With EZApproval, merchants have access to EZCheck’s national check writer, bank account validation and account status databases. The merchant’s ID is automatically recalled and a response is returned in a few seconds. EZApproval also guarantees payments, eliminating the risk of accepting checks. EZCollect enables merchants to collect on nonsufficient funds (NSF) checks at no cost. Checks returned as NSF are automatically directed from the business’ bank to EZCheck for collection. Once the check is collected, the merchant receives the full face value via an electronic deposit (one per month). EZCollect customers post a notice at each point-of-sale and write the merchant ID number of the face of the check before it is deposited.

    In addition, all HSBC-branded ATMs in Walgreens stores will be surcharge-free to the bank’s customers – just like its on-premise ATMs.

    Under the terms of the settlement, ECHO and XPRESSCHEX entered into an agreement to license LML’s patents for electronic check conversion in the direct consumer field. Each of ECHO, XPRESSCHEX and LML also agreed, for a period continuing through June 1, 2009, not to initiate any other patent infringement claims in the United States or Canada against each other.

    So a NACHA-led industry group has launched a new, interactive Web site to educate consumers about the benefits of using electronic payments, www.electronicpayments.org. This website contains information on direct deposit and direct payment and also defines check conversion and discusses how it differs from other types of electronic payments.

    Using future credit card sales as collateral, AdvanceMe is able to provide merchants funding through credit card processing. This partnership will enable First American to provide a funding solution.

    Metavante’s imaging solution enables lenders to capture, store and provide instant access to credit files and documents. Credit information is electronically stored in a centralized repository that can be accessed by qualified personnel from any secure remote location.

    The acquisition of Airtime marks the third recent acquisition by InComm, which also purchased KwikSystems, LLC and Prepaid Enterprises, LLC. InComm plans to integrate the newly acquired businesses to further enhance its technology transactions solutions for service providers. InComm also recently acquired PRE Holdings, Inc., a deal that closed in June.

    In addition to its status as a QDSC, AmbironTrustWave is qualified by all the card associations to provide vulnerability scanning and incident response services to all businesses in the payment card industry.

    Precidia customized its access devices and management system to support TNS’ monitoring and authentication requirements, providing a range of powerful new deployment, diagnostic and transaction routing capabilities.

    Axalto will be offering a “fee-per-card” scheme that allows banks to migrate to the advanced EMV standard without a large upfront investment. As part of the Visa Smart Breakthrough program, Axalto offers Visa member banks its field-proven personalization package, which includes data preparation, personalization software suite for EMV cards, quality control software, as well as ongoing technical support.

    ElevenOS is the on-demand guest broadband software solution from Eleven. $$$ ON THE NET is the real-time electronic payment gateway system from Shift4. Both are now integrated to allow hotel properties using ElevenOS to accept credit cards for service through the payment gateway from Shift4.

    FraudProbe is a turnkey, network-based appliance that passively monitors online transaction activity to and from Web applications. FraudProbe delivers a highly compressed data set directly to the enterprise fraud management system.

    The SLIM CD platform can support MagTek’s products to process credit card transactions through a myriad of transaction processors such as, Vital, First Data, Nova, Paymentech, Global Payments, RBS Lynk, Heartland and Fifth Third.

    The fraud solution is designed to provide merchants with multi-layer fraud prevention, which will reduce chargebacks and manual validation expenses.

    When shoppers click on the SECURE-eBill option at checkout, an e-mail invoice, the ‘eBill’, confirming their purchase arrives in their email instantly. Consumers then pay the invoice using their secure online banking account, just as they would pay their utility bills. The money is transferred, bank-to-bank, and the transaction is complete.

    Under terms of the non-exclusive relationship, TNS and MEI will provide vending customers with the ability to purchase items via cash, coins, debit or credit cards supported by MEI’s Remote Data Port technology.
    The MEI Remote Data Port supports the MEI EASITRAX Vending Management System, which offers dynamic scheduling, machine status alerts and curbside polling.

   

    Global Electronic Technology, Inc. also successfully passed Visa’s Cardholder Information Security Program (CISP) for the third consecutive year.

    The cooperative, owned by 124 member credit unions, became a CO-OP Network member/shareholder in June 2003.
    This new agreement with ENCORE marks the seventh merger for CO-OP Network in the last decade. During this time, CO-OP Network has grown from 329 California and Nevada member credit unions with 1,400 ATMs to nearly 2,000 member credit unions across the country with access to 25,000 surcharge-free ATMs (6,000 deposit-taking).

   

    Shift4 utilized a combination of its Tokenization technology, which replaces the credit card number with a randomly generated unique ID, and data truncation. Tokenization eliminates the need to store credit card data anywhere in the system, enabling the systems to comply with the PABP requirements while still allowing for full reporting, incremental authorizations, credits and so forth.

    First Data will provide AMCORE Bank merchants with customer service, marketing and sales support, equipment servicing and training and payment processing including authorization, settlement, chargeback, reconciliation, credit, debit, gift card, check verification and check guarantee services.

    Ezic’s Direct Mode is a network API which can be accessed using all major programming languages to execute payment transactions for electronic commerce, subscription and recurring billing, call centers and card-present retail environments.
    Transaction data is sent to Ezic’s system over an SSL encrypted connection from the payment application software used by the merchant. This gives the merchant the ability to completely customize and integrate real-time payment processing into their own applications, whether developed in-house or purchased from a third party software vendor.

    The ClearCheck services include Web-based products and tools that provide clients easy access to view and analyze their check collection portfolio and a streamlined process to handle returned checks.

    CrossCheck will make the PC option available to any merchant using their CrossCheck Conversion Plus service. The CrossCheck Conversion Plus service enables a merchant to convert checks at the point of purchase, eliminating the need to take checks to the bank for deposit. Check information is sent through a POS terminal or by PC using the CrossCheck Web site and funds are ACH’d into the merchant account. CrossCheck’s Conversion Plus service includes business check conversion and guarantee features.

    U.S. Bankcard Services, Inc. expects to sell thousands of the dual- language Hypercom T7Plus with C application credit/debit terminals to a market comprised of more than 60,000 Chinese-American retailers according to the latest economic census from the U.S. Census Bureau. Hypercom’s T7Plus with Big 5 Chinese character font software is configured specifically to facilitate its operations by merchants in either Chinese or English languages. Big 5 is a character encoding method used in Taiwan and Hong Kong to enable traditional Chinese characters to be rendered on computers.

    For the millions of merchants who take payments in the field, the “cashless economy” is a growing reality: a 2004 study issued by the U.S. Federal Reserve stated that electronic payment transactions grew to 44.5 billion and nearly 37 billion check transactions occurred in 2003. Yet, for a merchant who cannot easily and securely process checks and credit cards in the field, bounced checks, lost checks, and “card not present” credit card transactions all threaten the bottom line.
    The launch of the Mobilescape 5000 provides merchants with a solution that includes hardware, software, integration services, wireless service, transaction processing, and 24x7 customer support and maintenance.

    DTI is offering John Amico members who join up $300 toward John Amico product purchases and offering members $100 more in credit to sponsor another member. Members who sponsor another business associate not affiliated with John Amico, such as a neighboring business, will also receive $250 in product credit.

    In the aggregate, the management group making the proposal currently holds more than 5 percent of the outstanding shares of TNS common stock. The proposal is subject to a number of conditions, including, among other things: obtaining financing for the proposed transaction on satisfactory terms and the negotiation and execution of definitive transaction agreements on mutually acceptable terms.
    The TNS board has established a special committee consisting of three independent directors to evaluate the proposal and to determine what is in the best interests of TNS and its public stockholders. The committee is authorized to negotiate on behalf of TNS with respect to the proposal and to consider and pursue all strategic alternatives for TNS. The special committee is authorized to retain independent financial, legal and other advisors.

    To use the feature, Citizens and Charter One customers tap their PayPass-enabled debit cards on the special PayPass reader located near the cash register of participating retailers. For PayPass transactions under $25, there is no need for customers to sign a receipt. To signal a customer’s purchase is complete, the reader will flash a light and produce a tone sound.

    DialPay is an automated response system that can be used when a merchant requires a voice authorization for Visa and MasterCard transactions. This system enables merchants to use a touch-tone telephone in the same way they would use a POS terminal by following voice prompts and entering the appropriate information on the telephone’s keypad.