Electronic Checks

The rapid deployment of remote deposit capture technology has not been without some hassles and roadblocks, according to US Dataworks Inc., a Sugar Land, Texas-based processor that says it has developed a solution that solves at least some of those problems and paves the way for even more rapid penetration …

While remote deposit capture continues to be one of the fastest-growing electronic payments products ever introduced, banks are still far too conservative in the way they sell the service, says Bob Meara, a senior analyst at Boston-based researcher Celent LLC. That could change soon, though, as resellers such as independent …

With the exception of the new back-office conversion application, or BOC, growth rates for the automated clearing house's electronic-check codes for transactions originating with paper checks declined in the third quarter. Those numbers might indicate one-time or seasonal blips, especially with the weakening economy, but they could also show that …

While formal bank recruitment hasn't started yet, an 18-month pilot to test the idea of transmitting check data as automated clearing house files is likely to get under way no sooner than the middle of next year, says a senior executive at NACHA, which is sponsoring the project. “[That] would …

After years of torrid growth, the automated clearing house's electronic-check code for lockbox payments has seen its expansion slow almost to a halt. The second-quarter numbers in the accounts-receivable conversion (ARC) standard entry class (SEC) could be just a blip, or they may reflect a permanent shift toward non-paper bill …

A small software company that has sued big banks and processors for years over patents it holds that relate to check-imaging and image exchange scored a series of victories in recent weeks as three banks settled with the company and agreed to license its technology. A settlement between Bank of …

Viewpointe Archive Services LLC, operator of both an electronic check-image archive as well as an image-exchange network, on Monday announced it is entering the business of check-image settlement with the acquisition of PaymentsNation, a Dallas-based company that until recently was known as National Clearing House. The deal, for which terms …

In the 18 months since NACHA introduced an electronic payment method that lets merchants convert bundles of checks in a central location, it's become clear that the method?known as back-office conversion (BOC)?isn't likely to have a big impact on retailers' paper-check volumes. That's according to Bob Meara, a senior analyst …

Hoping to cut its paper-bill costs, AT&T Inc. has quietly made electronic bill payment available to its AT&T Mobility mobile-device customers that have deposit accounts with the more than 3,000 financial institutions that use the e-bill services of bank processor Fiserv Inc.'s CheckFree subsidiary. AT&T Mobility, formerly Cingular Wireless, and …

The softening economy so far hasn't taken a big bite out of payment processors' earnings, but it is having some effects. Meanwhile, processors continue to streamline their operations, integrate acquisitions, and roll out new services. ? Reflecting the recent weakness in consumer spending, big merchant acquirer Heartland Payment Systems Inc. …