ePayments Blog

U.S. Retail E-Commerce Growth Rates

Posted by John B. Frank Thursday, July 31, 2008 0 comments

RESTON, VA, July 31, 2008comScore today released its Q2 2008 retail e-commerce data, which showed that while year-over-year growth rates rebounded slightly in April (up 15 percent) after a soft March, they slowed again in May (up 12 percent) and June (up 11 percent)Nonetheless, total U.S. online retail sales (excluding travel) reached approximately $31 billion in Q2 2008. comScore CEO Magid Abraham and comScore Chairman Gian Fulgoni will discuss these data and other relevant e-commerce insights...

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Is There A Perfect Storm Brewing in the Credit Card Industry?

Posted by John B. Frank 0 comments

I have recently posted various blog entries regarding "congress investigating interchange fees", "the DOJ putting antitrust pressure on Visa", "the booming growth of debit" as people either cut up or put away their credit cards, along with "Discover and AMEX's antitrust suits against V/MC". There's a lot of turbulence in the air.There seems to be a perfect storm brewing here. Interchange Fees are under attack for being too high, while at the same time, the "claimed"...

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MasterCard and Visa Financial Results Released

Posted by John B. Frank 0 comments

MasterCard has reported financial results for the second quarter of 2008. "MasterCard's worldwide purchase volume during the quarter rose 14.0% to $493 billion and its gross dollar volume increased 12.8% to $655 billion. Transactions processed grew 13.6% to 5.2 billion. MasterCard reported 951 million MasterCard cards issued, up 11%. Net revenue for the second quarter of 2008 was $1.2 billion, up 25.0%. Pricing changes contributed approximately 5 percentage points of the net revenue growth".Click...

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Senators Ask GAO to Investigate Interchange Fees

Posted by John B. Frank 0 comments

FOR IMMEDIATE RELEASE: July 30, 2008 CONTACT:Jennifer Mullin (Harkin) 202-224-3254John Gentzel (Snowe) 202-224-8667Sue Walitsky (Cardin) 202-224-4524Harkin, Snowe, Cardin Ask GAO to Investigate Interchange FeesWASHINGTON D.C. – U.S. Senate Small Business and Entrepreneurship Committee Members Tom Harkin (D-Iowa), Olympia J. Snowe (R-Maine), and Benjamin L. Cardin (D-Maryland) today requested that the Government Accountability Office (GAO) investigate the structure...

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Debit Usage Will Continue to Soar as Americans Ditch Credit Cards

Posted by John B. Frank Wednesday, July 30, 2008 0 comments

Survey Finds 40 Percent Using Their Credit Cards LessSTRATFORD, Connecticut (CNN) -- When Cappie and Don Perras saw their stock market investments tank this year, they decided to tighten their belts. They drive fuel efficient cars around their Connecticut town and eat at cheaper restaurants if they eat out at all. To avoid impulse buying, they avoid the mall. And for now, at least, they've put away the credit cards.This marks a big change from their old attitude. "I felt secure with my credit...

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Chase Paymentech Breakup = New Payment Processing Option for Online Retailers?

Posted by John B. Frank Tuesday, July 29, 2008 1 comments

More changes are coming in online payment processing. as more payment alternatives slowly gain traction, with more (can you say HomeATM?) on the way. Soon, online retailers will have another payment-processing option as a big processor plans to split into two.That company is Chase Paymentech Solutions LLC, which claims to process two out of three e-commerce purchases made by U.S. consumers.Chase Paymentech Solutions is a 12-year-old joint venture now owned by First Data Corp., the biggest U.S. payment...

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The Top 25 Internet Retailers

Posted by John B. Frank 0 comments

According to Internet Retailer, in aggregate the Top 500 retailers accounted for a total of $101.7 billion, of the nation's $166 billion in online retail sales in 2007. The Top 500 grew their online sales by 21.6 percent. The top three e-commerce application and service providers will be listed by Internet Retailer in its August issue. To apply for a free subscription (US subscribers only), click this link.Published by Chicago-based Vertical Web Media LLC, Internet Retailer is a...

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Canada Gets Ready for Chip and PIN Adoption

Posted by John B. Frank 0 comments

The rapidly evolving payment industry is undergoing a new chip and PIN revolution in Canada and merchants will need to stay on their toes to keep up. Industry observers, including a newly appointed Canadian INSIDE Contactless executive weigh in on the issue and Rafael Ruffolo writes about it for ComputerWorld Canada:By: Rafael Ruffolo, ComputerWorld Canada (29 Jul 2008) With chip and PIN contactless technology set to hit widespread adoption by 2010, industry watchers are advising merchants to look...

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Reverse Matriculation: Why Wedgies Are All Good!

Posted by John B. Frank Monday, July 28, 2008 0 comments

Online Banking (the security of which) has been taking a beating over the past couple of weeks. But there's good news too...according to the BBC, Barclay's PIN Sentry Device has made online banking more secure. ( read more on Barclay's PIN Sentry Device and HomeATM's Wedgie) at: HomeATM Has Powerful Potential!Last Wednesday, I posted a relatively sarcastic article pointing out how blatantly insecure paper checks were (are)...while questioning how it was, that they lasted so long. It got me to thinking......

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Find out how our patented technology can empower your financial institution.

Our secure two-factor online banking authentication eliminates dangerous passwords and usernames and replicates the same trusted process used to access cash at ATM's. (Insert Bank Issued Card, Enter Bank Issued PIN)

There is an R.O.I. as FI's also earn recurring revenue from each transaction conducted using our PCI 2.0 Certified PIN Entry Device. Our technology also provides a unique real-time P2P "Instant-Transfer" which allows your online banking customer to transfer cash from ANY of their bankcards to ANY other bankcard...with the Swipe of a card.

Help your bank eliminate phishing and your customers avoid identity theft by providing them with the ability to stop typing and start swiping. There is no safer way to conduct financial transactions online than by 3DES DUKPT encrypting the cardholder details, which we do at the mag-head "inside the box/outside the browser."

All Top Banking

U.S. Retail E-Commerce Growth Rates

Is There A Perfect Storm Brewing in the Credit Card Industry?

MasterCard and Visa Financial Results Released

Senators Ask GAO to Investigate Interchange Fees

Debit Usage Will Continue to Soar as Americans Ditch Credit Cards

Chase Paymentech Breakup = New Payment Processing Option for Online Retailers?

The Top 25 Internet Retailers

Canada Gets Ready for Chip and PIN Adoption

Reverse Matriculation: Why Wedgies Are All Good!

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