Keycorp, Cleveland, announced today it has signed the 100th contract in its agent-bank program for its ATM network. The contract, with Workman's Circle Credit Union, Cheektowaga, New York, calls for the institution's customers to have access to 289 Key ATMs in the state of New York. Under Key's agent-bank program, …

Making transactions more efficient has long been a driving force behind the conversion of paper-based to electronic systems, but now a new report shows how efficiencies derived from electronically processed payments contribute to a national economy. The report, entitled “The Benefits of Electronic Payments in the Canadian Economy,” was released …

Today's announcement by Wal-Mart Stores Inc. that the chain will begin accepting MasterCard International's signature-based debit card again, effective immediately, could spark more interest in non-bank debit networks among small and mid-size retailers, according to some expert observers. Although Wal-Mart and MasterCard refused to disclose terms of their agreement, it …

Having already announced last year its plan to shutter 13 check-processing facilities by the end of 2004, the Federal Reserve now says in a statement released this week it plans further closures. The announcement from the Fed does not indicate how many locations might be affected, nor is it specific …

PayPal Inc., the online payment processor owned by Internet auction powerhouse eBay Inc., is set to roll out new transaction fees Aug. 6 that it says will slash payment costs for most of its sellers. Merchants doing very large volumes will see the greatest benefit, while mid-tier sellers will see …

A new trade group formed to fight phishing fraud argues it will work on approaches to the problem that will distinguish it from the efforts of another organization that emerged last year to combat the online fraud. The Trusted Electronic Communications Forum, whose formation was announced this week, is aimed …

Even though transactions from outside North America account for anywhere from 10% to 20% of sales for Web sites that accept international business, only 59% of large and mid-sized online merchants take orders from international customers. That's the main conclusion of a recent e-commerce payment survey sponsored by CyberSource Corp., …

Paymentech L.P. today won the entire credit and debit card processing business of five operating units of IAC/Interactive Corp., parent company of a number of online businesses. The multi-year deal includes Ticketmaster, Hotels.com, Expedia, HSN, and Match.com. Dallas-based Paymentech, which processed 7 billion electronic transactions in 2003, will not say …

Slim CD Inc., a transaction-software company in Coral Springs, Fla., announced today its product has been certified by First Data Corp., allowing banks and independent sales organizations supported by FDC to offer merchants high-speed card transactions on personal computers through Slim CD's software. The company says its product can process …

While the burgeoning digital song market has focused attention on the potential for micropayments in the U.S., a Canadian processor has signed about 1,000 online merchants, the most recent of which is Puretracks, Canada's first and largest purveyor of digital songs. Vancouver-based Paystone Technologies Corp., which was founded in 2001, …