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.



Advertisement


  • Report: CNP Merchants Beware of Fraud-Filled November - Nov. 3, 2014
    Report: CNP Merchants Beware of Fraud-Filled NovemberHeading into the holiday shopping season, Feedzai, an antifraud technology provider that uses machine learning to analyze payment transactions in real time, recently released some interesting statistics pertaining to card-not-present fraud culled from its merchant clients over the past year... November as the biggest month for CNP fraud.
  • Yoyo Chooses BlueSnap Gateway - Nov. 3, 2014

    Yoyo Chooses BlueSnap GatewayWaltham Mass.-based BlueSnap today revealed that British mobile marketing and payments platform provider Yoyo has selected its gateway for cross-border online and mobile transactions.

  • Kmart Latest Breach Victim - Oct. 14, 2014

    Kmart Latest Breach VictimAfter a brief respite as the main target of hackers, a major retailer is in the news after experiencing a breach of its network security. Sears Holdings on Friday acknowledged the POS systems at an unknown number of Kmart stores have been compromised.

  • Two Companies, One Video? - Oct. 14, 2014

    Two Companies, One Video?Two startups trying to change the way consumers use payment cards launched with eerily similar marketing videos. CardNotPresent.com got to the bottom of the mystery.

  • MasterCard Mining Facebook In The Outback - Oct. 9, 2014

    MasterCard Mining Facebook In The OutbackMasterCard and Facebook have signed a two-year agreement in Australia that will give MasterCard access to anonymized Facebook user data the payment network will then offer to its financial institution clients to use for marketing purposes, according to published reports.

  • JP Morgan Chase Breach Could Be Largest Ever - Oct. 6, 2014
    JP Morgan Chase Breach Could Be Largest EverJP Morgan Chase, one of the largest financial institutions in the world and the largest issuer of credit cards in the U.S., disclosed in a securities filing on Thursday that its systems were hacked last summer potentially compromising the accounts of 76 million individuals and seven million businesses.
  • eBay Spins Off PayPal - Oct. 2, 2014
    eBay Spins Off PayPalOn Tuesday, eBay formally announced a move that had been expected, and agitated for by activist shareholders, for some time: PayPal will be spun off as its own independent, publicly traded company during the second half of 2015.

Advertisement

 

 

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