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Visa Report: Early Holiday Spending Drives Big Jumps in Transactions
Nov. 23, 2004 - With a month to go until Christmas, holiday spending by consumers is driving double-digit increases in electronic transactions, according to the latest report from Visa USA, which is tracking spending...
Phishing Sites Multiply, Taking a Toll on Online Transaction Potential
Nov. 22, 2004 - Recent survey statistics document a continuing rise in both phishing sites and attacks, and underline the toll such security problems are taking on consumer confidence when conducting online transacti...
AmEx's Big Lawsuit: A Power Play Through the Banks?
Nov. 19, 2004 - American Express Co. Inc.'s decision to include eight banks as defendants in the lawsuit it filed earlier this week against Visa USA Inc. and MasterCard International Inc. may be a power play to weake...
United Bank Card Bids for Fast Growth Through a Terminal Giveaway
Nov. 19, 2004 - In a bid to accelerate growth in its merchant base and in its transaction volumes, United Bank Card Inc. says it will give card terminals, check readers, and signature-capture devices free to merchant...
Equifax Touts a 'Secret Question' Test for Online Authentication
Nov. 18, 2004 - With concern mounting about the adequacy of commonly used authentication technologies in online transactions, a technique devised by a major credit-reporting agency to secure the sale of consumer cred...
Discover's Aims in Signature Debit Lie Behind Its Pulse Deal
Nov. 16, 2004 - Discover Financial Service's Inc.'s proposed acquisition of the Pulse EFT network, announced yesterday (Digital Transactions News, Nov. 15), hands the Riverwoods, Ill.-based card company instant credi...
Discover Buys Pulse for $311 Million, Gains Major PIN Debit Position
Nov. 15, 2004 - In an announcement with far-reaching implications for the electronic payments business, Discover Financial Services Inc. announced today it is buying the Houston-based Pulse EFT Association for $311 m...
Valista Breaks into U.S. Web Payments with AOL Premium Content Deal
Nov. 15, 2004 - America Online Inc. will begin offering packages of premium content on its Internet service through new software from Valista Ltd., an Ireland-based payment software company, the companies announced t...
VeriFone Teams with McAfee to Offer POS Anti-Virus Software
Nov. 11, 2004 - Responding to a year that has seen a steady barrage of viruses, worms, trojans, and other malicious computer attacks, VeriFone Inc. and McAfee Inc. announced today they will offer the first anti-virus...
Celent: Image Exchange Will Nearly Pull the Plug on Check Conversion
Nov. 10, 2004 - Image exchange will account for 93% of all transit checks by 2010, marginalizing what are now some highly popular forms of electronic check conversion, including the fastest-growing form of e-check, a...
Fraud Losses Have Climbed 37% for Online Merchants, Survey Says
Nov. 10, 2004 - Fraud losses will total $2.6 billion in 2004 for Internet merchants, 37% higher than last year, with smaller merchants suffering the worst fraud. That's according to the sixth annual survey of online ...
Criminals Escalate the Phishing War with an Alarming New Weapon
Nov. 9, 2004 - Up to now, phishing schemes only worked if the fraudsters could entice recipients of their e-mail to visit transaction sites tricked up to look like the real thing, such as a fake eBay site or spoofed...
Visa Cuts Interchange for Utilities That Forgo Surcharges
Nov. 9, 2004 - Hoping to increase its penetration in consumer bill payments to gas, electricity, and other utility companies, Visa USA today rolled out incentives for utilities to accept its cards and to encourage m...
VeriSign Expects Its New Seal to Spread Rapidly on E-Commerce Sites
Nov. 5, 2004 - VeriSign Inc. says heavy promotion it's putting behind its new trust mark for e-commerce will drive the number of payment-gateway client sites displaying the mark from 40,000 currently to more than 70...
Image Exchanges Look to Volume Jumps Now That Check 21 Is Law
Nov. 4, 2004 - 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, h...
Visa's New Debit Rates Help Interlink But Could Anger Merchants
Nov. 3, 2004 - 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 competin...
VeriSign Rolls out a New Trust Mark to Bolster Consumer Confidence
Nov. 2, 2004 - 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 Sea...
MasterCard Reports 3Q U.S. Purchase Volume Growth of Almost 8%
Nov. 1, 2004 - 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 ...
3Q ACH Volume Hits 2 Billion But E-Check Growth Cools off
Oct. 28, 2004 - 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 A...
How Metavante Plans to Leverage Its VECTORsgi Deal And Check 21
Oct. 28, 2004 - 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 dis...

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