Transaction Processing

Point-of-sale terminal maker VeriFone Holdings Inc., which early this year led a long-awaited and closely watched initial public offering, reports its net income for the quarter ended July 31 reached $6.5 million, under generally accepted accounting principles. This represents a swing to a profit from the $2.9 million loss the …

In a sign that independent sales organizations specializing in e-commerce are achieving a higher profile, e-onlinedata said today it has signed up its 2,500th reseller. It also estimates it will pay out more than $1.5 million in bonuses and residuals over the next year. Resellers for e-onlinedata, which is itself …

Consumers are willing to engage in more e-commerce if banks, auction sites, and other Web-based service providers offer strong authentication, particularly that based on hardware devices, to protect against fraud, a survey shows. Almost half of consumers surveyed said they would be more or much more likely to switch to …

New York-based SVPCO, architect of an image-exchange network serving some of the nation's largest banks, this week switched on a new service that allows users of its network to clear check images automatically. The new automated settlement function, which comes about a year after the network began flowing images, effectively …

Concerns about fraud losses owing to the rapidly growing phishing trend may be overblown, at least when it comes to PIN debit at ATMs and the point of sale, according to new research from TowerGroup, a Needham, Mass.-based research firm owned by MasterCard International. While the number of reported phishing …

Automated risk-scoring systems are starting to assume a higher profile among online merchants as they struggle to control transaction-fraud losses, rejection of valid orders on suspicion of fraud, and the costs of manual order review. David A. Glaser, director of professional services at CyberSource Corp., a Mountain View, Calif.-based transaction-processing …

A little-known maker of switching software with very well-known clients is counting on a major upgrade in memory horsepower it is helping to pioneer to drive down transaction-processing costs while dramatically boosting the amount of data networks can handle. San Rafael, Calif.-based Kabira Technologies Inc. may not have the immediate …

The electronic delivery of bills to consumers grew 11% in the second quarter at CheckFree Corp., continuing a trend of double-digit growth in e-bill delivery for the Atlanta, Ga.-based bill-payment processor. The company distributed 41 million e-bills in the quarter, up from 36.8 million in the first quarter and 58% …

A major research firm's estimate this week that fraud losses on debit cards in the U.S. hit an estimated $2.75 billion for the 12 months ending in May might have struck a nerve, especially in the absence of hard data on the problem, but it also has experts raising questions …

The disclosure by Wal-Mart Stores Inc. in late July that it plans to charter an industrial bank in Utah to acquire its own payment transactions is creating more questions than answers about current relationships between the world's largest retailer and the payments entities with whom it currently works. Bentonville, Ark.-based …