Saturday , November 30, 2024

Digital Transactions News staff

San Francisco NFC Pilot Tests Rewards As Well As Payments

A test of contactless payment via mobile phones, launched this week in San Francisco, relies on near-field communication (NFC) technology not only to handle transactions but also to manage consumer rewards. It differs from past NFC pilots in the U.S. in another way: It doesn't rely on either the MasterCard …

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Javien Finds Growth Where Others Failed?in Micropayments

While processors continue to struggle with the economics of micropayments, Javien Digital Payment Solutions Inc. may have found a way to make the tricky payments work. The McLean, Va.-based processor, which this week introduced a payments gateway to go along with a payment-processing platform it offers primarily to sellers of …

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Blackstone’s Alliance Data Deal Could Be Latest Victim of Credit Crunch

The already-delayed $7.8 billion buyout of Alliance Data Systems Corp. by private-equity firm The Blackstone Group may not be consummated, the Dallas-based payment processor disclosed on Monday. The news sent Alliance Data's shares down 34% and fueled speculation that the deal announced last May 17 would become the latest victim …

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MasterCard Streamlines OTA for Its Spokane M-Payments Pilot

With its latest pilot for near-field communication (NFC) technology, which was announced on Monday and got under way last Thursday with select U.S. Bancorp credit card holders in Spokane, Wash., MasterCard Worldwide is testing a streamlined version of handset personalization it hopes will make it easier for consumers to adopt …

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Growth at Spin-offs TSYS, Metavante, But Not All Is Rosy

Newly independent of their founding bank owners, payment card processors Total System Services Inc. (TSYS) and Metavante Technologies Inc. weighed in this week with their fourth-quarter financials. The numbers by and large showed growth after a thicket of one-time spin-off and other expenses is cleared away, but both companies have …

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Banks Face an ISO Challenge in Remote Capture for Health Care

Banks and processors looking for a way in to the potentially lucrative market for health-care payments could do worse than to cultivate that market for remote deposit capture, says an expert in electronic check processing. But while hospitals and clinics represent a wide-open opportunity for banks, it's not one that …

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Merchant Signings Help Fuel Fourth-Quarter Gains for PayPal

E-commerce sales increases outpaced those at brick-and-mortar merchants during the 2007 holiday shopping season (Digital Transactions News, Jan. 14), and that strong growth along with the recruitment of new online merchants gave a fourth-quarter lift to Internet transaction processor PayPal Inc. The San Jose, Calif.-based company handled 203.9 million transactions …

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Nova’s Deal for Southern DataComm Gives It a Hospitality Gateway

U.S. Bancorp's Nova Information Services Inc. merchant-acquiring subsidiary is diving headfirst into the increasingly competitive payment-gateway business with its pending acquisition of Southern DataComm Inc., a gateway with a big presence in the hospitality sector. Largo, Fla.-based Southern DataComm handles an estimated $50 billion-plus in annualized payment volume, according to …

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Visa Reports Mid-Sized Merchants Are Making PCI Progress

Merchants accounting for two-thirds of Visa Inc.'s U.S. transaction volume have validated compliance with the Payment Card Industry data-security standard, or PCI, Visa reported on Tuesday. This latest report from Visa comes in the wake of a Dec. 31 deadline for so-called Level 2 merchants?mid-sized merchants that submit 1 million …

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Phishing Sites Proliferate, But Experts Say Help Is on the Way

The population of Web sites dedicated to the crime of phishing jumped markedly in October after dipping late in the summer, according to the latest data from the Anti-Phishing Working Group. The good news, though, is that experts appear to be working out a new way to shut down these …

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