Two bitter rivals in the biometric-payments arena have merged to helped spur adoption of the technology among merchants. Tim Robinson, chief executive of BioPay LLC, which will shortly become part of its largest competitor, Pay By Touch Solutions, as the result of a deal announced today, says the longstanding rivalry …

In a move that could herald a thrust into the rapidly growing point-of-sale stored-value payments market, PayPal Inc. is processing prepaid accounts behind cafeteria payments for its own employees as well as for those of two other technology companies in Silicon Valley. For the past year, the online-payments processor, a …

This may be the year contactless payment gained a foothold among banks and merchants, but another technology?biometrically secured point-of-sale payments?is starting to gain momentum, as well. BioPay LLC, a provider of the technology for both POS transactions and payroll check-cashing, says it expects in 2006 to double, and possibly triple, …

Biometric-payments processor Pay By Touch Solutions' plans to use CardSystems Solutions Inc.'s processing platform and reseller relationships to help market its point-of-sale authentication system to merchants may hit a few snags, in the view of a leading competitor. BioPay LLC, a Herndon, Va.-based processor that like Pay By Touch authenticates …

Consolidation in the rapidly growing electronic bill payment business continued today with the acquisition of Govolution Inc. by Fort Worth, Texas-based processor First American Payment Systems LP. The deal, terms of which were not disclosed, hands First American an immediate stake in the business of processing taxes, fines, permit fees, …

JPMorgan Chase & Co. is extending its rollout of contactless payment technology to the populous northeast corridor of the country. Its Chase Bank U.S.A. N.A. said today it will begin sending new cards equipped with chips and tiny radio transmitters to some 2.9 million cardholders this week. In addition, about …

PayPal Inc. will use the transaction gateway it is buying from VeriSign Inc. for $370 million to thrust itself even more deeply into the business of acquiring transactions for small off-eBay Internet merchants, a senior executive for the transaction-processing unit of eBay Inc. tells Digital Transactions News. PayPal, which this …

Pay By Touch Solutions, which earlier this week said it will buy the assets of CardSystems Solutions Inc. for an undisclosed price (Digital Transactions News, Oct. 17), plans to rely on the Atlanta processor's links with some 27 independent sales organizations to help sell its biometric-payments product to tens of …

Pay By Touch Solutions, which said over the weekend it will buy the assets of troubled card processor CardSystems Solutions Inc. for an undisclosed price, apparently trumped an earlier bid for the same assets from CyberSource Corp. CyberSource, which withdrew on Saturday the offer it had made Sept. 23, says …

An Internet payments processor founded early this year is looking to tap into underserved niche markets like schools, service companies, and other small businesses with what it bills as an inexpensive and easy-to-use application. My Payment Network Inc., Corte Madera, Calif., just began operation in August but hopes to be …