Will PIN Debit Become HomeATM's "Signature" Product?

Here's an interesting excerpt from American Banker in which they talk about PIN Debit vs. Signature Debit. The setting is restaurants, however, the point is still valiantly made why PIN Debit is the better of the two types and has a strong future as an Internet Payment Mechanism.Mr. Rasori said VeriFone's research indicates that between 50% and 70% of all meals at sit-down restaurants are paid through signature debit transactions, which...
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Posted by John B. Frank Wednesday, April 30, 2008 0 comments

Payments News Adds HomeATM Blog to Favorite Blogs

The HomeATM (PINDebit) Blog has been added to the Payments News list of favorite "Payments and Banking Blogs", along with some of the big boys, like The Official PayPal, and Google Checkout Blogs, Javelin Strategy/Research and Jupiter Research to name a few. I'm honored to have the PIN Debit Blog included in this list.Payments News, from Glenbrook Partners has been a leading edge Payments Blog for a number of years now and HomeATM and...
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Posted by John B. Frank 0 comments

Results of First Data's 2007 POS Debit Issuer Cost Study

First Data released the results of their 2007 POS Debit Issuer Cost Study. Highlights include the fact that the cost to support a PIN transaction is, remarkably, 50% lower than signature.Click either of the screen captures to enlarge and read them....
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Posted by John B. Frank 0 comments

Pulse EFT 2008 Debit Issuer Study: Continued Debit Growth and Potential

Initial Findings of Comprehensive Survey...Summary: Survey Sample Represents 28 Percent of Debit Cards Issued in U.S. Issuers Experienced Transaction Growth of More Than 14 Percent in 2007 “Best-in-Class” Issuers Outperform Market, Demonstrate Tremendous Potential in Debit Fraud Remains Top ConcernHOUSTON--(BUSINESS WIRE)-- Highlighting consumers’ increased use of ...
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Posted by John B. Frank Tuesday, April 29, 2008 0 comments

Online with their Target

HomeATM's "target" market is the Internet Debit space, specifically the PIN (online) Debit Internet Space.It is good they are "online" with their target because from everything that I've both been told and (gathered independently) since I was a youth was that... When aiming to hit your target it's "not good to be "off-line".Thus, it is pragmatic to conclude that HomeATM is, in fact, "on target" with both their desire and technology ...
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Posted by John B. Frank 0 comments

Strong Growth in Debit Card Use for Bill Payment

Study finds many debit card users keeping higher checking account balances, and displaying stronger loyalty than they show to credit cards.SALISBURY, Md.--(BUSINESS WIRE)--Phoenix Payments, a Phoenix Marketing International practice, today announced the results of its 2007 Consumer Payments Preferences and Usage Study: Debit Card Opportunities and Challenges. The study findings include a detailed report on debit card issues, covering consumer preferences, attitudes, and usage of debit cards...
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Posted by John B. Frank 0 comments

Where's the PIN? HomeATM has the Beef!

I'm curious as to why Wells Fargo would specifically quantify (in red below) the rates for Internet "Non-PIN Debit Card Sales"By the way, those very same "Non-PIN Debit Card Sales" have the exact rates as "credit card sales...which is probably another reason I see to avoid even making the distinction.Does Wells Fargo find it necessary to post NON-PIN Debit Card Sales rates unless they also, in tandem, had and provided a solution, and thus...
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Posted by John B. Frank Sunday, April 27, 2008 0 comments

2007 Online Retail Sales Surge to $175 Billion

Online retail sales in 2007 reached $175 billion, a 21% increase over $144.6 billion in 2006, according to a new report from Forrester Research Inc.This is the first drop in growth after years of around 25% growth. And according to Forrester Research projections, it will be far from the last. The firm forecasts: $204 billion in online retail sales in 2008, 17% growth over the previous year; $235.4 billion in 2009, 15% growth; $267.8 billion...
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Posted by John B. Frank Friday, April 25, 2008 0 comments

875 Million (and growing) Potential HomeATM Users!

Over 875 million consumers shopped online worldwide in 2007, according to a survey by The Nielsen Company.This represents a 40 percent increase in the number of Internet shoppers over the last two years, the U.S.-based market research firm says.“When Nielsen conducted its first global survey into Internet shopping trends two years ago, around 627 million people had shopped online,” Bruce Paul, Vice President of Customized Research at Nielsen...
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Posted by John B. Frank 0 comments

ATMDirect Has (as of yet) Still Not Accepted the "PIN-OFF" Challenge...

From today's "Payment Daily News Digest"HomeATM Prepared to Prove ATMDirect is Vaporware: After reading this public "let's take it outside" challenge by HomeATM's CEO, there is little question that ATMDirect is either going to have to accept the challenge and prove their functionality or sue for libel. Reading between the lines, Ken Mages is frustrated with prospective clients holding up sales as they say they first want to check out the...
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Posted by John B. Frank Monday, April 21, 2008 0 comments

HomeATM Named Top 30 Innovating Elite - Blast from the Past

In an effort to bring HomeATM Blog readers up to date on some featured news articles about HomeATM, I am pleased to introduce our "Blast from the Past" feature. Today's "Blast from the Past" features an article from last fall's Investors Daily News, recognizing HomeATM as one of Canada's Top 30 Innovating Elite Company's.Here's the article from late last August...MONTREAL, Aug 30, 2007 /PRNewswire via COMTEX/ -- Intent on showing its global...
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Posted by John B. Frank 0 comments

FTVentures Closes $512 Million Fund

Press Release from FTVenturesFTVentures announced on April 16th, the closing of its third and largest fund to date, FTV III, at $512 million. FTVentures will continue its strategy of investing in software and business services companies that derive value from the firm’s unmatched Global Partner Network, which includes the world’s leading financial institutions. Founded in 1998, FTVentures has over $1 billion in committed capital and has...
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Posted by John B. Frank Sunday, April 20, 2008 0 comments

HomeATM Payments News Headlines Ending 4/18

Brought to you via Glenbrook's "Payment News" Website, which was responsible for the compilation and posting of the following links. Clicking on any of the links below will bring you to www.paymentsnews.com where you can read the story in full.Accceptance NewsDiscover Financial Services announced plans to acquire the Diners Club International Network from Citigroup to expand acceptance of Discover Cards worldwide. (See more Discover news.)...
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Posted by John B. Frank Friday, April 18, 2008 0 comments

Online Debit Growth Expected to Climb to $93.9 Billion by 2012 - Javelin

As the illustration on the left graphically depicts, PIN Debit is most secure form of debit and HomeATM has positioned itself as a prominent force as online debit is set to skyrocket on the web. The following is from Javelin Strategy and Research...Alternative payments will account for an increasing percentage of U.S. online transactions by 2012, according to a recent study from Javelin Strategy and Research.As I reported last week, Debit...
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Posted by John B. Frank Thursday, April 17, 2008 0 comments

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Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers