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Tag Archives: Payments

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          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, [...]

Regal Technologies and Debt Resolve Announce a Joint Marketing Partnership

Debt Resolve, Inc. (OTC BB: DRSV) announced Thursday that Regal Technologies LLC, a provider of leading payment management solutions, and Debt Resolve have entered a marketing partnership where Regal will market DR Settle(TM) and DR Prevent(TM) to its clients. Debt Resolve will market Regal’s payment processing solutions to its clients and new relationships. David Rainey, [...]

Will Retailers Use “Tender Steering” to Control Interchange Fees?

Cross Posted from PaymentsU.com You might think that after half a century of having little or no control over the fees they pay to accept card payments, retailers would be demanding that all mobile commerce products and NFC-enabled systems support tender steering.  They are not.  Retailer associations have been virtually silent on the topic, and there [...]

Market Opportunities on Biometric Payments?

Cross posted from Payments101.com by Rik Coeckelbergs As I mentioned in my last blog I was going to elaborate a bit more on the market opportunities of Biometric Payments these days. Through a couple of recent examples I hope to give you a better idea on how and where Biometric Payments can be a success and [...]

Posted by Digital Transaction January 5, 2010 While electronic payment methods continue to gain ground against paper-based payments, consumers show widely varying attitudes toward specific types of electronic methods, according to a recently released report from the Federal Reserve Bank of Boston. The paper, which the Boston Fed published last month and is based on [...]

(January 7, 2010) as posted by Digital Transactions With an eye on the image-exchange networks banks have built since Check 21 took effect more than five years ago, analysts at the Federal Reserve Bank of Chicago and the head of the rules-setting organization for image exchange are proposing a new form of payment that would [...]

October 23, 2009 as posted by Digital Transactions  Utility companies looking to convert from paper-based billing to electronic payments are continuing to become payment card acceptors, according to the MasterCard Inc. executive who oversees the network’s programs for that merchant sector. “We’re very pleased with the movement towards card acceptance across utilities of all sizes,” [...]

New developments in patent law may have a dramatic impact on payments players says Clifford S. Stanford, assistant vice president and director of the Retail Payments Risk Forum at the Atlanta Fed Market commentary: Federal Reserve Bank of Atlanta, 14 October 2009 as posted on Finextra A seemingly obscure point of interpretation of US patent [...]

Posted by: James Hussher on September 29, 2009 at 8:02AM EST on BizJornals.com A Greenwich Village restaurant in New York City recently stopped accepting cash payments from diners, now taking only credit or debit cards.  The owner states that it has sped up checkout and reduced concerns over employee pilferage and security concerns for bank deposits after [...]

In a cost-cutting move, Whole Foods may emulate Fresh & Easy in accepting only cash and credit and debit cards at checkout. September 21, 2009 By Jerry Hirsch Los Angeles Times Long before banks started locating branches inside supermarkets, grocery stores acted as informal financial establishments, cashing payroll checks and personal checks to provide ready [...]

Treasurers want to watch the full lifecycle of payments, says Standard Chartered transaction banking head Karen Fawcett. By Edward Russell  |  18 September 2009  as posted on FinanceAsia.com Payment transparency is a hot topic at this year’s Sibos, the annual transaction banking conference organised by The Society for Worldwide Interbank Financial Telecommunication (Swift) that is being [...]

As posted by Digital Transactions (August 25, 2009) It’s now official: Wal-Mart Stores Inc. has become a major distributor of walk-in electronic bill-payment services. Processor Fiserv Inc. announced that 3,755 U.S. Wal-Mart locations now offer standard and next-day bill payments from Fiserv’s CheckFreePay service. The service enables customers to pay 2,500 utility, credit card, phone, [...]

Posted by Digital Transactions (August 14, 2009) Merchants increasingly are complaining about the rising cost of accepting PIN-debit transactions, once by far the cheapest payment they could process from any piece of plastic. Now, data compiled by the Federal Reserve Bank of Kansas City show why: the cost of accepting PIN-debit cards rose 305% between [...]