Electronic Bill Payment

In 2018, the acceptance of virtual cards, also known as v-cards, by small-to-midsize businesses (SMBs) increased significantly as suppliers embraced the improved security and convenience of this digital payment method over paper checks. Still, making the leap to fully automated payments remained a challenge for most within this market segment. …

An affiliate of Elliott Management Corp., a hedge fund that is trying to acquire remote deposit capture software provider Mitek Systems Inc. through a portfolio company, plans to nominate seven director candidates at Mitek’s 2019 shareholder meeting, Mitek reported in a regulatory filing. The meeting date and location hasn’t been …

Core processors for financial institutions are starting to make their moves in voice-triggered consumer payments, and Jack Henry & Associates is looking to stake out an early lead in this nascent business. The Monett, Mo.-based company on Wednesday said its iPayQuickPay bill-pay service is integrated with Alexa smart speakers from …

A consumer bill-pay survey revealed that 46% of consumers routinely pay after the due date or never pay at all. Of these, 72% are “very” or “extremely likely” to pay on time if they could pay with a credit or debit card, while 69% would pay on time if they …

First Data Corp. released its Holiday Insights dashboard, which shows real-time U.S. holiday spending trends, such as total spend percentage increase, today’s most active categories with average ticket and total transactions, and regional payment volume. To date, it indicates retail spending from Thanksgiving through Black Friday increased 6.4% year-over-year. Cardfree Inc., …

Mene Inc., an online jewelry merchant, agreed to use a real-time consumer-credit program from Affirm Inc., a payments and lending platform. Citigroup Inc.’s treasury and trade solutions unit said it extended its Citi Payment Insights service to 20 new markets, bringing to 70 the number of global markets where the …

Payments between businesses have long remained ensnarled in paper processes that consumer payments have largely left behind, but lately signs have emerged that technology is at work streamlining business-to-business transactions. On Monday, fleet-fueling and corporate-payments specialist WEX Inc. said it will work with American Express Co. to allow clients to …

Left behind in the last decade’s rush to sign up merchants for electronic payments is the non-profit sector, made up chiefly of faith-based organizations that collect billions of dollars yearly in offerings and donations—most of it in cash and checks. Still, payments providers are starting to pay attention, and on …

If the Federal Reserve decides to compete in the developing market for real-time payments, it will face considerable obstacles, one of which has to do with whether such competition is really needed, according to an official with The Clearing House Payments Co. LLC. The Clearing House, which is recruiting financial …

Unless you’re talking about check-writing or cash usage, just about every measure of transactions and volumes in payments is up, up, up these days. But a new study from the Federal Reserve Bank of Atlanta says consumers actually made fewer payments in October 2017 than they did a year earlier. …