E-Commerce

Spotting an opportunity in combining online authentication with contactless technology, a 6-month-old Knoxville, Tenn.-based company plans to have a product on the market by early next year that consumers could use to make payments both on e-commerce sites and at the point of sale. Elemental Knowledge LLC is starting with …

Volume for Internet payment processor PayPal Inc. climbed 21% in the second quarter, to 172.9 million transactions, and the San Jose, Calif.-based company continues to make steady inroads with e-commerce merchants away from eBay Inc.'s online auctions, according to statistics filed last week by eBay, PayPal's parent company. Off-eBay volume …

A startup company managed by former executives from online travel agency Orbitz LLC plans to release in the fourth quarter a software product that will let online merchants manage the gamut of transaction fraud issues, from front-end screening to automated order review to chargeback processing and, eventually, back-end collections and …

Fraudsters have started using computer files that allow them to instantly create a phishing site on a compromised computer, a move that could make their activities harder to detect, a report from RSA Security Inc. says. The Bedford, Mass.-based security firm's Anti-Fraud Command Center has discovered what it calls a …

An online-ordering system for fast food, introduced in January by a Fort Lauderdale, Fla.-based independent sales organization, has been adopted by more than 1,200 locations so far, including small proprietors looking to compete with large chains. The system, which allows consumers to order and pay for pizzas, sandwiches, and other …

Alternative payments have penetrated the market for airline tickets with Northwest Airlines Inc.'s decision to accept PayPal on its Web site. The move by the major air carrier, which executes about 1,400 daily departures around the world, makes it the first airline to accept PayPal and gives the San Jose, …

Internet payments company Saf-T-Pay Corp. is about to roll out a system that taps consumers' demand-deposit accounts and bears similarities to those being promoted by NACHA?The Electronic Payments Association and tech company MODASolutions Inc. But Miami Beach, Fla.-based Saf-T-Pay says it has an easy-to-use solution that already is gaining credibility …

CyberSource Corp., which on Monday announced it is buying rival online gateway provider Authorize.Net Holdings Inc. for $565 million in stock and cash, plans to leverage Authorize.Net's relationships with independent sales organizations and other third-party resellers to reach small e-commerce merchants. The transaction, expected to close this fall, “dramatically accelerates …

The party's off. Google Inc., which had planned to sell its Google Checkout online payment system Thursday night at a party in Boston during a convention of eBay Inc. buyers and sellers (Digital Transactions News, June 12), has abruptly canceled the event after talks with eBay. Mountain View, Calif.-based Google …

A Bellevue, Wash.-based startup plans to have a Web-based payment system in operation some time in 2008 that will look strikingly similar to one that NACHA-The Electronic Payments Association has spent the past several years developing. Metafos Inc., which formed only 18 months ago, is talking to banks and online …