UK ATM Operator To Offer Multiple Services
UK ATM network operator, Link Interchange Network, which runs 40,000 cash points for UK banks and building societies, will soon offer multi-purpose service points that support ticket sales and bill pa...
TM Cellular To Use SMHC mPayment System
Malaysian wireless carrier, TM Cellular, has teamed with Bumiputra-Commerce Bank (BCB), and Filipino firm, Smart Money Holding Corporation (SMHC), to offer mobile banking and commerce services. BCB al...
Korea's Carriers Clashing With Card Firms
Korea's wireless carriers "are clashing with credit card companies over wireless transactions and billing services" as both seek to mark out territory in the new mCommerce space, the Korea Herald repo...
Online B2B Grew Exponentially In Q2, 2002
Online B2B transactions grew substantially in Q2, 2002, according to Forrester Research and the Institute for Supply Management, with "organizations buying significantly more direct and indirect mater...
New Players In US Cross-Border P2P Market
Competition for the cross-border remittance business between Mexico and the US is intensifying, with two new announcements that seek to simplify online remittances for banks and consumers, respectivel...
Paid Web Content A Viable Revenue Source
During Q1, 2002, Internet consumers paid USD 300 million for content, an increase of 155 per cent over Q1, 2001, after spending USD 675 million on content in full-year 2001, according to comScore Netw...
Sky TV Using SMS-TV To Drive Revenues
UK digital TV giant, Sky, is to offer an innovative TV-based send and reply SMS service in an endeavor to derive revenues from mobile phone use, after selling 350,000 ringtones to viewers at Stg 1 to ...
BACS PKI System To Become UK Standard?
UK clearing house, BACS, has devised a smart card-based PKI infrastructure that is likely to become a standard for online trade among UK businesses, while serving to accelerate the growth of eCommerce...
Credit Card Users Keen To Pay Bills Online
Credit card issuers "are generally not co-operating with consolidated bill payment", says Gomez analyst, Chris Musto, as "the biller-direct model is doing comparatively well, particularly in the credi...
Citibank Positions As B2C Payments Engine
Citibank is to offer its merchants a branded B2C ePayment service, powered by CyberSource, while, in a separate development, major e-tailer, Buy.com, is to use a new ePayment solution from Retail Deci...
Most UK Firms Unaware Of Chip & PIN Move
Although the UK is tipped to roll out chip-and-PIN payment technology from late 2003, 41 per cent of UK firms are unaware that the technology is to be used for all face-to-face credit card payments fr...
EPN, WesPay To Promote ACH Payments
The Electronic Payments Network (EPN), a service of the bank-owned NYCH, is to increase its reach by marketing its ACH processing services through Western Payments Alliance (WesPay). EPN's private-sec...
RichSolutions Offers Mobile Card Payments
RichSolutions is offering a mobile applications suite, RichPayments For Mobile Devices, to render PDAs and mobile phones as mobile credit card terminals that supports signature capture and receipt ret...
Wilkinson Uses Trintech's PayWare SmartPIN
Wilkinson, one of the UK's largest DIY and household retailers, is to use Trintech's PayWare SmartPIN solution to accept chip-based credit and debit cards with secure PIN authorization at the point-of...
Mobile Music Not As Lucrative As Ringtones
Mobile music downloads do not have the same revenue opportunities as ringtones, according to Ovum Research, which predicts the global mobile entertainment market to total USD 3 billion by 2005. "Many ...
NSTAR Uses Clareon's PayMode For Billing
NSTAR, Massachusetts' largest investor-owned electric and gas utility firm, is using Clareon's PayMode technology to receive electronic payments from its corporate, institutional and public-sector cus...
Web Services 'Not Ready For Prime Time'
CIOs "hoping to use Web services must come up with their own security and reliability solutions", CIO magazine advises, as surveys show security to be "by far the biggest concern among Web serv...
Windows Flaw Facilitates Credit Card Theft
Microsoft has warned of a flaw in its Windows system that could allow a Web site with a valid certificate to issue a second, invalid certificate that gives unauthorized access to a PC, or allows the t...
Philips, Sony Team For Wireless Payments
Sony Corp and Philips Electronics are to devise a range of interoperable smart devices capable of transferring payment and data over short ranges, using near-field radio-frequency communication (NFC) ...
Banks Still Chasing An EBPP Profit Model
Banks are most likely to offer EBPP services to reduce billing costs and to respond to consumer demands for e-billing services, according to eMarketer, but may need to keep e-billing free to boost use...