HomeATM to take PIN debit to Web transactions

HomeATM to take PIN debit to Web transactions
Tags: Bank / Credit Union, Debit / Credit, EFT Networks, North America, Other
December 27, 2007

Digital Transactions: HomeATM, an engineering company based in Montreal, has struck a deal with Universal Air Travel Plan Inc. to enable air carriers to accept PIN debit and credit cards on their Web sites with card-swipe authentication. The company also has applied for a patent on technology that could give online merchants card-present rates on credit card payments. Web-based merchants must pay card-not-present interchange rates on credit card transactions, which are higher than the rates brick-and-mortar retailers pay. HomeATM, has five online merchants using its technology.