Looking to bolster its business with retailers, Atlanta-based CheckFree Corp. this week unveiled its CheckFreePay Link service aimed at helping stores draw more walk-in traffic by offering bill-payment services for local utilities and other billers. CheckFree Pay's existing CheckFreePay network has 11,000 agent sites located in check-cashing outlets, grocery stores, …

Bowing to merchant pressure, MasterCard Inc. said Tuesday it will publish its U.S. interchange rates on its Web site and cap interchange fees on certain gasoline purchases. The moves, which will include the first time either of the two major bank card associations has published its interchange rates publicly, follow …

As an e-commerce payment system being developed for the automated clearing house nears a pilot scheduled for early next year, it may confront an old issue that sank an earlier such project: the potential for lost credit card sales online. That's according to an in-depth story on the ACH and …

Large merchants whose card transactions are chiefly derived from physical stores, rather than the Internet, will now face stricter requirements for proving compliance with the Payment Card Industry data-security standard, according to an expert observer. With Visa USA this week introducing a revision of the volume bands by which it …

Wachovia Corp., some of whose debit card holders have been victimized by a data breach that happened several months ago, began sending notices and replacement cards to those customers recently because it began to see signs of fraud after months of monitoring the accounts, the bank says. Although Wachovia's action …

A proposal to merge electronic check images with automated clearing house records, which first came to the fore at an industry trade show earlier this month, could become a reality?at least in a limited way–relatively soon. Backers of the plan, which include executives with at least two of the nation's …

The possibility that Bank of America Corp. could start its own payment card network and brand poses some big risks and would bring big expenses for the Charlotte, N.C.-based banking giant, though it could enable BofA to differentiate itself in a mature card industry, analysts say. Reports that BofA chairman, …

In building out a network of point-of-sale readers to accept their contactless cards and tokens, banks and their card associations could be creating an infrastructure that will also support payments based on new mobile-payment technologies like Motorola Corp.'s M-Wallet software that could bypass the lucrative credit card interchange system, one …

With its settlement today with NCR Corp., DataTreasury Corp. will be able to tap technology that will allow it to move beyond check processing and into technology supporting automated clearing house and card transactions, the company's lead counsel says. The small Melville, N.Y. technology company, which had sued NCR early …

Biometric-payments processor Pay By Touch Solutions' plans to use CardSystems Solutions Inc.'s processing platform and reseller relationships to help market its point-of-sale authentication system to merchants may hit a few snags, in the view of a leading competitor. BioPay LLC, a Herndon, Va.-based processor that like Pay By Touch authenticates …