Transaction Processing

Processors of stored-value transactions are noting a new development that's driving growth in payroll cards, perhaps the hottest prepaid card market: Increasingly, employers are issuing them to workers with checking accounts and other established banking relationships, according to an article set to appear in the May issue of Digital Transactions …

Debitman Card Inc.'s new chief executive sees no significant strategic changes ahead for the PIN debit network, though he says some new products are likely within a year, possibly including a stored-value offering. “I think the strategy is spot-on,” says Michael Grossman, a former Intuit Inc. executive and most recently …

Boulder, Colo.-based Combined Payments Inc.'s FastLane, a new network that converts driver's licenses into loyalty and payment cards, Thursday announced that it had secured its first advertiser as part of a point-of-sale program that will share revenues with participating merchants. The $2 million deal involves the La Jolla, Calif., office …

The country's largest image-exchange network reported today it handled more volume in the year's first quarter than it processed in all of 2005, while traffic reached new heights in March. Average daily volume at SVPCO's Image Payments Network, which links a dozen banks as well as the Federal Reserve for …

Authorities nabbed seven individuals this week as part of the U.S. Secret Service's newly disclosed Operation Rolling Stone undercover effort against cybercrime and payment card fraud, and more arrests are expected, a Secret Service spokesperson tells Digital Transactions News. Though the Secret Service is being cautious about releasing details of …

It's one of the major products to emerge from the Check Clearing for the 21st Century Act (Check 21) signed into law in 2003, but remote deposit capture still has yet to make major headway despite getting some major bank backers and its promise of reducing the amount of paper …

Electronic point-of-sale transactions secured by biometric scans may get a boost now that Pay By Touch Inc. has switched on processing service in 204 Jewel-Osco stores in the Chicago area as well as in the rest of Illionois, and in Indiana, Iowa, and Wisconsin. The San Francisco company's latest implementation …

In the spin-the-bottle game of assessing blame for the massive debit card breach that has compromised an estimated 600,000 accounts, point-of-sale software developer Fujitsu Transaction Solutions Inc. late last week suddenly found itself the recipient of unwelcome publicity when its name came up in a Visa USA alert about card …

Security experts warn that the recently exposed case of widespread debit card fraud could jeopardize the growth of PIN debit. Debit card transactions secured by PINs have been growing by 20% or more annually in recent years, more than twice as fast as credit cards. “I think it is a …

Google Inc., whose recent moves to create an online-payments service for use on some of its own platforms have stirred considerable speculation about its ambitions in electronic transactions, will launch a service soon that will compete with existing e-commerce payment marks like PayPal, says a source familiar with the matter. …