There will be a day when it will be next to impossible for the average sized business to get an ACH processing account because Third Party ACH Processors are not exercising due diligence. Stephen Price – General Partner, Regal Technologies and E-Complish At Regal Technologies we’re asked every day, “How fast can I get an [...]
Sat 05/05/2012 - 01:50
Tue 04/24/2012 - 01:20
From the Desk of NACHA President & CEO Janet Estep For more than 40 years, Earth Day {www.earthday.org/2012} has served as a reminder of the Earth’s generous yet limited resources, and rekindled the need to protect those resources. April 22nd has been designated as Earth Day – a day when consumers, [...]
Fri 03/30/2012 - 08:28
MasterCard, Visa confirm credit card data theft described as ‘massive’ As Reported by Bob Sullivan via MSNBC “MasterCard is currently investigating a potential account data compromise event of a U.S.-based entity and, as a result, we have alerted payment card issuers regarding certain MasterCard accounts that are potentially at risk,” that association said in a [...]
Fri 03/23/2012 - 09:06
New data from automated clearing house governing body NACHA reaffirm the continuing gains of electronic bill payment and the long-term decline in consumer check writing to pay bills. NACHA’s report for 2011’s fourth quarter says that transactions under the so-called WEB standard entry class code for Internet bill-payment debits grew 6.9% to 685.9 million from [...]
Thu 02/23/2012 - 09:52
AP, Canada, CEMEA, LAC, U.S. | Acquirers, Issuers, Processors, Agents Visa is committed to safeguarding the integrity of its payment system by ensuring that all fraudulent activity is swiftly re-mediated. Members are encouraged to follow industry best practices, adhere to the Visa International Operating Regulations and implement strong security controls to protect their operations and [...]
Tue 11/08/2011 - 04:28
Small merchants are not much more aware of—let alone compliant with—the Payment Card Industry data-security standard (PCI) than they were a year ago, according to a study released this week. Some 53% of small merchants are now at least aware of PCI, a small increase from the 47% a similar survey found in 2010. “Awareness [...]
Tue 11/08/2011 - 04:19
Release Date: Wednesday, November 02, 2011 Equifax’s latest National Credit Trends Report shows that Total consumer debt now stands at $11.2 trillion, nearly equivalent to the $11.1 trillion posted pre-recession in 2006 according to the most recent Equifax National Credit Trends Report. Consumer debt outstanding peaked in October 2008 at $12.4 trillion. In addition the report [...]
Fri 09/30/2011 - 11:51
Posted by Digital Transactions 09/28/11 The automated clearing house network took a crucial step toward faster transaction movement last Friday when NACHA, the network’s governing body, distributed a request for comment on a proposal for same-day settlement. NACHA sent the 22-page document, which sets out a proposed system called Expedited Processing and Settlement (EPS), by [...]
Fri 09/30/2011 - 04:23
Posted by Chad Davis on September 30, 2011 at 9:05am As expected another big bank announced new fees associated with debit card usage. Bank of America recently announced a $5 per month fee for all customers who use their debit card fee—with exception to ATM usage and certain special accounts. This new fee [...]
Tue 08/30/2011 - 03:28
PaySecure allows the merchant to tap into 80+ million debit cards in the U.S. that can only be used with a PIN. There is no question that consumers who shop online are usually able to find better products and selections than in retail stores. So what about the consumers that are not shopping online? With the constant threat of identity [...]
Wed 07/20/2011 - 08:50
The Red Tape Chronicles on MSNBC by Bob Sullivan Coin operated parking meters appear poised to go the way of the typewriter and the Sony Walkman, and parking in many American cities is about to get much easier. But like many modern conveniences, this advancement comes with a price — more specifically, a fee — [...]
Mon 07/18/2011 - 06:13
Faster clearing and settlement of automated clearing house transactions, hampered by a host of issues and limitations, could be picking up some momentum, albeit slowly. Software is emerging to allow both large and small financial institutions to take advantage of a nearly 1-year-old Federal Reserve service that clears transactions on the same day they are [...]
Tue 06/28/2011 - 04:03
With final debit card regulations at hand that will end exclusive partnerships between payment networks and debit card issuers, the head of Discover Financial Services says his company has added capacity to its Pulse electronic funds transfer network to handle anticipated new business. “Our Pulse network is highly scalable; we have taken actions to build [...]
