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A technology company affiliated with a California community bank says it has come up with a way to let consumers make Internet purchases with debit cards. Electronic Paycheck LLC, majority-owned [...]

Reports on credit card-industry discussions during Faulkner & Gray's 2000 Credit Card Forum held in Miami, Florida. Executives' concern about the emerging world of payments through the Internet and mobile telephones; Vulnerability of banks that offer payment and presentment services; Market for buying credit card debt.

Discusses the merits and limitations of Internet-enabled credit card terminals. Elimination of chargeback disputes; Availability of all receipts electronically on the Web; Arguments on the low market demand for the product; Opportunities presented to consumers; Injection of a new competitive spirit into the merchant-acquiring business.

Reports on automated teller machine operator Star Systems Inc.'s licensing of an Internet debit card payment system developed by its competitor, NYCE Corp. Plan to make the Internet product, SafeDebit, available to their member financial institutions; Encouragement of banks to send free SafeDebit software to online banking and debit card customers; Participation of several Internet merchants.

Discusses the efforts of banking executives to improve the efficiency and secure access through the Internet of automated teller machine (ATM) networks. Role of ATM/debit cards in improving secure on-line transactions in real time; Comparison between ATM and smart cards.

Reports on the e-commerce alliance between First Data Merchant Services and Entrust Technologies Inc. First Data's sale of digital certificates from Entrust to online merchants; Other services and products offered by First Data to its clients; Terms under the deal.

Focuses on NYCE Corp.'s debit-card-style payment system offered to financial institutions and retailers. Limitations of online debit cards; Description of the company's SafeDebit product; Comments of banks and other financial institutions on the product.

Reports on the National Automated Clearing House Association's plan to test a system that will enable consumers to make online purchases with automated teller machine (ATM) cards in 2000. Test participants from the banking, ATM networking, and technology vendor communities; Explanation of how the Internet ATM payment mechanism is expected to work; Secure storage of digital signature keys.

Reports on card processor First Data Merchant Services' electronic commerce strategy. Establishment of an Internet commerce group led by chief financial officer Lee Andrean; Survival of a 1997 slump that stemmed from bank-customer losses in merchant processing and management turnover; Value of transactions processed annually; Teamup with Western Union and Telecheck to introduce an Internet payment gateway.

Focuses on the reception of bankers and Internet vendors on the potential of electronic wallets and on-line bill payments. Debate on how involved banks need to be in the Internet evolution of transaction services; Advantages of electronic wallets.

Focuses on the challenges facing international electronic commerce merchants in the year 2000. Jurisdictional problems linked to offshore banking and gaming; Increase risks of charge-backs; Inconsistencies in cross-border rules and enforcement; Lack of capability to handle Internet conditions.