Tuesday , December 24, 2024

July, 2007

  • 16 July

    Image Exchange Hits Its Stride, But Clouds Form on the Horizon

    Though still growing in volume from month to month, substitute checks now account for only about one-third of total image-exchange traffic between banks, according to the latest industrywide data. By contrast, a year ago these costly paper printouts of check images amounted to 56% of all image-exchange volume. At the …

  • 13 July

    Green Dot Begins to Look Like the Go-To Prepaid Reload Network

    The booming popularity of prepaid cards has created opportunities for payments companies far beyond just issuing plastic cards. The reloading of already-issued prepaid cards, for instance, is emerging as a major business. And that means Monrovia, Calif.-based Green Dot Corp.'s 40,000-location reload network is attracting attention from such big companies …

  • 12 July

    Hypercom’s CEO Steps Down Amid Restructuring Moves

    It's the summer of change in the executive suites of some major payment-industry companies. Two days after No. 1 processor First Data Corp. named a new chief executive, struggling payment-terminal manufacturer Hypercom Corp. announced that William Keiper, its chief executive for not quite two years, would leave his post Aug …

  • 11 July

    PayPal Launches What It Calls a Game-Changer for M-Commerce

    PayPal Inc.'s much-anticipated mobile-commerce service made its official debut this week in a development PayPal executive Kevin Dulsky calls a “game-changing” event for the electronic-transactions business. The launch of PayPal Mobile Checkout, which claims at least 20 merchants signed up so far, follows weeks of speculation about the m-commerce version …

  • 10 July

    Despite a Strong Bench, First Data Picks an Outsider As Its New CEO

    Michael D. Capellas, a tech executive from outside the payments industry, will head First Data Corp. as the No. 1 payment processor begins its new life as a privately held company. Capellas, who held top posts at MCI Inc. and Compaq Computer Corp., will take over as chief executive from …

  • 10 July

    Patent Office Validates a DataTreasury Image Exchange Patent

    The U.S Patent and Trademark Office has upheld substantially all of the claims contained in a key patent held by DataTreasury Corp. that covers processes related to check image exchange. The USPTO decision, reached in May but not made public until recently, follows a formal process in which Plano, Texas-based …

  • 9 July

    Contactless Trend Will Wither Without Move to Handsets, Report Argues

    The momentum behind contactless payments is likely to stall unless the wave-and-pay method moves from cards to mobile phones, a new research report argues. But while that movement may boost the potential for mobile payments, it will also require a delicate balance of interests among card issuers, payment networks, merchants, …

  • 5 July

    LBO Firms Take Note: Acquiring Is Now a ‘Quite Cyclical’ Business

    The fortunes of individual merchant acquirers not withstanding, the acquiring industry as a whole for decades has proffered an unofficial guarantee of recession-proof growth. But a new study by First Annapolis Consulting Inc. shows that changes in the acquiring industry's growth rates are increasingly correlated to retail sales growth. And …

  • 5 July

    ‘Day of Reckoning’ Beckons As Image Volume Peaks in ’08

    Image-exchange networks and the financial institutions that use them to process checks electronically may have to contend with a dwindling supply of checks sooner than they expected. For the time being, the networks are doing a robust business, with the volume of items expected to more than quadruple this year, …

  • 5 July

    New Tool Lets Phishers Set up Bogus Sites in a Few Seconds

    Fraudsters have started using computer files that allow them to instantly create a phishing site on a compromised computer, a move that could make their activities harder to detect, a report from RSA Security Inc. says. The Bedford, Mass.-based security firm's Anti-Fraud Command Center has discovered what it calls a …

Digital Transactions