DVD Kiosks To Reach US Grocers Through 2007
Kiosk ventures require upfront capital with one DVD rental kiosk costing from USD 10,000 to USD 30,000, but are a valid proposition as DVD kiosks infiltrate high-traffic retail locations. Essentially,...
Transax Introduces Real-Time Claims Processing
Transax International has added a real-time payment option (RTPO) to its web-based MedLink solutions for healthcare, which process eligibility verification, claims submission and adjudication online. ...
MasterCard Canada Sets 2010 EMV Migration Goal
MasterCard Canada is to roll out EMV chip cards in the country between 2007 and 2010 at an estimated cost of CDN 1 billion, in an endeavor to reduce increasing levels of card skimming. Twelve MasterCa...
Vietnam's Card Market To Grow By 300 Per Cent
Two banks in Vietnam, ICB and Vietcombank, will be the first to issue EMV cards for security and value-added services in an endeavor to protect the fledgling credit card market against fraud. Under gl...
Cards To Take Bigger Share Of US Payments Pie
Consumers in the US are increasingly using e-payments for the average of 58 individual payment choices made per month, according to the 2005/2006 Study of Consumer Payment Preferences. Debit card use ...
IOCÆs Cashless Refueling Card Is A Strategic Tool
IndiaÆs largest state-owned fuel retailer Indian Oil Corporation (IOC) is to introduce electronic fuel dispensers, cashless refueling options and other value-added services to retain its market share....
ABN Amro To Transfer Data Over Secure Network
ABN Amro Mortgage Group is to switch to using secure electronic networks to send its customer data to credit bureaus after losing a tape with the details of over 2 million customers. The tape, with th...
Healthcare, IT Industries Undergoing Consolidation
The global healthcare IT market is estimated at more than USD 50 billion per year, but this will increase as the healthcare and IT industries work to provide joint solutions. Traditionally, IT is used...
Fuel Retail Benefits From Back-Office Integration
Many US-based fuel stations are integrating their POS and back-office operations for greater efficiency and competitive edge while seeking to eliminate paper from their accounting processes. Back-offi...
French Banks Plan To Increase EMV Card Security
Banks in France are starting to increase the security of their EMV cards to complicate fraudstersÆ efforts at counterfeiting chip-based cards as the cost of the more secure cards drops. Around 40 per ...
Contactless Payments Achieving A 'Ripple' Effect
Over 50 million contactless cards and devices could be in circulation in the US by end-2006, with up to 35,000 merchant locations or 20,000 POS terminals accepting cards, according to Visa USA. Contac...
Bank-Issued Gift Cards To Gain More Of The Pie
By 2007, sales of bank-issued gift cards will exceed USD 31 billion or over half of gift card volume for that year, according to Tower Group. Conversely, in 2004 bank-issued gift cards accounted for j...
Card Products Help Banks Grow Market Share
In Latin America, electronic payments volume has benefited from the recent modernization of the underlying financial infrastructure and of the growing popularity of card-based payment products. The us...
Healthcare Industry 'Getting' Online Transactions
Web-based healthcare claims management platforms help provider groups to better manage the entire revenue cycle, not just routine claims submissions processes. Transaction processors for healthcare pr...
Chip & PIN Helps Increase UK's Debit Card Spend
Debit card spending in the UK is predicted to hit a new monthly high in December 2005 as chip & PIN technology simplifies small-value payments, card association APACs has advised. Spending of Stg 17.8...
Kiosk Industry To Grow By 20 Per Cent To 2007
The global kiosk industry is predicted to see a 20 per cent annual growth to 2007 as businesses and retailers shift routine service to self-checkouts, photo-processing and bill payment kiosks. Retail ...
McDonaldÆs Launches Reloadable Arch Gift Card
McDonaldÆs has formally launched its æArch Card,Æ a stored-value reloadable convenience card that is being marketed as a stocking-filler and gift card for the year-end holiday season. The card, availa...
Canada's Gas Stations See Increasing Card Fraud
Gas stations in eastern Canada are being targeted by thieves who are attaching card skimming devices to pumps, or bribing clerks to double-swipe cards through an illegal device at the counter. Card sk...
NJ Transit To Upgrade Self-Serve Ticket Machines
New Jersey Transit is to spend USD 12.2 million on 157 new self-service ticketing machines at its rail stations and bus terminals, and USD 5 million to upgrade 543 machines that are now in use. From e...
Greater Card Volume Being Promoted In Malaysia
Visa International has 6.5 million cardholders in Malaysia, but expects 7 million by end-2005, followed by a 25 per cent increase in 2006 as contactless, debit and prepaid cards enter the mix. Malaysi...