Tuesday , December 24, 2024

News

April, 2010

  • 5 April

    Eye on Mobile: An Apple-ViVOtech Rumor; Google Invests in a Gateway

    In an example of how fast news can spread in the over heated atmosphere of mobile payments, news items and blog postings appeared on Monday and Tuesday suggesting that Apple Inc. is angling to buy Vivotech Inc., a vendor of hardware and software for contactless payments. At the same time, …

  • 1 April

    TNS Enters a Crowded Market for Card Acceptance on Handsets

    Transaction Network Services Inc. this week announced its entry in what is becoming an increasingly crowded market?applications that let smart phones act as credit and debit card acceptance devices. But TNS, which specializes in providing the transaction-transport systems for point-of-sale and ATM networks, says it will set itself apart by …

  • 1 April

    After a Dip in ’09, Prepaid Card Usage Is Back on the Rise, Expert Says

    Consumer usage of prepaid and gift cards declined last year, according to a new report from Javelin Strategy & Research. Javelin estimates that the percentage of U.S. adults who had used a prepaid or gift card in the preceding 12 months fell from 66% in 2008 to 61% in 2009. …

  • 1 April

    Gonzalez Sentence Is No Deterrent to Hackers, Security Expert Warns

    The 20-year sentence imposed last week on Albert Gonzalez of Miami, the computer hacker who led the attack on Heartland Payment Systems, TJX Cos., and other major retailers, won't deter future data breaches, a security expert says. Gonzalez, leader of the largest hacking and identity-theft ring ever prosecuted by the …

March, 2010

  • 31 March

    DataTreasury’s Trial Victory Doesn’t Bring Legal Marathon to an End

    The jury verdict rendered Friday in favor of a small software company that says big banks and processors are trampling on its electronic-check patents may have boosted that company's cause but it hardly brings down the curtain on what has been a costly legal marathon for the payments industry. “We're …

  • 30 March

    San Diego Nears End of Conversion to Contactless Monthly Transit Cards

    A year-long conversion of the old fare-collection systems used by monthly-ticket customers of multiple transit agencies in San Diego County, Calif., to a unified system based on contactless cards is nearing completion, a local official tells Digital Transactions News. The new system, from San Diego-based Cubic Transportation Systems Inc., will …

  • 29 March

    A New Fiserv Widget Aims at Boosting Online Bill Pay Usage

    Banking-services provider Fiserv Inc. announced on Monday a free widget that will let banks readily create a simplified bill-payment function on the so-called landing page of their online-banking sites. The widget, which starting some time in the second quarter will also enable person-to-person payments, is a piece of code that …

  • 25 March

    Fed Surprises Prepaid Industry with a Tight Deadline for Compliance

    Meeting the Aug. 22 deadline for complying with new rules for prepaid and gift cards released on Wednesday by the Federal Reserve will be a logistical nightmare for card companies and retailers that have to replace hundreds of millions of cards before the 2010 holiday shopping season, according to a …

  • 25 March

    Heartland Preps for Its Big End-to-End Encryption Rollout

    Merchant acquirer Heartland Payment Systems Inc.'s sales force will begin selling the company's new end-to-end encryption system in the second quarter following testing that began last June, the company says. Heartland also says several terminal manufacturers are integrating the technological protocols of its system, which was developed by Voltage Security …

  • 24 March

    All-Digital Checks Get a Boost from an ‘Outsider’ Technology Startup

    The concept of an all-digital check, which surfaced in a paper published in November by the Federal Reserve Bank of Chicago, could move from theory to reality in a matter of months now that a technology startup in Atlanta has won a pair of patents covering applications of the idea. …

Digital Transactions