Digital Transactions Authoritative, insightful and timely information for payments professionals
Alternative payments have penetrated the market for airline tickets with Northwest Airlines Inc.'s decision to accept PayPal on its Web site. The move by the major air carrier, which executes about 1,400 daily departures around the world, makes it the first airline to accept PayPal and gives the San Jose, …
Read More »Another Rival for NACHA?with an International Flair
Internet payments company Saf-T-Pay Corp. is about to roll out a system that taps consumers' demand-deposit accounts and bears similarities to those being promoted by NACHA?The Electronic Payments Association and tech company MODASolutions Inc. But Miami Beach, Fla.-based Saf-T-Pay says it has an easy-to-use solution that already is gaining credibility …
Read More »ISO Ties Helped Seal CyberSource’s Bid for Authorize.Net
CyberSource Corp., which on Monday announced it is buying rival online gateway provider Authorize.Net Holdings Inc. for $565 million in stock and cash, plans to leverage Authorize.Net's relationships with independent sales organizations and other third-party resellers to reach small e-commerce merchants. The transaction, expected to close this fall, “dramatically accelerates …
Read More »Google Checkout Scrubs Its Boston Party After Talks with eBay
The party's off. Google Inc., which had planned to sell its Google Checkout online payment system Thursday night at a party in Boston during a convention of eBay Inc. buyers and sellers (Digital Transactions News, June 12), has abruptly canceled the event after talks with eBay. Mountain View, Calif.-based Google …
Read More »How a Startup Processor Plans to Take on NACHA in Web Payments
A Bellevue, Wash.-based startup plans to have a Web-based payment system in operation some time in 2008 that will look strikingly similar to one that NACHA-The Electronic Payments Association has spent the past several years developing. Metafos Inc., which formed only 18 months ago, is talking to banks and online …
Read More »Targeting eBay Ban, Google Checkout Plans Party to Reach Sellers
Looking to stir up support for its Checkout online payment system among sellers on eBay Inc.'s online marketplace, Google Inc. will throw a party Thursday night in Boston during a three-day convention eBay is hosting for its buyers and sellers. The party, themed “Let Freedom Ring” and to be held …
Read More »RBS Set to Compete in the U.S. Market with a Payments Gateway
A new transaction gateway backed by one of the largest processors in the world is gearing up to compete for U.S. e-commerce business. The Royal Bank of Scotland Group, which has been handling overseas transactions for U.S.-based online merchants, has unveiled a new service that will compete for transactions generated …
Read More »Mobile Web Surfers Soar As Payments Players Rev up M-Commerce
Just as U.S. banks and merchants rev up plans for mobile commerce, U.S. mobile phone users are accessing the mobile Web more than ever, with a particularly strong spurt of growth in usage over the past year. Some 21% of worldwide links to the mobile Internet through a platform operated …
Read More »PayPal Courts Businesses with Incentives And New Technology
PayPal, the online payment service of Internet auctioneer eBay Inc., has taken two more steps in its effort to diversify its transaction base beyond the eBay fold. This week it announced it would use IP Commerce Inc. technology to enable small businesses to easily send invoices and receive payment through …
Read More »MODASolutions Rechristens Its Service, Unveils Buyer Protection
MODASolutions Inc. which has been marketing an online-payment system called SECURE-eBill for more than two years, has renamed the service and introduced its first buyer-protection policy to cover instances of delayed or damaged goods, as well as non-delivery. The new policy comes as online retailers seek alternatives to bank-issued credit …
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