Thursday , November 14, 2024

Search Results for: digital payments

Trends & Tactics

Trends & Tactics PayPal Eyes Payments from Couch Potatoes Might PayPal Inc.’s next advertising theme be, “As Seen on TV”?Having recently struck deals that will bring it to the physical point of sale, the payments unit of eBay Inc. is working with a Texas television-technology specialist to handle anticipated growing …

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The Scope of Debit Regulation Could Range Far Afield, Report Shows

Payments-industry executives and media reports have devoted most of their attention to the big debit card interchange cuts and network-routing aspects of the Federal Reserve Board’s proposed debit regulations that roiled the industry last week. But, given the Fed’s long list of requests for comment, the regulations in final form …

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Treasury Department Likely To Be in Driver’s Seat on Prepaid Card Program

The final rule from the U.S. Treasury Department mandating electronic payment of Social Security and other benefits, which was announced on Tuesday, is likely to greatly expand a federal prepaid card program that has already racked up impressive results. It could also lead Treasury to look for more features and …

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Takeover Buzz Subsides As Ingenico Rejects a $1.9 Billion Bid

It’s all over but the shouting, at least for now. France’s Ingenico S.A., which sells point-of-sale terminals in North America and elsewhere around the world, on Sunday rejected a suitor that had offered $1.9 billion for the company. Bloomberg had reported on Friday that the suitor was Danaher Corp., Washington, …

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Canadian Regulators Challenge Visa-MasterCard Credit Card Acceptance Rules

Giving the bank card networks a taste of the medicine they’re getting in the U.S., Canada’s Competition Bureau on Wednesday took action against Visa Inc. and MasterCard Inc. rules against surcharging and honor-all-cards requirements intended to prevent discrimination by Canadian merchants against credit cardholders. “Visa and MasterCard’s anti-competitive behavior hurts …

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Eye on Mobile: A Google Deal Comes to Light; A Visa Offers App

Google Inc. continues to cement its early grip on mobile payments, as indicated by the disclosure on Monday that the online search giant has acquired a small company in Toronto whose technology purports to enable payments, promotions, and advertising over mobile phones. News of the deal follows in the wake …

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Google’s NFC Phone: A Good Start, But Lots of Issues Remain

As with other recent moves toward contactless payments via mobile phones, Google Inc.’s introduction of a smart phone equipped with near-field communication (NFC) technology comes shrouded with question marks, say mobile-payments players. Google’s move, which it announced on Monday in conjunction with the rollout of a new, NFC-supporting version of …

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Separating Dodd-Frank’s Winners from Its Losers

The turbulent regulatory and legal atmosphere enveloping the U.S. payment card industry is blowing the industry into camps of winners, losers, and those in between. The biggest losers: Visa and MasterCard, large debit card issuers, and consumers. Winners: merchant-funded rewards networks and big merchants. Also likely to gain in the …

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Sales to Gas Stations Help Fuel Revenue Gains for VeriFone

Already big inside the convenience stores at thousands of gas stations, point-of-sale terminal maker VeriFone Systems Inc. is making headway at gas pumps. VeriFone on Thursday reported that petroleum-industry revenues grew 58% in its fourth fiscal 2010 quarter ended Oct. 31 over the year-earlier period. The strong petroleum results helped …

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PayPal’s Opening Shots in a Scramble for T-Commerce

Having recently struck deals that will bring it to the physical point of sale, e-commerce processor PayPal Inc. has now branched into an entirely new market. Working with a television-technology specialist in Plano, Texas, PayPal has positioned itself to handle what promises to be a burgeoning flow of transactions from …

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