Thursday , March 28, 2024

News

November, 2011

  • 10 November

    With Signs of an Improving IPO Market, Payment Processor Vantiv Preps To Go Public

    Vantiv Inc. filed a registration statement on Thursday for a proposed initial public offering of common stock that, if successful, would have a business started by Fifth Third Bancorp join the thin ranks of publicly traded processors that get most of their revenues from merchant acquiring. Vantiv, formerly known as …

  • 10 November

    Star Agrees To Offer Online PIN Debit Service from CardinalCommerce

      The Star EFT network, which has been working for several years on ways to enable cardholders to conduct PIN-debit transactions with online merchants, said on Thursday it will offer a service from CardinalCommerce Corp. that promises to allow issuers to choose how to authenticate users of PIN-debit cards in …

  • 9 November

    With an Android App Upgrade, PayPal Launches Its First NFC Product, A P2P Widget

      In the wake of strong growth in its mobile-payments business, PayPal Inc. on Tuesday made available an upgraded Android app that includes a widget for person-to-person payments using near-field communication (NFC) technology. The launch represents the San Jose, Calif.-based e-commerce processor’s first live product based on NFC, a short-range …

  • 8 November

    Eye on M-Commerce: AmEx Creates a Venture Fund; Intuit Strikes a Deal with AT&T

      n n n n n “We’re looking to play in the broad commerce space,” Sanghi tells Digital Transactions News, noting that AmEx started as a stagecoach company 162 years ago. “We’ve reinvented ourselves continuously.” He adds that although most of the investments probably will be domestic, AmEx might invest …

  • 7 November

    ACH E-Checks Post a Mixed Record of Growth for the Second Quarter

      n Online payments to billers increased nearly 10%, to 657.3 million transactions, compared to the same quarter in 2010. These are transactions handled under the ACH’s WEB application, which for some time now has been the network’s biggest e-check category. They represent payments consumers make on the Web sites …

  • 4 November

    USA Technologies a Strikes Small-Ticket Debit Interchange Deal With Visa

      Vending machine payment-services provider USA Technologies Inc. has struck a one-year interchange deal with Visa Inc. that allows machine owners to accept debit cards without higher costs. New interchange pricing that took effect Oct. 1 had threatened to raise card-acceptance costs for USA Technologies’ clients by more than 200%. …

  • 2 November

    Awareness of PCI Remains “Shockingly Low” Among Small Merchants, Study Finds

    Small merchants are not much more aware of—let alone compliant with—the Payment Card Industry data-security standard (PCI) than they were a year ago, according to a study released this week. Some 53% of small merchants are now at least aware of PCI, a small increase from the 47% a similar …

  • 2 November

    Square’s Latest Enhancement for Card Case Aligns with Hands-Free Trend

    Square Inc. on Wednesday introduced an enhancement to its Card Case wallet application that detects when a user is near a participating store and automatically links the user’s phone to the store’s Square account. By relying on this method, which the San Francisco startup calls automatically opening a tab, the …

  • 2 November

    “Selective” Incentives Will Help Steer Debit Volume to MasterCard, Banga Says

      n At a conference call with analysts to discuss the No. 2 payment card network’s third-quarter earnings, MasterCard president and chief executive Ajay Banga said his company is offering select merchants and merchant acquirers incentives to direct debit card transactions MasterCard’s way. “We are in a completely different competitive …

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