E-Commerce

Eight months after rolling out its Internet payment service in the U.S., Ottawa-based MODASolutions says it is seeing results, both in merchant recruitment and in consumer adoption. The company, whose SECURE-eBill product allows consumers to pay e-commerce merchants in the same way they make electronic bill payments, won't disclose transaction …

Webpay Inc.'s Click&Buy payment service, which handles largely digital-content sales, will begin processing transactions on consumers' phone bills April 1. The service will work with two so-far unnamed telecommunications carriers that together cover 55% of U.S. land-line subscribers, says Fabian G. Siegel, president and chief executive of Webpay, which has …

CyberSource Corp.'s acquiring business now accounts for fully a quarter of revenue for the Mountain View, Calif.-based provider of gateway and fraud-management services for e-commerce merchants, the company announced today. That represents significant growth from a year ago, when the fledgling acquiring business, in which the company offers and supports …

Qpass Inc. has announced it is the first processor to reach the $1 billion mark in premium digital content. The Seattle-based company, which produces billing software primarily for mobile carriers, says it hit the milestone Jan. 11 and has now exceeded 400 million paid downloads on its platform. While not …

Internet payments processor PayPal Inc. saw its transaction volume grow 40% in 2005's fourth quarter over the year-ago period, to 139.7 million transactions, according to figures released yesterday by parent company eBay Inc. The processor's fourth-quarter volume, which included holiday activity, was also up 19% over third-quarter traffic. Dollar volume …

Writeoffs stemming from transactions on prepaid cards, which had been swelling at online merchant ShopNBC, have eased considerably in the past few months, the retailer reports. Bad debt attributable to the plastic accounted for 3% of total writeoffs for 2005 at ShopNBC, which sells jewelry and electronic gear online at …

Afer a let-up last summer, the phishing scourge appears to be getting worse. The Anti-Phishing Working Group reports the number of unique phishing attacks grew 6.7% in November over the count in October, to 16,882. This represents a new record high for the online fraud, in which criminals use bogus …

Deep discounts on interchange rates for Internet transactions authenticated through MasterCard International's SecureCode technology are taking effect just as the security system appears to be attracting more issuers and online merchants, according to a vendor of online authentication systems that supports both SecureCode and Visa USA's rival Verified by Visa …

The financial institutions whose online banking sites are doing the best job of protecting customers from identity fraud are Bank of America, Citibank, E*Trade Bank, Washington Mutual, and Wells Fargo Bank, according to a study released today. These banks scored in the top five of 28 institutions whose online banking …

BitPass Inc. has acquired rival micropayments processor Yaga Inc. in a deal that hands the Menlo, Calif.-based BitPass technology to support subscription and payment-aggregation models. The acquisition agreement, terms of which were not released, calls for BitPass to take over Yaga's platform, intellectual property, and client contracts. Staff at San …