Merchants that are good prospects for accepting remote deposit capture services have different needs from many credit and debit card-accepting merchants, but independent sales organizations that do their remote capture homework will be rewarded. That was the word on Wednesday from several vendors speaking at the MidWest Acquirers Association 7th …

Canada's Interac Association debit network is teaming with France-based semiconductor manufacturer Inside Contactless in a partnership that will include a test next year that will pair PIN-based debit cards with contactless payments. But to keep transactions moving quickly, cardholders will not need to enter a PIN. The test will be …

More than 2 million new households logged into online banking over the past year, bringing the online-banking share of the nation's households with Internet access to 79%. That's one of the key findings from the 2009 Consumer Billing and Payment Trends survey from bank processor and bill-pay technology provider Fiserv …

The slow but steady pace of consolidation of regional automated clearing house associations continued this week when Kansas City, Mo.-based Mid-America Payment Exchange (MPX) merged with Columbus, Ohio-based Payments Central. The new entity, dubbed Epcor, serves more than 2,300 financial institutions in all or parts of 12 states stretching from …

Bling Nation Ltd., which late last year unveiled a private-label payment network intended for local transactions (Digital Transactions News, Nov. 19, 2008), this week announced it has signed up its first financial institution and has been processing transactions for it in Colorado. The State Bank, La Junta, went live on …

The trend toward using adhesive tags to give mobile phones contactless-payment capability is going one step farther?now at least one startup is marketing a small sheet of vinyl that wraps around the entire mobile device and contains a contactless chip-and-antenna inlay. Mobile Payment Skins LLC launched last week to offer …

The person-to-person payment business, which has attracted a number of new players already this year, grew more crowded on Tuesday with the announcement by CashEdge Inc. that it will launch a service later this year. Executives with New York City-based CashEdge, which specializes in supporting online account opening and account-to-account …

Electronic bill-payment consolidators?notably banks?could finally claim at least half the market, but to hold on to their gains, banks will need to pay special attention to affluent young adults. That's a key conclusion in a new forecast for the growing bill-pay market by Cambridge, Mass.-based Forrester Research Inc. Forrester predicts …

With the deadline just three months away, the banking industry is scrambling to implement IAT, the new automated clearing house code for international transactions. IAT originally was to take effect March 20. But NACHA?The Electronic Payments Association, governing body of the ACH, last July pushed it back to Sept. 18, …

In an indication of how fast mobile banking is developing as a mainstream product for financial institutions, Fiserv Inc. this week released a version of its Mobile Money software that could let banks deploy a mobile-banking service in three months or less. The new version, called Mobile Money FastTrack, is …