Digital Transactions Authoritative, insightful and timely information for payments professionals
In the largest agreement so far for deployment of vending machines accepting mag-stripe and contactless cards, USA Technologies Inc. has been awarded a three-year contract that includes supplying card readers for up to 7,500 machines operated by Coca-Cola Enterprises Inc., the world's biggest Coke distributor, in cities across the country. …
May, 2007
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30 May
Retailers Still Have Long Way to Go on PCI, VeriFone Chief Says
San Jose, Calif.-based point-of-sale terminal developer VeriFone Holdings Inc.'s outspoken chief executive, Douglas G. Bergeron, sought in an analysts' conference call Tuesday to make hay out of the current concern about cardholder data security stemming from recent breaches at retailers such as TJX Cos. (Digital Transactions News, March 29). Older …
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30 May
Emida-Q Comm Merger Could Expand Prepaid Market for ISOs
Two processors specializing in prepaid wireless transactions announced a merger on Wednesday that will create the second-largest provider in the business and could create opportunities for independent sales organizations. In a deal for which terms were not announced, Emida Technologies Inc., Foothill Ranch, Calif., is combining with Orem, Utah-based Q …
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29 May
MPI Case May Not Be the Last ISO Action, FTC Says
A recent case filed by the Federal Trade Commission against an independent sales organization in Beaverton, Ore., may not be the last such action the federal regulator will bring. In April, the agency sued Merchant Processing Inc. in federal court, alleging the ISO duped merchants by promising to buy out …
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25 May
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 …
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24 May
Report: M-Banking Set to Soar, Will Lead to NFC Payments
The recent surge of interest by banks in allowing customers to view accounts, pay bills, and perform other functions via mobile phones is paving the way for mobile payments to merchants at the point of sale, according to a new research report. In particular, the report argues, mobile banking will …
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24 May
The Winding Road That Led to the Pending Metavante Spin-off
The process that led to Metavante Corp.'s pending spin-off from Milwaukee-based bank-holding company Marshall & Ilsley Corp. started two years ago as the payment processor sought ways to continue making acquisitions, according to a registration statement M&I filed this week with the Securities and Exchange Commission. The filing?775 pages in …
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22 May
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 …
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22 May
End of 50-Day Go-Shop” Period Leaves KKR As Sole First Data Suitor”
The proposed $29 billion buy-out of leading payment processor First Data Corp. by private-equity firm Kohlberg Kravis Roberts & Co. cleared another hurdle on Tuesday when First Data reported that its 50-day “go-shop” period had ended without netting any competing bids.n n In announcing the buyout in early April, First …
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21 May
Expert: Banks Should Mine Data Troves to Build Merchant Loyalty
Consumers are more loyal to the form of payment they prefer than they are to any particular retail brand, a situation that could work to the benefit of card issuers and processors but also merchants, a retail consultant says. In a survey cited by Gary Charboneau, president of Wakefield, R.I.-based …