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Online sales in America grow by 12% in first quarter of 2011

May 11, 2011 - 6:10am | Figures | News

Online sales in the United States increased 12% in the first quarter of 2011, reported comScore. It is the fastest growth since before the 2008 financial crisis.

The research firm reported that online retail spending reached $38 billion in the first quarter, with the 25 most popular online retailers making up 67.7 percent of those sales.

Besides, comScore also added that the growth was driven by an increasing number of customers shopping online and more visits to online stores. However, the average size of online transactions fell 4 percent.

consumers | customers | online retail | online shopping | US online sales

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Fiserv`s walk-in solution enables customers to pay bills in person at Wallmart

August 26, 2009 - 2:14am | News | Payment systems

As it became known on Tuesday, the leading global provider of financial services technology solutions Fiserv declared that Walmart has implemented the CheckFreePay service from Fiserv, enabling customers to pay bills in person at all Walmart locations in the United States.

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Credit Suisse faces $275,000 fine for failing to post reliable investment advice

August 11, 2009 - 7:10am | Investment industry | News

The largest independent regulator for all securities firms doing business in the United States, the FINRA declared that it has imposed a fine of $275,000 against Credit Suisse Securities, for failing to comply fully with one of the key terms of the 2003 Global Research Analyst Settlement between regulators and 13 leading financial services firms.

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Paysafecard partners with BT to launch mobile payments

August 3, 2009 - 8:54am | News | Payment systems

BT and paysafecard have teamed up for a service that allows Brits to make online purchases from their mobile phones without disclosing financial details. Using paysafecard`s pre-paid voucher system, customers can make purchases at around 2700 Web sites without handing over card details.

The scheme works with all the UK's major mobile phone operators, such as Orange, Vodafone, T-Mobile, 3 and O2, as it taps the industry-developed PayForIt system.

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Hitachi reveals new technology allowing to pay with fingerprint

July 31, 2009 - 3:39am | News | Payment systems

Hitachi is set to introduce a new biometric authentication technology that allows customers to purchase a soft drink from a vending machine with just their finger print. The new technology can read the finger veins and then match the customer with the credit card they have pre-registered, so that exact change is no longer needed at the vending machines.

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NetDeposit announces partnership agreement with Q2

July 31, 2009 - 3:30am | News | Payment systems

A leading provider of distributed payment solutions NetDeposit declared today its collaboration with Q2 Software, which now provides community financial institutions access to NetDeposit's remote deposit capture, branch capture, debit/credit card and ACH payments. Q2 is recognized as the preeminent supplier, servicer, and enabler of technology services to community financial institutions.

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TSYS and CMC team up for new integrated collections service

July 30, 2009 - 4:28am | News | Payment systems

TSYS declared its partnership with Collections Marketing Center Inc. to offer TSYS customers an integrated multi-channel collections service. The new service, known as TSYS FlexCollect, improves creditors` operational performance through adaptive, multi-channel communications with their customers.

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Customers of Wells Fargo can pay bills online right in time

July 29, 2009 - 3:22am | Banks and internet banks | News

Wells Fargo has declared the launch of its newest online bill pay option, which enables customers to make “just in time” online bill payments to merchants, such as utility, auto finance and mortgage companies. Furthermore, Wells Fargo has teamed up with Western Union to provide the new same-day service, which helps customers to avoid missing payments or making late payments.

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MasterCard PayPass contactless payments are now accepted by Home Depot

July 28, 2009 - 3:40am | News | Plastic cards

Master Card has declared that the world`s largest home improvement specialty retailer, the Home Depot, will begin accepting Master Card PayPass cards at its 1,974 retail locations across the United States. MasterCard PayPass will enable the Home Depot customers to enjoy faster transactions and greater payment convenience by simply tapping their MasterCard PayPass cards or devices on a PayPass reader at checkout to complete their purchases.

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