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News

March, 2005

  • 22 March

    Authorize.Net Focuses on Selling IP Expertise for ‘Non-Traditional’ Devices

    After a year of trying to sell itself as a transaction gateway for brick-and-mortar merchants, Authorize.Net Corp. says it has learned one important lesson: when it comes to the point of sale, any Internet-enabled device is capable of being a POS terminal. As a result, the American Fork, Utah-based processor, …

  • 21 March

    Fraud Begins to Take Its Toll on High-Potential Digital Markets

    E-commerce fraud is beginning to make itself felt in the markets for voice-over-IP (VoIP) services and in digital-content downloads, both of which are high-potential markets that many processors are counting on for transaction growth, according to Retail Decisions Inc., the U.S. unit of Retail Decisions PLC, a provider of online …

  • 21 March

    First Data Begins Handling Burger King Transactions in Canada

    First Data Corp. has begun to process MasterCard transactions at 123 Burger King Corp. outlets in Canada. The processing deal expands on one the Denver-based processor has for card processing at Burger Kings in the U.S. The card transactions at the Canadian Burger Kings are part of MasterCard's Quick Payment …

  • 18 March

    MasterCard Says It Wants Retailers to Stop Storing Mag-Stripe Data

    Having recently agreed to standardize their protocols for transaction-data protection primarily at online merchants, the card networks are beginning to push for improved security of stored data at brick-and-mortar retail locations, as well. The move comes in the wake of alarming breaches of card-transaction data at physical retail stores, including …

  • 18 March

    Deep Interchange Cuts for SecureCode Could Hike Merchant Enrollment

    MasterCard's recent decision to slash its interchange pricing for e-commerce merchants that adopt the bank card association's SecureCode authentication program should significantly improve the business case for the technology and put pressure on Visa USA to respond, industry sources say. “I can't imagine [Visa is] going to let MasterCard steal …

  • 16 March

    Discover Chief Nelms Calls for Innovation, Asks for ISO Help

    In a determined if not defiant speech delivered today at a conference of independent sales organizations, Discover Financial Services Inc. chief executive David Nelms invited ISOs to help Discover build its network by helping introduce new services and recruiting more merchants. He also decried high merchant acceptance costs and took …

  • 14 March

    MasterCard and Visa Agree on Standard for Contactless Payments

    MasterCard International and Visa International, which are now both offering platforms in the U.S. for contactless card transactions based on radio-frequency identification technology, have agreed on a common communications protocol and on testing requirements for the technology. The agreement should mean that payment devices branded by one of the associations …

  • 14 March

    Bill Me Later Adopts Electronic Bill Payment And Presentment

    I4 Commerce Inc., which processes the Bill Me Later payment option on e-commerce sites, has adopted an online bill-presentment and -payment technology to allow accountholders to pay for their Web transactions. The service, which allows consumers to pay for online purchases with credit extended by I4Commerce, will use an application …

  • 11 March

    Startup Travel Portal Gives PayPal a New off-eBay Channel

    Internet transaction processor PayPal Inc. will handle settlement of payments between travel agents and hotels, car-rental agencies, and other non-airline travel suppliers as part of a single-source, electronic booking portal offered by a San Francisco-based startup company. The deal helps PayPal further its strategy of moving more payments outside the …

  • 10 March

    TransFirst Begins Push for New Virtual Terminal/Gateway

    Dallas-based processor TransFirst today began marketing a Web-based payments-processing engine that was developed by a company it acquired a year ago and is currently being used by 3,500 merchants. Called Transaction Central, the new product acts as a virtual terminal for physical merchants and a payments gateway for Net retailers, …

Digital Transactions