Tuesday , January 26, 2021

June, 2005

  • 28 June

    PayPal Seeks Higher Small Merchant Share with New Product

    PayPal Inc.'s new payment technology for small and medium-sized merchants, introduced last week (Digital Transactions News, June 20), is aimed at boosting the online payment processor's market share with these merchants both on auction sites and through their own Web sites, PayPal executives say. The San Jose, Calif.-based company, a …

  • 28 June

    A Preliminary USPTO Decision Supports ReD in Patent Dispute

    Retail Decisions PLC says the U.S. Patent and Trademark Office has issued what it calls a “preliminary decision” that supports ReD's position in a patent dispute between the company and Mountain View, Calif.-based CyberSource Corp. U.K.-based ReD includes its U.S. unit, Retail Decisions U.S.A., Hazlet, N.J. The USPTO statement, which …

  • 23 June

    Small Merchants File Class-Action Antitrust Case Against Interchange

    Declaring the need for litigation to bring credit card interchange rates under control, five small merchants today filed a class-action antitrust suit against Visa, MasterCard, and at least seven major banks. The suit, filed in the U.S. District Court for the District of Connecticut, alleges the banks and their card …

  • 23 June

    United Bank Card Rolls Out New Weekly Bonus Payouts for ISOs

    United Bank Card Inc. is introducing two new weekly-payout bonus programs for independent sales organizations and increasing payment frequency on a third incentive program to weekly, as well. The Hampton, N.J.-based acquiring processor says it has begun paying an incremental $30 to $40 to ISOs and sales agents for each …

  • 23 June

    Card-Data Thefts Increase Jitters Among Online Consumers

    The steady drumbeat of card-data breaches is a major factor causing rising anxiety among consumers who use the Internet for shopping and other financial transactions, the Conference Board reported today. In a quarterly survey of 10,000 households sponsored by the New York-based business organization, 13% of all online consumers say …

  • 22 June

    AOL Seeks Less Costly Payments, But Eschews PIN-less Debit

    PIN-less debit may be gathering momentum for online bill payments, but not all potential billers are convinced they should offer the payment method, which depends on the same networks that switch PIN-based debit transactions at the point of sale and at ATMs. Because it carries lower acceptance costs than credit …

  • 20 June

    CardSystems Breach Could Lead to Tougher PCI Enforcement

    The major breach of credit card account data revealed over the weekend, the latest in a string of such incidents over the past six months, may lead to tougher enforcement of data-security standards by the card companies, experts say. The breach, which exposed cardholder names, account numbers, and card verification …

  • 20 June

    PayPal Launches New E-Commerce Service, Holds Tongue on Google Plans

    In a move that furthers its strategy to expand payment processing beyond auction activity, PayPal Inc. is rolling out a new transaction tool designed to allow small and medium-size Web-based merchants to accept all forms of payment entirely through PayPal, apparently eliminating the need for gateways or other third-party processors. …

  • 17 June

    Moneris Looks to Big Growth with Internet Debit Payments

    The introduction in Canada of a bank-sponsored commercial payment service allowing consumers to buy goods from e-commerce merchants with their PIN debit cards is sparking widespread interest among retailers, according to Moneris Solutions Corp., the first processor to handle transactions for Interac Online. Moneris has been processing Interac Online payments …

  • 17 June

    New Merchant Coalition to Focus on Education About Interchange Costs

    The first order of business for the new Washington, D.C.-based merchant group formed earlier this year to lobby for regulation of card-interchange rates is to inform consumers and their representatives about the costs they incur because of interchange, says Mallory Duncan, chairman of the Merchants Payments Coalition. “Consumers don't appreciate …

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