Electronic Bill Payment

Yodlee Inc. announced Tuesday it plans to introduce new technology that could heat up competition in electronic bill payment by letting consumers switch more easily from an online bill-payment program at one bank to that offered by another. The Redwood City, Calif.-based provider of Internet banking software says it will …

Phishing hit record levels in June, according to new numbers released this week by the Anti-Phishing Working Group, though the group cautions that the increase was caused in large part by new data sources that drove up the sample size. The number of unique reports of phishing attacks hit 28,571 …

My Payment Network Inc., a Corte Madera, Calif.-based startup specializing in invoice-based electronic-payment processing for schools and small businesses, says its SchoolPay product could reach between 3,500 and 4,000 schools in the coming year, up from more than 50 at the end of the 2005-06 academic year. At the same …

Seeking to address industry uncertainty about its guidelines on online-banking security, the Federal Financial Institutions Examination Council this week released a set of clarifications it says addresses “a representation” of questions it has received from banks, technology companies, and banking examiners. This latest document from the FFIEC, an agency that …

More and more consumers now expect their last-minute bill payments to be credited to their accounts with near instantaneous effect. And, increasingly, billers and processors are meeting that expectation?or at least laying plans to. “The trend is toward real-time [bill payment],” says Dave Fortney, senior vice president for electronic presentment …

Relying in part on its recently completed acquisition of Princeton eCom Corp., Online Resources Corp., Chantilly, Va., plans to roll out a real-time expedited payments service for its banking-client base by the first quarter of next year, Matthew P. Lawlor, chief executive of the company, tells Digital Transactions News. The …

In the digital world, data storage and security command separate realms?companies that dominate e-storage typically have had little or no presence in the information-security industry, and vice-versa. That's about to change, however, if the nearly $2.1 billion acquisition of prominent data-protection firm RSA Security Inc. by electronic information-storage giant EMC …

On the heels of an online-bill payment product it introduced last week that allows consumers to pay with credit cards, Yodlee Inc. on Tuesday introduced a Web-based tool that competes with personal-finance software and lets consumers pay bills and transfer funds. “We're capitalizing on the convergence between online banking and …

The number of unique phishing attacks and the population of Web sites involved in the online fraud both hit all-time highs in May, following a disturbing trend of dramatic month-to-month increases since late 2005, according to the Anti-Phishing Working Group. Reports of unique attacks?discrete e-mail blasts sent to consumers by …

Hoping to process a growing volume of bill payments customers make in its 76 stores, Verizon Communications Inc. is installing a new point-of-sale system that when complete will speed up check transactions, offer customers real-time payment posting, and allow the telecommunications giant to archive transaction information from multiple payment forms, …