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Some 24.6 million U.S. consumers bought a ring tone in the second quarter of 2006, and they showed a clear preference for so-called real tones, or master tones, over polyphonic and mono ring tones, according to research released today. Ring tones for mobile phones, which are snippets of popular songs, …
Read More »Shut out of New Markets, PIN Debit Faces Big Growth Challenges
While PIN debit transactions at the point of sale are growing at a torrid pace, the payment application faces major hurdles when it comes to future growth, according to a research report released this week. PIN debit has registered annual growth rates between 35% and 38% since 2003, outpacing the …
Read More »Adding Princeton eCom Boosts Expedited Payment Plans at ORC
Relying in part on its recently completed acquisition of Princeton eCom Corp., Online Resources Corp., Chantilly, Va., plans to roll out a real-time expedited payments service for its banking-client base by the first quarter of next year, Matthew P. Lawlor, chief executive of the company, tells Digital Transactions News. The …
Read More »First Data Takes Over Banco Popular’s Mainland Merchant File
First Data Corp. announced Tuesday that it would process the merchant portfolio affiliated with Puerto Rico-based banking company Popular Inc.'s Banco Popular North America unit. The portfolio provides card-processing services for an undisclosed number of BPNA's 50,000 small-business customers in the United States. Banco Popular had outsourced the file to …
Read More »First Data Readies an ISO Thrust with Unified Pricing, New Terminal
Processing giant First Data Corp. soon will launch an initiative aimed at furthering its ties with the high-margin sector of the acquiring market controlled by independent sales organizations by offering ISOs a new terminal and unified pricing for all four major general-purpose card brands, sources tell Digital Transactions News. The …
Read More »Peppercoin Pursues Opportunity in Contactless, Vending
Peppercoin Inc., which started out as a processor of so-called micropayments for online content but soon began to embrace small-value point-of-sale transactions, now sees opportunity in both contactless technology and vending markets, its top executive says. “We've set bigger sights for ourselves,” says Mark Friedman, chief executive of the Waltham, …
Read More »Discover’s First Data Deal May Be Just Its First Pact with Big Acquirers
Discover Financial Services LLC's new merchant-processing pact with leading payment processor First Data Corp. that involves small and mid-sized merchants is just the first of more deals Riverwoods, Ill.-based Discover plans to strike with big merchant acquirers to expand acceptance of the No. 4 card brand while simultaneously reducing costs. …
Read More »41st Parameter Casts a Wider Net for Its Anti-Fraud Technology
Flush with new funding, anti-fraud software developer The 41st Parameter this week embarked on the next phase of its growth plan by introducing PCPrint, a component of its fraud-detection technology that the company will offer to vendors, processors, and other firms involved in e-commerce. In fact, Ori Eisen, founder and …
Read More »Unfazed by eBay’s Ban, Google Eyes PayPal, Other Payment Methods
Ebay Inc.'s decision to bar Google Inc.'s new payment product from its massive online auction site doesn't seem to faze the online search company. Indeed, the executive in charge of Google Checkout, which debuted less than two weeks ago (Digital Transactions News, June 29), tells Digital Transactions News Google has …
Read More »How EMC Counts on Mounting Demand for RSA’s Security Products
In the digital world, data storage and security command separate realms?companies that dominate e-storage typically have had little or no presence in the information-security industry, and vice-versa. That's about to change, however, if the nearly $2.1 billion acquisition of prominent data-protection firm RSA Security Inc. by electronic information-storage giant EMC …
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