Woodside, Calif.-based PassMark Security LLC, which incorporated only in February to attack phishing and other online transaction fraud, says it has attracted interest in its solution from banking and retailer Web sites. The company is now in serious discussions with “eight to ten major sites,” says Bill Harris, chief executive, …

Pay By Touch, a San Francisco-based company that has been marketing a point-of-sale payment system that relies on fingerprint scans rather than cards or other devices to authenticate transactions, scored a sweeping victory today in litigation over the central patents to its technology. Judge Maxine Chesney of the U.S. District …

Winn-Dixie Stores Inc. is investigating a network glitch that caused “duplicate postings” Tuesday of debit card transactions secured by personal identification numbers at its stores, according to company representatives. The Jacksonville, Fla.-based supermarket chain, which operates 1,070 stores across 12 states in the Southeast, says the problem occurred from late …

TNS Inc. has acquired the primary asset of U.S. Wireless Data Inc., which in March filed for bankruptcy protection. Reston, Va.-based TNS, formerly Transaction Network Services, says its acquisition of New York-based U.S. Wireless Data's Synapse point-of-sale processing system strengthens the company's efforts to build its business in emerging transaction …

Vendors in the ATM industry are beginning to move ahead with systems that would allow machine owners to remotely install and manage encryption keys mandated by a new security standard set by the bank card networks. The introduction of solutions for remote administration of Triple DES keys comes even as …

Deploring the extent to which banks have turned over key functions in consumer payments to non-bank companies, a leading figure in the payments industry on Thursday called on banks to “seize back” leadership in the industry. In a keynote address delivered at the Bank Administration Institute's TransPay trade show in …

Metavante Corp., which today announced it is paying $610 million in cash to buy the NYCE electronic funds transfer network from First Data Corp. and its bank owners, sees the deal as part of a nearly $1 billion payments strategy that has led the Milwaukee-based processor to snap up other …

A payment system based on toll-road transponders in Dallas will expand later this year beyond the five McDonald's restaurants that have been part of the radio-frequency identification (RFID) pilot since its inception two years ago. Hummelstown, Pa.-based TransCore, which installs RFID-based toll-road systems around the world, says it will add …

Digency Inc. is within a month of signing its first clients for tests of a new system it has developed that fights e-commerce fraud by pinpointing Web users' geographic location, according to Ed R. Starrs, chief executive of the El Dorado Hills, Calif.-based e-commerce processor. Dubbed “Geocate,” the product has …

More evidence of the possible damage being done by phishing to e-commerce emerged in survey results released today by technology research firm Gartner Inc., Stamford, Conn. The survey, which was completed last month and canvassed 5,000 adult Web users, indicates that 30 million users think they have definitely been a …