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Unfazed by a Patent-Office Rebuff, LML Soldiers on with Infringement Case
n “It’s not final by any means,” vows Patrick H. Gaines, chief executive of Vancouver, British Columbia-based LML. The company is preparing an appeal of the patent office’s action, he says, and has also applied for its own re-examination, which could allow it to add or amend claims. “Certain …
Read More »Trends & Tactics
Visa Gives a Push to Prepaid Cards If Visa Inc. could be personified as an illustrious 19th Century editor, he might be saying, “Go prepaid, young man.” The No. 1 payment card network’s interchange schedule effective Oct. 1, the day new federal debit card interchange price controls …
Read More »Acquiring: That Problematic New Tax Law
BY Linda Punch New IRS reporting requirements for processors and merchants take effect soon. The extra work involved is one formidable obstacle for the acquiring business. Another one is the IRS itself. When Congress passed a new law requiring merchant acquirers to report merchants’ electronic-payment …
Read More »Strategies: Getting Beyond Square
By Jane Adler Rightly or wrongly, lots of investors are mesmerized by the high-profile startup Square. But it’s not the only newbie transforming the payments industry as venture-capital firms scramble to find the next big idea. Some startup companies get all the attention. The …
Read More »Merchants Zero in on Payments
By John Stewart and Jim Daly Having beaten the banks on debit card pricing, they’re now staking out positions on mobile payments and chip cards. This could be the start of the decade of the merchant in the business of consumer payments. Who controls consumer …
Read More »Security: Spam’s Merchant-Acquirer Chokepoint
By Peter Lucas Spam e-mail may be a constant irritant to consumers, but it’s big business for merchant acquirers willing to settle transactions resulting from those unsolicited ads. Can anything be done to stop it? Every day some unsuspecting consumer receives an unsolicited e-mail from …
Read More »Endpoint: Two Mistakes in the Mobile-Merchant Market
So far, mobile-acceptance products for merchants have been limited to cards. Meanwhile, entrants in this market from outside the payments business tend to be long on tech but short on security. Both factors spell trouble, says Bill Clark. The skyrocketing popularity of card-based mobile-payment solutions is certainly impressive, …
Read More »Top-Down Solutions Are Questioned at Fraud-Control Conference
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Read More »The Malware Menace Gets More Malicious
n Citing research from three Aite studies as well as interviews with 40 fraud-control vendors, Aite predicts that the amount of malware and losses from it are in for their own boom. Based on data from Panda Security, Aite senior analyst Julie Conroy McNelley estimates that 25 million new, unique …
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