Digital Transactions Authoritative, insightful and timely information for payments professionals
Bringing small merchants into compliance with the Payment Card Industry data-security standard, or PCI, is no easy task, according to independent sales organization executives that have started PCI programs for so-called Level 4 merchants. “You call up Billy's Pizza and ask him about his firewall, and he's not going to …
November, 2009
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16 November
First Data Works with Accertify to Democratize Fraud Screening
First Data Corp. has begun integrating fraud-screening software from an outside vendor that it will offer on a per-transaction basis to its e-commerce merchants. The move brings the software, called Interceptas, within reach of tens of thousands of small online sellers at a time when online fraud is expected to …
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13 November
Visa Warns of Suspect Web Marketers, Requires More ISO Disclosure
Visa Inc. is paying more attention to a broad category of merchants it dubs Internet direct marketers, according to a Visa security executive who spoke on Thursday to independent sales organization executives. These marketers bear many similarities to the often-suspect sellers of the 1980s and '90s who peddled their wares …
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12 November
NCR’s Pilot for Movie-Download Kiosks Opens New Transaction Market
A new source of potential payment card transaction volume opened up this week when ATM and kiosk manufacturer NCR Corp. and software provider MOD Systems Inc. announced a pilot in which consumers can download digital movies and TV shows from kiosks. Just as DVDs displaced VHS tapes for movie rentals, …
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11 November
RBS WorldPay Indictment Outlines Sophisticated Hacker Coordination
An indictment handed down on Tuesday against a gang of hackers in the RBS WorldPay Inc. case sheds more light on the sophistication and intricate coordination with which criminal groups worldwide are attacking payment processors, particularly those in the U.S. More than a year after cybercriminals broke into the computer …
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11 November
With Four Suits Pending, the VeriFone-Heartland Feud Escalates
The bare-knuckled fight between leading U.S. point-of-sale terminal manufacturer VeriFone Holdings Inc. and the big merchant acquirer Heartland Payment Systems Inc. keeps on escalating, with four lawsuits in three courts now pending. Both companies continue to crank out press releases, letters from their chief executives, and other public-relations missives that …
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10 November
A Battle for Deposits Helps Fuel Bank Interest in P2P Payments
Mercantile Bank of Michigan has an answer for observers who want to know why financial institutions are starting to show an interest in person-to-person payments. It comes down to competition for deposits, says John Schulte, senior vice president and chief information officer at the bank, which will introduce a commercial …
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9 November
Payvment Uses a PayPal API to Launch a Next-Gen Shopping Cart
In a move that could change the way consumers shop and pay on the Web, a startup called Payvment is marketing a free shopping cart that lets online shoppers accumulate merchandise from a variety of Web sites?including Facebook?and then pay for all of it with a single checkout. “We call …
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6 November
How Banks Are Looking to Become Serious Players in P2P Payments
Electronic person-to-person payments have been around this entire decade, but they're still largely the domain of specialists such as PayPal Inc. and a host of tech companies. But leading bank processors are getting into the P2P act, and if they're successful they could spur greater usage from the consumer mainstream …
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4 November
Despite a Fast Start in Mobile Banking, BofA’s Job Isn’t Done
Bank of America Corp. gave some insights into its fast-growing mobile-banking service, but the bank also acknowledged that it must convince skeptical customers that the service is valuable and secure. Charlotte, N.C.-based BofA started a controlled rollout of mobile banking in early 2007 and launched the service nationwide in the …