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NYCE Revives ‘Safe Debit’ Name for PINless Debit Test Set for '09
(November 18, 2008) Electronic commerce hasn’t been the slam-dunk for the electronic funds transfer networks that it has been for Visa and MasterCard. One of the biggest issues has been if and how to facilitate Internet transactions from PIN-based debit cards issued by the EFT networks’ member banks and credit unions. Now Metavante Corp.’s NYCE EFT network is about to test PINless debit transactions using technology from San Jose, Calif.-based Verient Inc.
(November 18, 2008) Electronic commerce hasn’t been the slam-dunk for the electronic funds transfer networks that it has been for Visa and MasterCard. One of the biggest issues has been if and how to facilitate Internet transactions from PIN-based debit cards issued by the EFT networks’ member banks and credit unions. Now Metavante Corp.’s NYCE EFT network is about to test PINless debit transactions using technology from San Jose, Calif.-based Verient Inc.
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