News

February, 2008

• 11 February

  Intrigue Envelops Hypercom As It Mulls Ingenico Buyout Offer

  Point-of-sale terminal maker Hypercom Corp. on Monday said it is talking with France-based Ingenico about the $332 million buyout offer Ingenico made last week, an offer that came at a time when Phoenix, Ariz.-based Hypercom is trying to buy the POS terminal unit of another French company, Thales S.A. Ingenico …
• 11 February

  LendingTools Sparks Growth with Image Exchange for Small Banks

  LendingTools.com, a Wichita-Kansas-based technology company that a year ago began offering regional image exchanges for community banks based on an ASP model, says it is processing items at a rate of 10 million per month, with more growth in store in 2008. As smaller banks leave paper-check exchanges and begin …
• 7 February

  Eye on Earnings: Quarterly Results at Visa, Fiserv, Jack Henry, Tier

  Visa Inc., which is planning an initial public stock offering this year, processed 9.1 billion transactions in its fiscal 2008 first quarter ended Dec. 31, up 1.1 billion or 13% from 8 billion a year earlier, according to the quarterly report the No. 1 payment network filed Feb. 4 with …
• 6 February

  PCI Council Streamlines Self-Assessment Forms, Targets Software

  Merchants like to gripe about the Payment Card Industry data-security standard (PCI) nearly as much as they like to complain about interchange, but a new set of questionnaires for merchants to use with their PCI assessments could reduce the irritation factor. The new, so-called Self Assessment Questionnaire from the PCI …
• 6 February

  Hy-Vee Gives Thumbs up to BOC, Works on Chainwide Rollout

  In a major vote of confidence for an 11-month-old form of electronic payment, Hy-Vee Inc., a 224-unit supermarket chain based in West Des Moines, Iowa, has installed back-office conversion (BOC) in 21 of its stores in the Des Moines area since last August and plans to roll out the system …
• 6 February

  10% of Mobile Banking Enrollees Are New to Wachovia, Bank Reports

  Three months after Wachovia Corp. began offering a mobile-banking service based on a software application installed in customers' handsets (Digital Transactions News, Nov. 13, 2007), the Charlotte, N.C.-based banking company is seeing new enrollments in the service rise at an average of 40% per week, while 10% of enrollments have …
• 5 February

  Fiserv-CheckFree Brings Remote Capture to Online Consumer Banking

  Remote deposit capture still has plenty of territory to conquer in its original business-user market, but bank processor Fiserv Inc.'s CheckFree electronic bill-pay unit on Tuesday unveiled a home-based remote deposit capture service it believes will tap growing consumer demand for electronic banking. Dubbed Remote Deposit Capture for Consumers, the …
• 4 February

  Report: Merchants Need Interchange Breaks to Adopt Contactless

  An absence of incentives?particularly for merchants?is handicapping contactless payments in the U.S., and by extension mobile payment at the point of sale could suffer, according to a new report. About 40,000 U.S. merchants now accept contactless cards and fobs, or 0.5% of all merchant locations. That number will grow to …

January, 2008

• 31 January

  A Rapidly Growing PayPal Makes a Big Bid to Beef up Security

  PayPal Inc.'s rapidly growing payment volume, coupled with its increasing penetration of markets not related to its mainline eBay Inc. business, led to the e-commerce processor's announcement this week that it had agreed to buy an Israeli technology firm, Fraud Sciences Ltd., for $169 million in cash. PayPal says the …
• 31 January

  Debit Traffic Now Bigger Than Credit Transactions for MasterCard

  The weakening U.S. economy that's provoking angst in Washington and on Wall Street has yet to crimp No. 2 payment card network MasterCard Inc., which on Thursday reported strong fourth-quarter financials and transaction growth. MasterCard, however, is seeing a shift away from discretionary spending and toward so-called “everyday” purchases such …