Bankrupt Solidus Networks Inc., which does business under the Pay By Touch name, is ending all of its fingerprint-based biometrics operations effective late Wednesday, the company announced Wednesday afternoon. In a news release, the San Francisco-based firm said that at 11:59 p.m. Pacific time March 19, one second before midnight, …

Metavante Corp. on Tuesday announced software that the Milwaukee-based processor and NACHA, the rules-setting organization for the automated clearing house network, say will make it possible for more banks to participate in a new online payment product NACHA plans to start piloting in less than a month. “This [software] is …

Talks under way between processor First Data Corp. and banking giant JPMorgan Chase & Co. indicate Chase Paymentech Solutions LLC, the world's largest merchant acquirer, might be split between its two owners, according to documents filed this week with the Securities and Exchange Commission. Greenwood Village, Colo.-based First Data, which …

Online merchants implementing payment alternatives to bank cards are beginning to report significant results. Since it started to accept PayPal in November, for example, online closeout retailer Overstock.com Inc. has seen the alternative payment method soar to 10% of its revenues and 12% of its orders, according to Alan Johnson, …

Less than a year after launching a commercial, handset-based banking and bill-payment program in the U.S., Citigroup Inc. announced it is working with a major South Korean telecommunications company to offer mobile banking around the world. The San Francisco-based joint venture, Mobile Money Ventures LLC, will be equally owned by …

Bankrupt Solidus Networks Inc. has sold two of the three major subsidiaries that it identified this winter as non-core assets, Digital Transactions News has learned. Next up is a March 14 auction of the core biometrics payment business of Solidus, which does business as Pay By Touch. On Thursday, a …

Losses to identity fraud will be hard to reduce unless banks and other financial-services providers begin working harder to recruit consumers to look after their own accounts, a noted researcher said on Wednesday. “The important change that needs to happen today is a much stronger partnership between the person who …

Bolstered by the acquisition of convenience-store giant 7-Eleven Inc.'s sizable ATM business, leading non-bank ATM network operator Cardtronics Inc. on Thursday reported fourth-quarter financials that show an improvement in most operating measures. Company executives insist their efforts to improve the performance of 7-Eleven's high-function Vcom kiosks as well as other …

With potential buyers so far proving to be no more than tire kickers, bankrupt biometrics payment company Solidus Networks Inc., which does business as Pay By Touch, is looking to sell itself in separate auctions of what it calls its core and non-core assets. The core assets center on Pay …

Getting financial institutions and telecommunications providers to agree on major issues related to mobile payments is one of the most difficult problems faced by the nascent mobile-payments industry. Nonetheless, some banks want to plant a stake on the mobile-payments turf early, as evidenced by the announcement this week that Citigroup …