Sunday , November 24, 2024

Digital Transactions News staff

Older Operating System Lingers, Holds Back ATM Services, Study Says

Banks aiming to improve customer service should accelerate their move away from old ATMs and the IBM operating system that ran them for years, according to conclusions in a new Aite Group LLC study of banks' ATM channels. While the transition from IBM Corp.'s old OS/2 operating system to Microsoft …

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Merchant And ISO Austerity Leads to Tough Quarter at VeriFone

Merchants and independent sales organizations just aren't in a buying mood, and that's hurting the top line of the largest U.S.-based point-of-sale terminal maker, VeriFone Holdings Inc. San Jose, Calif.-based VeriFone late Tuesday reported that revenues for its fiscal 2009 second quarter ended April 30 fell 13.5% to $201.6 million …

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New Research Shows Optimism About Mobile Banking And Payments

Spurred by the increasing popularity of smart phones and a strong push by financial institutions, the number of Americans actively using mobile-banking services could grow to 53.1 million by 2013, an increase of 431% from an estimated 10 million today. That's the prediction from research firm TowerGroup Inc., which this …

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Stats Show Bill Payments Remain the Star of E-Checks on the ACH

Internet bill payments were the lone stars of electronic checks in the first quarter, a quarter that saw volumes on all other e-check applications either decline or barely rise from fourth-quarter 2008 levels. Most e-check codes also declined on a year-over-year basis, according to the latest automated clearing house volume …

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Four Years Later, a Lawsuit Springs from CardSystems Breach

Four years later, the fallout from the notorious CardSystems Solutions Inc. data breach?at the time the biggest hacking of payment card data ever?surfaced last week and looks like it could go on for months or even years. Merchant acquirer Merrick Bank Corp. is suing Savvis Inc., the company that inspected …

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Kansas City Fed Chief Espouses ACH for Debit Card Processing

The Federal Reserve Banks should adapt the automated clearing house network to compete directly with private-sector networks for debit card processing, the head of the Federal Reserve Bank of Kansas City said this week. “The Federal Reserve could enhance competition in payment card markets by positioning ACH services as an …

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How Walk-in Bill Pay, Prepaid Cards Could Win over Check Cashers

Contrary to some perceptions, there is no wall separating the customer bases of banks and check-cashing stores. Many consumers patronize both financial entities. And, according to a new report from Aite Group LLC, banks could win more business from consumers who heavily patronize check-cashing stores by adding walk-in bill-payment services …

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UpClick Touts Free Processing In Return for Cross-Sell Offers

The battle to win over online merchants with low transaction fees intensified on Tuesday with the introduction by a Montreal-based startup of a payment platform that offers free processing for orders up to $40. UpClick, which started operations about 18 months ago, has more than a dozen software publishers using …

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Instant Issuance Comes to Stickers, Fobs, And NFC Phones

In anticipation of rising demand for contactless form factors other than credit and debit cards, Dynamic Card Solutions LLC this week introduced a product that allows bank branches to personalize key fobs, contactless stickers, and NFC-equipped cell phones on the spot. The product, called Perso-to-Go, complements an existing system the …

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Eye on Mobile Payments: Intuit, Bango Launch Card Services

Intuit Inc. on Thursday entered the race to sign up plumbers, carpet cleaners, delivery people, and other small on-the-go merchants for card acceptance. The Mountain View, Calif.-based vendor of the popular QuickBooks accounting program rolled out a product, called GoPayment, that works on mobile phones but doesn't require other hardware, …

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