Friday , September 30, 2022

News

October, 2004

  • 11 October

    Can a Veteran of ATM Networking Succeed in Health Care Processing?

    A veteran ATM network executive thinks he can succeed at building a national health-care transaction-processing system, though similar efforts have a dismal record of failure. The executive, Joseph E. Wolfson, founder of the Metroteller electronic funds transfer network, expects the HealthTransaction Network to begin processing transactions from health-care insurance companies …

  • 8 October

    A Proposed ACH Fee for Unauthorized Debits Stirs Debate

    A new proposal that would require banks that originate unauthorized automated clearing house transactions to pay fees to receiving banks went out to ACH members for comment this week, but not without controversy. “This is by far the most polarizing topic the ACH industry has seen in a long time,” …

  • 7 October

    Albertson’s Will Pilot Biometric Authentication from Pay By Touch

    Albertson's Inc., a Boise, Idaho-based chain of supermarkets, will install and test a biometric-based system to authenticate electronic transactions by the end of the first quarter next year. The system, which relies on mathematically derived templates of consumers' fingerprints, comes from San Francisco-based Pay By Touch, which has been aggressively …

  • 6 October

    New Check Software to Let Merchants Cash in on Check 21

    With the effective date for the Check Clearing for the 21st Century (Check 21) Act only 22 days away, few electronic payments observers doubt that the efficiencies of check imaging and image exchange will benefit banks. A lingering question, though, has been how much it will benefit retailers who accept …

  • 5 October

    The Sub-$2 Market Keeps Growing?at the POS As Well As Online

    The number of Americans ages 12 and up who bought sub-$2 digital content online in the past year has ballooned to more than 14 million, up from 4 million a year ago, according to a survey released today. “The data suggest that the online micropayments market has grown significantly in …

  • 4 October

    Discover Sues, AmEx-MBNA Get Set in Wake of Supreme Court Decision

    Within minutes of the U.S. Supreme Court's decision this morning to let stand a lower court's ruling forcing Visa and MasterCard to allow members to issue cards on the American Express Co. and Discover Financial Services Inc. networks, Discover filed suit against the bank card associations and AmEx announced it …

September, 2004

  • 30 September

    NACHA Will Start Testing a New Internet Payment Type Next Spring

    The National Automated Clearing House Association, Herndon, Va., is preparing to launch a test early next spring of a new electronic transaction type for payments on the Internet. The new payment category would be best suited for payments to so-called spontaneous retailing sites?those operated by hard goods merchants, rather than …

  • 30 September

    PayPal Launches First Campaign to Sign up ‘Off-eBay’ Merchants

    PayPal Inc. is in the midst of rolling out its first marketing campaign to sign up non-eBay merchants for its online payment service. Dubbed “PayPal for Business” and aimed at what PayPal considers small and medium-size Internet merchants, the campaign features a telemarketing effort, a direct-mail blast, and a new, …

  • 30 September

    A Complement to POP Could Come from NACHA

    The National Automated Clearing House Association is mulling an idea for a new point-of-sale electronic check product that it hopes might overcome some of the obstacles its existing POS service, called POP, has run into. Tentatively called “back-office conversion,” or BOC, the idea would allow merchants to send all checks …

  • 28 September

    PINless Debit Could Crimp the ACH’s Style on the Internet

    Although Internet transactions have become a highly popular form of payment on the automated clearing house network, the emergence of direct debit online may stunt the growth of Web ACH transactions, an executive with a major Internet payment processor said today. Internet payments, which the National Automated Clearing House Association …

Digital Transactions