Digital Transactions Authoritative, insightful and timely information for payments professionals
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, …
Read More »E-Retailers’ Order-Review Logjams Create a New Software Market
Online retailers have long deployed front-end screening systems to check card-not-present transactions for fraud. A new software product announced Tuesday, however, is apparently the first commercially available product to automate what is now a heavily manual process of checking orders that don't pass these screens and yet are not unambiguously …
Read More »Alternative Payments Are Gaining Online, But Not All Retailers Are Sold
The share of e-commerce dollars coming from so-called alternative payment methods will grow from 12% in 2005 to 26% in 2009, an electronic-payments expert says. And two such alternatives emerging only now will gain momentum over the coming three years, with PIN debit accounting for about 3% and NACHA's new …
Read More »ISOs And NFC Specs Lend Impetus to Contactless Payment Trend
New technical specifications for so-called near-field communication (NFC), released this week by an international rules-setting body backing the technology, should add momentum in the U.S. to the trend toward contactless payments on mobile phones. “A lot's happening behind closed doors,” says Erik Michielsen, director of RFID and M2M research at …
Read More »CyberSource Bids to Relieve Online Retailers’ PCI Headaches
In a bid to meet what appears to be a clear market demand for services to help online merchants satisfy card-data security rules, CyberSource Corp. Tuesday launched a product that removes merchants from the business of handling and storing payment data. The move comes as merchants and processors increasingly find …
Read More »Swiped Laptops Now a Threat in Data Breaches Plaguing Payments
The drumbeat of data-breach disclosures continued Friday with the news that information linked to about 65,000 individuals?including credit and debit card data–were exposed when a burglar broke into a locked office in a YMCA facility in Providence, R.I., last week and stole a laptop containing the sensitive member information. According …
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