PayPal Inc. saw its transaction volume swell 19% in the first quarter, to 177 million payments, while its non-auction business expanded to 39% of all transactions in a performance widely credited with boosting parent eBay Inc.'s financial results for the period. News of the e-commerce transaction processor's performance comes just …

With the aim of expanding the debit card's reach into the booming world of Web-based micropayments, the Star electronic funds transfer network plans to start testing PIN-less online debit payments within a few weeks. The test will run about four months and involves Solana Corp., which will act as an …

Rejected by many retailers, the point-of-purchase electronic-check code has one fan that really counts: Wal-Mart Stores Inc., the world's largest retailer. Bentonville, Ark.-based Wal-Mart expects the last 300 of its approximately 3,400 U.S. Wal-Mart locations to go live with the automated clearing house payment option next Monday. Wal-Mart's push behind …

Electronic transactions using unique numerical identifiers to mask account and routing data are rising fast, and now the company behind the technology expects it will be commercially available for consumer payments in about a year. The Clearing House Payments Co. LLC says corporate users made 80,459 transactions in 2006 using …

Never wanting for hype, the electronic bill-payment industry may actually have something solid to crow about. Bill-pay processor CheckFree Corp. released a survey this week saying that for the first time, Internet-connected households are paying more bills electronically than by paper check. Tempering the good news for the Norcross, Ga.-based …

In a terse announcement released on Thursday, Visa USA said its overall effective interchange rate for the coming year will be 1.77%, up 0.6% from the 2006 systemwide rate. Without giving further details about its new rates, Visa said it will post a rate card laying out its entire schedule …

Most banks report that their online-banking and bill-pay channels are experiencing no or only modest increases in fraud, according to a new survey from Boston-based research firm Aite Group LLC. But that's no reason to rest easy, says the researcher who oversaw the survey. Aite surveyed 21 of the top …

Could the 2008 presidential election be influenced by the candidates' Web sites?and in particular, those sites' ability to process online donations? A report released on Wednesday by Gomez Inc., a company specializing in Web-site performance measurement, would seem to suggest it might be. According to an online poll of prospective …

A processor that allows consumers to pay online with their PIN debit cards signed its second merchant this week and expects 18 more by the end of the year, including two more this quarter. “I feel good about the conversations we're having now with top online merchants,” says Robert Ziegler, …

After months in which banks struggled to cope with the technology and rules surrounding image exchange, check processors so far in 2007 are reporting remarkable leaps in image-exchange volume. The nation's largest image-exchange network reported Monday its March volume hit 177.4 million items, up 507% over March 2006. Volume was …