In a development that could lead to the first significant use of PIN debit for Internet transactions, the ACCEL/Exchange electronic funds transfer network has agreed to handle PIN-secured debit card transactions processed by ATM Direct, a unit of San Francisco-based Pay By Touch Inc. The network, which is based in …

The drumbeat of data-breach disclosures continued Friday with the news that information linked to about 65,000 individuals?including credit and debit card data–were exposed when a burglar broke into a locked office in a YMCA facility in Providence, R.I., last week and stole a laptop containing the sensitive member information. According …

At a time when image exchanges are reporting dramatic jumps in volume but are struggling to get members to receive as well as send check images, Endpoint Exchange in Oklahoma City is reporting double-digit monthly growth rates as well as a base of 3,000 receiving financial institutions. “The name of …

With electronic payments continuing to eat into paper check volumes, the Federal Reserve Banks announced on Wednesday another in what has become a series of closures of check-processing facilities. Some time next year or in the first six months of 2008, the Fed will shut down check processing in San …

Mobile gambling, which doesn't now exist as a market in North America, will grow to $3.34 billion in revenue by 2011, accounting for 14% of a $23.2 billion world market, according to research released this week. Driving this growth, says Juniper Research Ltd., which published the research, are the rapid …

A multi-faceted marketing partnership between giant Internet portal Yahoo! Inc. and PayPal Inc., announced last week, seems likely to drive a significant flow of transaction volume to online auction provider eBay Inc.'s payment service. According to Nielsen//NetRatings, Sunnyvale, Calif.-based Yahoo! is the No. 2 parent company in terms of visited …

National City Corp., Cleveland, has begun selling a so-called non-personalized version of Visa USA's TravelMoney prepaid card, which replaces traveler's checks. National City, which is the sole major bank issuing either personalized or non-personalized versions of Visa's plastic for travelers, is offering instant issue of the new card, embossed with …

A proposal to merge electronic check images with automated clearing house records, which first came to the fore at an industry trade show earlier this month, could become a reality?at least in a limited way–relatively soon. Backers of the plan, which include executives with at least two of the nation's …

The number of unique Web sites hosting phishing attacks, a figure that has been increasing sharply in recent months, took another huge upturn in April, according to the latest statistics from the Anti-Phishing Working Group. The population of such sites jumped 15% last month, to 11,121, the APWG's April report, …

Seeking to broaden its reach as it rolls out to merchants nationally, Vayusa Inc. has begun to recruit independent sales organizations to sell its MobileLime cell-phone-based loyalty and rewards system. MobileLime, which earlier this year signed its first merchant outside the Northeast, this week announced Vision Payments Solutions LLC, a …