Digital Transactions Authoritative, insightful and timely information for payments professionals
It started not even a week ago, but a pilot program in which Boston-area commuters can pay for parking by mobile phone appears to be a hit with riders, according to early anecdotal feedback. “The buzz has been huge with customers, we've only been deployed for four days,” Ian Larrabee, …
December, 2008
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18 December
Mobile-Payments Startup Paymo Aims at Tough Micropayments Market
A mobile-payments startup called Paymo Inc., which launched this week with service in 39 countries, hopes to succeed in what has turned out to be a tough market: micropayments for digital content. The San Francisco-based company has more than 300 merchants approved to accept payments on its platform, says Terry …
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18 December
No Letting up on the Merchant-Acquiring Throttle at Discover
As both a card issuer and payment card network, Discover Financial Services is feeling the sharp pinch of recession. Discover chief executive David Nelms indicated to analysts on Thursday that Discover would play a conservative game on the issuing side in 2009, but not necessarily so on the merchant side. …
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17 December
Terminal Kingpin VeriFone Doesn’t See a Turnaround Until 2010
Largely confirming what it projected in late November, point-of-sale terminal provider VeriFone Holdings Inc. says North American business from independent sales organizations and merchant processors was off in the fiscal fourth quarter ended Oct. 31, and prospects for fiscal 2009 aren't much better. San Jose, Calif.-based VeriFone eked out a …
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17 December
Schools And State Agencies Eye NACHA’s Online Payment System
Secure Vault Payments, the online payment system that NACHA has been piloting since last spring, is catching on as a bill-payment alternative among colleges and state agencies, says Kendall Myles, the executive who is heading up SVP merchant recruitment for NACHA, the regulatory body for the automated clearing house network. …
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16 December
RemitPro Launches All-in-One Pricing for Remote Deposit Capture
Seeking to expand its market for software and services that allow merchants to submit checks for electronic processing, Omaha, Neb.-based RemitPro Inc. is introducing what is says is the only offering that bundles a check scanner, remote deposit capture software, transaction service, and maintenance in one package for a single …
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12 December
United Bank Card Looks for Growth from New POS Product Line
At a time of rising business failures and intense industry competition, United Bank Card Inc. says its new Harbortouch unit is producing what the big independent sales organization sought?enhanced merchant relationships and higher margins. In addition to card processing, Harbortouch offers small and mid-sized restaurants and retailers business-management hardware and …
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10 December
Online Merchants May Have a Tougher Time with Fraud in 2009
While online merchants managed to keep a lid on fraud losses in 2008, a faltering economy could make 2009 a costlier year, a leading expert says. “It'll be interesting to see if merchants can hold fraud rates steady” next year, says Doug Schwegman, director of market and customer intelligence at …
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9 December
An AmEx-Delta Cobrand Deal Carries Acquiring, Debit Implications
An extended cobranded credit card pact between Delta Air Lines Inc. and American Express Co., announced on Tuesday, also has merchant-acquiring and debit card implications, and it provides further evidence of how airlines in a weak economy can raise cash from their issuing and acquiring partners. AmEx, issuer of Atlanta-based …
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9 December
With NFC Stalled, Mobile Payments Will Follow Other Paths, Report Says
While experts once thought contactless payments via a technology called near-field communication (NFC) would drive mobile payments, the sluggish development of NFC now means handset-based payments will grow without the technology, according to a research report released on Tuesday. Indeed, payments by text messages, through the mobile Web, and on …