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 …

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, …

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., …

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 …

Canada's five major banks next spring will roll out a service that will allow consumers to pay for goods and services on the Internet with debit cards linked to personal identification numbers. The service, called iDebit, has been at least 18 months in the making and is expected to be …

Despite widespread industry perceptions that 3D Secure technologies are rendering proxy payment numbers obsolete, the primary vendor of such single-use-number technology says its system remains highly attractive to card issuers looking for ways to encourage customers to spend on the Internet. “I feel very bullish about our product,” says Diane …

The arrests announced yesterday by the federal government in an operation directed against e-commerce fraud is cause for optimism, but there's still plenty to keep online merchants up at night, according to a key executive who helped carry out the latest law-enforcement action. The government's Operation Websnare led to the …

Proposals to extend a transaction-messaging protocol based on extensible markup language (XML) to the retail point of sale are meeting some skepticism among current and former POS terminal executives. The protocol, known as interactive financial exchange (IFX), relies on the flexibility of XML, an Internet language, to simplify messaging across …

PayPal isn't likely to be the last new payment channel Retail Decisions USA Inc. adds to its transaction products for online merchants. The Hazlet, New Jersey-based unit of Retail Decisions PLC in the U.K. announced earlier this month it was adding PayPal acceptance to its transaction-processing software, LiveProcessor, and its …

Retailers who object to current levels of interchange fees on electronic transactions often argue the levy forces them to charge consumers more for goods in their stores, driving up prices and penalizing customers. But a recent report out of Australia undercuts that argument. It finds that prices did not decline …