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IPAYMENT SPENDS $130M TO GAIN ACCOUNTS
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IPayment Inc. saw its stock price rise 15% yesterday after the company announced a $130 million acquisition and raised its 2005 profit forecast.
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Posted: Wednesday, December 29, 2004
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SERIAL-ETHERNET CONNECTIVITY FOR CREDIT CARD PAYMENT TERMINALS
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The POSLink is a Secure Socket Layer (SSL) equipped Serial to Ethernet converter for serial-line based credit-card payment terminals.
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Posted: Wednesday, December 29, 2004
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VISA'S WIRE-TRANSFER PUSH TO HEAT UP RIVALRY WITH FIRST DATA
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Visa International Inc. and First Data Corp. have long maintained a conflicted relationship, one where they do business with each other and try to take business from each other.
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Posted: Tuesday, December 28, 2004
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INDUSTRY UPDATE
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Attempted check fraud at U.S. banks rose to $5.5 billion in 2003, according to the latest American Bankers Association (ABA) 'Deposit Account Fraud Survey Report.'
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Posted: Tuesday, December 28, 2004
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UNDERWRITING IN TODAY'S CREDIT CARD WORLD
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The underwriting department works in conjunction with the risk department to assist in identifying risk exposure for the prevention of losses. It also retains and services a customer base.
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Posted: Tuesday, December 28, 2004
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MERCHANTS MISSING GIFT CARDS? PLENTY OF OPPORTUNITIES EXIST BEYOND THE HOLIDAY SEASON
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Although gift card hype abounds for the upcoming holiday season, it's far from being a once-a-year opportunity, and gift card program providers are eager to work with you to expand sales.
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Posted: Tuesday, December 28, 2004
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MASTERCARD'S MURDO MUNRO FORECASTS PAYPASS CONTACTLESS PAYMENT PROGRESS IN '05
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A panel of ID industry experts provided predictions for 2005. One of these glimpses into the future will appear here each day during December.
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Posted: Tuesday, December 28, 2004
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TIPS ON FRAUD PREVENTION FOR YOUR MERCHANTS
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Whenever I use a credit card to make a purchase, I see that most merchants do not follow all of the proper procedures to protect themselves from fraud and the potential of needless chargebacks.
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Posted: Tuesday, December 28, 2004
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CHECKING ACCOUNTS REQUIRE PROTECTION
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It may be getting easier for thieves to clean out your checking account.
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Posted: Sunday, December 26, 2004
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LAWS WOULD COMBAT IDENTITY THEFT
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Several measures to combat identity theft locally are just a signature away from becoming state laws.
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Posted: Sunday, December 26, 2004
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MANY CONSUMERS UNAWARE OF ROUTINE 'BOUNCE LOANS'
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These days, banks are allowing customers to go over the limit when they're at the ATM or making check-card purchases.
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Posted: Saturday, December 25, 2004
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HOW TO DISPUTE A CREDIT CARD PURCHASE
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It's trickier than you might think. Here's what you're entitled to under the law, and the steps you need to take to make a successful case.
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Posted: Saturday, December 25, 2004
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RETAILERS BRUSH OFF GIFT CARD CONCERNS
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Popularity moves sales into new year
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Posted: Saturday, December 25, 2004
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GIFT CARDS: IT'S YOUR MONEY
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If you buy or receive one of those colorful gift cards, or if you are following a growing controversy about gift cards, the main thing to keep in mind is that it's not the merchant's money, it's your money.
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Posted: Friday, December 24, 2004
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NETSUITE ADDS MULTICURRENCY PROCESSING
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NetSuite has partnered with WorldPay, part of The Royal Bank of Scotland Group, to provide multicurrency credit card processing for its e-commerce customers around the world.
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Posted: Wednesday, December 22, 2004
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SMARTPAY LAUNCHES PAYMENT SERVICES IN LIAONING
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Electronic Payment Services Brought to Mobile Subscribers in Liaoning Province
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Posted: Tuesday, December 21, 2004
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CARD STORES SETTLE CREDIT CARD RECEIPT CASE
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Carlton Cards has agreed to pay $100,000 in costs and penalties and to replace its credit card processing machines statewide to settle a case with the Orange County district attorney's office and the state attorney general's office.
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Posted: Tuesday, December 21, 2004
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OPTIMAL PAYMENTS TO BUY MERCHANT CARD
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Canadian payment services provider Optimal Payments Inc. on Monday said it plans to buy privately held Merchant Card Acceptance Corp. for $4.6 million.
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Posted: Monday, December 20, 2004
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CHEVY CHASE BANK RENEWS RELATIONSHIP WITH STAR SYSTEMS (STAR) AND FIRST DATA
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First Data Corp. today announced that Chevy Chase Bank has renewed its relationship with the STAR Network (STAR) for PIN-secured debit services.
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Posted: Monday, December 20, 2004
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OPTIMAL PAYMENTS TO ACQUIRE MERCHANT CARD ACCEPTANCE
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Acquisition Adds $625 Million in Annual Processing Volume and 7,500 Merchants
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Posted: Monday, December 20, 2004
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LIPMAN RECEIVES $2.5M ORDER FROM UNITED BANK CARD
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The US market is central to Lipman's global business expansion efforts.
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Posted: Monday, December 20, 2004
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MERCHANT ADVISORY: INCREASED USE OF GIFT CREDIT CARDS REQUIRES UPDATE OF MERCHANT FRAUD RULES
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ClearCommerce, the leading provider of fraud prevention and payment processing solutions, today issued a merchant advisory encouraging retailers to closely review Address Verification System (AVS) rules used to process online orders.
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Posted: Monday, December 20, 2004
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IS THERE A FUTURE FOR THE SUB-ISO?
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ATM sales and placements have skyrocketed in recent years, as more and more businesses and merchants lined up to share in the surcharge revenue.
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Posted: Friday, December 17, 2004
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PAPER OR PLASTIC?
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It used to be a question asked only at the grocery store. But now it's being asked in practically every store, and according to a recent Federal Reserve study, the answer is most often 'plastic.'
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Posted: Friday, December 17, 2004
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GAP BETWEEN UK AND US ONLINE SHOPPING HABITS SET TO CLOSE THIS HOLIDAY SEASON
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The gap between the
proportion of UK and US consumers buying online will be closed this holiday
season, according to research commissioned by payment processor and card fraud
prevention expert Retail Decisions (ReD).
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Posted: Friday, December 17, 2004
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DAILY DISPATCH
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NetSuite unveils multicurrency credit card processing.
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Posted: Friday, December 17, 2004
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TRANSACTION VOLUMES FOR DECEMBER PROJECTED AS PDS' BEST PROCESSING MONTH TO DATE
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Payment Data Systems Experiencing Significant Growth
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Posted: Friday, December 17, 2004
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A CONSUMER'S GUIDE TO E-PAYMENTS
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The Internet has taken its place beside the telephone and television as an important part of people's lives. Consumers use the Internet to shop, bank and invest online. Most consumers use credit or debit cards to pay for online purchases, but other payment methods, like 'e-wallets,' are becoming more common.
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Posted: Thursday, December 16, 2004
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HACKER GETS NINE YEARS FOR WARDRIVING
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Longest ever hacking sentence passed...
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Posted: Thursday, December 16, 2004
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NEW FEDERAL LAW IS LIKELY TO INCREASE COLD CHECKS
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The holiday shopping season means more than busy clerks, increased sales revenues, and Christmas decorations. Quite often, the season ushers in a tide of cold checks written by shoppers trying to stretch their checkbooks a little too far.
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Posted: Thursday, December 16, 2004
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ON EVERY MERCHANT'S HOLIDAY WISH LIST: E-COMMERCE
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Now that the elections are over, it's time to start making projections on the outcome of the 2004 holiday shopping season. This year, all good merchants should ask for e-commerce accounts to take their businesses online.
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Posted: Thursday, December 16, 2004
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INDUSTRY UPDATE
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More Organizations Willing to Migrate to e-Payments
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Posted: Thursday, December 16, 2004
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TACO BELL ADDS CREDIT AND DEBIT CARDS TO THE MENU
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Taco Bell customers now have more options when paying for their tacos and burritos. The Company will accept credit and debit cards in all of its 1,300 company-owned restaurants and in many of its 4,000 franchise locations.
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Posted: Thursday, December 16, 2004
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AMERICAN EXPRESS ANNOUNCES FIRST NATIONAL MERCHANT PARTNER FOR EXPRESSPAY FROM AMERICAN EXPRESS
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CVS and American Express today announced that CVS has agreed to become the first national merchant partner to accept ExpressPay from American Express. CVS has already ExpressPay -- enabled POS terminals in 485 stores in Arizona, Texas, Florida, Louisiana, Mississippi, Kansas and Missouri and plans a full roll out to its entire fleet of more than 5,300 stores by mid-2005. American Express plans to expand ExpressPay's availability to consumers nationwide in 2005.
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Posted: Wednesday, December 15, 2004
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CITI AND AMEX: PLASTIC FANTASTIC?
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The financial titans hope their co-branded cards win over better-heeled, prompt-paying consumers. It may not be so simple, however.
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Posted: Tuesday, December 14, 2004
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MOBILE PAYMENT SYSTEMS NOT ROLLING IN DOUGH
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While most of the attention in the mobile payment world has been focused on Japan, a few efforts are underway in Europe.
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Posted: Tuesday, December 14, 2004
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FIFTH THIRD, FEDERATED PROFIT FROM HOLIDAY STAPLE'S POPULARITY
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Gift cards have become America's most popular holiday gift in 2004, knocking apparel out of the top spot, according to a national survey of more than 15,000 consumers by Deloitte & Touche USA.
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Posted: Tuesday, December 14, 2004
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INTUIT PAYCARD DEBIT CARDS NOW ACCEPTED BY MASTERCARD MERCHANTS
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Convenient, Cost-Effective Service Extended to Intuit Payroll Services Customers
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Posted: Tuesday, December 14, 2004
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PLASTIC, NOT PAPER
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Debit cards reach record popularity
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Posted: Monday, December 13, 2004
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SHOPPERS AND SHOPS GAGA OVER GIFT CARDS' SIMPLICITY
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This season, more people will buy cards than clothes.
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Posted: Monday, December 13, 2004
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METAVANTE TO PROVIDE CARD PROCESSING FOR CLOUT TO PILOT VISA MINI CARDS
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Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation, today announced that Clout Financial Services, Inc. began piloting Visa mini cards to its customers this month.
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Posted: Monday, December 13, 2004
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CHANGES COMING FOR HSA DEBIT CARD FEES
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Periodically revisiting the fees associated with HSA, HRA and FSA debit cards may save your employees money.
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Posted: Sunday, December 12, 2004
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ASIA PAY TO INCREASE SYSTEM AND TECHNICAL MANAGEMENT RESOURCES DUE TO DEMAND FOR PROJECTS
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Asia Payment Systems, Inc. today announced that it is adding key technical staff and systems necessary to support the rapidly increasing workload of new projects coming in from customers in both Japan and China.
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Posted: Friday, December 10, 2004
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MICRO-COMMERCE PRESENTS MEGA-OPPORTUNITIES
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The market research on micro-sales is eye-popping. In-Stat/MDR estimates mobile games will grow to a $3 billion market by 2006, and the ARC Advisory Group has already seen cellular ring-tones eclipse $3.5 billion in 2003. Forrester Research predicts digital music downloads will reach $3.2 billion in revenue by 2008.
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Posted: Friday, December 10, 2004
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THE EVOLUTION OF EPAYMENT SERVICES AT UB
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Given the level of competition in higher education, it's no surprise that she felt that we must be able to accept payments over the internet.
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Posted: Friday, December 10, 2004
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FIRST DATA DECLARES REGULAR QUARTERLY DIVIDEND
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First Data Corp. today declared a regular quarterly dividend of $0.02 per common share. The dividend is payable on January 12, 2005, to shareholders of record on January 3, 2005.
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Posted: Friday, December 10, 2004
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FEDERAL RESERVE REPORTS ELECTRONIC TRANSACTIONS HAVE SURPASSED CHECK PAYMENTS
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In 2003, e-payments exceeded paper checks for the first time in the U.S., at 44.5 billion e-payments, versus 36.7 billion check payments, according to a new Federal Reserve study, reported ePaynews.com.
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Posted: Thursday, December 09, 2004
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ALL CREDIT CARDS WILL BE CHIP-BASED NEXT YEAR
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MALAYSIA is set to switch its entire credit-card base to a chip-based platform from the beginning of January next year.
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Posted: Thursday, December 09, 2004
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CASH TECHNOLOGIES SUBSIDIARY LAUNCHES THE CASHTECH.CARD
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Cash Technologies, Inc. announced today that its subsidiary, Heuristic Technologies, Inc., has launched a debit card product called the CashTech.Card.
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Posted: Thursday, December 09, 2004
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CHEVY CHASE BANK CUSTOMERS ASKED TO BE ON ALERT FOR CHECK CARD FRAUD
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Chevy Chase bank customers should be on the alert.
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Posted: Thursday, December 09, 2004
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FIRST ATLANTIC COMMERCE LAUNCHES SECURE EUROPEAN ECOMMERCE PAYMENT SOLUTIONS
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Multi-Currency Payment and 3-D Secure(TM) Payer Authentication Solutions Facilitate Merchant Expansion to the EU
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Posted: Thursday, December 09, 2004
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U.S. ELECTRONIC PAYMENTS SURPASS CHECKS
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Use of electronic payment methods, including credit and debit cards, surpassed checks in the United States for the first time in 2003, according to a study by the Federal Reserve. Electronic transactions totaled 44.5 billion, compared to 36.7 billion checks.
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Posted: Wednesday, December 08, 2004
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DEBIT CARDS ARE THE NEW CASH
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A recent Harris Poll conducted for Visa USA showed when it comes to buying an article of fall clothing, such as a sweater or jeans, nearly half of the 1,562 people surveyed said they were most likely to use a debit card. Among 18- to 34-year olds such as Perez, 54 percent said they would use debit cards.
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Posted: Wednesday, December 08, 2004
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HOLIDAY SHOPPING AND FINANCE MANAGEMENT TIPS
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It's that time again. The temptation to overspend during the holiday shopping season may be greater than eating too many of Aunt Millie's holiday cookies. Both will get you into a foul mood, when you look in the mirror or your bank account, come January.
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Posted: Wednesday, December 08, 2004
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AMERICAN EXPRESS BRANDED HOUSEWARMING GIFT CARD DEBUTS
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A new American Express branded gift
card called The Housewarming Gift Card(TM), Gold Edition will be available to
the real estate, homebuilding and mortgage industries beginning January, 2005.
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Posted: Wednesday, December 08, 2004
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ETELCHARGE.COM, INC. SURPASSES 11,000 SUBSCRIBERS
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eTelcharge.com, developers of the exclusive online currency that allows online shoppers the option to charge items to their phone bill, today announced that its pay option has surpassed 11,000 subscribers during it testing phase.
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Posted: Wednesday, December 08, 2004
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CARDS: RBC BRINGS CANADA'S DEBIT CULTURE TO U.S.
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RBC is the first Canadian bank to offer debit card usage in the U.S. for its Canadian customers. It's a smart move considering they use debit in droves and visit the states as a matter of course.
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Posted: Friday, December 03, 2004
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SHOWING IT ALL ONLINE?
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To publish ATM prices online or not -- this appears to be an increasingly divisive issue in the retail ATM industry.
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Posted: Friday, December 03, 2004
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SHOP LOCALLY; KEEP MONEY IN COMMUNITY
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The Associated Press reported that last year, there was a 31 percent growth in the amount spent on Internet shopping over the previous year. This year, the amount is expected to be $13.2 billion — 20 per-cent over last year.
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Posted: Thursday, December 02, 2004
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CREDIT VS. DEBIT
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Popularity of plastic is rising, but be sure to know how your card works before shopping.
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Posted: Wednesday, December 01, 2004
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ABBEY NAMED IN SECURITY BREACH
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The high street bank has recalled 1,000 credit cards
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Posted: Wednesday, December 01, 2004
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PAGO STUDY 2004 SHOWS: E-COMMERCE HAS GROWN UP
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Analysis of More Than 16.5 Million Purchasing Transactions Gives a Realistic Idea of E-retailing in Germany and Europe
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Posted: Wednesday, December 01, 2004
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PAY BY TOUCH EXPECTED TO ACQUIRE ATM DIRECT
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Pay By Touch announced that it has signed agreements to acquire ATM Direct, provider of an all-software solution that brings PIN debit to the Internet, according to a news release.
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Posted: Wednesday, December 01, 2004
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