Boulder, Colo.-based Combined Payments Inc.'s FastLane, a new network that converts driver's licenses into loyalty and payment cards, Thursday announced that it had secured its first advertiser as part of a point-of-sale program that will share revenues with participating merchants. The $2 million deal involves the La Jolla, Calif., office …

Seeking to remove a roadblock standing in the way to eventual mass consumer usage of mobile phones equipped with a form of contactless technology called near-field communication (NFC), MasterCard International this week unveiled a service that will allow cell-phone users to download their account data and other critical information to …

Shipments of contactless-payment transponders–the cards, keyfobs, and other devices consumers use to make radio-wave payments at the point of sale?will explode in 2006, reaching 45 million units, up from 13 million last year, according to ABI Research, an Oyster Bay, N.Y., research firm that follows radio-frequency-identification technology markets. Most of …

The country's largest image-exchange network reported today it handled more volume in the year's first quarter than it processed in all of 2005, while traffic reached new heights in March. Average daily volume at SVPCO's Image Payments Network, which links a dozen banks as well as the Federal Reserve for …

In a move that quintuples the number of ATMs in its network, Citigroup Inc. today announced it will brand machines in 5,500 7-Eleven Inc. convenience stores in 31 states. The ATMs, which will bear the Citibank brand, will allow customers to withdraw cash without incurring surcharges, a feature the bank …

Authorities nabbed seven individuals this week as part of the U.S. Secret Service's newly disclosed Operation Rolling Stone undercover effort against cybercrime and payment card fraud, and more arrests are expected, a Secret Service spokesperson tells Digital Transactions News. Though the Secret Service is being cautious about releasing details of …

The phishing trend, which took an ominous turn upward in the closing days of 2005, has grown even more menacing, with both the number of phishing-related e-mails and the number of Web sites hosting phishing attacks increasing by double-digit percentages in January, according to the latest report from the Anti-Phishing …

It's one of the major products to emerge from the Check Clearing for the 21st Century Act (Check 21) signed into law in 2003, but remote deposit capture still has yet to make major headway despite getting some major bank backers and its promise of reducing the amount of paper …

In the spin-the-bottle game of assessing blame for the massive debit card breach that has compromised an estimated 600,000 accounts, point-of-sale software developer Fujitsu Transaction Solutions Inc. late last week suddenly found itself the recipient of unwelcome publicity when its name came up in a Visa USA alert about card …

Few people know First Data Corp. better than David P. Bailis. Starting in 1989, he worked on everything from health-care payments to e-commerce and held titles as diverse as general counsel and chief administrative officer. He retired in 2001 to dabble in his own financial-services consulting businesses. But he came …