E-Commerce

Unlike its experience with online bill payment, Synovus Financial Corp. expects ultimately to generate significant revenue from a new Internet payments system based on the automated clearing house for which a 12-to-18-month pilot will start by October. Exactly how much revenue, however, may depend on the pilot itself, as well …

NACHA-The Electronic Payments Association expects to release pricing details in about two weeks for its long-awaited online-payments pilot, an official working on the project says. The details will set out a form of interchange fee merchants' banks will pay to banks that will authorize transactions and authenticate consumers, as well …

With the aim of expanding the debit card's reach into the booming world of Web-based micropayments, the Star electronic funds transfer network plans to start testing PIN-less online debit payments within a few weeks. The test will run about four months and involves Solana Corp., which will act as an …

PayPal Inc. saw its transaction volume swell 19% in the first quarter, to 177 million payments, while its non-auction business expanded to 39% of all transactions in a performance widely credited with boosting parent eBay Inc.'s financial results for the period. News of the e-commerce transaction processor's performance comes just …

Most banks report that their online-banking and bill-pay channels are experiencing no or only modest increases in fraud, according to a new survey from Boston-based research firm Aite Group LLC. But that's no reason to rest easy, says the researcher who oversaw the survey. Aite surveyed 21 of the top …

Could the 2008 presidential election be influenced by the candidates' Web sites?and in particular, those sites' ability to process online donations? A report released on Wednesday by Gomez Inc., a company specializing in Web-site performance measurement, would seem to suggest it might be. According to an online poll of prospective …

A processor that allows consumers to pay online with their PIN debit cards signed its second merchant this week and expects 18 more by the end of the year, including two more this quarter. “I feel good about the conversations we're having now with top online merchants,” says Robert Ziegler, …

Merchant processor Electronic Clearing House Inc. and accounting-software giant Intuit Inc. on Tuesday announced that their planned $142 million merger is off. ECHO chairman and chief executive Joel M. Barry laid much of the blame on a federal investigation into Internet gambling that will involve a $2.3 million settlement from …

The volume of unique phishing attacks hit an all-time high in January, while fraudsters broadened their reach to spoof Web sites they hadn't targeted before, such as social-networking and gambling sites, according to a group that tracks phishing fraud. The number of unique phishing e-mails hit 29,930, up 26% over …

A San Antonio, Texas company that specializes in clearing and settling consumer charges for telecommunications companies has signed up seven sellers of digital content for a new online payments gateway that lets users charge downloads to their phone bills. The seven undisclosed merchants are the first clients for what BSG …