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JPMorgan Chase & Co. has installed contactless payment technology in the cobranded Visa credit card it issues with United Airlines Inc. The new card, said to be the first airline loyalty card to feature the technology, is part of an ongoing launch the bank has conducted since May of cards …

Reino Enforcement Technology on Wednesday will begin processing parking fees on 15 meters in downtown Las Vegas through Peppercoin Inc.'s micropayment platform. The meters, which control 150 parking spaces in the city's business district, allow drivers to charge initial parking fees, as well as additional time, to credit and debit …

Point-of-sale terminal maker VeriFone Holdings Inc., which early this year led a long-awaited and closely watched initial public offering, reports its net income for the quarter ended July 31 reached $6.5 million, under generally accepted accounting principles. This represents a swing to a profit from the $2.9 million loss the …

A top official for a trade association representing half of the gas-station operators in Colorado has written to Congress asking for regulation of credit card interchange fees. In a letter dated Aug. 15 and printed in today's online edition of the Rocky Mountain News, Roy A. Turner, executive vice president …

Electronic bill-payment processor Online Resources Corp. plans to have three PIN-less debit pilots live by year's end, says Matthew P. Lawlor, chief executive of the Chantilly, Va.-based company. He sees high potential for the product in the stored-value and debt-collections markets, and hints the pilots will be aimed at these …

Citigroup Inc. plans to roll out 2.5 million key fobs for contactless debit card payment following a launch of the technology this fall in the New York area, the banking giant announced today. The so-called tap-and-go transaction devices will fit on consumer's keychains, and will be based on MasterCard International's …

Online Resource Corp. next month will begin a pilot of an online merchant database it hopes will allow issuers to resolve consumer questions regarding card payments, stopping them from becoming expensive retrieval requests and chargebacks. The new service will be tried out with an unnamed top-five debit card issuer, the …

In a sign that independent sales organizations specializing in e-commerce are achieving a higher profile, e-onlinedata said today it has signed up its 2,500th reseller. It also estimates it will pay out more than $1.5 million in bonuses and residuals over the next year. Resellers for e-onlinedata, which is itself …

A small, privately held company based in the outskirts of Chicago figures it has the platform on which mobile payments will take off in the U.S., a market that up to now has not been favorable for handheld-based transactions. By the end of the year, C-Sam Inc. plans to have …

Consumers are willing to engage in more e-commerce if banks, auction sites, and other Web-based service providers offer strong authentication, particularly that based on hardware devices, to protect against fraud, a survey shows. Almost half of consumers surveyed said they would be more or much more likely to switch to …

New York-based SVPCO, architect of an image-exchange network serving some of the nation's largest banks, this week switched on a new service that allows users of its network to clear check images automatically. The new automated settlement function, which comes about a year after the network began flowing images, effectively …

Concerns about fraud losses owing to the rapidly growing phishing trend may be overblown, at least when it comes to PIN debit at ATMs and the point of sale, according to new research from TowerGroup, a Needham, Mass.-based research firm owned by MasterCard International. While the number of reported phishing …

A Seattle-based startup that has been quietly testing a contactless payment system intended to be branded and controlled by merchants is now marketing the system as a way for retailers to control rising card-acceptance costs. Accelitec Inc. says its PayPilot system, which includes token dispensers, tokens equipped with chip-and-transmitter inlays, …

JPMorgan Chase & Co. will merge its two acquiring entities, Paymentech L.P. and Chase Merchant Services L.L.C., in a reorganization to be announced soon, sources tell Digital Transactions News. Details of the deal are sketchy at best, but at least one source familiar with the matter says the merger will …

Automated risk-scoring systems are starting to assume a higher profile among online merchants as they struggle to control transaction-fraud losses, rejection of valid orders on suspicion of fraud, and the costs of manual order review. David A. Glaser, director of professional services at CyberSource Corp., a Mountain View, Calif.-based transaction-processing …

In testimony today before a committee of the Australian house of representatives, the governor of the Reserve Bank of Australia stoutly defended the RBA's action last year to regulate credit card interchange rates in that country, claiming it has saved merchants some $447 million (US) in the past year and …

The booming business in gift and other stored-value cards, which represent an increasing share of sales for merchants of all sizes, is beginning to have an ominous side effect for online merchants: a hike in bad debt. The prepaid plastic, which carries a fixed value in cash and can benefit …

Citigroup Inc.'s decision to bail out of the merchant-acquiring business, which was announced yesterday, could benefit both the banking kingpin and the buyer of the 15,000-location portfolio, processing giant First Data Corp. But Denver-based FDC may emerge as the bigger winner, some observers say, now that Citi has decided to …

A little-known maker of switching software with very well-known clients is counting on a major upgrade in memory horsepower it is helping to pioneer to drive down transaction-processing costs while dramatically boosting the amount of data networks can handle. San Rafael, Calif.-based Kabira Technologies Inc. may not have the immediate …

The electronic delivery of bills to consumers grew 11% in the second quarter at CheckFree Corp., continuing a trend of double-digit growth in e-bill delivery for the Atlanta, Ga.-based bill-payment processor. The company distributed 41 million e-bills in the quarter, up from 36.8 million in the first quarter and 58% …