Digital Transactions Authoritative, insightful and timely information for payments professionals
Consumers who abandon shopping carts on e-commerce sites do so mainly because the sites impose costly shipping and handling costs or lengthy shipment times. This is one part of the findings of a survey conducted last month by NetIQ Corp., a San Jose, Calif.-based vendor of web-analytics tools. The company …
Read More »Peppercoin Scores Another Online Song Merchant
Peppercoin Inc., the Waltham, Mass.-based provider of software to process very small online transactions like payments for 99-cent songs, has signed up another new client in the red-hot market for online music. Smithsonian Folkways Recordings, a non-profit record label belonging to the Smithsonian Institution, announced it had signed on with …
Read More »Continental’s Kiosk Network Reaches All U.S. Airports It Serves
Continental Airlines has announced it has now installed ticketing kiosks in all domestic airports served by its planes. With a machine going online Dec. 31 at the airport in Reno, Nev., the airline's network of machines now numbers 779 across 130 U.S. airports. Continental says self-service check-in has become the …
Read More »Suit Settled, eBay and Tumbleweed Target Online Security
Tumbleweed Communications Corp. hopes to move forward with eBay Inc. and its PayPal person-to-person transaction unit on solutions for online transaction and e-mail security issues now that the companies have settled patent-infringement lawsuits Tumbleweed initiated in May and September 2002. In the suits, filed originally against PayPal and then against …
Read More »Cash Asserts Itself at Continental Airlines
Hold the requiem for cash. It's still flexing its muscles as a payment vehicle, as witness the deal announced today by Western Union Financial Services Inc. and Continental Airlines. Starting now, customers who book seats on the airline's Web site can pay by cash at any of 45,000 Western Union …
Read More »Record Online Spending Brings Record Strains
The record transaction volume recorded online this holiday shopping season also put record strains on Web sites' ability to handle the load. According to data from Keynote Systems Inc., a San Mateo, Calif.-based site-performance management company, both response time and success rate for Web transactions improved in the week ending …
Read More »Wal-Mart’s 88-Cent Siren Song
The market for ultra-low-ticket song downloads from online music stores continues to heat up. Wal-Mart Stores Inc. has launched a service on its Web-based operation, Walmart.com USA LLC, that offers single songs for 88 cents, or 11 cents cheaper than what has become the 99-cent standard price for songs available …
Read More »Yahoo’s PayDirect Enters the Overseas Remittance Market
Yahoo Finance, whose PayDirect person-to-person payment service has been in operation domestically for three years, is now offering PayDirect International to allow electronic remittances from domestic users to recipients overseas. Announced this week, the new international payment service is an effort by Yahoo Finance, a unit of Sunnyvale, Calif.-based Yahoo …
Read More »BofA Hits 7-Million Mark in Online Banking Users
It may be cold outside throughout much of the country, but Bank of America says customers are starting to warm up to online banking in a big way. The Charlotte, N.C.-based banking company announced its online banking service has reached 7 million subscribers, making the bank the first financial-services company …
Read More »Peppercoin’s Big Ambitions in Small Payments
Peppercoin Inc., the Waltham, Mass.-based micropayments startup that only this week emerged from its test phase with a commercially available service, may have a small footprint in the transactions business so far, but its ambitions are big. First, it plans to snag more merchant signings like the one it announced …
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