Thursday , March 28, 2024

News

June, 2006

  • 7 June

    A Busy ATM Direct Looks to Add Another Network, More Online Retailers

    ATM Direct, which this week announced agreements with an electronic funds transfer network and an Internet merchant to process PIN-secured debit card payments on the Web, has signed another online retailer, which will go live on its system in August, Robert Ziegler, senior vice president and general manager of the …

  • 6 June

    CyberSource Bids to Relieve Online Retailers’ PCI Headaches

    In a bid to meet what appears to be a clear market demand for services to help online merchants satisfy card-data security rules, CyberSource Corp. Tuesday launched a product that removes merchants from the business of handling and storing payment data. The move comes as merchants and processors increasingly find …

  • 5 June

    ATM Direct Scores First EFT Network for Web-Based PIN Debit

    In a development that could lead to the first significant use of PIN debit for Internet transactions, the ACCEL/Exchange electronic funds transfer network has agreed to handle PIN-secured debit card transactions processed by ATM Direct, a unit of San Francisco-based Pay By Touch Inc. The network, which is based in …

  • 2 June

    Swiped Laptops Now a Threat in Data Breaches Plaguing Payments

    The drumbeat of data-breach disclosures continued Friday with the news that information linked to about 65,000 individuals?including credit and debit card data–were exposed when a burglar broke into a locked office in a YMCA facility in Providence, R.I., last week and stole a laptop containing the sensitive member information. According …

  • 1 June

    How Endpoint Exchange Is Riding the Rising Image-Exchange Wave

    At a time when image exchanges are reporting dramatic jumps in volume but are struggling to get members to receive as well as send check images, Endpoint Exchange in Oklahoma City is reporting double-digit monthly growth rates as well as a base of 3,000 receiving financial institutions. “The name of …

May, 2006

  • 31 May

    The Fed Unveils More Check Closures As Volumes Continue to Drop

    With electronic payments continuing to eat into paper check volumes, the Federal Reserve Banks announced on Wednesday another in what has become a series of closures of check-processing facilities. Some time next year or in the first six months of 2008, the Fed will shut down check processing in San …

  • 31 May

    Report: M-Gaming Will Top $3 Billion in North America by 2011

    Mobile gambling, which doesn't now exist as a market in North America, will grow to $3.34 billion in revenue by 2011, accounting for 14% of a $23.2 billion world market, according to research released this week. Driving this growth, says Juniper Research Ltd., which published the research, are the rapid …

  • 30 May

    National City Begins Selling ‘Non-Personalized’ Visa Travel Card

    National City Corp., Cleveland, has begun selling a so-called non-personalized version of Visa USA's TravelMoney prepaid card, which replaces traveler's checks. National City, which is the sole major bank issuing either personalized or non-personalized versions of Visa's plastic for travelers, is offering instant issue of the new card, embossed with …

  • 30 May

    Yahoo!’s New Pact with eBay Promises More Payments for PayPal

    A multi-faceted marketing partnership between giant Internet portal Yahoo! Inc. and PayPal Inc., announced last week, seems likely to drive a significant flow of transaction volume to online auction provider eBay Inc.'s payment service. According to Nielsen//NetRatings, Sunnyvale, Calif.-based Yahoo! is the No. 2 parent company in terms of visited …

  • 26 May

    An ACH-Image Proposal for Checks Roils Banks And Networks

    A proposal to merge electronic check images with automated clearing house records, which first came to the fore at an industry trade show earlier this month, could become a reality?at least in a limited way–relatively soon. Backers of the plan, which include executives with at least two of the nation's …

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