News

January, 2008

• 29 January

  Javien Finds Growth Where Others Failed?in Micropayments

  While processors continue to struggle with the economics of micropayments, Javien Digital Payment Solutions Inc. may have found a way to make the tricky payments work. The McLean, Va.-based processor, which this week introduced a payments gateway to go along with a payment-processing platform it offers primarily to sellers of …
• 28 January

  MasterCard Streamlines OTA for Its Spokane M-Payments Pilot

  With its latest pilot for near-field communication (NFC) technology, which was announced on Monday and got under way last Thursday with select U.S. Bancorp credit card holders in Spokane, Wash., MasterCard Worldwide is testing a streamlined version of handset personalization it hopes will make it easier for consumers to adopt …
• 28 January

  Blackstone’s Alliance Data Deal Could Be Latest Victim of Credit Crunch

  The already-delayed $7.8 billion buyout of Alliance Data Systems Corp. by private-equity firm The Blackstone Group may not be consummated, the Dallas-based payment processor disclosed on Monday. The news sent Alliance Data's shares down 34% and fueled speculation that the deal announced last May 17 would become the latest victim …
• 24 January

  Growth at Spin-offs TSYS, Metavante, But Not All Is Rosy

  Newly independent of their founding bank owners, payment card processors Total System Services Inc. (TSYS) and Metavante Technologies Inc. weighed in this week with their fourth-quarter financials. The numbers by and large showed growth after a thicket of one-time spin-off and other expenses is cleared away, but both companies have …
• 23 January

  Banks Face an ISO Challenge in Remote Capture for Health Care

  Banks and processors looking for a way in to the potentially lucrative market for health-care payments could do worse than to cultivate that market for remote deposit capture, says an expert in electronic check processing. But while hospitals and clinics represent a wide-open opportunity for banks, it's not one that …
• 23 January

  Merchant Signings Help Fuel Fourth-Quarter Gains for PayPal

  E-commerce sales increases outpaced those at brick-and-mortar merchants during the 2007 holiday shopping season (Digital Transactions News, Jan. 14), and that strong growth along with the recruitment of new online merchants gave a fourth-quarter lift to Internet transaction processor PayPal Inc. The San Jose, Calif.-based company handled 203.9 million transactions …
• 22 January

  Nova’s Deal for Southern DataComm Gives It a Hospitality Gateway

  U.S. Bancorp's Nova Information Services Inc. merchant-acquiring subsidiary is diving headfirst into the increasingly competitive payment-gateway business with its pending acquisition of Southern DataComm Inc., a gateway with a big presence in the hospitality sector. Largo, Fla.-based Southern DataComm handles an estimated $50 billion-plus in annualized payment volume, according to …
• 22 January

  Visa Reports Mid-Sized Merchants Are Making PCI Progress

  Merchants accounting for two-thirds of Visa Inc.'s U.S. transaction volume have validated compliance with the Payment Card Industry data-security standard, or PCI, Visa reported on Tuesday. This latest report from Visa comes in the wake of a Dec. 31 deadline for so-called Level 2 merchants?mid-sized merchants that submit 1 million …
• 21 January

  Phishing Sites Proliferate, But Experts Say Help Is on the Way

  The population of Web sites dedicated to the crime of phishing jumped markedly in October after dipping late in the summer, according to the latest data from the Anti-Phishing Working Group. The good news, though, is that experts appear to be working out a new way to shut down these …
• 17 January

  With Alogent, Goldleaf Steps onto the Remote-Deposit Escalator

  Brentwood, Tenn.-based Goldleaf Financial Solutions Inc., a technology-services provider for 2,800 community financial institutions, on Thursday took a big leap into the fast-growing niche of remote deposit capture by announcing its $42.5 million acquisition of Alogent Corp., a prominent purveyor of remote-deposit software. Until now, Goldleaf's core business has been …