Thursday , March 28, 2024

News

March, 2009

  • 2 March

    Some Interchange Rates Up, Some Down, With Higher Auth Fees

    Lower interchange rates in some cases for online retailers and travel-and-entertainment merchants that accept Visa credit cards and higher bank card authorization fees are set to take effect in the coming months. The good news for merchants is that seven of the 11 Visa consumer credit card interchange rates that …

February, 2009

  • 27 February

    Eye on Earnings: Cardtronics, TIO, Online Resources

    Key operating metrics posted solid gains in recent quarterly reports from two of the payment industry's specialty providers, non-bank ATM network operator Cardtronics Inc. and expedited bill-payment provider TIO Networks Corp. Houston-based Cardtronics, however, still posted a $57.9 million fourth-quarter loss, most of which originated with a one-time charge involving …

  • 26 February

    New Products Could Spur Holdouts to Jump into Image Exchange

    Viewpointe Archive Services LLC this week introduced two products that, the company says, respond to rising volumes of imaged checks and could smooth the way for more financial institutions to participate in end-to-end image exchange. One of the products catches mismatches between check images and the data contained in associated …

  • 26 February

    Discover’s Prepaid Teen Card Is the Latest Entry in a So-So Market

    Discover Financial Services this week unveiled a teen-oriented prepaid card called Current by Discover. Current is the latest entrant in a niche that includes the Visa Buxx and Allow MasterCard, prepaid cards that may have garnered more headlines than users. But Discover says its new card has straightforward pricing and …

  • 24 February

    Push for Deposits Lends Impetus to Consumer And Mobile Capture

    Yet another banking industry vendor, NCR Corp., is entering the consumer-capture marketplace. But as the field of providers gets more crowded, financial institutions are struggling to get a decent return on technology that enables consumers to make images of and deposit checks from their homes, according to an industry analyst. …

  • 24 February

    No Confirmation So Far for Multiple Reports of Another Breach

    Reports of yet another merchant-acquirer data breach are speeding around the Internet, but the card networks have not confirmed them publicly. Nor has any processor been identified. Merchant-acquiring sources, however, tell Digital Transaction News that multiple processors may have been breached in recent months. The non-profit Open Security Foundation, an …

  • 24 February

    Metavante Finds Adoption Rates Climbing for Expedited Bill Pay

    Nearly two years after introducing a same-day bill-payment service, Metavante Corp. reported on Tuesday its client financial institutions are seeing a 10% adoption rate among active online bill payers on average after 19 months of offering the product. The average rate after nine months is approximately 5%, the Milwaukee-based banking …

  • 19 February

    A New Service Lets Car Renters Pay Tolls with RFID Transponders

    A new service from specialty payment-services provider Highway Toll Administration LLC seeks to boost electronic toll-booth payments by making toll transponders available to customers who reserve rental cars through the big online travel booking site Travelocity.com. Great Neck, N.Y.-based HTA introduced the mail-order service, called TravelPass, Jan. 29. “The TravelPass …

  • 18 February

    Wal-Mart Slashes Fees on Prepaid MoneyCard As Economy Slumps

    Wal-Mart Stores Inc. on Wednesday slashed the pricing it imposes on its prepaid Visa card, cutting the activation fee by nearly two-thirds, the reload fee by 35%, and the monthly maintenance charge by 39%. Since it rolled out its MoneyCard in June 2007, Wal-Mart has sold 2 million of the …

  • 18 February

    Online Spending Sags, But Not As Much as Overall Retail Sales

    It's no surprise, but it's still significant: retail electronic-commerce sales declined by more than 5% in the fourth quarter, the U.S. Commerce Department's Census Bureau reported this week. “This is the first-ever quarterly decline year over year,” a Census Bureau spokesperson tells Digital Transactions News. The bureau began tracking e-commerce …

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