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10 Tipping Points for the Payments Industry Part 10 Years and years of finger-crossing while pushing ever-more unprotected financial account data across an expanding array of vulnerable origination points and networks have come to a sudden and long overdue demise. When and how the electronic payments industry finally gets serious …
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Adding QuikTrip, Tempo Payments Pumps Up Its Issuing Ranks
Tempo Payments Inc., the PIN-debit alternative network for retailers, has signed another large gas-station/convenience-store chain to its issuing ranks. Tulsa, Okla.-based QuikTrip Corp. will offer a rewards card program in a phased rollout beginning in the second quarter involving 50 stores in an unspecified market, Tempo announced this week. Privately …
Read More »Microsoft: Any Micropayments System Is Highly Theoretical
Microsoft Corp. is denying reports that have appeared since the weekend that the computing giant is working on an electronic payment system that could handle micropayments for online content and undercut the merchant pricing for such transactions when handled with bank cards. According to widespread press accounts, William H. Gates, …
Read More »The Disruptive Shift to Pay-As-You-Go Payments And Lifestyles
10 Tipping Points for the Payments Industry Part 4 Although the payments business has historically evolved at a glacial pace, the massive shift in consumer payments from physical to electronic forms is moving at light speed by comparison, making debit accounts the preferred means of funding transactions in every conceivable …
Read More »Bitpass Shuts Down in Move That May Show Limits of Digital Market
In a move that may signal the limited utility of the digital-content market for micropayments processors, San Mateo, Calif-based processor Bitpass Inc. has announced it is shutting down. Users of the service, which allows consumers to pay for content online with prepaid accounts, have until Friday of this week to …
Read More »With Microsoft and H-P, First Data Plugs Into PC-Based Payments
The concept of point-of-sale electronic payments without a standalone card reader took another step forward this week when leading processor First Data Corp. introduced a new personal computer-based service called First Data POS Value Exchange. Aimed mostly at single-location merchants with up to five checkout lanes, the service uses hardware …
Read More »More Vending Machines, Plus Toll Road, Taking Contactless Payments
MasterCard Worldwide and USA Technologies Inc., which have been working together to equip vending machines to accept card payments, including contactless transactions, have announced the first deployments in a planned 5,000-machine rollout. The two companies also said they are installing gear on the Ohio Turnpike to accept contactless tokens for …
Read More »How ECHO Fits Into Intuit’s ‘Single Payments Portal’ Strategy
Mutual need brought Electronic Clearing House Inc. (ECHO) and Intuit Inc. together in the $142 million deal, announced last week, that will make Camarillo, Calif-based processor ECHO part of Intuit, Mountain View, Calif., some time in the first quarter (Digital Transactions News, Dec. 15). Intuit, marketer of the popular QuickBooks …
Read More »Intuit Offers $142 Million for ECHO To Cap Payments ‘Portal’
Intuit Inc. has notched yet another acquisition calculated to augment its widely used accounting software with electronic-payments capability by agreeing to pay $142 million in cash to buy Electronic Clearing House Inc. (ECHO), a publicly held, Camarillo, Calif.-based processor of card and automated clearing house transactions. The deal, which is …
Read More »Cingular-Backed M-Payments Service Could Boost Contactless Market
A mobile payments and banking service backed by Cingular Wireless and CheckFree Corp., announced this week, could pave the way to faster and more widespread adoption of contactless payments, its backers say. The service, which is being tested by an unnamed regional bank and is expected to launch in the …
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