Friday , November 15, 2024

Search Results for: store cards

Eyeing Debit, Visa Posts Its Canadian Interchange Rates on the Web

In another sign of sweeping changes in the Canadian payment card market, Visa Inc.'s Visa Canada unit last week published interchange rates on its Web site for the first time. The posting comes at a time when merchants are complaining about higher rewards-card acceptance costs and expressing fears that possible …

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Mobile Banking Moves to the Point of Sale with Consumer Incentives

As mobile banking spreads to more banks, the companies that enable the service are getting ready to bring it to the merchant point of sale, along with a bevy of incentives to induce consumers to buy. The move, say some, stems from the recognition that if banks simply enroll online-banking …

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Heartland Gets Into the Loyalty Business with Its Chockstone Deal

In buying Chockstone Inc., a provider of gift card and loyalty services and technology for merchants, Heartland Payment Systems Inc. essentially is making a bet that merchants with loyal customers make more loyal clients for merchant acquirers. “That certainly is part of the thought process,” Heartland president and chief financial …

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Shell Seeks to Cut Acceptance Costs, Pump Up Loyalty With ACH Card

In what it calls a first for a major oil company, the U.S. subsidiary of Royal Dutch Shell plc in January plans to offer a PIN-based consumer debit card that uses the automated clearing house network, gives consumers a discount on gas, and costs Shell's retail outlets 40 cents per …

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A Sour Economy Won’t Hurt Online Shopping?Or Alternative Payments

Retail sales are slumping and stores are closing, but the online retailing channel?and thereby online payment transaction volumes?will come through relatively unscathed, according to a new report from Javelin Strategy and Research. Javelin's latest online retail payments forecast predicts Internet retail purchases will total $148 billion this year, up 10.4% …

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First Data-InComm Deal Appears To Be Casualty of Economic Tailspin

A slumping economy appears to have been what scuttled First Data Corp.’s deal to buy prepaid card program manager InComm Corp. The agreement, announced in April (Digital Transactions News, April 29), involved transaction-processing giant First Data acquiring Atlanta-based InComm for $980 million, with a further payout of $250 million over …

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A Major Merchant Tells What It Wants To See in POS Technology

Agents with independent sales organizations or even large merchant processors trying to sell prospective merchants on new point-of-sale technology can get the attention of decision makers, but only if they anticipate how a smart merchant will make a complex buying decision, a senior executive with the nation's largest restaurant chain …

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Online PIN Debit Pilot Could Lead to Commercial Service by Mid ’09

The Accel/Exchange electronic funds transfer network said on Thursday it will launch a pilot in which it will switch PIN debit transactions originating at e-commerce stores. The pilot, which the Morris Plains, N.J.-based network will run with Acculynk Inc., a provider of PIN debit technology tailored for use online, will …

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Study Shows Growth for E-Payments, But Paper Lurks Under the Hood

Many studies have documented the rise of card, automated clearing house, and other forms of electronic payments, but a new one from Hitachi Consulting and the Bank Administration Institute sheds some light on just how consumers divide their payments behavior. According to the nationwide study of 3,308 consumers who completed …

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Time Is Short, But Revolution Money Sticks to Million-Merchant Goal

Revolution Money Inc., the upstart that bills itself as merchants' low-cost alternative to the established card brands, this week announced that Murphy Oil USA Inc. is now accepting its RevolutionCard. It's a notable win for Revolution Money as Murphy has nearly 1,000 gas stations in 20 states, most located in …

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