Friday , September 30, 2022

News

November, 2004

  • 4 November

    Image Exchanges Look to Volume Jumps Now That Check 21 Is Law

    The fledgling networks that traffic electronic check images rather than paper checks are looking for bigger volumes now that the Check Clearing for the 21st Century Act, popularly known as Check 21, has finally become law. “Now everyone's jumping on the bandwagon,” says Mark Craig, general manager of Endpoint Exchange, …

  • 3 November

    Visa’s New Debit Rates Help Interlink But Could Anger Merchants

    Visa's decision to increase its interchange rates for PIN debit transactions on its Interlink network may generate more revenue for the network's issuers but will also create more interest in competing non-bank networks catering to merchants, according to some observers. Visa yesterday released a four-page document to member banks outlining …

  • 2 November

    VeriSign Rolls out a New Trust Mark to Bolster Consumer Confidence

    Just ahead of the holiday shopping season, VeriSign Inc. has introduced a new mark that e-commerce sites can display to reassure shoppers about the security of their payments. The VeriSign Secured Seal denotes that a Web site uses Secure Sockets Layer encryption and other technologies?including the company's gateways–to guard customer …

  • 1 November

    MasterCard Reports 3Q U.S. Purchase Volume Growth of Almost 8%

    Purchase volume on MasterCard International credit and signature-based debit cards in the U.S. grew almost 8% in the third quarter, to $132.9 billion, the bank card company reported today. MasterCard credit cards registered growth of 6.9%, to $109.7 billion, well below worldwide growth of 11.2%. On the signature debit side, …

October, 2004

  • 28 October

    3Q ACH Volume Hits 2 Billion But E-Check Growth Cools off

    The automated clearing house is handling more electronic transactions than ever, though growth in its electronic check category is showing signs of cooling off. The National Automated Clearing House Association reports the ACH network interchanged almost 2.1 billion transactions among financial institutions overall in the third quarter, the first time …

  • 28 October

    How Metavante Plans to Leverage Its VECTORsgi Deal And Check 21

    With the Check Clearing for the 21st Century Act (Check 21) taking effect today, Metavante Corp. hopes to use its latest acquisition in the payments business to help it leverage sales to banks for distributed check capture and move the two national check image exchanges that have gone live so …

  • 27 October

    By Bailing on P-to-P, Yahoo Also Abandons Remittance Market

    Yahoo Finance's decision to shutter its 4-year-old PayDirect person-to-person payment service means it is also discontinuing a service it started up only 10 months ago to allow electronic remittances from domestic users to recipients overseas. The new international payment service was an effort by Yahoo Finance, a unit of Sunnyvale, …

  • 27 October

    PayPal Will Credit Seller Fees Tomorrow to Say ‘Sorry’ for Outage

    In an effort to make amends to sellers that were affected by its recent service outage, PayPal Inc. will credit all seller transaction fees incurred between 12 a.m. and midnight Pacific time tomorrow. Accounts eligible to receive the credits, which PayPal will distribute by Nov. 25, are premier and business …

  • 26 October

    Northwest Doubles Web-Based Ticket Sales in 2004

    Northwest Airlines Inc. is enjoying a breakthrough year in electronic ticket sales. The St. Paul, Minn.-based air carrier, the fifth largest in the world, is booking between $4 million and $6 million a day in ticket sales through its Web site, twice the volume the airline's site accounted for a …

  • 26 October

    TransFirst, First American Appoint New ISO And Sales Executives

    TransFirst, a Dallas-based processor that has grown significantly through acquisition over the past two years, has appointed two new executives to run its divisions concerned with independent sales organizations, agents, and resellers. Ryan O'Connor, formerly with Nova Information Systems, a unit of U.S. Bank, has become president of TransFirst's ISA …

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