|
Spending Cash Online: Alternative Payment Channels for e-Commerce 2010; Mercator Advisory Group Report
There are billions of consumers around the world who rely on cash to pay for goods and services in their daily lives. (Read More) |
|
Latest Payments Spotlight podcast focuses on fraud and risk in the ACH network: They’re on the rise, but under control; Federal Reserve Bank of Atlanta
NACHAundefinedThe Electronic Payments Association (formerly the National Automated Clearinghouse Association) describes ACH fraud risk as "the risk that ACH data will be compromised through the introduction of false transactions, the alteration of valid transactions or the alteration of static data that controls the routing or settlement of valid ACH transactions." (Read More) |
|
Google takes on Skype-type service providers with launch of phone call services over Gmail; TelecomTiger
Internet giant, Google is taking on VoIP service providers such as Skype with the launch of a new phone call service to be offered over Gmail. (Read More) |
|
3 Reasons Why Internet Service Providers Will Take Over the World: the Atlantic
Today we learned that Verizon and Google were near a deal to slaughter the principle of Internet neutrality in its sleep. Shortly thereafter, however, they denied that they are planning to inflict any harm on the maxim that the Internet should be an egalitarian utopia. (Read More) |
|
Why E-Commerce Is Flourishing: Forbes
Services like Groupon and TheFind.com are using social media and other online tools to lure ever more customers. (Read More) |
|
The Emerging Case for a Rules Change to Force Same-Day ACH: Digital Transactions
With the Federal Reserve set to begin offering on Monday same-day clearing of automated clearing house transactions (Digital Transactions News, July 13), some industry observers are starting to push for a rules change that would mandate banks’ participation in this or a like service. (Read More) |
|
Rixty launches promo with Coinstar to pull more users into Facebook Credits (exclusive): GamesBeat
Rixty and Coinstar are going to run a month-long promotion aimed at getting a broader audience to use Facebook’s new virtual currency. (Read More) |
|
Ontario set to bet on legalized online gambling: thestar.com
Ontario is poised to roll the dice on Internet gambling as British Columbia, the United States and other jurisdictions clear the decks for legalized online gaming. (Read More) |
|
YODLEE SURVEY FINDS DEMAND IS GROWING FOR ONLINE PERSONAL FINANCE TOOLS IN UK: YODLEE
Survey reveals more than half want more online banking products, yet few are aware of availability. (Read More) |
|
PayPal Seen as More Secure than Credit Cards for Online Shopping, says Auriemma Consulting Group: Enhanced Online News
It wasn’t that long ago that PayPal was viewed as a niche player in the payments industry, used primarily for eBay transactions. However, the most recent survey by Cardbeat®, a syndicated market research report published by Auriemma Consulting Group (ACG), demonstrates that the former upstart has become increasingly mainstream. (Read More) |
|
BBVA Compass Extends Fiserv Relationship With Multi-Year Contract for CheckFree RXP Online Bill Payment Solution; Source: Fiserv
Four Year Renewal Includes Both Consumer and Small Business Bill Payment Services (Read More) |
|
The Emerging Case for a Rules Change to Force Same-Day ACH; Source: Digital Transactions
With the Federal Reserve set to begin offering on Monday same-day clearing of automated clearing house transactions (Digital Transactions News, July 13), some industry observers are starting to push for a rules change that would mandate banks’ participation in this or a like service. (Read More) |
|
The real reason why consumers won't pay online; by Adam Lashinsky, Fortune
Short answer: it's a pain. That's good for Apple and Amazon, but not many others. (Read More) |
|
Direct Monetization of Digital Content: Not if, But How? Source: Huffington Post
When it comes to online and digital distribution of goods, I'm often confronted with the question of whether consumers are willing to pay for content. (Read More) |
|
CITIC Bank International Limited Joins CHIPS for Wire Payments; Source: The Clearing House
CHIPS Adds Fifth, Large Chinese Bank to Global Payments Network (Read More) |
|
Update on PayPal accounts for India users; Source: PayPal Blog
Hi everyone, it’s Dickson Seow, from the Corporate Communications team. I’d like to give you an update on PayPal accounts for our India users. (Read More) |
|
PayPal making belated foray in Japan, without eBay; By JAY ALABASTER
Associated Press Writer; Source: Miami Herald
PayPal, the online payment unit of Internet commerce firm eBay Inc., is planning to break into the Japanese market - the first time it has entered a region without eBay's powerful auction business. (Read More) |
|
Facebook scores virtual-currency deal in Asia; by Caroline McCarthy, The Social
Facebook, on the verge of 500 million members around the world, might envision a global virtual currency with its Credits system. But the way that system is handled in different parts of the world is far from universal. (Read More) |
|
Western Union Broadens Global Cash Payment Options for AdSense Subscribers; Source: Western Union
Expanded Availability Enhances Revenue Opportunities for Small and Mid-Sized Businesses and Advertisers (Read More) |
|
Twitter Gets Into E-Commerce; By CLAIRE CAIN MILLER, The New York Times
Last year, we wrote that Twitter was considering e-commerce as one of its revenue models. On Tuesday it unveiled its first foray into selling products. (Read More) |
The Government Has an Online Identity Plan for You; By Erica Naone, Technology Review
A draft strategy would help users manage their identities online. (Read More) |
Online drives recovery for British Retail Sector; Source: PayPal
Online retail expected to grow by over 36% in the next 18 months compared to just 1% for in-store sales (Read More) |
|
Social Networks and Consumer Payments: Disruptions Ahead! Or The Games People Play; Source: Mercator Advisory Group
Research Explores New Developments in Social Networks, Online Micropayments and P2P. (Read More) |
|
Visa Launches its PayPal Competitor in Australia; By Chris Crum, WebProNews
Visa Aims to Take On PayPal with PayClick (Read More) |
|
A Dedicated Code for Mobile ACH Is Still on the Table; Source: Digital Transactions
While NACHA’s members officially signed off this week on using the existing WEB transaction code for mobile payments that use the automated clearing house network, the working group that recommended using WEB is already at work on further developments for mobileundefinedincluding the issue of whether these payments should have their own unique transaction code. (Read More) |
|
The Federal Reserve Board on Monday announced posting rules for a new same-day automated clearing house (ACH) service. (Read More) |
|
CUSI Selects Capital Payments to Implement E-Commerce Solutions for the Utility Industry; Source: CUSI
MELVILLE, N.Y., June 16 /PRNewswire/ -- Continental Utility Solutions, Inc. (www.cusi.com), a leader in the utility billing software industry, joined forces with Capital Payments. CUSI now offers clients an electronic payment solution geared specifically for the utility sector. Capital Payments' integration provides competitive access to Visa®/MasterCard® programs for utility companies looking for ways to reduce expenses and automate operations. The partnership is a distinct advantage for utilities who are aggressively improving customer service. (Read More) |
|
June 15, 2010
Leveraging Twitter, Twitpay Narrows Focus to Donations, Gaming; Source: Digital Transactions
It started out as a way to pay other people through the wildly popular Twitter social network, but now a recapitalized and re-energized Twitpay Inc. is concentrating on much narrower niches where it sees greater potential. In March, using a homegrown, in-house platform, it started processing charitable donations, and in a matter of weeks it expects to leverage that platform to introduce processing for political contributions. Next up after that will be payments for online social games, says Michael Ivey, a serial entrepreneur who co-founded Atlanta-based Twitpay in November 2008 and serves as its president. (Read More) |
|
June 10, 2010
E-commerce takes off in Japan; Up and away; Source: The Economist
Japanese online retailing is on the rise, and its champion is spreading its wings. (Read More) |
|
June 8, 2010
How Chinese Businesses Can Reach Global Consumers; By Joel Backaler, Forbes.com
China’s e-commerce market represents a $38.5 billion dollar opportunity. In particular, the business-to-consumer (B2C) market is experiencing tremendous growth. Online shops that may have began as a single person operation on a C2C site such as Alibaba Group's Taobao.com, are incorporating into formal online businesses--while at the same time traditional businesses in China are stepping into the e-commerce arena as well. (Read More) |
|
June 3, 2010
How eBay Can Kill Visa; By Buck Hartzell, Motley Fool
The credit card swipe takes just 17 seconds to happen, and it costs us consumers nothing. But this inconsequential ritual of our daily lives has an enormous financial impact on the stores and businesses where we make purchases. (Read More) |
|
June 2, 2010
Zong Exploits Android Gray Area To Enable Carrier Billing For Apps; paidcontent.org
One of the big frustrations developers are quick to point out about the Android platform is that its app store uses the obscure Google (NSDQ: GOOG) Checkout system for payments. (Read More) |
|
May 26, 2010
With New Cash in Hand, Payvment Plots Post-Facebook Expansion; Source: Digital Transactions
Payvment Inc., a San Francisco startup whose shopping-cart software has been enabling transactions for storefronts on Facebook for the past six months, plans to use $1.5 million in new funding to add engineers and expand its network beyond the massive social network. Christian Taylor, the company’s chief executive, tells Digital Transactions News he expects by the end of the year to embrace other social-network sites as well as individual retailer sites and international forums. “We have the technology to turn these networks into a shopping mall,” he says. (Read More) |
|
May 18, 2010
PayPal Finds a Niche in China; By Loretta Chao, China Realtime Report; The Wall Street journal
EBay’s flagship consumer shopping service has struggled in China, but the company is more successful here than many may think, thanks to its fast-growing online payment business, PayPal. (Read More) |
|
May 17, 2010
Summit Partners acquires majority stake in e-payment services firm Ogone; By Robin Wauters, TechCrunch
Ogone, a European electronic payments service provider, has received an undisclosed majority investment from US-based growth equity firm Summit Partners. (Read More) |
|
May 13, 2010
Regulator jitters for online payment sector; China's enormous third-party payment industry awaits government rulebook; By Ma Jingying & Wang Shanshan, Caixin Online; Source: The Wall Street Journal
China's third-party payment industry has been around for more than a decade, but nearly half of that period has been shadowed by unfinished plans to regulate the sector. (Read More) |
|
May 12, 2010
ACCC drops eBay probe after payment changes; Source: The Australian
TWO years ago, eBay Australia tried to force sellers to use PayPal as the only available payment option on the online auction giant's local site. (Read More) |
|
May 5, 2010
Thriving E-Money Industry Puzzles Regulators; By Irina Filatova, The Moscow Times
The e-money market was worth 40 billion rubles ($1.3 billion) in 2009 and may double this year "if a proper law is approved and the current dynamics remain," said Viktor Dostov, chairman of the Russian E-Money Association, an industry group. (Read More) |
|
May 3, 2010 Press Release
CORPORATE AMERICA CREDIT UNION ADDS VIEWPOINTE POINTE2POINTE WITH INTERNET CONNECTIVITY; Source: Viewpointe
Viewpointe®, a leading provider of check image exchange and archive services, today announced that Corporate America Credit Union has joined Viewpointe’s image exchange service, providing Pointe2Pointe® with Internet connectivity to its member organizations. The Irondale, Alabama-based organization has 200 members across the U.S. including credit unions and credit union-organizations, with $2.8 billion in assets. (Read More) |
|
May 3, 2010
A Comparison of 3 Alternative Payment Methods; The Merchant Account Blog
Ecommerce website owners have typically had 2 payment methods their customers would want to pay with, Paypal and credit cards. In the the past 10 years there have been many attempts and many failures to dethrone Paypal’s dominance as the primary alternate payment method on the internet. In the past 2 years, 2 services, Google Checkout, and Amazon Payments, have emerged as at least a distant-contender in the alternate payment landscape, both using their massive presence and customer base to establish an immediate threat to Paypal’s dominance. (Read More) |
|
May 3, 2010
PayPal gives the little guy a break on fees for purchases that cost pennies; Source: Bloomberg News
PayPal Inc. plans to change the way it handles online transactions of less than US$10, said Francesco Rovetta, director of the San Jose, Calif.-based pay processor's mobile unit. (Read More) |
|
April 28, 2010
The Explosion of e-Commerce in China; Source: Seeking Alpa
With China’s online population of 400 million users, China’s internet players like Baidu (BIDU), Shanda (SNDA), and Sohu (SOHU) are becoming more and more innovative rather than followers of internet firms in the U.S. They are also monetizing their products and services. Growing innovation also applies to financial services, a sector traditionally more conservative. CMR recently sat down with Pascal Nouvellon from COFIDIS, Europe’s online credit powerhouse and Vice-Chairman of the Consumer Finance Working Group at the European Chamber of Commerce in China to discuss online market trends. (Read More) |
|
April 28, 2010
As Its PayPal Program Unfolds, Star Zeroes in on Online PIN Debit; Source: Digital Transactions
Six months after announcing it will process online PIN-debit transactions through PayPal Inc., the Star electronic funds transfer network has signed a number of member banks for the new service, with “implementations in progress,” says Julie Saville, vice president for product management at Star. Despite the tie-up with PayPal, however, the network continues its search for technology to enable cardholders to make PIN-debit transactions online directly with their Star cards. “We still would like to have a [financial-institution]-authenticated Star solution,” Saville tells Digital Transactions News. (Read More) |
|
April 27, 2010
Online Sellers Can Use PayPal to Source Product on Alibaba's AliExpress; By Ina Steiner, AuctionBytes.com
Alibaba announced it would begin accepting eBay's PayPal payment service on AliExpress, its product-sourcing marketplace that officially launched in the U.S. on Monday. Retailers making purchases on AliExpress may pay with Visa or Mastercard if they do not wish to use PayPal. (Read More) |
|
April 26, 2010 Press Release
NACHA Partners with The Clearing House to Bring EBIDS to Market; Bank of America, J.P. Morgan, and Wells Fargo Support Implementation and Adoption of the Electronic Bill Presentment and Payment (EBPP) Solution; Source: NACHA
SEATTLE, April 26 /PRNewswire/ -- NACHA --The Electronic Payments Association announced today that it is partnering with The Clearing House to bring the Electronic Billing Information Delivery Service (EBIDS), an Automated Clearing House (ACH) Network bill presentment and payment solution, to market. EBIDS has been a NACHA pilot program since 2008, operated by the Federal Reserve Banks. (Read More) |
|
April 23, 2010
PayPal, Microsoft and Google's visions of the future; The Financial Services Club Blog
Today seems to be a day about future trends. For example, I stumbled across a great discussion about the future of the internet with Google CEO Eric Schmidt. (Read More) |
|
April 23, 2010 Press Release
Skyline’s DirectFED Payment Solutions Joins Forces with NACHA’s PayItGreen Coalition to Educate Businesses and Consumers About the Environmental Benefits of Electronic Transactions; Source: DirectFED Payment Solutions
Skyline’s DirectFED Payment Solutions encourages businesses and consumers to move from paper-based to electronic financial management by joining forces with PayItGreen, a coalition of financial services companies led by NACHA – The Electronic Payments Association, at PAYMENTS 2010, NACHA’s annual Conference in Seattle, Washington, April 25-28. (Read More) |
|
April 22, 2010
P2P Payments: One Man's Experience; By Aaron Mcpherson, IDG News Service
Lately, I've been getting a flood of press calls and inquiries about P2P payments. I wrote about the general topic in a link available to our clients, but something nagged at me: I hadn't actually done a P2P payment myself. As luck would have it, on Thursday, April 8 I went out to lunch with some colleagues, and saw my chance. I paid the entire bill with my Amex card, and told my lunch companions I would send them a bill via PayPal. What follows is a chronology of my experience actually trying to do what many industry experts are saying is the next big frontier in payments. (Read More) |
|
April 22, 2010
New PayPal Program Rewards Top Customers; By Ina Steiner, AuctionBytes.com
PayPal launched a program for its top customer this month. "The purpose of PayPal Top Customer program is to thank and recognize our very best customers with special benefits, such as early access to deals, product launches and enhancements; special events; special offers for members and more," according to PayPal spokesperson Sara Gorman. (Read More) |
|
April 22, 2010
PayPal: little threat from Visa-CyberSource deal; By Maria Aspan and Phil Wahba, Reuters
EBay Inc's (EBAY.O) PayPal Inc will be able to keep its share of the growing U.S. e-commerce transactions industry despite Visa Inc's (V.N) bid to compete with it, the Web payments company's president said on Thursday. (Read More) |
|
April 21, 2010 Press Release
MoneyGram International Launches New Website Geared for Fast and Easy Money Transfer and Bill Payment; iPhone app and Facebook Fan Page introduced to connect with consumers; Source: MoneyGram International
MoneyGram International (NYSE:MGI), a leading global payment services company, announced the launch of a new consumer website moneygram.com that makes it easier and faster for U.S. consumers to transfer funds and pay bills. (Read More) |
|
April 20, 2010 Press Release
Japanese Internet Bank Selects TSYS as Processing Partner; Source: TSYS
TSYS announced today that it was selected by SBI Sumishin Net Bank (SSNB), one of the leading internet-based banks in Japan, to process its payment card portfolio. TSYS will provide processing and back-office operation services for SSNB to issue cards to consumers, including retail membership cards, a proprietary private-label credit card and association-branded credit cards. (Read More) |
|
April 13, 2010
Nigeria: The Future of Payments; By Ebuka Uchendu, allAfrica.com
Kyari Bukar is the foremost Nigerian ePayment proponent with very wide experience. His company, Valu Card (The Valu is pronounced VAL-U); an epayment service provider, has been confronted with the challenging task of migrating Nigeria from a cash based economy to a cash less one. (Read More) |
|
April 9, 2010 Press Release
MasterCard Joins Forces with Next Jump to Revolutionize the Consumer E-Commerce Experience; Source: MasterCard
Exclusive alliance to accelerate advances in e-commerce, fuel consumer-focused innovation with launch of MasterCard Marketplace™ (Read More) |
|
April 7, 2010 Press Release
Cardlytics Raises Venture Debt; Source: PEHUB
Cardlytics Inc., an Atlanta-based provider of banking rewards solutions, has raised $4 million in venture debt from Gold Hill Capital. Cardlytics previously raised over $8 million in VC funding from Canaan Partners, Polaris Venture Partners and Total Technology Ventures. (Read More) |
|
April 6,2010 Press Release
CashEdge Appoints Top Industry Veteran as Global Head of Product and Marketing; Source: CashEdge
CashEdge Inc. (www.cashedge.com), the leading provider of Intelligent Money Movement™ services, announced today the appointment of Catherine Palmieri as Global Head of Product and Marketing. In this role, Ms. Palmieri is responsible for setting and overseeing the execution of the Company's strategic product and marketing agenda. (Read More) |
|
April 5, 2010 Press Release
More Social Media Innovators Choose Peanut Labs Alternate Monetization; Source: Peanut Labs
Peanut Labs Media, the only company that enables social media users to earn virtual credits through local discount deals, market research surveys and offers, today announced partnerships with four social media and social gaming industry leaders. (Read More) |
|
April 1, 2010
Retail E-Commerce Resumes Double-Digit Growth- Sales to increase 12.7%; Source: eMarketer
eMarketer forecasts that after two years of subpar growth, 2010 US retail e-commerce sales (excluding travel) will climb to more than $152 billion, up 12.7% year over year. This follows the US Census Bureau’s release showing online sales in Q4 2009 grew by 14.6% over a year earlierundefinedthe biggest gain in eight quarters. (Read More) |
|
April 1, 2010
Amazon Taking On PayPal In Payments; By PETE BARLAS, INVESTOR'S BUSINESS DAILY
E-commerce leader Amazon.com is gearing up to take on online payments leader PayPal. (Read More) |
|
APRIL 1, 2010
Retail E-Commerce Resumes Double-Digit Growth- Sales to increase 12.7%; Source: eMarketer
eMarketer forecasts that after two years of subpar growth, 2010 US retail e-commerce sales (excluding travel) will climb to more than $152 billion, up 12.7% year over year. This follows the US Census Bureau’s release showing online sales in Q4 2009 grew by 14.6% over a year earlierundefinedthe biggest gain in eight quarters. (Read More) |
|
March 29, 2010
A New Fiserv Widget Aims at Boosting Online Bill Pay Usage; Source: Digital Transactions
Banking-services provider Fiserv Inc. announced on Monday a free widget that will let banks readily create a simplified bill-payment function on the so-called landing page of their online-banking sites. The widget, which starting sometime in the second quarter will also enable person-to-person payments, is a piece of code that financial institutions that use Fiserv’s CheckFree RXP online bill-payment service can integrate into their sites quickly. “It’s hours, not days or weeks,” says Mary Beth Lawson, director of product management for electronic banking services at the Brookfield, Wis.-based company. The code will also be available through Fiserv’s Corillian Online and eCom online-banking software products, the company says. |
|
March 29, 2010 Press Release
Fiserv Improves Accessibility of Online Bill Payment with Launch of Payment Widget; Source: Fiserv
New tool enables consumers to pay bills from the online banking homepage (Read More) |
|
March 25, 2010
Deutsche Telekom buys ClickandBuy; Source: finextra.com
Deutsche Telekom has agreed a deal to buy Internet payment service provider ClickandBuy. Financial terms were not disclosed. (Read More) |
|
March 23, 2010
Comparing online buying risks By RIVA RICHMOND, New York Times
When buying on the Web, use good sense, check for security and think carefully about which payment card to use, experts say. (Read More) |
|
March 23, 2010
Is Google greater than God? By Johny Stanly, ZEENEWS.com
It is difficult for 81 million web-browsing Indians even to imagine a life without Google. Indians, like billions of other web users around the world, are so addicted to Google that it is actually difficult for them to replace the search engine giant in their online expeditions. If John Lennon, who unleashed an uproar by saying, “Beatles are more popular than Jesus”, was alive today, he would have sung ‘Google is Greater than God’. But for the godless Chinese, Google is just a search engine. (Read More) |
|
March 19, 2010
PayPal forges an alliance with China’s largest payment card network; Source: Internet Retailer
PayPal has struck a deal with China’s largest domestic payment card network, China UnionPay, that will enable hundreds of millions of Chinese consumers to buy goods online from foreign merchants. PayPal also says it will double its Asia-Pacific workforce to 2,000 by year’s end. (Read More) |
|
March 19,2010
5 Important E-Commerce Themes for 2010; By Rob Smith, Carsonified
In his first article for Think Vitamin Rob Smith looks at his top five themes for e-commerce for 2010. Whether you are considering starting an online shop or have one that isn’t performing as well as you would like these valuable tips will help you on your way. (Read More) |
|
March 18, 2010
On the Rise, Friendly Fraud Is Getting Online Merchants’ Attention; Source: Digital Transactions
More online shoppers are repudiating transactions even after they’ve received their merchandise, much to the chagrin of online merchants, which are focusing on the problem as they seldom have in the past. That’s according to Robert W. Botelle, executive vice president for merchant services and chief customer officer at Litle & Co., a Lowell, Mass.-based processor of card-not-present transactions. (Read More) |
|
March 17,2010
Banks vs. billers in online payments; By Jim Kim, FierceFinanceIT
The war rages. In one corner: Billers--the credit card companies and utilities that offer online mechanisms for customer payments. In 2009, 44 million U.S. households used online payment mechanisms provided directly by billers, according to the Online Banking Report, as noted by E-Commerce Times. That will grow by 26 percent to 56 million households by 2012. (Read More) |
|
March 17, 2010
Reducing the Anxiety of Paying Online; By RIVA RICHMOND, The New York Times
Last year, 92 million people bought things online using credit cards, debit cards and services like PayPal and Google Checkout. Millions of others paid bills and wired money electronically from bank accounts with just a few clicks. (Read More) |
|
March 17, 2010 Press Release
Social Media and Banking: Brand Opportunity, Risk or Complete Waste of Time? Source: Javelin Strategy & Research
Facebook, MySpace, Twitter, YouTube, blogs and other social media are rapidly transforming how Americans congregate and communicate in the online and mobile setting. (Read More) |
|
March 15, 2010
Visa's New Rightcliq Payment Service Offers Online Shopping Features; By Ina Steiner , AuctionBytes.com
Visa previewed a new online-payment and shopping tool "Rightcliq by Visa" that offers comparison-shopping and social-shopping features, displays special merchant offers, manages payment options and also tracks the delivery of purchases. The service will be offered in concert with U.S. financial institution clients. (Read More) |
|
Arch 15, 2010
PayPal Tells Wall Street It's Not Worried about Visa Rightcliq; By Ina Steiner , AuctionBytes.com
PayPal told Wall Street it sees little competitive threat from Visa's new Rightcliq shopping/payment service (see related article). On Friday, Lazard Capital Markets hosted an investor meeting with PayPal management following Visa's launch of Rightcliq. (Read More) |
|
March 12, 2010
PayPal In Talks With Alibaba Intl MarketPlace; Source: The Wall Street Journal
EBay Inc.' (EBAY) PayPal unit is in talks to add its online-payment system as an option on Alibaba.com Ltd & apos’s (1688.HK) new AliExpress international marketplace, according to people familiar with the situation. (Read More) |
|
March 11, 2010
What’s in the Cloud for Payments? By David S. Evans, PYMNTS.com
When we speak of "payments in the cloud" we are using the term in a broader sense than it is usually used in the information technology world. (Read More) |
|
March 10, 2010
The State of Secure Remote Debit Payments; Wednesday, March 31, 2010 1pm to 2:30pm ET
Online retail sales continue to grow steadily. A new forecast by a leading research firm predicts that e-commerce sales in the U.S. will keep growing at a 10 percent compound annual growth rate through 2014. By 2014, online retail sales in the U.S. will be nearly $250 billion, up from $155 billion in 2009. By 2014, these numbers will represent 8% of total retail sales. In addition, sales completed using mobile devices are showing signs of green shoots and could soon ignite into full bloom resulting in another new sales channel. (Read More) |
|
March 10, 2010
InComm buys virtual currency play, Zeevex; By Urvaksh Karkaria, Atlanta Business Chronicle
Virtual currency startup, Zeevex Inc. has been acquired by prepaid card giant InComm -- a move expected to diversify Zeevex beyond gaming and to put it in retail stores across Europe and Asia. (Read More) |
|
March 10, 2010
Gen Y Goes for Online Banking; Source eMarketer
Nearly one-half of Generation Y Internet users planned to sign up for a new financial account in the next year, according to research from financial technology provider Fiserv. They are also more likely than any other generation to consider switching banks and to recommend their primary bank to others, making them an attractive target for financial services marketers. (Read More) |
|
March 9, 2010 Press Release
AsiaPay Launches PesoPay Online Payment Service with Globe GCASH; Source: AsiaPay
AsiaPay, the leading electronic payment gateway provider, has launched PesoPay online payment service with Globe GCASH. PesoPay via GCASH facility enables real-time internet payment to reach millions of GCASH mobile commerce customers in the Philippines and around the world. (Read More) |
|
March 9, 2010
O'Brien: How dot-com start-ups have changed 10 years later; By Chris O'Brien, Mercury News
When I heard Pets.com was about to shut down in late 2000, I shelled out $40 for one of its ubiquitous talking sock puppets, thinking I'd like to have my own memento of the economic insanity then in its final months of unraveling. (Read More) |
|
March 8, 2010
E-retail will influence 53% of purchases by 2014, Forrester says; Internet Retailer
Online retail sales will grow by 10% a year for the next five years, and the web will influence 53% of U.S. retail sales by 2014, research and consulting firm Forrester Research Inc. predicts in a report released today. (Read More) |
|
March 2, 2010 Press Release
Heartland Payment Systems® Introduces PlusOneSM Payroll; Source: Heartland Payment Systems
Online Payroll Management System is Industry’s First to Utilize Cutting-Edge Oracle® Technology For Streamlined, Cost-Effective Processing (Read More) |
|
March 2, 2010
More than 100 Banks to Launch POPmoney™ Person-to-Person Payments Service in First Half of 2010; Source: Cash Edge
A Top Five U.S. Bank and Two Top 15 Credit Unions Among Financial Institutions Launching POPmoney by Q2 2010. (Read More) |
|
March 1, 2010
E-retailers boost their technology budgets; Source: Internet Retailer
57% of online retailers plan to spend more on e-commerce technology in 2010, including 49% whose investment priorities cover new or upgraded e-commerce technology platforms, Forrester Research Inc. says in the study, “2010 U.S. Online Retail Technology Investment Outlook.” (Read More) |
|
February 28, 2010
Beware of ‘the Paypal call’ and what to do today to mitigate large Paypal reserves. (Part I of II); Source: eBayStrategies
This is the first of a two-part series and is a first for eBay Strategies. The first post, which you are reading, is a head's up to sellers about what we've noticed at ChannelAdvisor that is happening to Paypal merchants on eBay and causing a good bit of frustration. (Read More) |
|
February 27, 2010
PayPal To Restore Bank Withdrawal Service In India On March 3rd Robin Wauters TechCrunch.com
About three weeks ago, eBay's electronic payments daughter PayPal suddenly started blocking personal payments going in or coming out of accounts from Indian customers, resulting in a flood of online complaints from the latter that ranged from accusations of racism to sheer amateurism. Last week, rumors that PayPal was actually forced into halting personal payments by Reserve Bank Of India (RBI) because they did not comply with all relevant regulatory requirements, were confirmed. (Read More) |
|
February 25, 2010
Hey there! totalsystem is using Twitter; Source: TSYS
Twitter is a free service that lets you keep in touch with people through the exchange of quick, frequent answers to one simple question: What's happening? Join today to start receiving totalsystem's tweets. (Read More) |
|
February 25, 2010
Could Twitter Kill Credit Cards? By Max Fisher, The Atlantic Wire
A nutshell history of money might go something like: First we had barter, then hard currency, then checks and credit cards, then... Twitter? A handful of writers think that social media tools like Twitter could allow people to seamlessly, instantly, and cheaply transfer money. If it works, it would eliminate the need for some of banking's basic services. (Read More) |
|
February 25, 2010 Press Release
BillingTree Anticipates Increased Electronic-Payment Adoption with the New Credit Protection Act; Source PRNewswire
Consumer assurances help to boost paperless payments for recurring service invoices, including Utilities, Healthcare, and Subscriptions (Read More) |
|
February 24, 2010
EBay’s PayPal Looks to Social Media; By Jennifer Valentino-DeVries, WSJ Blogs, Digits
Amid competition in the online-payment business, eBay’s PayPal is making a push to attract developers of social-media payment applications, whether or not the product is branded with the PayPal name. (Read More) |
|
February 24, 2010
NACHA Looks for a Partner to Help Move EBIDS out of Pilot Mode; Source: Digital Transactions
An electronic bill-payment and –presentment network put together by NACHA, the governing body of the automated clearing house, is seeking an organization that can help build out the system and give it marketing firepower. Rob Unger, senior director of e-billing and payments at Herndon, Va.-based NACHA, says the association issued a request for proposals last fall and hopes to announce the partner, along with definitive blueprints for the new payment system, sometime in the second quarter. (Read More) |
|
February 18, 2010
Quebec can't ignore online gambling: Bachand; By Kevin Dougherty, Gazette Quebec Bureau
Montreal Gazette The minister was reacting to opposition from public health officials in Quebec's 18 regions who object to Loto-Québec's plans to enter online gambling (Read More) |
|
February 12, 2010
E-commerce accounted for 7.7% of total retail spending in Q4; Source: InternetRetailer.com
A new report from web measurement firm comScore Inc. finds that online purchases accounted for 7.7% of total retail spending in Q4, up from 6.9% in Q3 and relatively flat compared with 7.6% in the same period in 2008. (Read More)
|
|
February 11, 2010
By Mathew Ingram, GIGACOM
Peter Sunde, apparently not content with having co-founded the world’s most popular index of copyright-infringing movies, music and software (the BitTorrent tracker known as The Pirate Bay) as well as inspiring the creation of an actual political party dedicated to anti-copyright causes (Sweden’s Pirate Party), seems to have his heart set on revolutionizing the world of online payments as well. Sunde recently launched a micropayment service called Flattr that’s currently accepting beta testers. (Read More) |
|
February 11, 2010
PayPal Policy Updates Impact Sellers and Student Account-holders; By Ina Steiner, AuctionBytes.com
PayPal policy updates that go into effect on March 10, 2010, include changes caused by recent regulations in India. Section 8 (Fees) of the User Agreement is being amended to prohibit users from sending a Personal Payment to a recipient in India. Over the weekend, PayPal suspended personal payments to and from India as well as transfers to local banks there, and on Tuesday said it could be months before the suspension was lifted. (Read More) |
|
February 10, 2010 Press Release
TransUnion Web Collect(SM) Adds New Layer of Efficiency When Recovering Debt; Source: TransUnion
TransUnion introduced today at the Debt Buyers Association (DBA) International Annual Conference a new solution -- Web Collect(SM) -- to help collections departments and companies simplify collection payment efforts. Harnessing TransUnion's depth of decisioning technology and analysis, Web Collect is a complete and fully configurable, online debt payment solution developed to better streamline collections and recovery strategies. (Read More) |
|
February 10, 2010
Update on PayPal situation in India; Anuj from the comms team
Following on from my blog post on Saturday, I’ve received a number of questions about the situation in India and I thought it’d be best to simply answer the questions in a blog post. (Read More) |
|
February 9, 2010
Ex-MasterCard Execs Get Processor Set for U.S. Web Gambling; Source: Digital Transactions
In expectation that legislation regulating online gambling in the U.S. will pass, the United Kingdom-based payments-processing company UC Group Ltd. has opened a U.S. subsidiary, SecureTrading Inc., headed by three former MasterCard Inc. senior executives. UC Group, a provider of online payment-processing services, is an advocate for regulated Internet gambling in the U.S. (Read More) |
|
February 9, 2010
Offerpal Media lets you pay for games by putting you to work; By Dean Takahashi, Venturebeat.com
Offerpal Media is launching a new way to pay for games and other social apps today. Basically, Offerpal is going to put you to work. (Read More) |
|
February 9, 2010
Offerpal Media lets you pay for games by putting you to work; By Dean Takahashi, Venturebeat.com
Offerpal Media is launching a new way to pay for games and other social apps today. Basically, Offerpal is going to put you to work. (Read More) |
|
February 8, 2010 Press Release
asknet to offer Alipay, the leading online payment solution in China; Source: asknet AG
asknet AG, recently ranked as one of Germany’s fastest-growing technology companies in Deloitte’s “Technology Fast 50” report, announced Alipay will now be offered as an online payment solution to its customers. (Read More)
|
|
February 5, 2010
MasterCard Blocks Online Casino Payments from US Customers; Source: Onlinecasino.org News
MasterCard has finally found a way to block payments to online casinos from American residents. Now, players at a variety of online gambling establishments, including online poker and sports betting websites, will no longer be able to fund their accounts using their MasterCard’s. (Read More)
|
|
February 4, 2010 Press Release
MoneyGram International Announces Agreement to Expand PropertyBridge's Payment Services to Bank of America Merrill Lynch Account Holders; Source: MoneyGram International
PropertyBridge, Inc., a MoneyGram International (NYSE:MGI) subsidiary and leading provider of electronic payment services to the multi-family housing industry, today announced an agreement that will bring PropertyBridge's state-of-the-art payments platform to the property management clients of Bank of America Merrill Lynch, one of the world's largest financial institutions. Bank of America Merrill Lynch is one of the nation's largest lenders to the multi-family housing industry and currently provides banking, lending and payment processing services to more than 40 of the top 50 property management companies in the U.S. (Read More) |
|
February 1, 2010 Press Release
NACHA and Regional Payments Associations Mark Second Annual National Accredited ACH Professional (AAP) Recognition Day; Source: NACHA
The Electronic Payments Association will partner with Regional Payments Associations to recognize more than 3,600 Accredited ACH Professionals (AAP) on February 9, National AAP Recognition Day. Celebrated annually the second Tuesday of February, National AAP Recognition Day acknowledges the achievements and contributions of AAPs nationwide. Joining this year’s festivities are 561 newly-accredited AAPs. (Read More) |
|
January 27, 2010
ING Direct banking on technology with 'tweetup'; By Becky Yerak, Chicago Tribune
What do you do after you've become the nation's biggest online bank? You move on to Twitter, of course. (Read More) |
|
January 27, 2010
H&R Block® and Yodlee® Form Strategic Alliance to Integrate Tax Services for Millions Online
New online approach simplifies tax preparation experience
H&R Block (NYSE: HRB), the nation’s leading tax preparation company, and Yodlee, Inc., the leading provider of personal financial management (PFM), integrated payments and risk management solutions, today announced a strategic alliance to integrate H&R Block’s market-leading tax expertise into the Yodlee online experience. Currently more than 25 million consumers access Yodlee’s solutions through the nation’s leading online banking and portal sites. Beginning next tax season, consumers will be able to use data from their personal financial accounts, including 1099 forms, tax-deductible transactions, and business expenses, to populate information in their H&R Block tax return, allowing them to automatically identify money-saving deductions. (Read More)
|
|
January 26, 2010
Press Release
First American Payment Systems Adds ACH to Web-based Module. Source: PRWeb
The new feature adds recurring and future-dated payment scheduling. FirstFund gives additional capabilities and allows merchants to process multiple types of payments using one product. It works anywhere there is an Internet connection and eliminates the need to download or install additional software. (Read More)
|
|
January 26, 2010
Press Release
Corillian Online from Fiserv Integrates Online Banking, Payments and Personal Financial Management Tools
Full, functional integration and advanced Web 2.0 technologies enable consumers to conduct transactions and monitor finances from a single online financial destination. (Read More) |
|
January 26, 2010
Online retailers see fraud as a major threat – report. By Graham Charlton, Econsultancy
57% of merchants see online fraud as the greatest threat to their business, while they expect to lose an average of 1.8% of their income to fraud. This is one of the findings from Cybersource's 2010 UK Online Fraud Report (PDF), which surveys consumers and retailers about how fraud affects their business and shopping habits. (Read More) |
|
January 20, 2010
Is Cash Becoming Obsolete? By Brendan Burge, Counting Currency
Read the full article and watch the fascinating Web 2.0 Expo NY: Douglas Rushkoff, “Radical Abundance: How We Get Past “Free” (Read More) |
|
January 19, 2010
GlobalCollect Expands Worldwide Presence by Opening Latin American Office in Buenos Aires. Source: globalcollect™
GlobalCollect, the world’s premier payment service provider of local e-payments, has opened a fourth regional office to service the Latin American market (Read More) |
|
January 13, 2010
It's Time to Create Good Cloud Banking Services, By Dana Gardner: Seeking Alpha
Slowly -- and sometimes not so slowly -- the bricks have been giving way to the clicks for the past 15 years. Plenty of formerly unassailable business models have suffered as a result. The tears flowing for these companies, however, have been few outside their own high, stony walls. (Read More)
|
|
Jan 12, 2010 Press Release
Leading SWIFT Service Bureau Enables Rapid Implementation, Reduced Costs and Improved Control of Cash
BankServ (www.bankserv.com), worldwide experts in electronic payments, today announced that Dell, a leading provider of information technology and solutions, has selected the BankServ TurboSwift® Service Bureau to enable the straight-through processing of financial payments and messages with its banks worldwide. (Read more)
|
|
December 29, 2009
Twitter co-founder takes aim at mobile payments
By Rachel Metz, Associated Press: USA TODAY
Jack Dorsey revolutionized online socializing by co-founding Twitter in 2006. Now he wants to transform the way people exchange money. (Read More)
|
|
December 19, 2009 Press Release
ChinaPay/UnionPay partners with Chinese/overseas joint venture, Chinova to develop and operate a new online shopping mall.
Chinova Information Technology, an e-commerce and payment joint venture company working closely with state-owned ChinaPay, is appointed partner for the development and operation of UnionPay’s online shopping mall for high quality domestic and overseas products and services. Chinova was formed earlier this year by the Chinese e-commerce and technology company LeiXun and the Swedish Payment Service Provider Paynova to take a leading role in B2C and cross-border e-commerce markets to and from China. (Read more)
|
|
December 16, 2009 Press Release
First Two Banks Go Live with CashEdge's POPmoney™ Person-to-Person Payments Service
CashEdge Inc. (www.cashedge.com), the leader in Intelligent Money Movement™ services, announced today that two top U.S. banks are the first in the nation to launch POPmoney™, its groundbreaking new email and mobile person-to-person (P2P) payments service offered through banks. Five additional financial institutions have signed on to launch the service in early 2010, demonstrating strong momentum for the innovative new P2P payments service. (Read More)
|
|
December 15, 2009
CEO tries to breathe new life into eBay and PayPal
By Jon Swartz: USA TODAY
While tech giants maneuver to gain an advantage during the worst economic downturn in more than 50 years, eBay has a simple 1-2 approach: focus on e-commerce and online payments.
Read More
|
|
December 11, 2009
Eye on Prepaid: Facebook, Western Union, And Green Dot
Source: Digital Transaction
Prepaid card processors paired up with partners ranging from Facebook to Western Union to the MoneyPass surcharge-free ATM network in deals this week that expand the processors’ distribution channels and transaction sources.
Read More |
|
December 9, 2009 Press Release
MONEY DASHBOARD, POWERED BY YODLEE®, TO LAUNCH IN 2010
Redwood City, CA - December 9, 2009 - Yodlee®, Inc, the leading provider of online and mobile personal finance management (PFM) and payments solutions, and Money Dashboard, an online, personal finance management solution for UK consumers, today announced plans to open the Money Dashboard personal finance management portal, powered by Yodlee PersonalFinance™, to all UK consumers in 1H 2010.
Read More
|
|
December 9, 2009 Press Release
ACCULYNK ANNOUNCES JELLY BELLY AS NEWEST PAYSECURE MERCHANT
Atlanta, GA, December 9, 2009 – Just in time for the holidays, Acculynk announced today that Jelly Belly Candy Company, maker of gourmet jelly beans, candy corn and 100 other sweets since 1898, now offers PaySecureTM. Shoppers can get great deals on last-minute gifts and stocking stuffers at Jelly Belly while enjoying the security and convenience of using their debit card with PaySecure.
Read More
|
|
December 9, 2009
As Online Bill Pay Surges, WEB Closes Gap with E-Check Leader ARC
Source: Digital Transactions
Paper-based bill payments continued their decline in the third quarter while Internet bill payments gained more ground, according to the latest automated clearing house data.
Read More
|
|
December 7, 2009 Press Release
Sapient and Geezeo partner to deliver next-generation online banking solutions
BOSTON – December 7, 2009 – Sapient (NASDAQ: SAPE) and Geezeo, a diversified Internet banking provider, today announced that the two companies are partnering to help retail financial organizations enhance their digital offerings to build and foster a stronger community in today’s multi-channel world. The partnership combines Geezeo’s best-of-breed banking products for personal financial management and social media with Sapient’s expertise in creating and implementing multi-channel digital marketing and commerce solutions that deliver immersive, profitable customer experiences.
Read More
|
|
November 25, 2009
Facebook Talking to Developers About New Plans for Its Virtual Currency
Facebook first broached the idea of creating its own virtual currency for third-party developers back in December of 2007. The company has slowly rolled the “Credits” product out. First it introduced the currency for buying gifts in its own gift shop last November, then a tweak here and there, and most recently the launch of Credits for third-party applications this past May. By Eric Eldon, Inside Facebook (Read More)
|
|
November 24, 2009 Press Release
Stuart Williams from Fiserv Selected as Vice Chairman of NACHA's Council for Electronic Billing and Payments
Brookfield, Wis., November 24, 2009 - Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that Stuart Williams, vice president of Industry Relations for Fiserv, was elected Vice Chairman of NACHA's Council for Electronic Billing and Payments (CEBP). Formed in 1993, the CEBP promotes electronic consumer and business-to-business billing and payment programs and services, providing an open forum for education, resource development, research and the exchange of information about the electronic billing and payment industry.
Read more |
|
November 23, 2009 Press Release
Fiserv Recognized as a Top Online Bill Payment Provider by Aite Group
Fiserv leads industry in end users, transactions and key features such as bill presentment
BROOKFIELD, Wis., Nov 23, 2009 (BUSINESS WIRE) -- Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that the company was recognized as a top online bill payment processor in a recent report by Aite Group, a financial services research firm. Fiserv provides highly integrated, user-friendly online banking and bill payment solutions through the industry's most comprehensive network of financial institutions, billers and end-users.
Read more |
|
October 08, 2009
First Data And PayPal Team Up To Offer New Online Payment Services For Star® Network Cardholders
Global electronic commerce and payments processing leader First Data today announced an agreement with PayPal that allows debit cardholders in First Data's STAR® Network to quickly link their STAR debit card to a PayPal account online. First Data's STAR Network is the first electronic funds transfer network to offer this innovative service to its member financial institutions.
Read more |