Sunday , September 29, 2024

Search Results for: pay by link

How Livewire Plans to Use ATMs to Expand Its Network 10-Fold

Livewire International Inc., a York, Pa.-based software company with about 100 kiosks and other devices on its network selling items like ski-lift tickets, has teamed up with at least one ATM manufacturer and plans to make agreements with several more to sell tickets through ATMs in supermarkets and convenience stores. …

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Canada’s First Debit Fraud Estimate Pegs Losses at $44 Million

Debit card fraud in Canada last year amounted to $44 million ($34 million U.S.), which criminals drained from some 27,000 accounts, according to data recently compiled by Interac, the national electronic funds transfer network. The study represents the first attempt in Canada to measure fraud losses sustained by holders of …

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BofA Hands FDC a Major Win, But Leaves Some Key Points Vague

First Data Corp.'s letter of intent with Bank of America Corp., which includes processing services from FDC for BofA ATMs as well as for debit card transactions secured by personal identification numbers, amounts to a big win for the Denver-based processor after a string of stinging losses, observers say. “Obviously, …

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Why the U.S. Is a Low Priority for Canada’s Dexit

Dexit Inc., a Toronto-based processor of stored-value transactions using radio-frequency identification (RFID) technology, is expanding nationally in Canada and will begin processing transactions in other parts of the world next year?but not in the U.S. any time soon. Dexit, which allows consumers to use chip-embedded keychain “tags” to tap accounts …

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Magex Acquires OPT, Plans Major Stored-Value Expansion in the U.S.

Magex Ltd., a London-based e-commerce and person-to-person transaction processor, has acquired Open Payment Technologies Inc., a provider of stored-value card systems to restaurants, supermarkets, and other merchants. A price was not disclosed. Phoenix-based OPT will become a division of Magex, and Dave Ingwersen, OPT's president, is assuming the title of …

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An Interchange Tussle with a Twist: Retailers Against Zero Pricing

The Reserve Bank of Australia is likely to mandate zero interchange for debit card transactions at the point of sale linked to personal identification numbers in that country, according to a report in The Age, an Australian news service. This action if taken would follow the Australian central bank's decision …

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America West Becomes First Airline to Adopt Bill Me Later

America West Airlines, a unit of America West Holdings Corp., has become the first airline to adopt I4 Commerce Inc.'s Bill Me Later Internet payment system. To encourage usage of the new payment option, the Phoenix-based air carrier is offering deferred billing for 90 days or more to qualified customers, …

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Kryptosima Banks on a New Network, New Money, and ISOs

A Hampton, Ga.-based processor that has tried for four years to bring to market a system to enable on the Internet debit card transactions linked to personal identification numbers may be close to signing an additional network for access to PIN debit accounts. Kryptosima, a unit of InstaPay Systems Inc., …

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Canadian PIN Debit Holders Set to Start Using NYCE POS in the U.S.

An arrangement hammered out last spring between Toronto-based Acxsys Corp. and the NYCE electronic funds network, Montvale, N.J., to allow Canadians holding Interac cards to use their cards at all NYCE-linked merchants in the U.S. will switch on next month. The program, dubbed “Cross Border Debit,” is the first extension …

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SVPCo.’s Image Exchange Goes Live with KeyBank, Chase

A network built by New York-based Small Value Payments Co. (SVPCo.) to allow banks to exchange check images has begun operations with exchanges between KeyBank and J.P. Morgan Chase. The network began with volume at a “controlled” level to allow each bank to test operations, according to an announcement from …

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