Tuesday, December 22, 2009

HomeATM Headline Newsletter through December 22nd



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Cash, not credit, is holiday shoppers' preferred payment method


Palm Beach Post  According to First Data Corp., which processes transactions for merchants, PIN debit card purchases grew 12.8 percent in November compared to a year ago.


Google to buy Yelp for $500 million or more?

TechSpot  By Matthew DeCarlo, TechSpot.com Google is reportedly in closing negotiations to buy Yelp, the local business review site founded in 2004 by two PayPal ...


PayPal Rolls Out Send Money App For BlackBerry

Washington Post  PayPal is finally extending its money transfer system to the BlackBerry, with a new, free Send Money app for the Blackberry. The app will let you access


Will Consumers’ Shift Away from Credit Cards Outlast the Recession?

Consumers have cut back their usage of credit cards in the past year, often on their own volition but also because suddenly risk-averse credit card issuers have closed millions of credit card...  http://www.digitaltransactions.net/newsstory.cfm?newsid=2404


VeriFone Sees Promise in Mobile Apps And Taxi Transactions

VeriFone Holdings Inc. swung to a welcome $3.69 million profit in its fourth fiscal 2009 quarter and sees evidence of recovery in its global markets, but the leading U.S. point-of-sale terminal... http://www.digitaltransactions.net/newsstory.cfm?newsid=2401


With E-Transfers, Banks Target Gen-Y Payments

A new generation of person-to-person money transfer services is quickly gaining traction with banks, offering a way to regain a share of the electronic payments that was ceded long ago to nonbank rivals.  These services make it easier to send money to other people than with existing methods, and some executives say they could become a new source of revenue at a time when banks are eager to find additional ways to generate fee income.




MoneyGram International tries out mobile phone-based money transfers in ...

Bizjournals.com  MoneyGram International Inc. said Monday that it is trying out a program in the Philippines in which people can receive money transfers over their mobile


Cardtronics Names NYCE Payments Exec as New CEO

ABC News  AP ATM operator Cardtronics Inc. said Monday it named Steven A. Rathgaber, an executive at NYCE Payments Network LLC, as its new CEO


Finding Your Niche in the E-Commerce Ecosystem

After an exceedingly tough year for businesses in virtually every sector, reports of online sales Cyber Monday offer hope for the turnaround so many people have been waiting for. The Internet has been called by many "the great equalizer." One of the best things about selling online is that virtually anyone can start a business on the Net with far fewer fixed costs than a brick-and-mortar approach.  http://www.ecommercetimes.com/story/68906.html


Top 8 Security Threats of 2010

BankInfoSecurity.com  Avivah Litan, a Gartner analyst, says the threats include man-in-the-browser attacks that defeat one-time-password authentication from a dedicated token ...


Gemalto: Xiring deal highlights competing online payment security solutions

istockAnalyst.com (press release)  However, in a time of rising fraud and competition from payment options such as PayPal, players may yet be forced to seek an alternative to payment cards.


Pros and Cons of Debit Cards

In an article titled "Debit-card use grows, but risks still an issue", Chuck Strickler writes for The Columbus Dispatch about debit cards - how they help consumers stay in control but also how they're different than credit cards.  In an article titled "One debit-card overdraft can trigger an avalanche", Los Angeles Times personal finance columnist Kathy Kristof writes about how one overdraft was turned into four overdraft fees when one consumer's bank (Chase) reordered the payments posting to her checking account. Kristof goes on to note that Chase has announced it plans to eliminate that practice "in the first few months of 2010".



China Online Payment Industry Report, 2009 - New Report Published

OfficialWire (press release)   by Press Office The global economic crisis has impacted on the majority of industries, but China online payment market is growing against the adversity,


Yelp Walks Away From Google Deal

AccuraCast  Yelp, which was founded in 2004 by two former employees of PayPal, is a local review website, which allows users to read or write reviews about various


FBI PROBES CITIBANK HACK; BANK DENIES HIT - WALL STREET JOURNAL

The Federal Bureau of Investigation is reputedly investigating a hacking attack by a Russian cybergang that targeted Citibank and resulted in the theft of tens of million of dollars, according to a Wall Street Journal report.  More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=20906

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