Friday , December 13, 2024

Electronic Bill Payment

Click2Gov Payment Application for Municipalities Cited in 47 Data Breaches

Click2Gov, a software application popular among municipalities for processing online payments of utility bills and fees, has been compromised in 46 U.S. cities and one Canadian location, according to an analysis released this week by Gemini Advisory. The New York City-based data-security firm estimates 294,929 payment card records have been …

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FIS in Shell Loyalty Deal and other Digital Transactions News briefs from 12/19/18

E-commerce technology provider 3dcart said its merchants can now offer Bread, an online financing service for consumer purchases, to their shoppers. Fidelity National Information Services Inc. (FIS) said consumers can redeem rewards points instantly at the pump at approximately 13,400 Shell stations nationwide through a new agreement between FIS and …

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COMMENTARY: How Virtual Card Acceptance Drives Innovation in Small-Business Payments

In 2018, the acceptance of virtual cards, also known as v-cards, by small-to-midsize businesses (SMBs) increased significantly as suppliers embraced the improved security and convenience of this digital payment method over paper checks. Still, making the leap to fully automated payments remained a challenge for most within this market segment. …

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Mitek Suitor Changes Tack and other Digital Transactions News briefs from 12/14/18

An affiliate of Elliott Management Corp., a hedge fund that is trying to acquire remote deposit capture software provider Mitek Systems Inc. through a portfolio company, plans to nominate seven director candidates at Mitek’s 2019 shareholder meeting, Mitek reported in a regulatory filing. The meeting date and location hasn’t been …

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As Voice Commerce Becomes More Common, Jack Henry Adds More Payment Services

Core processors for financial institutions are starting to make their moves in voice-triggered consumer payments, and Jack Henry & Associates is looking to stake out an early lead in this nascent business. The Monett, Mo.-based company on Wednesday said its iPayQuickPay bill-pay service is integrated with Alexa smart speakers from …

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First American’s New Hire and other Digital Transactions News briefs from 11/29/18

A consumer bill-pay survey revealed that 46% of consumers routinely pay after the due date or never pay at all. Of these, 72% are “very” or “extremely likely” to pay on time if they could pay with a credit or debit card, while 69% would pay on time if they …

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Cardfree Opens Order-Ahead API to Developers and other Digital Transactions News briefs from 11/28/18

First Data Corp. released its Holiday Insights dashboard, which shows real-time U.S. holiday spending trends, such as total spend percentage increase, today’s most active categories with average ticket and total transactions, and regional payment volume. To date, it indicates retail spending from Thanksgiving through Black Friday increased 6.4% year-over-year. Cardfree Inc., …

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Citi Payment Insights Expands and other Digital Transactions News briefs from 11/19/18

Mene Inc., an online jewelry merchant, agreed to use a real-time consumer-credit program from Affirm Inc., a payments and lending platform. Citigroup Inc.’s treasury and trade solutions unit said it extended its Citi Payment Insights service to 20 new markets, bringing to 70 the number of global markets where the …

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How Two New Collaborations Could Speed up the Move Toward Digital B2B Payments

Payments between businesses have long remained ensnarled in paper processes that consumer payments have largely left behind, but lately signs have emerged that technology is at work streamlining business-to-business transactions. On Monday, fleet-fueling and corporate-payments specialist WEX Inc. said it will work with American Express Co. to allow clients to …

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Paya Says Its Deal for Stewardship Technology Positions the Processor Squarely in a Growth Market

Left behind in the last decade’s rush to sign up merchants for electronic payments is the non-profit sector, made up chiefly of faith-based organizations that collect billions of dollars yearly in offerings and donations—most of it in cash and checks. Still, payments providers are starting to pay attention, and on …

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Digital Transactions