Digital Transactions Authoritative, insightful and timely information for payments professionals
Mobile gambling, which doesn't now exist as a market in North America, will grow to $3.34 billion in revenue by 2011, accounting for 14% of a $23.2 billion world market, according to research released this week. Driving this growth, says Juniper Research Ltd., which published the research, are the rapid …
News
May, 2006
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30 May
National City Begins Selling ‘Non-Personalized’ Visa Travel Card
National City Corp., Cleveland, has begun selling a so-called non-personalized version of Visa USA's TravelMoney prepaid card, which replaces traveler's checks. National City, which is the sole major bank issuing either personalized or non-personalized versions of Visa's plastic for travelers, is offering instant issue of the new card, embossed with …
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30 May
Yahoo!’s New Pact with eBay Promises More Payments for PayPal
A multi-faceted marketing partnership between giant Internet portal Yahoo! Inc. and PayPal Inc., announced last week, seems likely to drive a significant flow of transaction volume to online auction provider eBay Inc.'s payment service. According to Nielsen//NetRatings, Sunnyvale, Calif.-based Yahoo! is the No. 2 parent company in terms of visited …
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26 May
An ACH-Image Proposal for Checks Roils Banks And Networks
A proposal to merge electronic check images with automated clearing house records, which first came to the fore at an industry trade show earlier this month, could become a reality?at least in a limited way–relatively soon. Backers of the plan, which include executives with at least two of the nation's …
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25 May
Phishing Takes Another Sharp Turn in the Wrong Direction As Sites Soar
The number of unique Web sites hosting phishing attacks, a figure that has been increasing sharply in recent months, took another huge upturn in April, according to the latest statistics from the Anti-Phishing Working Group. The population of such sites jumped 15% last month, to 11,121, the APWG's April report, …
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23 May
MobileLime Recruits First ISO in Effort to Sell Merchants Nationally
Seeking to broaden its reach as it rolls out to merchants nationally, Vayusa Inc. has begun to recruit independent sales organizations to sell its MobileLime cell-phone-based loyalty and rewards system. MobileLime, which earlier this year signed its first merchant outside the Northeast, this week announced Vision Payments Solutions LLC, a …
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23 May
Debitman’s HSBC Deal Could Help It Corral More Merchant Issuers
There are no specific issuing agreements yet, but private-label credit card issuing giant HSBC Retail Services has teamed up with Debitman Card Inc. in a deal that could result in HSBC retailer clients offering PIN-debit cards to their customers usable on Debitman's network. If the arrangement pans out, it would …
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23 May
Merchants Hit MasterCard IPO on Anticompetitive Grounds
A law firm co-leading the merchant class-action interchange lawsuit against Visa USA, MasterCard Inc. and a number of their large members yesterday filed a supplemental complaint in federal court asserting that MasterCard's imminent initial public offering of stock is an attempt to shield itself from antitrust liability for past interchange …
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22 May
Valista Gears New Software Release to M-Payments Trends
Hoping to take advantage of the related trends in mobile commerce toward so-called off-portal business and direct-to-bill payments, international m-payments processor Valista Ltd. has introduced a new version of its transaction-processing engine, which is aimed primarily at mobile-network operators and Internet Service Providers. The latest release of the engine, called …
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19 May
A Boom Is Building in FSA Debit Cards, But Challenges Remain
Because of the efficiency, savings, and convenience they bring to a system traditionally choked with paper, debit cards linked to flexible-spending accounts (FSAs) are turning into a hot growth market in electronic payments. Issuers will put 6 million of the cards in circulation in 2006, up 50% over last year …