| Pipeline Data Renews Agreement with First Data
QUINCY, Mass.--(BUSINESS WIRE)--Pipeline Data Inc. (OTCBB:PPDA), a valued-added provider of merchant payment processing services and other related software products, announced today that is has renewed its merchant processing agreement with CTS Holdings, LLC, a subsidiary of First Data Corp. (NYSE: FDC). First Data will continue to provide comprehensive card processing services to Pipeline's merchant account base. "We are very pleased to continue our successful partnership with First Data," said Pipeline's chief executive officer, MacAllister Smith. "As an acknowledged leader in the card processing industry, First Data provides the advanced technology and dedicated service that helps us meet the needs of our merchants." "We look forward to extending our relationship with Pipeline Data through the continued inclusion of First Data card processing in its integrated suite of merchant services," said Rick Learch, senior vice president, First Data Commercial Services.
Turn your mobile into your wallet
You have been buying stuff online. Purchased plane tickets, paid your bills, booked your movie tickets. But now you can do it faster and better. And you need neither an internet connection nor a credit card. Your mobile phone will do. Yes, just send an SMS and the deals done. Enjoying the first mover advantage, wireless transactions platform provider PayMate has launched Indias first purchase-by-text system, which allows shoppers to purchase a range of products and services directly from their mobile phone. And this is not limited to high-end mobile phones with integrated digital wallet technology or those that can scan barcodes. All that you need is a phone that can send and receive text messages, says PayMates assistant vice-president, marketing, Akshay Sharma. .
Cap One Bids for Debit Card Share with an ACH-Based Card
(June 7, 2007) A new Capital One Financial Corp. MasterCard debit card that Cap One can market nationwide like a credit card has the potential to vault the financial-services company into the top ranks of debit card issuers and help MasterCard Worldwide swipe debit market share from Visa USA, the payments expert who this week released word of the product says. The rewards debit card, which McLean, Va.-based Cap One is cobranding with merchants, is not linked to any accounts held by Cap One or Hibernia Bank, a bank Cap One acquired two years ago. Instead, the financial-services company, which made its name as an innovative credit card marketer, will issue the card to consumers across the country and then debit their checking accounts through the automated clearing house. By severing the historical tie between debit cards and demand-deposit accounts, Cap One can market the card to virtually anyone with a checking account.
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