retail

Chase Paymentech and VeriFone partner for credit card data protection

October 27, 2009 - 11:08am | Fraud | News
Chase Paymentech and VeriFone partner for credit card data protection

 Chase Paymentech, a leading merchant acquirer and payment processor, announces a joint initiative with VeriFone Holdings, Inc., and Semtek Corporation to provide end-to-end encryption technologies for merchants to combat threats to security. 


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GE Money and Walmart prolong their partnership over credit cards

July 31, 2009 - 9:04am | News | Plastic cards
GE Money and Walmart prolong their partnership over credit cards

GE Money Retail Consumer Finance, a consumer lending unit of General Electric Company, launched a multi-year renewal of the Walmart credit card program for Walmart stores in the United States and Puerto Rico, and on walmart.com.

“GE Money has been a valued partner in helping us provide more ways for our customers to save in our stores and online,” said Jane Thompson, president of Walmart Financial Services.


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Central Payment Corp. selects Hypercom Optimum T4205

June 17, 2009 - 9:12am | News | Payment systems
Central Payment Corp. selects Hypercom Optimum T4205

Central Payment Corporation (CPC), a leading merchant service provider and Independent Sales Organization, has chosen and is now selling Hypercom`s high security T4205 to its more than 25,000 US based merchant customers.

The T4205 helps customers grow their business and helps merchants transaction devices incorporate rigorous security, high speed, increased memory and power.


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Merchants of eProcessing Network are offered Opticard payment services

June 11, 2009 - 12:07pm | News | Plastic cards
Merchants of eProcessing Network are offered Opticard payment services

 

eProcessing Network announced that it has formed a strategic partnership with Opticard Payment Services to offer Opticard's gift card and loyalty processing services to all their merchants. With this new relationship eProcessing Network will have more flexibility in designing solutions for retail, mobile and web-based merchants through their suite of gateway products that includes Online Terminal, ePNJPOS, ePNMobile and ePNCart-all of which are PCI/PABP compliant.


-1 points

$2 billion is not enough for eBay to sell Skype

May 7, 2009 - 4:21am | News | Other themes
$2 billion is not enough for eBay to sell Skype

On Wednesday the CEO of eBay said that a price of $2 billion for Skype would be low. As it was announced earlier San Jose-based eBay is going to spin off its internet phone call company through the initial public offering by the first half of 2010. The analysts’ estimates showed that Skype could fetch $2 billion, compared with the $2.6 billion which eBay paid for it in 2005.


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TSYS and Banco Carrefour S.A. to launch hybrid MasterCard credit card

April 29, 2009 - 9:27am | News | Plastic cards
TSYS and Banco Carrefour S.A. to launch hybrid MasterCard credit card

According to TSYS announcement, it has signed a multi-year contract with Banco Carrefour S.A., to process their business in Brazil. TSYS is one of the world's largest companies for outsourced payment services. As a first step of the agreement a new MasterCard hybrid card will be launched in June 2009. This card may be used as a private label card when used in Carrefour store, but it is also may be used as a general purpose credit card when used outside of Carrefour stores. 


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TSYS provides POS solutions to healthcare agencies

March 27, 2009 - 8:06am | News | Payment systems
TSYS provides POS solutions to healthcare agencies

TSYS Acquiring Solutions has announced the start of its partnership with mPay Gateway and Nova Libra, aimed at providing point-of-sale payment solutions for healthcare providers, their patients, pharmacies and drug stores. 

mPay Gateway’s point-of-sale solution, allows calculation and collection of patient’s service fees while he is still in the doctors’ office. Consequently, it helps to avoid costs related to fees collection and writing off uncollectible patient accounts. 


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Online businesses expected to grow in 2009

February 16, 2009 - 7:56am | News | Other themes
Online businesses expected to grow in 2009

A survey conducted among Netregistry domain name customers and non-Netregistry SMEs shows that online business will be experiencing a substantial growth throughout 2009. They already are more confident about their business prospects (46% versus 13%), are more likely to be planning expansion (57% versus 39%), are more likely to export (28% versus 15%), and are more likely to be earning more profit in 2009.


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E-commerce sales in the U.S. fall for the first time since 2001

February 13, 2009 - 3:44am | News | Other themes
E-commerce sales in the U.S. fall for the first time since 2001

comScore reported on Thursday that retail e-commerce sales dropped in Q4 by 3 percent, as the dismal economy began to affect the online retail sector. Q4 of 2008 was the first quarter of negative growth since it started tracking spending in 2001 – this drop comes after the double digit gains throughout 2007 and the first half of 2008 in year-to-year ecommerce sales.


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Apple’s competition forces Microsoft to open own stores chain

February 13, 2009 - 1:59am | News | Other themes
Apple’s competition forces Microsoft to open own stores chain




Microsoft Corporation made a statement about its decision to step to the retailing sector imitating the same policy conducted by the company’s rival Apple Inc. The company announced this week that it will open its own chain of branded stores with no detailed information provided on the terms and the number of stores to be opened. The company didn’t even elaborate what kind of products it plans to offer in the new stores.


-8 points

Taobao posted 131% increase in transaction volumes

February 12, 2009 - 6:14am | Markets | News
Taobao posted 131% increase in transaction volumes

On Tuesday China's largest online shopping marketplace for consumers Taobao.com revealed its transaction volume in 2008 reached the amount of RMB 99.96 billion that equals US$14.62 billion. The figure reflected a 131 per cent increase over the previous year.


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Ecommerce sector in the U.S. growing at a slower pace

February 4, 2009 - 9:21am | Figures | News
Ecommerce sector in the U.S. growing at a slower pace

Final estimates for U.S. ecommerce growth were reported by the Forrester. The data covered the period of 2009 and 2013. The report showed that the situation around online businesses is much better than the rest of the traditional retail world. In addition the National Retail Foundation makes a forecast of a 0.5% decline in traditional retail sales during the current year.


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Financial activity is still active as per E*TRADE FINANCIAL’s report

December 18, 2008 - 3:12am | News | Other themes
Financial activity is still active as per E*TRADE FINANCIAL’s report

While dismal news and reports are congesting today mass media there are also some optimistic events appearing on the surface of the ubiquitous depression stream. Monthly Activity Report for November presented by E*TRADE FINANCIAL Corporation can be rated among quite encouraging ones. The increasing number of new retail accounts along with new customer assets is indicating that there are still some light spots in current crisis times.


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comScore closes holiday season spending discussion

December 15, 2008 - 9:27am | Figures | News
comScore closes holiday season spending discussion

comScore recognizable as a digital world leader gave the results of its holiday season retail e-commerce spending report. The period of time covered by the report is the first 42 days of the November – December 2008 holiday season. According to the reported information the money spent online this holiday season, particularly through December 12 are about the same level compared to the corresponding days last year.


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Account opening facilitated by S1 Enterprise

November 18, 2008 - 2:57am | News | Other themes
Account opening facilitated by S1 Enterprise

New application was recently announced by S1 Enterprise, a division of S1 Corporation and a leading global provider of customer interaction software solutions for financial and payment services. AccelAccount, a multi-channel account opening solution, is based on the S1 Enterprise Platform and designed to specifically address the unique requirements of large and mid-tier financial institutions.


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