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The merchants have spoken, and they're none too happy with the new pricing plans Google Inc. disclosed earlier this month for its nearly 3-year-old Google Checkout online-payment service. Merchants are registering their ire on Google Checkout's Web site, where many of the 90-plus recent postings in a section reserved for …
Read More »Bill Me Later (And Thus eBay) Enters Tax Payments Via Link2Gov
In another example of tax payments going electronic, processor Metavante Corp.'s Link2Gov subsidiary has added Bill Me Later as an option that consumers and businesses can use to pay federal taxes. Assuming all goes as planned, the deal announced on Tuesday should bring more transaction volume to Metavante, the payment …
Read More »Pulse Becomes Third EFT Network to Agree to Test Online PIN Debit
The Pulse electronic funds transfer network on Monday announced it will test transactions in which consumers use PIN debit cards to pay online merchants. The Houston-based network is the third EFT system to agree to run such a pilot using technology from Acculynk Inc., an Atlanta-based software company. The Accel/Exchange …
Read More »To Cut Fraud Losses, Don’t Wait for Chargebacks, Apple Says
Online merchants shouldn't wait for chargebacks to indicate a problem with fraudulent orders. Instead, they should pay attention to other indicators, such as the volume of canceled orders, to anticipate whether a wave of chargebacks is about to hit. That's the argument Dave Moriarty, director of data mining at Apple …
Read More »While Google Checkout Reprices, eBay Eyes Big Growth for PayPal
Announcements last week from two of the major online payment systems, PayPal Inc. and Google Inc.'s Google Checkout, show the two are taking differing roads: PayPal is getting ready for a big growth spurt, while Google Checkout is changing its longstanding pricing plan with tiered rates that amount to price …
Read More »A Cautious Chase Paymentech Signs Up for Online PIN Debit
The nation's largest processor of e-commerce transactions this week announced its commitment to a test involving PIN debit payments on the Internet. Chase Paymentech Solutions LLC, which processes for merchants that control more than half of all U.S. transactions on the Web, expects to sign between three and five sizable …
Read More »Study: Fraud Could Drive Consumers To Non-Bank Online Payments
Among its many damaging effects, financial fraud threatens the growth of online payments and banking and could drive consumers away from banks and toward electronic payment systems they perceive as more secure, such as PayPal. Those are some of the conclusions in a new report from technology research and consulting …
Read More »Web-Based PIN Debit Picks up Momentum with a Pilot and New Deals
The Accel/Exchange electronic funds transfer network has signed up a handful of issuers for an Internet-based PIN debit pilot that processed its first transaction, for $9.49, on Wednesday, according to Michael Kelly, general manager of the Morris Plains, N.J.-based network, a unit of Milwaukee-based bank processor Fiserv Inc. Kelly says …
Read More »Paymate Adds an Aussie Accent to Crowded Online Payments Market
The U.S. alternative-payments market has already attracted a slew of startups over the past few years, and now it's drawing even more competition from overseas. Paymate Global Inc., the U.S. arm of Australian processor Paymate Pty Ltd., earlier this month completed its integration with eBay Inc.'s checkout system and joins …
Read More »Online Spending Sags, But Not As Much as Overall Retail Sales
It's no surprise, but it's still significant: retail electronic-commerce sales declined by more than 5% in the fourth quarter, the U.S. Commerce Department's Census Bureau reported this week. “This is the first-ever quarterly decline year over year,” a Census Bureau spokesperson tells Digital Transactions News. The bureau began tracking e-commerce …
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