Some recent statistics indicate banks are making significant headway in their ability to receive and clear electronic check images. PaymentsNation, a major clearing house for checks and check images, reported this week that the number of routing and transit numbers (R/Ts) receiving check images reached 5,275 at the end of …

NACHA's online-payments pilot went live March 31 with one bank and one merchant and expects to have three to five more financial institutions, three to five more merchants, and between three and five billers participating by the end of the year, an official with the Herndon, Va.-based organization says. “The …

In its first move toward a software application for mobile commerce, PayPal Inc. has launched its mobile-payments service on a new product from Sprint Nextel Corp. The Sprint product, called MyMoneyManager, is a downloadable mobile wallet allowing customers to perform banking functions from their handsets. So far, regional banking companies …

PayPal Inc.'s drive to process a greater share of its transactions outside of the auction marketplace run by its parent company, eBay Inc., showed more signs of succeeding last week with the release of statistics indicating the online processor is now deriving almost half of its payment volume from online …

In a move that it hopes will attract more users to its mobile-payments product, Obopay Inc. is allowing account holders to send money to other persons directly out of their checking accounts. In a further change, recipients of these transfers no longer need to have Obopay accounts and may have …

Bankrupt Solidus Networks Inc. has sold two of the three major subsidiaries that it identified this winter as non-core assets, Digital Transactions News has learned. Next up is a March 14 auction of the core biometrics payment business of Solidus, which does business as Pay By Touch. On Thursday, a …

A test of contactless payment via mobile phones, launched this week in San Francisco, relies on near-field communication (NFC) technology not only to handle transactions but also to manage consumer rewards. It differs from past NFC pilots in the U.S. in another way: It doesn't rely on either the MasterCard …

While processors continue to struggle with the economics of micropayments, Javien Digital Payment Solutions Inc. may have found a way to make the tricky payments work. The McLean, Va.-based processor, which this week introduced a payments gateway to go along with a payment-processing platform it offers primarily to sellers of …

Kiosk-based electronic bill payments got another boost this week when processor Fiserv Inc.'s CheckFreePay walk-in bill-pay unit announced a deal with Ready Credit Corp. that will make bill-pay services available to consumers using cash at Ready Credit's 55 ReadyStation self-service kiosks by early spring. The kiosks, which already allow consumers …

TIO Networks Corp. signaled a new strategy last week when the kiosk network struck a deal with IPP of America Inc. to process bill payments at IPP walk-in locations (Digital Transactions News, Nov. 29). For the first time, TIO will be handling transactions on its network without the need to …