PayPal Inc. is in the midst of rolling out its first marketing campaign to sign up non-eBay merchants for its online payment service. Dubbed “PayPal for Business” and aimed at what PayPal considers small and medium-size Internet merchants, the campaign features a telemarketing effort, a direct-mail blast, and a new, …

The National Automated Clearing House Association is mulling an idea for a new point-of-sale electronic check product that it hopes might overcome some of the obstacles its existing POS service, called POP, has run into. Tentatively called “back-office conversion,” or BOC, the idea would allow merchants to send all checks …

The National Automated Clearing House Association, Herndon, Va., is preparing to launch a test early next spring of a new electronic transaction type for payments on the Internet. The new payment category would be best suited for payments to so-called spontaneous retailing sites?those operated by hard goods merchants, rather than …

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 …

MasterCard International expects to bring thousands of new Internet merchants into its SecureCode transaction security program by the middle of next month. The new merchant signings will result from a major push the card network is making for SecureCode among large, well-know online retailers as well as among Web hosting …

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 …

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 …

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 …

Nine electronic funds transfer networks have now approved a $1,600 retrofit kit from a Cincinnati-based ATM refurbisher and servicer for use in ATMs on their systems. The kit, called 3DESPlus, allows ATM owners to upgrade existing machines to make them comply with new security requirements from the bank card companies …