Thursday , July 9, 2020

March, 2006

  • 7 March

    SVPCO Hits 1 Million Mark in Average Daily Items for Image Exchange

    In an indication of the rapid growth of image exchange, the nation's largest network reports its average daily volume soared 47.3% in February, to just over 1 million items, over the average in January. This represents the first time The Clearing House Payments Co. LLC's SVPCO unit has reached the …

  • 6 March

    Chase Rolls out a Prepaid Visa for Low-Income Tax-Refund Recipients

    In a new twist on stored-value plastic, JPMorgan Chase & Co. is issuing Visa-branded debit cards to low-income recipients of tax refunds. Working with Volunteer Income Tax Assistance offices in 16 cities, Chase expects the cards to help recipients who qualify for refunds under the Earned Income Tax Credit (EITC) …

  • 3 March

    Single-App Terminals Help Drive Financial Results for VeriFone

    Sales of high-tech products such as wireless and Internet Protocol payment terminals helped VeriFone Holdings Inc. post a 21% revenue gain in its first fiscal 2006 quarter, but merchants with limited needs also helped out. In an analysts' conference call late Thursday afternoon, chairman and chief executive Douglas G. Bergeron …

  • 2 March

    U.S. Encode Readies a CD/Mag-Stripe Card for Online, POS Use

    A small San Diego company is working on a new type of transaction card that combines the characteristics of a compact disk and a mag-stripe card, allowing consumers to perform both credit and debit transactions online as well as at physical points of sale. U.S. Encode Corp., incorporated in 2002, …

  • 2 March

    Why Info Touch Sees Benefits in 40-ATM Pilot with Cardtronics

    The idea of merging financial-services kiosks with ATMs will be tested this spring when Info Touch Technologies Corp., operator of the TIO kiosk network, and ATM deployer Cardtronics Inc. begin driving some 40 machines specially fitted to dispense cash withdrawals and perform kiosk functions such as bill payments. The machines …

  • 1 March

    Survey Shows Sizable Opportunity for EBPP in P&C Insurance

    Some 73% of homeowner-insurance and auto-insurance customers would be willing to pay their premiums online, yet most of them pay with cash or check and nearly all of them still receive their bills in the mail, according to a new survey. The survey, which points to a significant opportunity for …

February, 2006

  • 28 February

    Google’s Payments Moves Excite Comment, But May Not Threaten PayPal

    Search-engine giant Google Inc. may be ramping up its electronic-payment capability for users, but it's a long way from competing with PayPal Inc. as a processor of general-purpose Internet transactions, a payments-industry researcher says. “It will take a few years for Google to even consider competing with PayPal, if they …

  • 27 February

    How Interchange Wars Are Lending Impetus to Instant Issuance

    Heightened tensions over interchange fees are helping to fuel expansion in the market for so-called instant issuance of payment plastics. Englewood, Colo.-based Dynamic Card Solutions, which produces software that lets banks issue Visa- and MasterCard-branded debit cards on the spot to customers, says its revenue grew 53% in 2005, without …

  • 24 February

    Early Signs Look Good for Back-Office Conversion in NACHA Comments

    A proposal for a new payment application that would allow merchants to convert bundles of consumer checks to electronic transactions in a central location has received largely favorable comment from banks, merchants, and other industry participants. NACHA, the Herndon, Va.-based rules-setting organization for the automated clearing house, is reviewing written …

  • 23 February

    The FTC Puts One Security Compromise to Rest, But More Await

    The Federal Trade Commission announced on Thursday a proposed settlement with the successor to CardSystems Solutions Inc., the merchant processor that gained notoriety last year as the source of the largest known compromise of financial data to date. The settlement, which did not include fines, arose out of the FTC's …

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