News

January, 2008

• 10 January

  A Pared-Down Pay By Touch Takes Bids for ‘Non-Core’ Units

  Biometric-authentication and loyalty-services technology provider Pay By Touch is in bankruptcy, has cut costs drastically, and is shopping some of its subsidiaries, but the company's former chief executive–who is now a member of the firm's newly constituted board of directors–says Pay By Touch is solid at its core. “This company …
• 10 January

  Mocapay Readies for a National Rollout of Its M-Commerce Service

  Fledgling mobile-payments processor Mocapay Inc., which has been handling transactions for about 200 merchants in the Boulder, Colo, and Cincinnati areas, plans to launch a national rollout of its service this spring, the company's chief marketing officer tells Digital Transactions News. The 2-year-old company plans to complete work on its …
• 9 January

  With Its Fiserv Deal, Viewpointe Sees a Big Year for Image Sharing

  After a year in which networks that traffic electronic check images racked up big volume gains, the concept of sharing?rather than exchanging?images took center stage this week with the news that Fiserv Inc. will make its proprietary image archive part of the massive storehouse of images maintained by Viewpointe Archive …
• 9 January

  Consumers Want Just One Account for NFC Payments, Survey Says

  Many consumers seem willing to use their cell phones or other mobile devices for in-store payments, but the majority wants to have only one credit or debit card account enabled for wireless payments, according to new findings from New York City-based technology research firm ABI Research. The preference for just …
• 8 January

  Citibank’s ATM Restriction Spotlights Rising Withdrawal Limits

  A recent effort by Citigroup Inc.'s Citibank to minimize the effects of a spate of fraud by cutting some customers' daily ATM withdrawal limits in the New York City area has cast some light on a dim corner of the payment industry. Daily withdrawal limits on ATMs are up dramatically …
• 7 January

  USA Technologies’ Rental Program Boosts Contactless Vending

  USA Technologies Inc.'s new Quick Start program, which lets bottlers and other vending-machine owners rent rather than buy its e-Port G6 readers that process magnetic-stripe and contactless card transactions, apparently is delivering the desired lift to e-Port shipments. Malvern, Pa.-USA Technologies today reported that it shipped 7,123 e-Port devices in …
• 4 January

  A Rising Imaging Tide Lifts ECCHO’s Roster Past the 1,000 Mark

  As the electronic exchange of check images grows, so too does membership in the Electronic Check Clearing House Organization, or ECCHO, a Dallas-based nonprofit banking-industry group that develops rules for image exchange and electronic check presentment. ECCHO president and chief executive David Walker tells Digital Transactions News that membership more …
• 3 January

  A Big BOC Processor Looks for Big Growth for the E-Check in 2008

  Introduced only last March, the back-office conversion (BOC) e-check application is poised for a big year in 2008, according to a check-services vendor that is processing more than one-third of all BOC volume. “We think there's going to be big growth for BOC in 2008, and we're going to be …
• 1 January

  EC Ruling on MasterCard Interchange Could Foster Regulation in the U.S.

  A European Commission ruling that MasterCard Worldwide's interchange-fee structure is illegal in that region will affect relatively few transactions in Europe but could encourage regulators?including those in the U.S.?to act on interchange, among other bleak implications for bank and network executives. “On balance, the EC decision is negative,” says Eric …

December, 2007

• 28 December

  Eye on Gift Cards: A First Data Glitch Strikes the Day After Christmas

  A day-after-Christmas processing glitch at First Data Corp.'s ValueLink unit, a processor of prepaid card transactions, delayed gift card authorizations at some stores belonging to Wal-Mart Stores Inc. and other, unnamed merchants. While statements released by both Wal-Mart and First Data indicate the problem was fixed Wednesday, the snafu couldn't …