PINcept.com: October 2008

Perfect Storm Brewing, HomeATM Perfectly Placed

There's a Perfect Storm Brewing and HomeATM is Perfectly Positioned...Editor's Note: What a wonderfully pleasant surprise. Mainstream media is finally beginning to understand and write about the impact debit cards will have in shaping the purchasing habits of consumers in the foreseeable future.Their next giant step would be to understand and write about the "Paradigm Shift" occurring within those very same consumers' preference to "shop...

Posted by John B. Frank Friday, October 31, 2008 0 comments

PayPal - About as Secure as a Chocolate Teapot?

This story from The Industry Standard must make PayPal executives a little insecure...PayPal accounts compromised over 16 months; No response from eBay | The Industry StandardOnline payment service PayPal has had an exploit on its hands for at least 16 months and counting, and seems to have no resolution for it. A tipster forwarded us screenshots of the fraud, which involves a dummy subscription service to PayPal's sister company Skype,...

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White Paper Coming on Future of Payments

NetWorld Alliance highlights payment trends for next 5 yearsLouisville, Ky., Oct. 31, 2008 -- NetWorld Alliance, publishers of ATM Marketplace, announced the publication of "The Future of Cash: Survey Predicts Changes in Consumer Habits," an exclusive white paper that contains the results of a new survey of more than 500 financial-industry professionals."With credit markets tightening and consumers rethinking their established habits for...

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Mercator Report on Debit Rewards

Debit Advisory ServiceRe-examining Debit Rewards at the Top Fifty BanksNEW RESEARCH REPORT BY MERCATOR ADVISORY GROUPFinancial institutions are expanding and diversifying debit reward program offerings as more consumers are using debit cards to pay for their everyday purchases than ever before. Forty of the Top Fifty banks currently have at least one reward program in place, and nearly half of these financial institutions offer multiple...

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Traditional Payment Cards for Online Transactions Continue to Decrease

The ACH Network: The Bedrock of Alternative Payments; New Research Report by Mercator Advisory GroupBoston, MA (PRWEB) October 31, 2008 -- The ACH Network began as a low volume network transmitting large recurring transactions between well-established entities; however changes in rules and business models have brought about significant changes in the nature and volume of ACH activity.More than 18 billion ACH payments were made in 2007,...

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Taiwan E-Commerce Growth up 32.2% over 2007

E-commerce in Taiwan to witness expansion in 2008: up 32.3% over 2007 At the end of 2008, online shopping in Taiwan is expected to climb by 32.3 percent, as compared to 2007 and reach USD 7.42 billion, according to estimates made by a local research and consulting firm.Due to lower prices and a broader range of products that online stores offer, customers across Taiwan prefer to turn to the internet for their purchases.Business-to-consumer...

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Contactless Tackles NFL

Chase launches Chicago Bears contactless debit cardConsumer and commercial banking service provider Chase joins forces with Illinois-based professional American Football team Chicago Bears and MasterCard Worldwide to launch the Chicago Bears Debit MasterCard. The new card aims to provide Chase personal checking customers who are also Chicago Bears fans with an alternative to cash payments intended to cut back on transaction time and improve...

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Merchant Risk Council (MRC) Announces eCommerce Payments Conference Speakers

The Merchant Risk Council (MRC) is pleased to announce the Keynote and Closing speakers for MRC's 7th Annual e-Commerce Payments and Risk Conference at the Wynn Las Vegas Resort on March 10-12, 2009. Terry Jones, founder of Travelocity.com, has been chosen to deliver the opening keynote speech. Chris Hansen, Dateline NBC correspondent, will be delivering the conference's closing speech."We are very excited to have Chris Hansen and Terry...

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Want Scary? How Bout 100 Posts in a Month...Happy Halloween!

PIN Authenticated Card Present Rates versus Card Not Present Interchange Fees...Trick Question of the Day...Which Rates Higher?Treat Yourself to Lower Rates with Dually Authenticated "Card Present" Interchange from HomeATM!Related articles by ZemantaPerfect Storm Brewing, HomeATM Perfectly PlacedWhat is a Chargeback and How Can HomeATM Eliminate Them?Paradigm Shift: Retails 70%-22% Lead over Web Changes to 44%-49%Facing A New Side...

Posted by John B. Frank Thursday, October 30, 2008 0 comments

American Express Lays off 7000

Image via WikipediaPink Slips Fly at American ExpressDon't leave home without what ... a job?Credit card giant American Express (NYSE: AXP) became the latest financial company to hack off a chunk of its workforce, announcing it will lay off 7,000 workers, or 10% of headcount. It'll also slash investment spending, cut consulting, travel, and entertainment expenses (bah humbug) and freeze management-level salary increases.These moves "will...

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Constatine Cannon Notches 2nd Billion Dollar Win Against Visa/MasterCard

Constantine Cannon $cores $econd Billion Dollar Win Against V/MC card NetworkNew York, Oct. 29, 2008 -- Constantine Cannon LLP helped Discover Financial Services Inc. secure a $2.75 billion settlement from Visa and MasterCard earlier this week in the third largest reported antitrust settlement in U.S. history.The landmark settlement comes on the heels of Constantine Cannon's role in 2003 as lead counsel in the historic In Re Visa Check...

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The Benefits of Debit Cards by Bruce Cundiff via DebitFacts.org

DebitFacts.org - Ask The ExpertAsk The ExpertBruce CundiffJavelin Strategy & ResearchPaying and Accessing Your Money with Debit: A Safe and Convenient Alternative to CashThe debit card has emerged as a payment method of choice for many American consumers, with 72 percent using debit cards for purchases in the past 12 months, according to Javelin Strategy & Research1. In 2007, there were nearly 31 billion debit transactions at the...

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eMarketer's 2008 Online Shopping Holiday Preview

Will the Grinch Steal This Year’s Online Holiday Shopping Season? - eMarketerWill the Grinch Steal This Year’s Online Holiday Shopping Season? OCTOBER 30, 2008Amid a season of bad economic news, when overall retail sales growth is forecast to remain nearly flat, online retailers have reason to be guardedly optimistic.eMarketer estimates that online holiday season sales will reach $32 billion in 2008, up slightly more than 10% over 2007.“More...

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HomeATM on Facebook, Other Retailers Too

More retailers have fan pages/applications on it than on other social media sites including HomeATM: http://apps.facebook.com/homeatmptop/Facebook is the social media site of choice for many US online retailers, judging by an August 2008 study by Internet Retailer and Vovici.Nearly one-third of responding businesses said they had a Facebook page, compared with 27% that had a MySpace page and just over one-quarter that had a page...

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What is a Chargeback and How Can HomeATM Eliminate Them?

One of many benefits derived from utilizing HomeATM's PIN Debit/Credit Solution to help drive eCommerce sales is the cost savings due to PIN based transactions being more secure. Based on the fact that PIN is more secure, Visa and MasterCard provide much lower Interchange Rates for PIN based transactions...these rates can save etailers up to 100 basis points on transactions. PIN authorized transactions occur in real-time and are dually-authenticated,...

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E-Commerce Transaction Risks That HomeATM Solves

E-Commerce Payment Transaction Risks Solved By HomeATM's Innovative ePayment SolutionMost eCommerce credit/debit card transaction risks fall into the following categories:Fraud. Fraud usually occurs for one of the following reasons: A criminal uses a stolen card or account number to fraudulently purchase products or services.A family member uses a card to purchase products or services without authorization.A customer falsely claims that...

Posted by John B. Frank Wednesday, October 29, 2008 0 comments

DebitFacts.org Launches Today

DebitFacts.org Provides Answers to Debit Card UsersHOUSTON - (Business Wire) DebitFacts.org, a new Web site that provides timely and accurate information about using debit cards, launched today, offering consumers practical details about debit’s role as a convenient payment method and valuable financial planning tool. The site addresses myths and misconceptions surrounding debit cards by offering fact-based information consumers need to...

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