Digital Transactions Authoritative, insightful and timely information for payments professionals
In a deal that will expand its client base of billers by 50%, Online Resources Corp. on Thursday announced it is buying Internet Transaction Solutions Inc. for $45 million in cash and stock. The Chantilly, Va.-based bill-payment processor says ITS, which processes payments for some of the country's largest collections …
Read More »Card-Based Bill Payments Take Another Step with Billeo Product
Billeo Inc., whose software streamlines online bill payment for consumers, this week announced new product enhancements that the Santa Clara, Calif.-based company hopes will allow banks to earn more bill-payment revenue. It also extends the company's reach into online shopping with a new software component that automatically fills out online …
Read More »New Tool Lets Phishers Set up Bogus Sites in a Few Seconds
Fraudsters have started using computer files that allow them to instantly create a phishing site on a compromised computer, a move that could make their activities harder to detect, a report from RSA Security Inc. says. The Bedford, Mass.-based security firm's Anti-Fraud Command Center has discovered what it calls a …
Read More »Bill Payment Likely to Be a Key Function of Wal-Mart MoneyCard
Electronic bill payment is a key function Visa USA is expecting holders of the new Wal-Mart MoneyCard prepaid plastic will use the product for. According to Visa, nearly 20% of purchase transactions on its existing reloadable prepaid products are bill payments. The MoneyCard, which is issued by GE Money Bank …
Read More »Seeking More Revenue, Big Banks Get Set to Roll out 11th-Hour Bill Pay
Financial institutions seem likely to give expedited bill payments a big boost in the coming two years, according to survey results released today by Boston-based Aite Group LLC. In a March survey of 22 of the nation's top 100 banks, credit unions, and thrifts ranked by number of checking accounts, …
Read More »Cardtronics’ Latest ATM Deal Hands 7-Eleven a Hefty Payoff
The agreement by Cardtronics Inc., the nation's largest ATM operator, to buy 7-Eleven Inc.'s entire U.S. fleet of 5,500 ATMs and Vcom multi-function kiosks hands the convenience-store chain a hefty return on its ATM investment while expandng Houston-based Cardtronics' network of machines by about 20%. The approximately $135 million cash …
Read More »Report: M-Banking Set to Soar, Will Lead to NFC Payments
The recent surge of interest by banks in allowing customers to view accounts, pay bills, and perform other functions via mobile phones is paving the way for mobile payments to merchants at the point of sale, according to a new research report. In particular, the report argues, mobile banking will …
Read More »Banks Are Starting To Go Mobile, But Consumers Are Ho-Hum
Just as banks are starting to jump back into the mobile-banking market, a research report has emerged to indicate consumers may still not be ready to use their handsets for transaction services. Only 8% of online users who own a cell phone say they are interested in using the device …
Read More »CheckFree’s Market Grows, But Biggest Customer Could Bolt
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 …
Read More »Fraudsters Are Starting to Score Successes Against Online Banking
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 …
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