Saturday , May 3, 2025

E-Commerce

A New Online Processor Charts An Ambitious Course

Digency Inc., an El Dorado Hills, Calif.-based third-party processing startup specializing in Internet payments, has begun processing transactions for a handful of merchants and now looks to execute an ambitious business plan that calls for the company to earn $13 million in fee revenue in 2004 from some 240 online …

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Network Security: One Step Ahead of the Bad Guys?

This week's outbreak of yet another computer-network virus has served as a reminder to the online transactions industry that the networks they rely on for e-commerce?and increasingly for ATM and point-of-sale traffic?are vulnerable to malicious code. Although the latest outbreak, called the “bagle” virus, was quickly brought under control after …

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A Survey Shows Why Web Transactions Fail

Consumers who abandon shopping carts on e-commerce sites do so mainly because the sites impose costly shipping and handling costs or lengthy shipment times. This is one part of the findings of a survey conducted last month by NetIQ Corp., a San Jose, Calif.-based vendor of web-analytics tools. The company …

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Peppercoin Scores Another Online Song Merchant

Peppercoin Inc., the Waltham, Mass.-based provider of software to process very small online transactions like payments for 99-cent songs, has signed up another new client in the red-hot market for online music. Smithsonian Folkways Recordings, a non-profit record label belonging to the Smithsonian Institution, announced it had signed on with …

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Continental’s Kiosk Network Reaches All U.S. Airports It Serves

Continental Airlines has announced it has now installed ticketing kiosks in all domestic airports served by its planes. With a machine going online Dec. 31 at the airport in Reno, Nev., the airline's network of machines now numbers 779 across 130 U.S. airports. Continental says self-service check-in has become the …

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Suit Settled, eBay and Tumbleweed Target Online Security

Tumbleweed Communications Corp. hopes to move forward with eBay Inc. and its PayPal person-to-person transaction unit on solutions for online transaction and e-mail security issues now that the companies have settled patent-infringement lawsuits Tumbleweed initiated in May and September 2002. In the suits, filed originally against PayPal and then against …

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Record Online Spending Brings Record Strains

The record transaction volume recorded online this holiday shopping season also put record strains on Web sites' ability to handle the load. According to data from Keynote Systems Inc., a San Mateo, Calif.-based site-performance management company, both response time and success rate for Web transactions improved in the week ending …

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Yahoo’s PayDirect Enters the Overseas Remittance Market

Yahoo Finance, whose PayDirect person-to-person payment service has been in operation domestically for three years, is now offering PayDirect International to allow electronic remittances from domestic users to recipients overseas. Announced this week, the new international payment service is an effort by Yahoo Finance, a unit of Sunnyvale, Calif.-based Yahoo …

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Wal-Mart’s 88-Cent Siren Song

The market for ultra-low-ticket song downloads from online music stores continues to heat up. Wal-Mart Stores Inc. has launched a service on its Web-based operation, Walmart.com USA LLC, that offers single songs for 88 cents, or 11 cents cheaper than what has become the 99-cent standard price for songs available …

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Digital Transactions