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Already a force in remote deposit capture and specialty deposit and payment services, privately held BServ Inc.’s BankServ on Tuesday announced that it would acquire a pioneer in the remote capture niche, Zions Bancorporation’s wholly owned NetDeposit LLC subsidiary. The combined operation will serve more than 100,000 business locations and …
Read More »With CertiFlash, Star Is First EFT Network to Offer Contactless
First Data Corp.’s Star Network introduced on Wednesday technology that represents the first effort by a U.S. electronic funds transfer network to adopt contactless transactions. The technology, which Star calls CertiFlash, will use chips embedded in PIN debit cards to communicate with point-of-sale readers and to generate one-time account numbers …
Read More »Deluged with Requests, Fiserv Rolls out a Mobile Capture Service
With the nation’s largest bank processor on board, mobile remote deposit capture seems likely to get a big boost beyond its early-adopter phase of a handful of pioneering financial institutions. Brookfield, Wis.-based Fiserv Inc. on Wednesday announced the launch of the service it dubs Mobile Source Capture, which allows a …
Read More »BofA Gives NFC on Memory Cards a Boost with Big Apple Pilot
Proximity payments using mobile phones and micro Secure Digital (SD) cards took an important step toward commercial reality in the U.S. market with the news that Bank of America Corp. will start a pilot next month in the New York area. While the news is of yet another pilot at …
Read More »Blackhawk Makes a Big Jump into Reloadable Prepaid Cards
Blackhawk Network, the supermarket-based prepaid card specialist firmly rooted in gift cards, announced on Monday its first major foray into general-purpose reloadable (GPR) prepaid cards. The move puts Blackhawk into direct competition with powerhouses Green Dot Corp. and NetSpend Inc., but that’s okay, according to chief marketing officer Teri Llach. …
Read More »Elavon’s New Boss Aims to Strengthen Processor’s Game Plan
Merchant processing is one of the bright stars in U.S. Bancorp’s firmament, and Mike Passilla, the new boss of the Minneapolis-based banking firm’s Elavon merchant-acquiring subsidiary, aims to keep payments shining. Passilla on Monday became president and chief executive of Atlanta-based Elavon, which serves 1.2 million merchants in North America …
Read More »Mobile Deposit Capture Takes Strides with PayPal And a Mitek Patent
Mobile remote deposit capture took a couple of steps forward over the past week, though how big those steps are won’t be known for a while. First, alternative payments leader PayPal Inc. indicated that it was configuring its application for Apple Inc.’s iPhone to handle mobile remote deposit. And mobile …
Read More »Eye on M-Commerce: Google Talks to eBay; Apple Hires NFC Expert
In a move that could generate significant incremental sales on its Android Market, Google Inc. is reportedly in talks with eBay Inc. about using PayPal as a payment method for applications that run on its hugely popular Android operating system for smart phones. But the talks aren’t likely to open …
Read More »A Third Bank Settles with LML in Broad-Based ACH Patent Cases
A Canadian processor that has sued more than a dozen major banks and PayPal Inc. over a patent it says covers virtually all of the electronic-check payment types supported by the automated clearing house network scored another victory with its announcement on Monday of a settlement with San Francisco-based Union …
Read More »Visa Hopes RightCliq Adds the Right Value for Online Payments
Visa Inc. sees its new RightCliq shopping service as a means by which it can control more e-commerce transaction volume. But it might also represent a tactic by which it can add value to payments at a time when payment processing is increasingly perceived by merchants and consumers as a …
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