Tuesday , December 24, 2024

June, 2007

  • 21 June

    How TransFirst’s New Boss Sizes up the Processor’s Opportunities

    Former First Data Corp. executive John Shlonsky, who took over this week as president and chief executive of TransFirst LLC, says he plans to lead the Dallas-based transaction processor into a wide array of new markets with backing from the company's new owner, private-equity firm Welsh, Carson, Anderson & Stowe. …

  • 21 June

    Verizon Deal Lends Impetus to Obopay’s M-Commerce Drive

    Obopay Inc. on Thursday announced four new businesses for its mobile-commerce application, bringing to six the number of companies using the Redwood City, Calif.-based processor's service to enable payments via handsets. The news follows Verizon Communications Inc.'s decision to adopt Obopay's application for mobile payments on its wireless network, which …

  • 20 June

    Seeking More Revenue, Big Banks Get Set to Roll out 11th-Hour Bill Pay

    Financial institutions seem likely to give expedited bill payments a big boost in the coming two years, according to survey results released today by Boston-based Aite Group LLC. In a March survey of 22 of the nation's top 100 banks, credit unions, and thrifts ranked by number of checking accounts, …

  • 19 June

    Prepaid Eyes the Potential in Consumer Rebates And Incentives

    In a move that could give the market for network-branded prepaid cards a big boost, Parago Inc. has launched a campaign to move its clients from checks to one-time-use cards for rebates and cash incentives. The Dallas-based company, which manages consumer rebate and rewards programs for corporations, hopes to have …

  • 18 June

    ISO Ties Helped Seal CyberSource’s Bid for Authorize.Net

    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 …

  • 14 June

    PropertyBridge Brings PIN-less Debit to Residential Rent

    PropertyBridge Inc., which handles electronic rent payments on behalf of property managers, plans to launch next month a recurring PIN-less debit option. It is processing some PIN-less transactions now in a test, or so-called “beta,” mode, for an unnamed property-management firm, says Jason Gardner, president of the Oakland, Calif.-based company, …

  • 14 June

    Google Checkout Scrubs Its Boston Party After Talks with eBay

    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 …

  • 13 June

    How a Startup Processor Plans to Take on NACHA in Web Payments

    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 …

  • 12 June

    Targeting eBay Ban, Google Checkout Plans Party to Reach Sellers

    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 …

  • 12 June

    TJX Confronts Another Big Bill Linked to Card-Data Breach

    The bills from the computer hacking at off-price retailer The TJX Cos. that compromised at least 45.7 million credit and debit cards keep rolling in. The Framingham, Mass.-based operator of the T.J. Maxx, Marshalls, and other chains took a pre-tax charge of $20 million ($12 million after-tax) to cover investigative, …

Digital Transactions