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Othentik's direct payment by Internet in the news since 2000
In this section, you will find our most recent informations and articles appearing in various communication media.
You can find more info in the french version of this section
 Visitors from over 200 cities around the world on Othentik's website...
December 2, 2008 - Patrick Rioux
+ some words on Octas, Clic Revenu from Governement of Quebec and ... on the NACHA.
... " Credit card traffic could be privately processed "
Digital transactions, Dec 9, 2004
... Othentik Technologies Inc., Montreal, has signed a deal to license its software to US Dataworks Inc., a Houston-based processor of transactions on the automated clearing house, to offer a service that will enable both online debits and credit card transactions.
And in a development with potentially far-reaching ramifications for Visa and MasterCard,
the credit card traffic
could be privately processed, bypassing the bank card networks, according to US Dataworks.
"We're looking at the fine print of the [Visa and MasterCard] rules to see if we can do that,"
says John J. Figone, vice president of business development at US Dataworks. "We think we can."
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US Dataworks and Othentik team to deliver online payment authentication
HOUSTON, Nov 5, 2004 - FinExtra.com - US Dataworks, Inc.
" ... Under the alliance, US Dataworks will join with Othentik to launch the premier payment solution based on online banking
authentication. 
Othentik's credit push technology enables online shoppers to request a designated payment at the merchant's
website; allows that request to be authenticated in real time by the shopper's financial institution; and then provides for the
bank to pay the merchant privately and securely after the transaction has been authorized. This unique sequence of
operations puts authentication back in the hands of the trusted financial institution, and vastly reduces fraud, charge-backs
and abandoned transactions commonly seen in online shopping. ...
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Girding for battle
May 7, 2004 - Steve Mott - BAI - Banking Strategies
... How much longer can this idea be kept out of the U.S.? ...
Othentik to highlight World Intellectual Property Day
April 22, 2004 - Othentik Technologies Inc.
COPYING IS STEALING !
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" Although consumers have been made aware, through a number of campaigns, of the copyright issues involving music and software, it is essential that companies and major institutions also be alerted to the problem. After all, whether one is a consumer, a business enterprise, or a major institution, it remains true that COPYING IS STEALING ! "
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April 26 - World Intellectual Property Day
April 15, 2004 - World Intellectual Property Organization
Message from Dr. Kamil Idris, Director General of the World Intellectual Property Organization (WIPO), on World Intellectual Property Day, April 26, 2004
Finalist in the Octas price for Technological Innovation
April 8, 2004 - Othentik Technologies Inc
The candidacy of Othentik was chosen among 4 finalists for the prize
- Technological Innovation - 200 employees or less - from contests OCTAS 2004.
Online Banking/E-Commerce
March 29, 2004 - Credit Union tech-talk
The company claims that this unique sequence of operations puts authentication back in the hands of the trusted financial institution, and reduces fraud, chargebacks and abandoned transactions. Othentik says that with their system, consumers are verified by their financial institutions; merchants receive reliable, guaranteed payment offline; and financial institutions regain control of online transactions, while securing a key role in a booming new market.
Othentik participating at NACHA's Payments 2004 ...
March 26, 2004 - Othentik Technologies Inc
Indeed, we were the most important congress for the payment in the United States, Payments 2004 of NACHA, which took place from 21 to 24 March at the Convention Center in Seattle.
We had reserved a space as an exhibitor, and although it was our goal, we never thought Othentik became the most visited and attractive space of all the Payments 2004 conference of NACHA.
Dozens and dozens of financial institutions and companies have come out about our application for payment, totally innovative.
Othentik Technologies announces that
World Cargo Alliance embrace its direct payment solution
March 23, 2004 - Othentik Technologies Inc
"This solution will avoid high bank transfer fees for our 1000 members located in over 115 countries."
- commented Mr. David L. Yokeum founder and president of World Cargo Alliance Inc.
Appeared on :
Othentik introduces Direct Payment with Bank Authentication to the US
March 21, 2004 - Othentik Technologies Inc
A major innovation in online payment
"This is a major innovation in online payment," says Steve Mott, an industry expert from the consulting firm BetterBuyDesign. "It gives banks their best shot to date at getting back into the Internet marketplace. And it is altogether fitting that it be introduced here at NACHA Payments 2004; a year and a half ago, NACHA tried to launch a very similar innovation, only to have some of its member banks balk, thinking people weren't ready for this kind of solution. Well, the market's ready now!"
9 million consumers are waiting for you with HyperPaiementMC
Le Détaillant - Conseil québécois du commerce de détail - Summer 2003
Since 2002, Othentik Technologies collaborates with the CPA in the preparation of the first rules on timely payments on the Internet.
Othentik participated in the general sponsorship of the event which allowed him to take part in officially.
The event of the year in the banking industry has confirmed the viability of the solution HyperPayment.
TV News - In 2003, The conference of the CPA, "Panorama Payments", will take place in Quebec
Télévision Quatre Saisons - June, 2003
As the planets aligned ...
... one of the most important moments in the life of Othentik;
(After the Othentik tornado at the largest conference in the world of payment in the United States "Payments in 2004" of the NACHA)
the Othentik earthquake at the conference of the CPA "Panorama 2003".
The Canadian Payments Association holds this conference every two years, each time in a different province.
Once every 24 years it happens in Quebec.
As the planets aligned ... what luck! This year it is in Quebec.
All the team of Othentik was mobilized for the event. An unforgettable moment in a memorable city, Quebec City.
Pay directly on the Net, debit card-style
Nelson Dumais - Journal de Montréal - June 4, 2003
The missing link
You might wonder why this missing link in banking services hasn't appeared sooner. The idea is incredibly simple, given that it addresses the highly complex world of banks, the Interac system and international competition-where numerous interests are at stake, efforts not always convergent, and initiatives generally quite costly.
Think about it . . . you're young, the year is 2000, 2001 or 2002, and most small dot.coms-more often than not a bunch of grossly overrated two-bit companies-have nose-dived, taking plenty of stock portfolios along with them. Now you want to convince the heavyweights that your small-time operation has just the solution they're looking for. Talk about a challenge!
You basically have to persuade the Royal Bank, CIBC, Desjardins and Co. to use your electronic payment technology so that their customers can pay their municipal taxes, and buy books at Amazon or a ticket for the MSO.
You also have to convince the debit card people at Interac that thanks to you and your technology, they'll be able to extend their service to the Internet.
Othentik for the first time on TV at the Revenge of the NerdZ!
La Revanche des NerdZ! - Z Télé - March 10, 2003
Pay directly from your internet bank
After 3 years of research Othentik Technologies will launch HyperPaiement a secure online payment you can pay for your purchases directly from your internet bank account.
... Currently when you go on the site of a merchant, we'll give our credit card to the merchant who will give a broker or will treat himself to get the funds into your bank account.
... The concept is simple and logical. One wonders why it does not being created earliest.
Quebec company offers new way to shop online
Sylvie Pesme - Electronic Commerce Institute - March 6, 2003
Customers can pay bills from their bank account, buy on credit directly through their online banking service ...
Since all transactions are processed through their bank, consumers never have to give merchants their credit card number on the Internet, and no third party is involved.
Othentik direct payment on the Internet
Editorial Staff - Bénéfice.net - March 4, 2003
Has Othentik unearthed the Grail of online payment? The company says its HyperPaymentMC system means you soon won't need your credit card to settle online purchases. Instead, Othentik's proposed solution involves using a portal that will let you pay your bill online directly via your bank account.
Consumers Still Leery of Shopping Online
Jean-François Codère - Journal de Montréal - March 3, 2003
"Consumers might be more willing to shop online if they could complete the transactions through their banks, who they appear more willing to trust," commented Éric Lacroix, research director at the Centre Francophone d'Informatisation des Entreprises (CEFRIO), upon the release of the NETendances findings in January 2003.
A new alternative for online payments
Isabelle Vachon - SISTech Bulletin - CEFRIO - February 28th, 2003
Othentik Technologies is currently working with the Canadian Payments Association (CPA) on a draft policy framework for remotely initiated one-time payments.
...
Last week, credit card giants VISA and MasterCard were hit with their biggest fraud scam yet. By pirating the computer system of a company that processes transactions for merchants, hackers were able to obtain close to eight million credit card numbers.
Direct payment on the Internet, coming soon!
Jean-François Parent - Newspaper Le Droit d'Ottawa - June 15th, 2002
You find a CD or a book on the Internet. To pay for your purchase, you select your financial institution, and you are directed to their web site. Once in your account, accessible with a password, the merchant's bill is there, waiting to be paid. You authorize the debit and your financial institution confirms to the merchant that the sale is completed. All this in less than a minute.
"Banks are the most secure for on-line transactions. If they permit direct payment on the Internet, as they do in stores with Interac, e-commerce can finally really take off", adds Mr. Rioux.
Construcsite Inc. changes its name to become Othentik Technologies Inc.
Othentik Technologies - November 1st, 2001
World pioneer in the field of secure payment and fund transfer solutions on the Internet, Othentik Technologies proposes an innovative method of on-line payment, using the payment procedures established by the financial institutions on their own websites. The services provided by Othentik Technologies are offered on a transactional basis. It is the secure way to pay on the Internet.
Construcsite innovates with the Internet Direct Payment
Jean-François Parent - Journal La Presse - June 27th, 2000
Electronic payment of bills is already in force on the sites of financial institutions. But the system now in vogue does not automatically create an account with the online merchants.
... "Security is a major obstacle to the development of electronic commerce, says Éric Lemieux, director of electronic commerce at Desjardins. Currently, transactions are done through a server credit card, an electronic portfolio or a smart card. "
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