Moneris Solutions, a major acquiring processor in North America, has become the first processor to agree to adopt Peppercoin Inc.'s latest micropayments system. Under an agreement reached this week, Peppercoin will serve as a gateway for transactions performed at both brick-and-mortar and online U.S. merchant locations and sites served by …
Read More »Authorize.net Says It Has DDOS Attack Under Control
Authorize.net, which has been the victim of a series of denial-of-service attacks since Sept. 15, says today it has implemented unspecified “industry-leading solutions” that are thwarting the assaults on its data centers, which process card transactions for more than 100,000 merchants. It also says its engineers from the start of …
Read More »How Livewire Plans to Use ATMs to Expand Its Network 10-Fold
Livewire International Inc., a York, Pa.-based software company with about 100 kiosks and other devices on its network selling items like ski-lift tickets, has teamed up with at least one ATM manufacturer and plans to make agreements with several more to sell tickets through ATMs in supermarkets and convenience stores. …
Read More »ReD, I4 Commerce Sign up Finish Line, Petco for Online Payments
Retail Decisions Inc. and I4Commerce Inc. have both signed on new Internet merchants for e-commerce transaction processing. Indianapolis-based Finish Line Inc., which operates 560 stores selling athletic wear in 46 states, has signed on for ReD's ebitGuard online fraud detection service to screen for fraud on its Web site. Kent …
Read More »EFunds Bails out of ATM Deployment, Continuing an Industry Trend
The parade of major ATM deployers out of the business of owning and managing ATM networks continues with the announcement that eFunds Corp., Scottsdale, Ariz., is selling its fleet of 17,200 machines, which are under merchant contracts in the U.S. and Canada, to Portland, Ore.-based TRM Corp. for $150 million …
Read More »Tranax Aims at a Year-End Debut for Its ‘Self-Service Terminal’
Responding to increasing demand from the independent sales organizations that distribute its ATMs, Fremont, Calif.-based Tranax Technologies Inc. is planning to introduce a low-end multifunction machine toward the end of the year that will combine conventional cash dispensing with typical kiosk functions like ticket and gift-card sales and check cashing …
Read More »Canada’s First Debit Fraud Estimate Pegs Losses at $44 Million
Debit card fraud in Canada last year amounted to $44 million ($34 million U.S.), which criminals drained from some 27,000 accounts, according to data recently compiled by Interac, the national electronic funds transfer network. The study represents the first attempt in Canada to measure fraud losses sustained by holders of …
Read More »MasterCard Pushes SecureCode to Beat the Holiday Rush
MasterCard International expects to bring thousands of new Internet merchants into its SecureCode transaction security program by the middle of next month. The new merchant signings will result from a major push the card network is making for SecureCode among large, well-know online retailers as well as among Web hosting …
Read More »BofA Hands FDC a Major Win, But Leaves Some Key Points Vague
First Data Corp.'s letter of intent with Bank of America Corp., which includes processing services from FDC for BofA ATMs as well as for debit card transactions secured by personal identification numbers, amounts to a big win for the Denver-based processor after a string of stinging losses, observers say. “Obviously, …
Read More »iPayment Buys Transaction Solutions, Adds 4,000 Merchants
Nashville-based iPayment Inc., a publicly held independent sales organization that has executed a string of acquisitions over the past two years in the rapidly consolidating acquiring market, today announced its acquisition of Transaction Solutions LLC, a Pittsburgh-based ISO serving 4,000 small merchants with $500 million in annual card volume. No …
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