A survey released today at a conference on micropayments reveals the extent to which Americans are willing to buy content from Web sites at prices measured in the pennies. Extrapolations from the survey show that 4 million Americans made micropayments for digital content costing $2 and under in the past …
November, 2003
October, 2003
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30 October
Self-Serve Transactions Could Rise with Wireless Transmission
A system that allows card payments to be made at vending machines, laundry machines, kiosks, and unattended business centers is expected to expand rapidly now that the technology provider has partnered with two wireless service providers. Malvern, Pa.-based USA Technologies, which specializes in card-accepting technology for the hospitality industry and …
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29 October
Check 21: Big Cost, Big Profit Opportunity
Creating and moving check images across banking networks now that President Bush has signed the Check Clearing for the 21st Century Act into law is likely to cost banks a great deal of money–but most are likely to find it worth their while. Popularly known as Check 21, the law …
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28 October
More Star Defections to Interlink Coming, says TowerGroup
Expect more big banks to follow Wells Fargo & Co. and Wachovia Corp. in switching their debit processing business from Concord EFS to Visa, according to an industry analyst. John Gould, director of consumer credit research for TowerGroup, a payments research company, says in the process of moving their debit-processing …
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28 October
Another Micropayment System Gets Ready for Rollout
The rising number of online content providers is provoking a steady stream of startups looking to facilitate payment of small fees for everything from ringtones to comics to newsletter items and songs. One of the latest is Palo Alto, Calif.-based Bitpass, which is in it the beta stage of attracting …
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27 October
Could Debit Start Trending Toward PINs?
While First Data Corp. vows to contest action by the Department of Justice to stop its acquisition of Concord EFS, industry observers say the Denver-based processing giant may have good reason to fight for a stronger position in the market for debit transactions secured by personal identification numbers. The $7.3 …
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23 October
Shift to Electronics Surprises the Fed
The movement from paper-based to electronic payment is happening even faster than the Federal Reserve expected, and as a result the central bank is cutting its estimate of check volume while raising its check-processing fees. Effective Jan. 2, the Fed's fees for check services will go up by a blended …
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23 October
U.S. Justice Department Blocks First Data-Concord Merger
Arguing that the transaction would stifle competition in the market for transactions secured with personal identification numbers, the Department of Justice filed suit today to stop a proposed $7.3 billion acquisition of Concord EFS by First Data Corp. Officials of Justice's antitrust division argued that the merger would weaken competition …
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22 October
MasterCard Mulls the Results of Chip and M-Commerce Pilots
MasterCard is evaluating the next step for its contactless payment program following the conclusion of its PayPass test using a chip-based card in Orlando and as it nears the conclusion of a test involving the use of cell phones as a payment device in Dallas. The card company is expected …
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21 October
Payment by Phone Bill Picks Up Momentum
A payment service that allows Internet content and service providers to bill their customers via their phone bill has been gaining momentum. Although San Jose, Calif.-based PaymentOne, a billing service for 50 large Internet service companies, provides those companies with six different payment options, the PhoneBill choice is being used …