Digital Transactions Authoritative, insightful and timely information for payments professionals
Displaying its newfound mobile-payments fervor for the second time in just over a fortnight, American Express Co. on Wednesday announced it was investing in a startup called Payfone Inc. and would integrate Payfone’s technology with its new Serve mobile-pay platform. Founded in 2008, New York City-based Payfone uses a consumer’s …
April, 2011
-
11 April
Secure Vault Payments Will Go Mobile Later This Year with Bar Codes, Exec Says
Secure Vault Payments will announce a mobile application next month for the U.S. market, a top executive with the online-payments service tells Digital Transactions News. The mobile application, which will work on Apple, Android, and BlackBerry smart-phone systems, will start with a pilot in the fall and be in commercial …
-
11 April
Help Wanted: Wizards in Prepaid Card Marketing and Branding
Regulatory pressures, the public’s lack of awareness of prepaid cards, and negative publicity from consumer groups and the media are weighing on prepaid card executives’ minds, according to new findings from Aite Group LLC. Researchers from Boston-based Aite polled 24 senior executives during March’s Prepaid Expo USA conference in Orlando, …
-
7 April
How POS Cash Back on Debit Is Crimping ATM Transaction Growth
U.S. debit card holders received cash back on just over 1 billion point-of-sale purchases in 2009, according to new figures from the Federal Reserve. That statistical nugget and others in the Fed’s 2010 Payments Study help to explain why ATM operators are struggling to keep transaction volumes up. The Fed …
-
7 April
Demographics, Transit Helped Drive Salt Lake Selection, Isis Says
Local demographics and the availability of a mass-transit system that uses contactless technology for fare payment chiefly accounted for the decision by Isis, the joint venture formed late last year and led by major wireless carriers, to launch its first pilot next year in Salt Lake City, Utah, Isis’s head …
-
5 April
Common in Acquiring, Sharing of Bad-Merchant Data Comes to the ACH
Taking a cue from bank card merchant acquirers, bank processor Fidelity National Information Services Inc. (FIS) and NACHA on Monday announced the formation of the Terminated Originator Database, a new service to help banks identify businesses that other banks have cut off from originating automated clearing house transactions because of …
-
4 April
Ingenico To Buy Hypercom Assets, Installs New North American Boss
Ingenico S.A. will buy part of point-of-sale terminal maker Hypercom Corp.’s U.S. assets as VeriFone Systems Inc. prepares to complete its acquisition of Hypercom under a deal the companies announced Monday. France-based Ingenico also installed the head of its Australian unit, Thierry Denis, as its new North American president. …
-
4 April
The Fed’s Same-Day ACH Service Gets off to a Slow Start
More than eight months after it introduced same-day settlement for automated clearing house transactions, the Federal Reserve has attracted only a handful of banks for the service. “It’s been a long struggle,” Steven Cordray, retail payments project manager at the Atlanta Fed’s Retail Payments Office tells Digital Transactions News. Speaking …
-
3 April
Account Takeover Fraud Starts to Plague Businesses, AFP Study Shows
Checks caused most of the losses suffered by businesses victimized by payment fraud in 2010, which is no surprise. Businesses, however, are now falling victim to newer types of fraud, particularly account takeovers, that fraudsters have used against consumers in recent years, according to the Association for Financial Professionals’ latest …
March, 2011
-
31 March
ViVOtech Reveals It Is Kicking the Tires of Hypercom’s U.S. Assets
ViVOtech Inc., a payment hardware and software provider specializing in near-field communication (NFC) technology, on Thursday said it is interested in buying the U.S. assets of Hypercom Corp., the point-of-sale terminal maker in the process of being acquired by rival VeriFone Systems Inc., San Jose, Calif. Santa Clara, Calif.-based ViVOtech …