PayPal, the online payment service of Internet auctioneer eBay Inc., has taken two more steps in its effort to diversify its transaction base beyond the eBay fold. This week it announced it would use IP Commerce Inc. technology to enable small businesses to easily send invoices and receive payment through …

The recent surge of interest by banks in allowing customers to view accounts, pay bills, and perform other functions via mobile phones is paving the way for mobile payments to merchants at the point of sale, according to a new research report. In particular, the report argues, mobile banking will …

The process that led to Metavante Corp.'s pending spin-off from Milwaukee-based bank-holding company Marshall & Ilsley Corp. started two years ago as the payment processor sought ways to continue making acquisitions, according to a registration statement M&I filed this week with the Securities and Exchange Commission. The filing?775 pages in …

MODASolutions Inc. which has been marketing an online-payment system called SECURE-eBill for more than two years, has renamed the service and introduced its first buyer-protection policy to cover instances of delayed or damaged goods, as well as non-delivery. The new policy comes as online retailers seek alternatives to bank-issued credit …

The proposed $29 billion buy-out of leading payment processor First Data Corp. by private-equity firm Kohlberg Kravis Roberts & Co. cleared another hurdle on Tuesday when First Data reported that its 50-day “go-shop” period had ended without netting any competing bids.n n In announcing the buyout in early April, First …

Consumers are more loyal to the form of payment they prefer than they are to any particular retail brand, a situation that could work to the benefit of card issuers and processors but also merchants, a retail consultant says. In a survey cited by Gary Charboneau, president of Wakefield, R.I.-based …

Private-equity financing continued to make itself felt this week in the transaction-processing business, with Blackstone Capital Partners VLP's $7.8 billion bid for Alliance Data Systems Corp. and GTCR Golder Rauner LLC's decision to sell TransFirst LLC to an even bigger investment house, Welsh, Carson, Anderson, & Stowe, for $683 million. …

With an eye on increasing customer traffic but also on lowering payment-card acceptance costs, several retailers are readying PIN-based loyalty programs built on processor First Data Corp.'s new ConnectPay platform that lets customers pay without presenting a card or writing a check. ConnectPay's pilot retailer is Quincy, Mass.-based Stop & …

In the battle against the online fraud known as phishing, March brought a mix of good news and bad, with dramatic drops in malicious software offset by a steep rise in targeted brands, according to the latest report from an organization that tracks the fraud. Separately, the U.S. Commerce Department …

Two milestones announced this week indicate the rapidly growing adoption of image exchange for check processing. SVPCO, which handles paper checks and runs an image exchange network as part of the New York-based The Clearing House Payments Co. LLC, announced on Tuesday that imaged items exceeded paper checks in both …