PayPal (Sort of) Embraces NFC … With rivals like Google Inc., Visa Inc., and MasterCard Inc. having jumped into near-field communication technology, there has been no little speculation in the payments business about when, or whether, PayPal Inc. would take the plunge. Wonder no more. The eBay …
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Security Notes: Bitcoin’s Risk—And Its Promise
Gideon Samid • Gideon@AGSgo.com Protests against the so-called tyranny of the 1% can take several forms. One such form is the Occupy Wall Street movement, with its deep-seated distrust of banks and corporate bailouts. But while OWS may get the headlines, cyber-enthusiasts have found their own …
Read More »Networks: Image Archiving’s New Look
By Peter Lucas As check volume dwindles, processors and banks are scrambling to find new ways to leverage the fixed costs of their check-image archives. It’s no secret that paper-check volume is in steady decline. Thanks to the growing popularity of electronic payments, the number …
Read More »Discover at 25
Discover can point to some major triumphs since it was launched by Sears a quarter-century ago, not least its success in taking on Visa and MasterCard. But a fast-changing payments landscape offers no assurance of future success. Discover’s plan: It pays to network. By Jim Daly …
Read More »Acquirers Can Expect a Very Merry Christmas If Trends Hold
If the best present for a merchant acquirer is more transactions to process, 2011’s Christmas has already arrived. Various reports from acquirers, payment processors, and research firms indicate that electronic transaction volumes are up sharply over 2010’s levels despite the gloom that still colors most economic news. Dallas-based Chase Paymentech, …
Read More »Online Forecast: Credit Cards Will Surge As Debit Falls Victim to Regulation
n Online sales for the year will reach $309 billion, up 16% from $266 billion in 2010, according to the report. That volume will grow to $346 billion next year and $444 billion 2016, the report forecasts. General-purpose credit cards will capture 40% of online spending in 2011 and …
Read More »Eye on Prepaid: Intuit’s GoPayment Card, Green Dot’s Bank
The prepaid card industry is marching to new frontiers as November heads toward a close. Intuit Inc. on Tuesday is expected to launch a prepaid Visa card for new merchants in its GoPayment smart-phone-based service, and the Federal Reserve Board approved prepaid card program manager Green Dot Corp.’s plan to …
Read More »Merchants File Suit Accusing the Fed of Departing from the Law with Its Durbin Regs
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Read More »MasterCard And Intel Look for Near-Term Results from E-Commerce Deal
The alliance MasterCard Inc. announced earlier this week with Intel Corp. to secure e-commerce transactions will not supersede SecureCode, a MasterCard online authentication system, but will fairly soon lead to a new type of contactless-payment device from an emerging category of ultra-thin, fast-start PCs, executives with both companies tell Digital …
Read More »Google Folds Its Checkout Service into Google Wallet
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