Digital Transactions Authoritative, insightful and timely information for payments professionals
Looking to stir up support for its Checkout online payment system among sellers on eBay Inc.'s online marketplace, Google Inc. will throw a party Thursday night in Boston during a three-day convention eBay is hosting for its buyers and sellers. The party, themed “Let Freedom Ring” and to be held …
Read More »RBS Set to Compete in the U.S. Market with a Payments Gateway
A new transaction gateway backed by one of the largest processors in the world is gearing up to compete for U.S. e-commerce business. The Royal Bank of Scotland Group, which has been handling overseas transactions for U.S.-based online merchants, has unveiled a new service that will compete for transactions generated …
Read More »Mobile Web Surfers Soar As Payments Players Rev up M-Commerce
Just as U.S. banks and merchants rev up plans for mobile commerce, U.S. mobile phone users are accessing the mobile Web more than ever, with a particularly strong spurt of growth in usage over the past year. Some 21% of worldwide links to the mobile Internet through a platform operated …
Read More »PayPal Courts Businesses with Incentives And New Technology
PayPal, the online payment service of Internet auctioneer eBay Inc., has taken two more steps in its effort to diversify its transaction base beyond the eBay fold. This week it announced it would use IP Commerce Inc. technology to enable small businesses to easily send invoices and receive payment through …
Read More »MODASolutions Rechristens Its Service, Unveils Buyer Protection
MODASolutions Inc. which has been marketing an online-payment system called SECURE-eBill for more than two years, has renamed the service and introduced its first buyer-protection policy to cover instances of delayed or damaged goods, as well as non-delivery. The new policy comes as online retailers seek alternatives to bank-issued credit …
Read More »Some Phishing News Not As Good As It Seems, Latest Report Says
In the battle against the online fraud known as phishing, March brought a mix of good news and bad, with dramatic drops in malicious software offset by a steep rise in targeted brands, according to the latest report from an organization that tracks the fraud. Separately, the U.S. Commerce Department …
Read More »Why Synovus Is Optimistic About NACHA’s Secure Vault Payments
Unlike its experience with online bill payment, Synovus Financial Corp. expects ultimately to generate significant revenue from a new Internet payments system based on the automated clearing house for which a 12-to-18-month pilot will start by October. Exactly how much revenue, however, may depend on the pilot itself, as well …
Read More »NACHA Will Soon Unveil Pricing for Its Online Payments Pilot
NACHA-The Electronic Payments Association expects to release pricing details in about two weeks for its long-awaited online-payments pilot, an official working on the project says. The details will set out a form of interchange fee merchants' banks will pay to banks that will authorize transactions and authenticate consumers, as well …
Read More »PayPal Logs a Strong Quarter to Cap a New Deal with Yahoo!
PayPal Inc. saw its transaction volume swell 19% in the first quarter, to 177 million payments, while its non-auction business expanded to 39% of all transactions in a performance widely credited with boosting parent eBay Inc.'s financial results for the period. News of the e-commerce transaction processor's performance comes just …
Read More »Star To Test PIN-less Debit for Online Micropayments
With the aim of expanding the debit card's reach into the booming world of Web-based micropayments, the Star electronic funds transfer network plans to start testing PIN-less online debit payments within a few weeks. The test will run about four months and involves Solana Corp., which will act as an …
Read More »