Advertisement

Ancient Market Informs New Name for Alternative E-Commerce Payments Processor

Oct. 4, 2010

Moneta, an Atlanta based alternative payments processor for online transactions, said it is changing the company’s name to Rialto Commerce. The company said the new name for one of the newest ways to conduct commerce alludes to one of the oldest. “The term ‘Rialto’ has historical significance as it pays tribute to the well-known Rialto Bridge market in Venice, Italy—one of the world’s oldest trade markets for merchants, financiers and discerning buyers,” said Carol Kleywegt, vice president of marketing for Rialto Commerce. “The name Rialto Commerce underscores our plans to mirror the market’s role as a central facilitator for e-commerce transactions.” According to the renamed company, it also will rebrand its flagship product—an online payment wallet that enables consumer to pay using their bank accounts—as Rialto Pay. The company said Rialto Pay drives incremental e-commerce revenue for both banks and merchants. “Through Rialto Pay, merchants market products to premium bank-qualified consumers while banks provide their customers with more online payment choices.” Rialto said it will begin migration of its merchant partners’ Websites to a new payment button immediately and will continue the process through the end of this year. Shoebuy.com, Stacks and Stacks and Delta Air Lines are some of the merchants that have integrated Rialto Pay on their Websites.


  • 3 Million Cards Affected in Michael’s Breach - April 21, 2014
    More details of the security breach at arts-and-crafts retailer Michael’s, first reported by Brian Krebs at KrebsonSecurity.com, emerged before the weekend when the company disclosed the payment information of 3 million customers was compromised in the attack.

Advertisement


  • Payvision Expands into Canada - April 14, 2014
    Payvision Expands into CanadaDutch PSP Payvision is enabling cross-border e-commerce for its clients in a growing number of countries. The most recent region into which the Amsterdam-based company has expanded its operations is Canada.
  • Heartbleed Fallout Continues - April 14, 2014
    Heartbleed Fallout ContinuesSince last week, e-commerce, payments and security companies have been reacting to the news of the security vulnerability—dubbed the Heartbleed Bug—uncovered in the OpenSSL encryption standard.
  • Forte Unveils Online Payment Platform - April 10, 2014
    Forte Unveils Online Payment Platform Forte Payment Systems, a provider of online and mobile payment technology, yesterday unveiled an online payment platform that enables e-commerce merchants to accept eCheck payments in addition to traditional card payments.
  • APC Adds minFraud to Product Hub - April 3, 2014
    APC Adds minFraud to Product HubAlpha Payments Cloud this week added minFraud from MaxMind to its APC Product Hub. minFraud is an antifraud software product that offers fraud risk scoring based on IP address, email and device reputation.
  • Colo. ISO Files for IPO - March 31, 2014
    Colo. ISO Files for IPOOn Friday, Mercury Payment Systems announced it has filed registration papers with the Securities and Exchange Commission proposing an initial public offering that could net the company $100 million.
  • Klarna Closes on SOFORT Deal - March 13, 2014
    Klarna Closes on SOFORT DealSwedish online payment provider Klarna said its acquisition of German competitor SOFORT, which was first announced in December, has cleared all regulatory hurdles and is now complete.
  • Congressional Hearings on Breaches Continue - March 10, 2014
    Congressional Hearings on Breaches ContinueCongressional hearings in the wake of the massive security breaches uncovered last December (and the ones still emerging) continued on Thursday as the House Subcommittees on Oversight and Research and Technology had their say on the matter.
  • Sears: No Indication of Breach - Mar. 3, 2014
    Sears: No Indication of BreachChicago-based Sears issued a statement on Friday that said while an internal investigation of its security systems is in progress, “we have found no information based on our review of our systems to date indicating a breach.”

Advertisement

 


      CNP Expo

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here