Allen's looking to learn more about this trend - if you are aware of companies offering these capabilities to ecommerce merchants, please drop Allen an email.
Cardis says that its solution "offers a paradigm shift to the payment cards business model by introducing end-to-end transaction aggregation - an industry first. This allows for reduction of the per transaction cost by enabling many individual low-value payment transactions to be aggregated into a single (higher value) debit card transaction, without the need for per transaction reconciliation (or shadow accounting), posting or processing at any point in the value chain."
Our next Payments Boot Camp is on May 19th and 20th in Santa Clara, CA - taught by Scott Loftesness and Carol Coye Benson. Enroll now for this public session - or contact us to discuss an on-site private Glenbrook payments workshop for your company.
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“Consumer demand and industry trends are moving towards more security for card transactions over the Internet”, said Lilik Kazaryan of the STAR Network. Kazaryan is a member of X9 and proposed the new work item. “Currently there are no industry-wide standards for secure consumer authentication of debit transactions over an on-line environment, yet security issues are paramount with card users”.
One of the new features we're planning is a new resource library for the distribution/downloading of industry white papers. If your company is interested in learning more about distributing your white papers through Payments News, please contact us at: firstname.lastname@example.org and we'll be in touch with more details.
Also, after having received many requests from companies wanting to help sponsor Payments News, we're also planning to transition to a new sponsorship model. If you're interested in learning more about our upcoming sponsorship opportunities, please contact us at: email@example.com.
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Rentalic, a person to person rental marketplace, took the top prize of $100,000 ($50,000 in cash and $50,000 in waived processing fees). Appbackr, a wholesale marketplace for iPhone applications, won $50,000 ($25,000 cash and $25,000 in waived processing fees).