Digital Transactions Authoritative, insightful and timely information for payments professionals
Microsoft Corp. and Vodafone Group PLC are working together on technology standards that would allow personal computers to exploit wireless networks for functions ranging from user authentication to payment to text messages. A company that sells online games, for instance, could use the new mobile Web specifications to accept micropayments …
Read More »Behind a Web-Based Network’s Explosive Growth
A Web-based payments transaction processing program has been growing at about 400% annually since it branched out beyond the hospitality industry. When Las Vegas-based Shift4 Corp. developed its $$$ on the Net system for nearby resorts five years ago, the system was designed to allow the hotel, gift shops, casinos, …
Read More »The Latest Try at Online Debit Counts on Merchants
A technology firm is rolling out an Internet-based debit-card shopping program that relies on merchants to foot the cost of card readers. The program developed by Atlanta-based Kryptosima, a subsidiary of InstaPay Systems, will start with the Armed Forces Financial Network (AFFN) electronic funds transfer network and several large online …
Read More »Recruiting Bill Payment for Internet Transactions
A new online payment system has been rolled out by a Canadian company that relies on existing bank bill payment services to allow consumers to pay for Internet purchases. Developed by Ottawa, Ont.-based MODAPay, the service has been piloted by all of the top banks in Canada and now is …
Read More »Seeking Security in an Insecure World
The recent hack attacks and assorted computer worms and viruses have transaction executives thinking a lot these days about software security, a subject some experts say is likely to remain vexed. Software, after all, is simply the product of human code-writing. “There’s no such thing as secure software,” declares John …
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