News

One of the most prominent online processors NETELLER has announced its partnership with TransSend Payment Services, a leading provider of prepaid card solutions under which Neteller will be able to provide its e-wallet customers with Net+TM MasterCard® Prepaid Cards, reports London Stock Exchange.

“Whether you're looking to fill up a backpack or a dorm room, Google Checkout is a fast, easy way to buy what you need this fall. Checkout shoppers can get savings of $5 or more at hundreds of stores for a limited time. And after you take advantage of these exclusive offers, you can use your Google Checkout login for quick, secure shopping throughout the school year at thousands of online stores.” This advertisement was published only on August 21 but has already demonstrated a great activity of the retailers.

After a successful trial ended with triumph of AmEx, Discover decided to file a similar suit to the court claming that due to Visa Inc. and MasterCard Inc. it has lost its business. However, Judge Barbara S. Jones of U.S. District Court in Manhattan had another point of view and has rejected Discover’s assertion of an inter-association conspiracy by Visa and MasterCard.

eBillme released eBillme Online Spending Index, a quarterly survey examining consumer online spending. The study conducted by Javelin Strategy and Research involved 1,600 respondents so as to measure projected online spending for the quarter and the influencing factors including the economy, available payment options, security, and financial control.

Federal Check Recovery Inc. of Columbia, Mo was recently purchased by The Federal Payments LLC division of the ePayments Group of Companies, a leading electronic payments processing and support services company

As a part of the deal ePayments Corp.'s Federal Payments division will acquire the electronic check recovery accounts of Federal Check Recovery, increase staffing and continue to work with the former company management.

Payments within less than half a second are now possible for the visitors of Japanese restaurant chain Wasabi which is the first restaurant chain in the UK to pilot a fully integrated contactless payment system. Previously the firm operated on a cash-only basis.

With the new technology Wasabi customers are provided with a fast and convenient ‘wave and pay’ method of payment on all transactions of £10 and under.

In Australia a new credit card is being introduced by Woolworths in its move to consolidate its position as the nation's leading grocer. The new card will reward customers for shopping with the company.

With the launch of the card, the first major offering of the company's Everyday Money division Woolworths becomes the first Australian retailer to offer a general purpose credit card.

In a short time a new version of Thai.com will be introduced by Internet Thailand along with an added social-networking component, by the second half of the year.

According to Trin Tantsertthi, Internet Thailand president and chief executive the social-networking function will become the key feature of the upgraded Thai.com to enable electronic micropayments so that users can design and develop their own homepages.

This week an alliance was announced between Metavante Corp., a leading provider of banking and payments technology and Metavante and Connect Software Solutions, LLC, an online banking provider for credit unions.

A research conducted by TowerGroup shows that if financial institutions implement expedite payments at the expense of speeding the posting time of bill payment transactions it will create a new revenue stream for them.

According to TowerGroup there are about 24 million consumers in the US who are using online banking bill payment at the moment and the volume of online bill payments is forecasted to reach 3.87 billion transactions by 2012.