Debit cards continue to find favor with consumers for point-of-sale purchases, results of the latest annual payments survey by First Data Corp.'s Star electronic funds transfer network shows. And recent security breaches involving PIN-based debit cards don't yet seem to have dented PIN debit's popularity. According to Star's 2005/2006 Consumer …

Wireless provider Virgin Mobile USA LLC on Monday introduced a reloadable prepaid card that will allow its 4 million mostly young subscribers to pay for goods and services at stores and on the Web, pay bills, and send cash to one another. The card, a Visa-branded product Virgin calls the …

A major deadline set by MasterCard Worldwide to enhance the security of transactions originating at wireless and Internet Protocol point-of-sale payment terminals is approaching, but some in the industry say many firms that could be affected aren't paying attention. On Sept. 1, Purchase, N.Y.-based MasterCard will require that newly-installed wireless …

Merchants and other businesses that accept checks are adopting electronic truncation?also known as remote deposit capture?so quickly that one expert observer expects the number of installed systems to more than double next year. Indeed, says Bob Meara, a senior analyst at Boston-based researcher Celent LLC, demand for remote capture is …

Relying in part on its recently completed acquisition of Princeton eCom Corp., Online Resources Corp., Chantilly, Va., plans to roll out a real-time expedited payments service for its banking-client base by the first quarter of next year, Matthew P. Lawlor, chief executive of the company, tells Digital Transactions News. The …

Brick-and-mortar merchants?and restaurants in particular?pose the biggest risk when it comes to card-data compromises, while point-of-sale systems based on personal computers as well as those hooked up to broadband connections are at significantly greater risk. That's according to new data released by AmbironTrustWave, a Chicago-based company that performs security audits …

First Data Corp. announced Tuesday that it would process the merchant portfolio affiliated with Puerto Rico-based banking company Popular Inc.'s Banco Popular North America unit. The portfolio provides card-processing services for an undisclosed number of BPNA's 50,000 small-business customers in the United States. Banco Popular had outsourced the file to …

Growth in transaction volume slowed at online payment processor PayPal Inc. in the second quarter, with total transactions for the period reaching 143.3 million, up 27% from the year-ago quarter, according to data released last week by eBay Inc., PayPal's San Jose, Calif.-based parent company. That compares with year-over-year growth …

Direct charges to subscribers' bills and credit and debit cards will account for the bulk of mobile payments in five years, with today's preferred method, short-message-service (SMS) payments, dropping to a minority of transactions, a survey released this week indicates. Only 6% of respondents to the survey, attendees at a …

Large merchants whose card transactions are chiefly derived from physical stores, rather than the Internet, will now face stricter requirements for proving compliance with the Payment Card Industry data-security standard, according to an expert observer. With Visa USA this week introducing a revision of the volume bands by which it …