Thursday , March 28, 2024

Search Results for: POS system

Banks, Processors Struggle with Proposed Regs for Web Gambling

Nearly 18 months after President Bush signed into law the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA), regulators are still struggling to come up with rules to guide financial institutions and payment processors in blocking payments to online gaming sites. And if comments from the financial industry are any …

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With Alogent, Goldleaf Steps onto the Remote-Deposit Escalator

Brentwood, Tenn.-based Goldleaf Financial Solutions Inc., a technology-services provider for 2,800 community financial institutions, on Thursday took a big leap into the fast-growing niche of remote deposit capture by announcing its $42.5 million acquisition of Alogent Corp., a prominent purveyor of remote-deposit software. Until now, Goldleaf's core business has been …

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Pay By Touch Melodrama Includes Board Fight and Possible Bankruptcy

Biometrics payment technology provider Pay By Touch reaped a bushel of favorable publicity last week when it launched its fingerprint-based system at 10 Chicago-area Shell stations in the company's first petroleum-sector rollout. What went unmentioned, however, was that Pay By Touch's parent company was entangled in court fights on the …

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Upon Further Review, Accounts Exposed in TJX Breach Double

Sources reached by Digital Transactions News aren't surprised at the news that the number of credit and debit card accounts affected in the TJX Cos. breach has doubled, as disclosed by court filings and reported this week by The Boston Globe. Although the off-price retailing chain reported in March that …

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With a Grip on Costs, TSYS Continues Its Post-BofA Recovery

Bolstered by cost controls and its growing international business, payment processor Total System Services Inc. (TSYS) on Monday reported profits rose nearly 27% on a revenue increase of not quite 4%. TSYS also said operating margins are up more than 3 percentage points this year to 25.6%. Columbus, Ga.-based TSYS …

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Early Signs Are Positive for Amtrak’s Wireless POS Devices

Wireless card-payment devices deployed systemwide this spring by Amtrak to sell food and beverage items are making a favorable impression on passengers and boosting sales while cutting chargebacks, an executive with the national railroad says. Amtrak is now planning to start using wireless terminals to sell tickets on trains, adds …

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Moneris Restores Service After ‘Glitch’ Cuts off POS Traffic in Canada

While American consumers were flocking to the stores on Friday and whipping out their credit and debit cards for payment, their Canadian counterparts were forced to find cash, their checkbooks, or to come back later because the network of the nation's largest merchant acquirer went down for two and a …

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AmEx, Metavante Undergird Cigna System for Medical Payments

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 …

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CheckFree Leverages Existing POS Gear for Walk-in Bill Payments

Looking to bolster its business with retailers, Atlanta-based CheckFree Corp. this week unveiled its CheckFreePay Link service aimed at helping stores draw more walk-in traffic by offering bill-payment services for local utilities and other billers. CheckFree Pay's existing CheckFreePay network has 11,000 agent sites located in check-cashing outlets, grocery stores, …

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