Automated Clearing House

NACHA's proposed new product for Internet transactions, which it is proposing to test later this year (Digital Transactions News, March 15), could unleash powerful competitive forces among banks if it becomes a commercial payment application, an expert observer notes. Banks that choose to allow their customers to pay online merchants …

A recruitment effort began today to find banks, billers, and merchants to participate in a pilot of a new system by which consumers would be able to make payments on the Internet through the automated clearing house. Sponsored by NACHA, the Herndon, Va.-based organization that sets rules for the ACH, …

A new form of automated clearing house payment that merchants could use to convert checks into electronic funds transfers could become a reality by September. A proposal from NACHA for so-called back-office conversion, which would allow businesses to collect consumer checks from points of sale and convert them later on …

A proposal for a new payment application that would allow merchants to convert bundles of consumer checks to electronic transactions in a central location has received largely favorable comment from banks, merchants, and other industry participants. NACHA, the Herndon, Va.-based rules-setting organization for the automated clearing house, is reviewing written …

Debitman Card Inc., which has been seeking issuers for its PIN debit processing network, announced two this week. Binghamton Giant Markets Inc. and HAC Inc., both regional supermarket chains, have agreed to issue cards on Debitman's network. HAC, which runs 67 stores in Oklahoma and Kansas, has begun issuing Debitman …

Four months after introducing a marketing system that communicates with customers' mobile phones, Broadway Marketplace has had such positive sales results its top executive says the Cambridge, Mass.-based supermarket will add an electronic payment function within the next two months. The store, which last September began using a service called …

With its settlement today with NCR Corp., DataTreasury Corp. will be able to tap technology that will allow it to move beyond check processing and into technology supporting automated clearing house and card transactions, the company's lead counsel says. The small Melville, N.Y. technology company, which had sued NCR early …

A startup company led by the former head of a processor of automated clearing house transactions is readying a network that will allow consumers to use their driver's licenses to pay for goods at the point of sale. Boulder, Colo.-based Combined Payments Network LLC plans to formally unveil its product, …

Accelitec Inc., a Seattle-based company that last year launched a contactless-payment system aimed at merchants rather than banks, says it is preparing for expansion this year by smoothing integration with existing merchant networks. The company's PayPilot product is in beta with an unidentified merchant, and officials say they expect to …

Two bitter rivals in the biometric-payments arena have merged to helped spur adoption of the technology among merchants. Tim Robinson, chief executive of BioPay LLC, which will shortly become part of its largest competitor, Pay By Touch Solutions, as the result of a deal announced today, says the longstanding rivalry …