E-Commerce

Visa U.S.A. reportedly has postponed for three months its plan to ban from its network transactions from troubled merchant processor CardSystems Solutions Inc. in order to facilitate the sale of CardSystems' assets to CyberSource Corp. In the wake of a massive security breach at Atlanta-based CardSystems in May that compromised …

CyberSource Corp.'s deal to acquire the assets of CardSystems Inc. would hand the Mountain View, Calif.-based transaction-gateway provider a major sales channel for both card-present and Web-based payment processing, catapulting the company squarely into the ranks of processors for small and mid-sized multi-channel merchants, according to observers. The move also …

The rising interest among banks and Internet merchants in more robust methods to verify that online customers are who they say they are is helping drive business for a form of such verification known as knowledge-based authentication. Verid Inc., a 6-year-old supplier of KBA processing services, says its transaction volume, …

Reporting rapid growth for its payment service and rising interest in a new marketing and finance platform it rolled out last month, I4 Commerce Inc. says it will begin next year expanding into new payment channels, with debit and stored-value ranking as distinct possibilities. The company will end the year …

GreenZap Inc., a San Diego, Calif.-based processor of e-mail payments that started up this summer as the latest competitor to PayPal Inc., has added acceptance of Visa and MasterCard cards to fund accounts, a move the company says will help it to more than double transaction volume. “The integration of …

After five years of development, Boca Raton, Fla.-based startup ECOM Financial Corp. is planning to introduce an anonymous, disposable prepaid card that will clear transactions through the MasterCard network and be usable for purchases on the Internet as well as at the point of sale. The company, which says it …

PayPal Inc.'s decision to enter the broad micropayments market could help the Internet payments processor boost transaction volumes and attract new accountholders, but by how much is currently a guessing game, experts say. “I'm not educated enough yet to say whether it's going to be material,” says Gwenn Bezard, research …

Recent reports concerning the dual online threats of phishing and malware indicate mixed news: the phishing threat is down as measured by number of incidents, but fraudsters' use of malicious code to steal passwords and re-direct unsuspecting Web users is increasing steadily. Postini Inc., a Redwood City, Calif.-based producer of …

With online merchants in the U.S. increasingly seeking business overseas, TransFirst Inc. is adopting automated currency-conversion technology from E4X Inc. Dallas-based TransFirst, which processes card transactions for 160,000 merchants?including an increasing number of card-not-present merchants?will offer automated currency conversion to its clients as part of its processing service. E4X says …

Universal Air Travel Plan, which processes corporate travel payments for some 200 accepting airlines around the world, is opening its network to third-party Internet transaction processors as part of a strategy that could significantly boost network volume and bring consumer transactions through its settlement system for the first time. Ralph …