Transaction Processing

E-commerce sites held up well under an onslaught of shoppers on what has become known as Cyber Monday, widely considered one of the heaviest traffic days of the year for Internet retailers, says Keynote Systems Inc. Keynote, which measures Web site performance, said Monday the more than 30 sites it …

Seeking to take some of the complexity out of medical payments and at the same time increase transaction volume, American Express Co. and processor Metavante Corp. have teamed up with insurance giant Cigna Corp. for a planned 2007 rollout of a system they claim will let patients know how much …

In the latest of its so-called Data Security Alerts aimed at strengthening merchant payment card security, Visa USA is putting the spotlight on point-of-sale systems that provide electronic on-ramps for fraudsters. In particular, Visa wants merchants to remedy the vulnerabilities of what it calls “improperly segmented network environments.” Merchants can …

Checks cleared as electronic images continue to account for an increasing share of all image-based check traffic, even as an industry group works to hammer out a new system to accelerate the conversion to all-electronic check processing. Indeed, The Image Payments Network, an image-exchange network operated by The Clearing House …

A banking group that is exploring how to merge electronic image exchange with the automated clearing house network expects to distribute a survey on Tuesday to financial institutions seeking to find out what their plans are for image exchange and what barriers are slowing down their movement toward receiving and …

Fresh on the heels of a payment-processing initiative and a new branding campaign, the new chief executive of prepaid and fleet card specialist Comdata Corp.'s parent company told investors on Thursday that Comdata is in the acquisitions market. “The Comdata business is posting strong results driven by a proven, effective …

PayPal Inc. 2-year-old campaign to diversify its transaction-processing business beyond the online auction marketplace of its parent, eBay Inc., is starting to show results. Some 37% of the processor's payment volume in the three months ended Sept. 30 came from merchants outside of eBay, up from 32% in the year-earlier …

First Data Corp. chairman and chief executive Henry C. “Ric” Duques on Tuesday painted a rosy picture of the downsized card processor during his first earnings conference call since the recent spin-off of First Data's largest division, remittance kingpin Western Union Co. Greenwood Village, Colo.-based First Data posted net income …

Qpass Inc., whose software handles mobile-commerce transactions for wireless networks, processed almost $500 million in digital-content sales, up 50% over the like period in 2005, according to Amdocs Inc., Qpass's parent company. Transaction volume grew at an average quarterly rate of 12% in the period, Amdocs said. The St. Louis-based …

Pay By Touch Inc., which on Monday introduced a new, personal-computer-based authentication service based on fingerprint identification, plans to couple the new service with online payments and loyalty programs some time in the first half of 2007. The new product, called TrueMe, relies on the San Francisco company's technology, along …