Electronic Bill Payment

Consumers' willingness to pay credit card bills online is rising rapidly, with 524 million transactions in 2006, a 27% jump over 414 million payments in 2005, according to survey data from comScore Inc. The most recent online payment volume, which represents payments consumers make at card issuers' Web sites, is …

Electronic bill-payment and presentment technology may be CheckFree Corp.’s sexiest products, but bank processor Fiserv Inc. will be get access to other fast-growing markets when its planned $4.4 billion cash acquisition of CheckFree, announced Thursday, closes. Most notable, perhaps, is that CheckFree just happens to be the leading provider of …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …