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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 …
Read More »End of First Data Net Saga Sets up FDC To Get Payments from Visa
Visa USA and payment-processing giant First Data Corp. on Wednesday announced a settlement in a 4-year-old legal dispute that apparently puts an end to First Data Net, a high-profile initiative of First Data's former top official, and also appears to set up FDC to receive payments from Visa to help …
Read More »PayPal Prepares for a Two-Phase Rollout of Its Virtual Debit Card
PayPal Inc. will start rolling out its so-called virtual debit card to “hundreds of thousands” of users some time this month in a process it expects to complete by the end of August, a spokesperson for the San Jose, Calif.-based unit of online auctioneer eBay Inc. tells Digital Transactions News. …
Read More »Google’s Payment Service, Tied to AdWords, Could Be ‘Game-Changer’
Following a year of on-again, off-again speculation about its plans in online payments, Google Inc. launched a transaction service Thursday with at least 92 online merchants of various sizes already signed on, from Ace Hardware, Ritz Camera, and Buy.com to Trendy Togs and FaucetDirect. The new service, called Google Checkout, …
Read More »Survey: Online Payment Alternatives Could Tap $14 Billion in Missed Sales
Some 74% of consumers would be willing to spend about $960 more per year on music, games, subscriptions, and other digital content online if they could use a form of payment that's safer and more convenient than a credit or debit card, a survey released Tuesday reveals. Given current estimates …
Read More »Yodlee Takes Its Web-Based Approach Beyond Online Bill Payment
On the heels of an online-bill payment product it introduced last week that allows consumers to pay with credit cards, Yodlee Inc. on Tuesday introduced a Web-based tool that competes with personal-finance software and lets consumers pay bills and transfer funds. “We're capitalizing on the convergence between online banking and …
Read More »Chase Adds Contactless Technology to 1.8 Million Visa Debit Cards
JPMorgan Chase & Co., the largest issuer of contactless credit cards in the country with 7 million in circulation, is now adding contactless payment technology to its debit cards. The banking giant, which brands its contactless cards “blink,” has plans to re-issue 1.8 million debit cards with the Visa mark …
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