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News

September, 2008

  • 10 September

    New Group Will Hammer out Rules for Cross-Border Online Payments

    An international organization set up to promote the concept of allowing consumers to pay online merchants via Web-based banking programs plans to have a structure in place by the third quarter next year to traffic the first payments across borders. The International Council of Payment Network Operators, established earlier this …

  • 10 September

    Temperatures Rise in Canadian Merchant Protest over Card Fees

    The heat over payment card interchange and debit cards in Canada is getting high enough to melt glaciers in the Yukon. A retailer group dominated by big stores, the Retail Council of Canada (RCC), on Wednesday launched a Web site called StopStickingItToUs.com in a campaign to build merchant resistance to …

  • 9 September

    Latest DataTreasury Settlements Add to Pressure on Defendants

    A small software company that has sued big banks and processors for years over patents it holds that relate to check-imaging and image exchange scored a series of victories in recent weeks as three banks settled with the company and agreed to license its technology. A settlement between Bank of …

  • 9 September

    Fiserv Scores Mobile ‘Triple Play,’ But No POS Payments Soon

    Although processor Fiserv Inc. dived in to mobile banking and payments head first on Tuesday with its announcement that it would offer mobile services through three channels on one platform, it will be some time before mobile point-of-sale payments become available on the new product. Dubbed Fiserv Mobile Money, the …

  • 8 September

    Viewpointe Picks up Image Settlement with Its PaymentsNation Deal

    Viewpointe Archive Services LLC, operator of both an electronic check-image archive as well as an image-exchange network, on Monday announced it is entering the business of check-image settlement with the acquisition of PaymentsNation, a Dallas-based company that until recently was known as National Clearing House. The deal, for which terms …

  • 4 September

    BOC Will Remain a Minor League E-Check, Expert Says

    In the 18 months since NACHA introduced an electronic payment method that lets merchants convert bundles of checks in a central location, it's become clear that the method?known as back-office conversion (BOC)?isn't likely to have a big impact on retailers' paper-check volumes. That's according to Bob Meara, a senior analyst …

  • 4 September

    Canadian Business Group Warns of Higher POS Debit Pricing

    A big change may be in the offing for Canada's point-of-sale debit market that could bring American-style percentage-based interchange to a system whose pricing currently is based on flat fees. The change could possibly even bring Visa and MasterCard debit cards to the country for the first time. The result, …

  • 3 September

    E-Commerce Faces a Rapidly Rising Threat from Fraudsters’ Malware

    Evidence is mounting that criminal attacks on e-commerce via keyloggers and other code that detects user credentials are growing rapidly. The number of URLs used to disseminate such malware soared to a record 6,500 in March, according to the latest report from the Anti-Phishing Working Group. That's nearly double the …

  • 3 September

    PayPal’s Airline Business Gains More Altitude with Continental

    Continuing its conquest of the nation's air carriers, PayPal Inc. reports that it is now accepted on Continental Airlines Inc.'s Web site. Houston-based Continental's acceptance of PayPal leaves the nation's two largest carriers, American and United, as the only big domestic holdouts. Besides newly booked Continental, which claims to be …

  • 2 September

    Merchant Gripes Led Startup Comparison Site to Focus on Processing

    Widespread problems reported by small businesses with their card-processing vendors led a startup comparison-shopping Web site for business-to-business financial services to focus on transaction processing, the co-founder says. Chicago-based Transparent Financial Services LLC, which operates as a kind of Orbitz for entrepreneurs looking for financial services, plans to add health …

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