Retail sales are slumping and stores are closing, but the online retailing channel?and thereby online payment transaction volumes?will come through relatively unscathed, according to a new report from Javelin Strategy and Research. Javelin's latest online retail payments forecast predicts Internet retail purchases will total $148 billion this year, up 10.4% …

North American Bancard, one of the nation's biggest independent sales organizations, has established a new division it hopes will help merchants navigate tricky technological waters beyond payment processing, thereby increasing merchant loyalty. Troy, Mich.-based North American says the purpose of its new Alliance Division is to forge relationships with software …

MoneyGram International Inc.'s deal with Cardtronics Inc. to process remittances and bill payments on more than 2,000 sophisticated kiosks Cardtronics operates in 7-Eleven Inc. convenience stores may extend MoneyGram's reach, but at least one observer questions whether the service will get the traffic the Minneapolis-based money-transfer company is expecting. “I …

The electronic-payments industry can expect the well-established consumer shift away from credit cards and toward debit and prepaid cards to continue in today's turbulent economic climate, but other changes are afoot as the financial landscape rapidly changes, according to Maynard, Mass-based Mercator Advisory Group Inc. Some of the most significant …

With its $50-million acquisition of Sunnyvale, Calif.-based software house Infonox Inc., TSYS Inc. has become one of a handful of transaction processors that are in the early stages of overhauling and upgrading their acquiring operations to support what many experts view as a coming explosion of volume as new payment …

The rapid deployment of remote deposit capture technology has not been without some hassles and roadblocks, according to US Dataworks Inc., a Sugar Land, Texas-based processor that says it has developed a solution that solves at least some of those problems and paves the way for even more rapid penetration …

A slumping economy appears to have been what scuttled First Data Corp.’s deal to buy prepaid card program manager InComm Corp. The agreement, announced in April (Digital Transactions News, April 29), involved transaction-processing giant First Data acquiring Atlanta-based InComm for $980 million, with a further payout of $250 million over …

Recent U.S Department of Justice demands for documentation about the payment card networks' acceptance rules have the merchant-acquiring industry wondering if the networks are in for another confrontation with antitrust authorities. If so, the issue will involve how much freedom card-accepting merchants should have to seek other forms of payment …

Like the other payment card networks that recently reported their quarterly financials, MasterCard Inc. saw softening volumes in the third quarter. Things worsened in October but, like bank card rival Visa Inc., MasterCard's debit business is holding up much better than credit in what MasterCard president and chief executive Robert …

Banking giant JPMorgan Chase & Co. and processor First Data Corp. said on Monday they have completed the previously announced split-up of their joint venture called Chase Paymentech Solutions, the world's largest merchant acquirer. The bank-owned Chase Paymentech will focus on alternative payments and geographic expansion with its 51% share …