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Search Results for: banking

M-Commerce: Redeeming Redemption

Jane Adler With the daily-deals goldmine close to played out, companies like Groupon are hoping to use payments to streamline redemptions and kick revenues into high gear. But how many followers will they have? In the minds of many consumers these days, the daily deal is so 2011. If you’re …

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Opinion & Analysis: Could NFC Payments Be DOA?

George Peabody From financial institutions to card networks to mobile carriers, a fixation on payments has dimmed the once-bright prospects for near-field communication technology. Wences Casares, founder of Bling Nation and Lemon.com, once said of near-field communication, “NFC is a great technology. But it was abducted by payments, and hasn’t …

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A 10-Year Visa-Chase Deal Will Include Direct Issuer Links to Select Merchants

Visa Inc. and banking giant JPMorgan Chase & Co. on Tuesday announced a 10-year partnership that promises to shake up the merchant-acquiring world by creating direct links between card issuers and merchants. Chase, which owns the nation’s second-largest acquirer, Chase Paymentech, is licensing a private version of Visa’s VisaNet transaction-processing …

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Security Firms Start to Respond to Online Fraud Fears Triggered by Arrival of Chip Cards

  With the United States playing catch-up with Canada and much of Europe in deploying chip card technology, security firms are starting to respond to online operators’ fears that the arrival of chips at the point of sale will drive fraud to the Internet. One of the latest of these …

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Pulse’s Tie to Acculynk Furthers Trend Toward EFT-Based P2P Services

  The effort to harness debit card networks for near-instant person-to-person payments is moving apace. The latest development is this week’s announcement that the Houston-based Pulse electronic funds transfer network has enabled a service that will let cardholders pay each other by entering their debit card PINs on a so-called …

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A Startup Emerges to Replace Passwords With a Wide Menu of Alternative Identifiers

  Aiming to resolve a vexing security problem presented by user names and passwords, Palo Alto, Calif.-based startup Nok Nok Labs launched on Tuesday with $15 million in financing. Next month, Nok Nok will start shipping software that will allow users of PCs and mobile devices to identify themselves to …

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FIS Enters Real-Time Person-to-Person Payments Arena with People Pay Service

  Fidelity National Information Services Inc. (FIS) on Monday rolled out its entry in the person-to-person payments sweepstakes and, as with other providers in recent months, its service offers real-time settlement. Indeed, People Pay—the name FIS has given its new P2P service—is built on the PayNet network the company introduced …

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Components: Remote Possibilities

Karen Epper Hoffman Mobile remote deposit capture and related services are creating a wealth of opportunities for imaging companies. What is market leader Mitek Systems doing to defend its position, and what do its challengers have cooking? Will success change mobile remote deposit capture? Services that allow consumers and businesses …

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Eye on Acquisitions: ACI Snags Online Resources; FIS Swallows mFoundry

  Thursday, Jan. 31, 2013, will go down as one of the payments industry’s more notable days of the deal. First, payments-software developer ACI Worldwide Inc. announced plans to buy Online Resources Corp. in a deal that values the electronic bill-payment and presentment technology provider at $263 million. Then the big processor …

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