Saturday , November 9, 2024

Search Results for: pay by bank

With Boston on Board, Select-A-Branch Plans Further Expansion

Select-A-Branch, the multibranded surcharge-free ATM network, reported on Tuesday that it has completed installation of 10 machines in Massachusetts Bay Transportation Authority subway stations, but its growth train won't stop in Boston. “Look for us in some major airports,” Dan Stechow, chief operating officer of King of Prussia, Pa.-based Select-A-Branch …

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Up Only a Week, ChargeSmart’s Next Step Is Lender Tie-Ins

A startup that lets consumers use their credit cards to make mortgage payments and meet other credit obligations online is talking to lenders about including its payment service when consumers close on loans. Because the service doesn't charge billers for payments, company officials expect the tie-ins will carry considerable appeal …

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Bill Me Later’s Growth Plans Don’t Stop at Amazon Acceptance

Bill Me Later Inc., the online alternative financing system, is now live on the Amazon.com site. Announced last week, that development is no surprise as Amazon back in December said it had invested in Bill Me Later and would offer the payment service to its customers (Digital Transactions News, Dec. …

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A MyGallons Rival Emerges to Let Users Lock in Gas Prices

While MyGallons LLC struggles with issues surrounding the launch last week of its prepaid card that lets consumers hedge the price of gas (Digital Transactions News, July 7), another startup is emerging with a similar business model. Boynton Beach, Fla.-based GasBankUSA LLC plans to start issuing debit cards later this …

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Visa Rule Change Means Little Change for Web-Based PINless Debit

Visa Inc.'s rule change regarding PIN-based debit card transactions, which antitrust authorities disclosed last week, raised hopes that PINless debit would soon be making headway in Internet payments, but on second glance that's not likely to be the case, analysts say. That's because the electronic funds transfer networks, not Visa, …

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A Prepaid Card That Lets Consumers Lock in Gas Prices Seeks a Network

A Miami-based startup says it signed up more than 5,000 cardholders in the first two days its service was commercially available last week in a program that allows consumers to lock in the current price of gasoline by prepaying for fuel. MyGallons LLC, which began its service last Monday after …

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Viewpointe Adds to Momentum Behind Web Links for Image Exchange

Seeking to solve what the electronic-payments business calls the “last-mile” problem in image exchange, Viewpointe Archive Services LLC on Tuesday launched technology that allows small banks to link via the Internet to its Pointe2Pointe image-exchange network. In this way, banks can rely on existing Internet connections to use the network, …

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A Visa Rule Change Prompted by DoJ Could Foster PINless Debit

Pressed by the U.S. Department of Justice, Visa Inc. has changed its operating rules to allow PINless debit card transactions for small-ticket purchases, just as it waives the signature requirement for low-value purchases on its signature-based Visa check card. Tuesday's announcement by the DoJ revealed a debit card investigation that …

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FTC, DoJ Are Leery of Bills That Would Regulate Interchange Rates

Congress may be taking the week off for its annual Fourth of July recess, but the interchange fireworks are sure to resume after lawmakers return next week. Banks and the payment card networks, which oppose the Credit Card Fair Fee Act of 2008 in the House of Representatives and its …

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Remotely Created Checks Linked to Image Exchange Stoke Fraud Fears

Regulators seeking to rein in so-called remotely created checks aren't going far enough to contain the risk these payment devices pose?particularly when they are processed electronically, says one payments expert. “I think they should ban them,” says George F. Thomas, chief executive at Radix Consulting, Oakdale, N.Y., and a former …

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