News

March, 2006

• 30 March

  Seven Are Nabbed in Big PIN Hack Case, with More Arrests Coming

  Authorities nabbed seven individuals this week as part of the U.S. Secret Service's newly disclosed Operation Rolling Stone undercover effort against cybercrime and payment card fraud, and more arrests are expected, a Secret Service spokesperson tells Digital Transactions News. Though the Secret Service is being cautious about releasing details of …
• 29 March

  Mobile-Video Demand Mounting Fast, But Right Pricing Model Is Elusive

  Despite low adoption so far, video delivered via mobile phones will generate $501 million in annual revenue by 2010, up from $62 million last year, according to a new study from JupiterResearch, New York. A total of 41% of cell-phone users surveyed indicated interest in receiving some form of video …
• 28 March

  ATM Roundup: BofA’s New Mall Machines; Triton Shipments up 21%

  Simon Property Group Inc. announced today it will install some 360 ATMs in 160 shopping malls it manages in 31 states. The machines, which are owned and operated by Bank of America, will be live by June in the malls' common areas, said Simon, the nation's largest owner and manager …
• 27 March

  Phishing Blasts, Web Sites Soar at Double-Digit Rates in January

  The phishing trend, which took an ominous turn upward in the closing days of 2005, has grown even more menacing, with both the number of phishing-related e-mails and the number of Web sites hosting phishing attacks increasing by double-digit percentages in January, according to the latest report from the Anti-Phishing …
• 27 March

  Report: Remote Deposit Capture Is More ‘Talk’ Than ‘Action’ for Now

  It's one of the major products to emerge from the Check Clearing for the 21st Century Act (Check 21) signed into law in 2003, but remote deposit capture still has yet to make major headway despite getting some major bank backers and its promise of reducing the amount of paper …
• 24 March

  P2P Market Is Nice, But PayPal Mobile May Have to Reach Merchants

  PayPal Inc.'s new payment service for mobile phones, which the eBay Inc. processing unit is expected to launch commercially within a few weeks, will have to offer more than basic person-to-person payments to be a success, one expert observer says. “I think it will need to go beyond just P2P …
• 24 March

  Discover Claims Retailer-Friendly Debit, But Details Remain Murky

  More than a month after officially unveiling its much-anticipated entry into the signature-debit card market, details of Discover Financial Services Inc.'s debit card strategy remain sketchy. Discover's sales pitch to financial institutions to issue its debit cards is built around its ability to offer issuers an interchange rate that is …
• 22 March

  Pay By Touch Looks for ‘Network Effect’ from Chicago Concentration

  Electronic point-of-sale transactions secured by biometric scans may get a boost now that Pay By Touch Inc. has switched on processing service in 204 Jewel-Osco stores in the Chicago area as well as in the rest of Illionois, and in Indiana, Iowa, and Wisconsin. The San Francisco company's latest implementation …
• 22 March

  Fujitsu Does Damage Control While Utility Software Gains Attention

  In the spin-the-bottle game of assessing blame for the massive debit card breach that has compromised an estimated 600,000 accounts, point-of-sale software developer Fujitsu Transaction Solutions Inc. late last week suddenly found itself the recipient of unwelcome publicity when its name came up in a Visa USA alert about card …
• 21 March

  More Aussie Retailers Plan Surcharges for Credit Card Payments

  In news that should interest those in the U.S electronic transactions business who are contemplating the possible effects of regulation of card interchange pricing, a new study shows that an increasing number of merchants in Australia?which three years ago introduced regulation of the fees merchants pay acquirers on card payments–are …