The merchants that last week filed a class-action antitrust suit against major banks and the bank card associations seek more than to collect damages for what they regard as anticompetitive behavior. Indeed, according to the lead attorney representing them, they hope their case will lead to sweeping reform of the …

Retail Decisions PLC says the U.S. Patent and Trademark Office has issued what it calls a “preliminary decision” that supports ReD's position in a patent dispute between the company and Mountain View, Calif.-based CyberSource Corp. U.K.-based ReD includes its U.S. unit, Retail Decisions U.S.A., Hazlet, N.J. The USPTO statement, which …

PayPal Inc.'s new payment technology for small and medium-sized merchants, introduced last week (Digital Transactions News, June 20), is aimed at boosting the online payment processor's market share with these merchants both on auction sites and through their own Web sites, PayPal executives say. The San Jose, Calif.-based company, a …

Declaring the need for litigation to bring credit card interchange rates under control, five small merchants today filed a class-action antitrust suit against Visa, MasterCard, and at least seven major banks. The suit, filed in the U.S. District Court for the District of Connecticut, alleges the banks and their card …

United Bank Card Inc. is introducing two new weekly-payout bonus programs for independent sales organizations and increasing payment frequency on a third incentive program to weekly, as well. The Hampton, N.J.-based acquiring processor says it has begun paying an incremental $30 to $40 to ISOs and sales agents for each …

The steady drumbeat of card-data breaches is a major factor causing rising anxiety among consumers who use the Internet for shopping and other financial transactions, the Conference Board reported today. In a quarterly survey of 10,000 households sponsored by the New York-based business organization, 13% of all online consumers say …

PIN-less debit may be gathering momentum for online bill payments, but not all potential billers are convinced they should offer the payment method, which depends on the same networks that switch PIN-based debit transactions at the point of sale and at ATMs. Because it carries lower acceptance costs than credit …

The major breach of credit card account data revealed over the weekend, the latest in a string of such incidents over the past six months, may lead to tougher enforcement of data-security standards by the card companies, experts say. The breach, which exposed cardholder names, account numbers, and card verification …

In a move that furthers its strategy to expand payment processing beyond auction activity, PayPal Inc. is rolling out a new transaction tool designed to allow small and medium-size Web-based merchants to accept all forms of payment entirely through PayPal, apparently eliminating the need for gateways or other third-party processors. …

The introduction in Canada of a bank-sponsored commercial payment service allowing consumers to buy goods from e-commerce merchants with their PIN debit cards is sparking widespread interest among retailers, according to Moneris Solutions Corp., the first processor to handle transactions for Interac Online. Moneris has been processing Interac Online payments …