Transaction Processing

Heartland Payment Systems Inc. is working on a technology platform that would support multiple accounting and transaction functions on a single card, the processor's chairman and chief executive revealed in a presentation last week. Speaking to an audience of merchants, processors, and bankers interested in converting small-value cash payments to …

A small technology company that has made a name for itself with its aggressive and successful litigation defending a pair of patents covering check imaging was dealt a setback late last week when the United States Patent and Trademark Office rejected all of the claims set out in those patents. …

Software maker Intuit Inc.'s pending acquisition of online-banking services provider Digital Insight Corp. is mostly a story about Intuit expanding its services and finding new markets for its popular QuickBooks, TurboTax, and Quicken financial-software programs. But, according to one analyst, remote deposit capture?and a processor that offers the service?could get …

While American consumers were flocking to the stores on Friday and whipping out their credit and debit cards for payment, their Canadian counterparts were forced to find cash, their checkbooks, or to come back later because the network of the nation's largest merchant acquirer went down for two and a …

E-commerce sites held up well under an onslaught of shoppers on what has become known as Cyber Monday, widely considered one of the heaviest traffic days of the year for Internet retailers, says Keynote Systems Inc. Keynote, which measures Web site performance, said Monday the more than 30 sites it …

Seeking to take some of the complexity out of medical payments and at the same time increase transaction volume, American Express Co. and processor Metavante Corp. have teamed up with insurance giant Cigna Corp. for a planned 2007 rollout of a system they claim will let patients know how much …

In the latest of its so-called Data Security Alerts aimed at strengthening merchant payment card security, Visa USA is putting the spotlight on point-of-sale systems that provide electronic on-ramps for fraudsters. In particular, Visa wants merchants to remedy the vulnerabilities of what it calls “improperly segmented network environments.” Merchants can …

Checks cleared as electronic images continue to account for an increasing share of all image-based check traffic, even as an industry group works to hammer out a new system to accelerate the conversion to all-electronic check processing. Indeed, The Image Payments Network, an image-exchange network operated by The Clearing House …

A banking group that is exploring how to merge electronic image exchange with the automated clearing house network expects to distribute a survey on Tuesday to financial institutions seeking to find out what their plans are for image exchange and what barriers are slowing down their movement toward receiving and …

Fresh on the heels of a payment-processing initiative and a new branding campaign, the new chief executive of prepaid and fleet card specialist Comdata Corp.'s parent company told investors on Thursday that Comdata is in the acquisitions market. “The Comdata business is posting strong results driven by a proven, effective …