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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 »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 »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 »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 …
Read More »An Interchange Tussle with a Twist: Retailers Against Zero Pricing
The Reserve Bank of Australia is likely to mandate zero interchange for debit card transactions at the point of sale linked to personal identification numbers in that country, according to a report in The Age, an Australian news service. This action if taken would follow the Australian central bank's decision …
Read More »America West Becomes First Airline to Adopt Bill Me Later
America West Airlines, a unit of America West Holdings Corp., has become the first airline to adopt I4 Commerce Inc.'s Bill Me Later Internet payment system. To encourage usage of the new payment option, the Phoenix-based air carrier is offering deferred billing for 90 days or more to qualified customers, …
Read More »Way Systems Heats up the Market for Wireless Transactions
The market for wireless point-of-sale credit and debit card transactions is about to heat up. Founded in 2002, Boston-based Way Systems Inc. is introducing a point-to-point processing system that includes mobile phones equipped with card swipes, security and transaction programming, and keypads for personal identification numbers. The swipe, keypad, and …
Read More »Kryptosima Banks on a New Network, New Money, and ISOs
A Hampton, Ga.-based processor that has tried for four years to bring to market a system to enable on the Internet debit card transactions linked to personal identification numbers may be close to signing an additional network for access to PIN debit accounts. Kryptosima, a unit of InstaPay Systems Inc., …
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