Contactless payments took another incremental step recently when USA Technologies Inc. struck an agreement with Visa Inc. under which Visa will subsidize the deployment of up to 4,000 of USA Technologies' card-accepting devices for vending machines. The agreement, potentially worth $800,000, is significant because it is the first between Visa …

Inexorable forces are reducing the ranks of payments processors and electronic bill-payment providers, as the planned buy-out of Metavante Corp. by Fidelity National Information Services Inc. (FIS) shows. Remaining ones such Online Resources Corp. are vulnerable to Wall Street pressure, as a proxy fight in progress shows. But some companies …

Bling Nation Ltd. on Wednesday said it has completed a 10-day test of its alternative-payment platform, known as the Community Payment Service. The Palo Alto, Calif.-based company also said it plans to continue testing its system preparatory to a rollout. Bling Nation's platform creates closed-loop transaction networks linking local merchants …

A Federal Reserve Bank proposal to speed up settlement times for certain automated clearing house transactions has provoked at least one electronic-payments executive to offer an alternative proposal that he says will accelerate clearing times without the threat to banks he sees in the Fed's idea. Danne Buchanan, chief executive …

The electronic-commerce payments market remains highly competitive despite the recession, and the online niche payment systems are trying to adapt their game plans to the fluid conditions. “The economy is helping us on the consumer side and the merchant side,” says Sergio Pinon, chief executive of eLayaway LLC, an online …

The market for decoupled debit cards, which has been eerily silent for about a year, may soon be making waves again. An executive with Tempo Payments Inc., a non-bank processor with the only network-branded product on the market currently, said this week the company plans to launch a new product …

Several years of hype haven't yet motivated many consumers to embrace banking and payments through cell phones and other mobile devices, though there are signs that consumers are warming to the new technology, according to new survey results from KPMG LLP. The audit, tax, and consulting firm asked more than …

RideCharge Inc., a software vendor specializing in the taxicab market, is getting more mileage on its booking and payment application as the popularity of mobile phones grows. The Alexandria, Va.-based firm most recently added the largest cab company in Boston, the 200-plus vehicle fleet of Boston Metro Cab, to its …

Consumers' propensity to use mobile devices to conduct banking functions depends on the sophistication of the device, not on the consumer's age, according to recent research. Indeed, mobile users equipped with iPhones or other touchscreen-enabled smart phones are far more likely to use the devices for mobile financial services than …

Entrepreneur Steve Case, whose founding of America Online Inc. helped popularize the Internet, told an audience of bankers on Monday that his new venture is set to shake up electronic payments by dramatically slashing costs for merchants and consumers. Case's remarks came on the same day that venture, St. Petersburg, …