US Chip Market To See 41 PC CAGR To 2004
Chip-based payment cards in North America will grow at a 41 per cent compound annual rate over the next three years, from 32 million cards in 2000, to 125 million, in 2004, according to Frost & Sulliv...
Barclaycard Uses Trintech's eIssuer Product
Barclaycard, Europe's leading issuer of credit cards, is to deploy Trintech's PayWare eIssuer product to offer its customers e-wallet functionality for online purchases from Web storefronts. Shopsmart...
US Consumers Still Need Persuading On iTV
Although nearly 75 per cent of US consumers need to be convinced that interactive TV (iTV) is an indispensable service, IDC predicts 79 million US households to access iTV services by 2005. This total...
Visa's PAS Is 'A Step In The Right Direction'
Visa's new program, 'Verified By Visa', in which online transactions will be verified with a password, "is a step in the right direction", according to Gartner analyst, Avivah Litan. Because the marke...
Hacker Targets eCount Online Payments Site
E-payments provider, eCount, has stated that its Web payment site, Webcertificate.com, was targeted by hackers recently, but customers' credit card numbers are not at risk, due to not being stored on ...
Are The Card Firms Stalling On Chip Cards?
Major card firms stand to lose 86 per cent of their network revenue when moving to smart cards, since chip cards approve payments without a network authorization, according to Booz Allen & Hamilton. B...
Best mCommerce Players 'Go Beyond Niche'
For credit card firms like Visa International, the major issues in mCommerce, are user authentication, and which parties should bear the credit risk for large purchases made with mobile devices. Bruce...
Sprint, Nextel Convert 'Browsers' To 'Buyers'
Smaller telcos like Sprint PCS, and Nextel, convert nearly three times as many Web site visitors to secure transaction pages, as the two largest wireless carriers, Verizon, and Cingular, according to ...
eONE To Buy Brokat's Mobile Business Unit
eONE Global, which is majority owned by First Data Corp, is to buy Brokat's m-Business division for € 42 million, to focus on the European market, and offer m-wallets for WAP payments, and microp...
E-Tailers Must Avoid Transaction Turbulence
Successful eCommerce needs to avoid hazards like "transaction turbulence", resulting from deficiencies in an eCommerce platform hindering or derailing an online transaction, according to Internet D...
US Issuers Lost USD 1 Bn To Fraud In 2000
Card fraud in Germany, Spain, Italy, Britain and France, rose by an average of 65 per cent in 2000, to USD 693 million, while that in the US rose 20 per cent, according to Datamonitor. The paper, "Com...
Flooz Denies That Card Fraud Caused Its Fall
Flooz CEO, Robert Levitan, denies that credit card fraud hastened Flooz's recent demise, but the firm is said to have sold USD 300,000 of its currency to a ring of credit card thieves in Russia and th...
BITS Aims To Catalyze US Mobile Banking
BITS, the Banking Industry Technology Secretariat, wants "to rally the wireless industry" into working with the financial services industry in developing and promoting mobile banking and commerce. On ...
Prepay Customers 'Are Not Deadbeats'
Prepay customers aren't deadbeats, states Mobile Transactions, since by 2005, prepay subscribers will represent 50 per cent of mobile consumers, and micropayments can be deducted from their cre...
Dot-Com Woes To Prompt Maturing Of P2P?
Bank of America is testing a P2P payments system in-house, before deciding whether to launch a P2P service in competition with PayPal and services from other large financial institutions. In short, Bo...
KDDI To Trial Real-World Mobile Payments
Japan's second carrier, KDDI Corp, is to trial a mCommerce service enabling its subscribers to shop in real-world stores with the help of a special credit card function that will be added to their pho...
SmartTrust, Pulso PKI-Enable Latin Market
Sonera SmartTrust has appointed Brazilian eBusiness provider, Pulso, to resell its over-the-air solutions in the Latin market, in a deal demonstrating Brazil's potential for wireless finance. The Yank...
Xiring Licenses Ericsson Wallet Technology
Ericsson has licensed its mobile wallet technology, first demonstrated at CeBIT 1999, to smart card firm, Xiring, which develops personal smart card readers and secure transaction solutions for consum...
eMarketer: mCommerce At Crossroads In US
While mCommerce is tipped to reach USD 700 million, to USD 27 billion, by 2004, eMarketer predicts 30 million mCommerce users, spending USD 50 each, will spend USD 1.5 billion in total, wirelessly, by...
Jupiter: 'More To eCommerce Than Profits'
Offline retailers with a fairly successful transactional Web site will derive almost two-thirds of their total Web benefits from the non-transactional functions of this site, according to Jupiter. In ...