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Privaris Inc. expects to begin pilots for a biometrically secured contactless-payment fob in both physical point-of-sale and Internet payment applications by year's end, an executive with the Charlottesville, Va.-based company says. While the device, which Privaris announced last week as the first contactless key fob secured by fingerprint ID, has …
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 »Pressure Builds in Congress To Address Data-Security Breaches
With the loss or theft of computerized personal information making headlines almost daily, lawmakers are scrambling for solutions for what is shaping up to be the 21st Century's hottest non-violent crime. More than a dozen bills that would put new requirements on banks and other entities with access to sensitive …
Read More »Will 1,000 Philly Coke Machines Usher Contactless into Vending?
Some 1,000 Coca-Cola vending machines in Philadelphia will be equipped with contactless-payment technology over the next four weeks, and will all be accepting contactless tokens for payment by the end of July, according to USA Technologies Inc., the Malvern, Pa.-based company whose e-Port radio-frequency device is being used with the …
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 »Visa, U.S. Chamber Launch Multi-City Data-Security Tour
Some 34% of small merchants invest more in locking down products and cash in their stores than in securing customer data, while the proportion doing the opposite is one-fifth, according to survey results released Monday. In addition, though 64% of the merchants say they had taken steps within the last …
Read More »Networks Begin to Make a Case for Cards at Vending Machines
Transaction Network Services Inc., which is routing wireless card transactions for Pepsi Co. at 500 vending machines, plans to boost that count to 10,000 machines across the country in 2007. TNS executives tell Digital Transactions in a story for the upcoming July-August issue that higher transactions tickets are helping to …
Read More »Retailers Say, ‘Show Us the Fines’ on PCI, E-Commerce Exec Says
Merchants' sluggishness in achieving compliance with the Payment Card Industry data-security standard (PCI) is a source of some frustration to vendors like LaGarde Inc., but Michael Levin, executive vice president of marketing and business development for the Olathe, Kan.-based marketer of shopping-cart software for e-commerce, doesn't see the pace picking …
Read More »Verizon Looks to POS System to Cope with Rising Walk-in Payments
Hoping to process a growing volume of bill payments customers make in its 76 stores, Verizon Communications Inc. is installing a new point-of-sale system that when complete will speed up check transactions, offer customers real-time payment posting, and allow the telecommunications giant to archive transaction information from multiple payment forms, …
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