APACS, Banks Set Online Authentication Standard
UK payments association APACS is this month to run final usability tests on a single standard for a card reader that will physically authenticate transactions made online and over the telephone. Consu...
Suncorp Centralizes Its Transaction Processing
The Suncorp Group, AustraliaÆs sixth-largest banking group, is using an enterprise solution to consolidate its transaction processing and improve its reconciliation and exception management processes....
EMV Entrenching In Global Payment Card Markets
By mid-2005, 329 million EMV-compliant payment cards had been issued globally, 65 million of which were issued during 1H 2005 alone, or 38 per cent more than in the same period of 2004. At end-June 20...
Gas Station Owners Use Prepay To Cut Drive-Offs
Prepayment for gas purchases may become mandatory in Conway City, Florida, if local council officials approve a proposed ordinance to require city-area gas stations to adopt a pre-pay policy. The prop...
Handelsbanken To Offer Online Cash Management
Swedish financial group Svenska Handelsbanken is to offer a new web-based cash management service that includes multi-currency and cross-border capabilities, balance netting and notional pooling. The ...
Prepaid Debit Cards To Fuel Cashless Payments
A prepaid MasterCard-branded debit card, the Allow Card, has been launched in the US to give teenagers and young adults access to electronic payments while teaching lessons in financial literacy. The ...
Home Depot Testing Multi-Channel Kiosks At Malls
Home Depot, the second-largest retailer in the US, is testing self-service kiosks at two malls in Atlanta to gauge their potential for increasing multi-channel and extra-inventory store sales. For the...
Blockbuster Adds Online Vouchers To Gift Cards
Movie rental chain Blockbuster, which has over 9,000 stores in the Americas, Europe, Asia and Australia, recently launched an online gift voucher to complement its existing gift card range. The Blockb...
Trintech Unveils AssureNET GL Enterprise System
Trintech Group has launched its AssureNET GL enterprise process management system for general ledger account reconciliation, review and workflow management. As most organizations use manual or Excel-b...
7-Eleven Stores To Open At ProJET Fuel Stations
Malaysia-based petrol station chain, ProJET, is to operate 7-Eleven stores at 44 sites in place of its own Destina convenience stores from Q1 2006, as part of 7-ElevenÆs national expansion drive. Unde...
BB&T Uses An ASP To Manage B2B Payments
Financial services firms that manage B2B transactions through an outsourcer or ASP (application service provider) can quickly launch new products and services while improving their efficiency. As Yank...
BP Stations In Illinois Favor Prepayment For Gas
Some BP gas stations in the state of Illinois are asking drivers to prepay for gas before filling up their tanks in an endeavor to reduce drive-offs, whose frequency tends to reflect gas prices. The p...
Singapore's Credit Card Fraud At An All-Time Low
Credit card fraud in Singapore has fallen by 38 per cent in recent months, despite a significant increase in card transaction volume, according to the Monetary Authority of Singapore. Figures from Mas...
Restaurant POS Solutions Market Is Diversifying
Restaurants in the US are using the latest POS solutions to expand their pay-at-table, pay-at-counter, pay-at-the-curbside and pay-upon-delivery options, according to the Green Sheet. In short, POS te...
Small Retailers 'Getting' Gift Cards Despite Hitches
Smaller retailers in the US are switching from paper-based gift certificates to plastic gift cards to keep up with their larger rivals and reap the benefits of supporting gift cards. Plastic cards can...
ASPs Help Financial Entities Cut Costs And Risk
Businesses can outsource financial processes to ASPs (application service providers) to reduce costs and risk without having to undertake big IT investments to benefit from enhanced services. In finan...
Automated Convenience Stores Offer 24/7 Service
Advances in vending technology mean that payment card-enabled self-service stores can now be set up at college and business campuses, or at strategic public locations for 24/7 purchases. The first aut...
Major US Retailers Tackle Card Fraud With Extra ID
With card fraud in the US now costing over USD 17 billion a year, major retailers such as Best Buy, Kmart and JC Penney are requesting a ZIP code or photo ID for large card purchases. In California, r...
Europe's Wireless Operators Seeking Extra ARPU
Mobile phone penetration in most European Community (EC) countries is currently around 100 per cent, while EuropeÆs regional penetration will exceed 100 per cent in 2006 or early 2007. The Nordic coun...
Wal-MartÆs Gift Cards Benefit Multi-Channel Retail
US-based retail chain Wal-Mart is using gift cards as a multi-channel marketing tool by allowing customers to create personalized gift cards online, for collection at its one-hour photo centers. Wal-M...