Secure Vault Payments, the online payment system that NACHA has been piloting since last spring, is catching on as a bill-payment alternative among colleges and state agencies, says Kendall Myles, the executive who is heading up SVP merchant recruitment for NACHA, the regulatory body for the automated clearing house network. …

Seeking to expand its market for software and services that allow merchants to submit checks for electronic processing, Omaha, Neb.-based RemitPro Inc. is introducing what is says is the only offering that bundles a check scanner, remote deposit capture software, transaction service, and maintenance in one package for a single …

At a time of rising business failures and intense industry competition, United Bank Card Inc. says its new Harbortouch unit is producing what the big independent sales organization sought?enhanced merchant relationships and higher margins. In addition to card processing, Harbortouch offers small and mid-sized restaurants and retailers business-management hardware and …

While online merchants managed to keep a lid on fraud losses in 2008, a faltering economy could make 2009 a costlier year, a leading expert says. “It'll be interesting to see if merchants can hold fraud rates steady” next year, says Doug Schwegman, director of market and customer intelligence at …

While most attention in e-commerce is focused on enabling payments for Web sites run by major chains, airlines, and other hard-goods merchants and sellers of high-end services, some processors have begun to carve out stakes in a corner of online commerce that doesn't get as much notice?digital goods. This week, …

An extended cobranded credit card pact between Delta Air Lines Inc. and American Express Co., announced on Tuesday, also has merchant-acquiring and debit card implications, and it provides further evidence of how airlines in a weak economy can raise cash from their issuing and acquiring partners. AmEx, issuer of Atlanta-based …

While experts once thought contactless payments via a technology called near-field communication (NFC) would drive mobile payments, the sluggish development of NFC now means handset-based payments will grow without the technology, according to a research report released on Tuesday. Indeed, payments by text messages, through the mobile Web, and on …

Merchants are getting the message that they should not store credit and debit card data, but that's turning into yesterday's issue, according to Chicago-based Trustwave, one of the big card-industry security consultancies. In a report released on Monday, Trustwave says that computer hackers may still be able to steal card …

The steady march toward more secure payment-processing software is likely to force many?possibly thousands?of small software vendors out of the market of serving merchants and card processors. These vendors will find it too expensive to upgrade their existing point-of-sale and related applications to meet specifications set forth in the new …

As many as one-third of U.S. financial institutions could within the next two years adopt a technology that allows customers at home to convert paper checks into imaged deposits that can be transmitted to the bank via online-banking links. The strongest interest in this so-called consumer-capture capability is likely to …