Digital Transactions Authoritative, insightful and timely information for payments professionals
A startup company managed by former executives from online travel agency Orbitz LLC plans to release in the fourth quarter a software product that will let online merchants manage the gamut of transaction fraud issues, from front-end screening to automated order review to chargeback processing and, eventually, back-end collections and …
Read More »New Tool Lets Phishers Set up Bogus Sites in a Few Seconds
Fraudsters have started using computer files that allow them to instantly create a phishing site on a compromised computer, a move that could make their activities harder to detect, a report from RSA Security Inc. says. The Bedford, Mass.-based security firm's Anti-Fraud Command Center has discovered what it calls a …
Read More »An ISO Sees Tasty Potential in Online Ordering for Fast Food
An online-ordering system for fast food, introduced in January by a Fort Lauderdale, Fla.-based independent sales organization, has been adopted by more than 1,200 locations so far, including small proprietors looking to compete with large chains. The system, which allows consumers to order and pay for pizzas, sandwiches, and other …
Read More »Northwest Deal Lets PayPal Gain Altitude in Online Travel Sales
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 …
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