Electronic Bill Payment

Creating statements optimized for mobile devices is the biggest area of development for new digital payment options from billers, according to recent research done for payment technology provider ACI Worldwide Inc. The study by London-based technology researcher Ovum in December and January gathered responses from 1,032 executives in 10 countries …

Bitcoin as a payment method may have its critics, but apparently some state governments looking for new ways to collect taxes aren’t too concerned. Illinois is now the third state to introduce legislation that would clear the way for citizens to pay their obligations with cryptocurrency, joining Arizona and Georgia. …

• Bill processor Invoice Cloud announced a collaboration with PayNearMe to allow customers to pay bills with cash at participating retail stores, including CVS, 7-Eleven, Family Dollar, Casey’s General Stores, and ACE Cash Express. • The Miami Parking Authority, the municipal parking-management authority for Miami, said drivers had used the …

The Western Union Co. and the New York Department of Financial Services announced Thursday that the wire-transfer market leader will pay a $60 million fine to settle alleged violations of the state’s anti-money-laundering laws, including transactions that supported human trafficking from China. New York authorities alleged that between 2004 and …

The automated clearing house network’s nearly uninterrupted growth tear took a breather in the third quarter, the period leading up to the introduction of same-day processing for ACH debit transactions. ACH transactions totaled 5.3 billion in the July through September quarter, according to NACHA, the Herndon, Va.-based governing body for …

Boosted by e-commerce sales, growth in credit card payments far outpaced growth in debit card and automated clearing house payments in 2016, according to newly released findings from the Federal Reserve. Credit card transactions grew 10.2% from 2015’s levels to 37.3 billion and were valued at $3.27 trillion, the Fed …

PayPal Holdings Inc. and its TIO Networks unit are arranging free credit monitoring for consumers after finding evidence of a data breach at TIO that the companies say has potentially affected personally identifiable information for about 1.6 million customers of TIO’s bill-pay service. The unauthorized access could have compromised data …

At a minimum, payment technology should create a path of least resistance for the consumer. Difficulty in settling an outstanding bill means organizations risk missing out on prompt payments. The consumer must be able to move freely between the payment channels they choose. Just because a consumer receives an outstanding …

A Cincinnati-based startup called LISNR is promoting technology that transmits payment data over sound waves. The technology, which the company demonstrated Tuesday at the Money 20/20 financial-technology conference in Las Vegas, is now open for beta and can be used as an alternative to near-field communication, the company said. It …

With Venmo accounting for a swiftly growing share of PayPal’s total payment volume, the company’s top brass left no doubt on Thursday they are eager to start making the peer-to-peer payment service start paying its way. “We [now] begin to monetize Venmo,” PayPal chief executive Dan Schulman told equity analysts …