Omaha, Neb.-based RemitPro Inc. is teaming up with payment processor Vanco Services LLC to open up a new category of smaller merchants to the developer of electronic-check software while removing the need for those businesses to change banks. RemitPro produces the eRemitPro data-capture and imaging application used by 150 clients …

A small Oklahoma banking company is looking to an ambitious university prepaid card deployment, which also involves contactless payment, to help it diversify a prepaid service it offers primarily to the Hispanic population. Central National Bank, Enid, Okla., is issuing PIN-based prepaid debit cards to the 10,300 students, faculty, and …

Electronic bill-payment and presentment technology may be CheckFree Corp.’s sexiest products, but bank processor Fiserv Inc. will be get access to other fast-growing markets when its planned $4.4 billion cash acquisition of CheckFree, announced Thursday, closes. Most notable, perhaps, is that CheckFree just happens to be the leading provider of …

Spotting an opportunity in combining online authentication with contactless technology, a 6-month-old Knoxville, Tenn.-based company plans to have a product on the market by early next year that consumers could use to make payments both on e-commerce sites and at the point of sale. Elemental Knowledge LLC is starting with …

Bank of America Corp.'s announcement this week that more than one-fifth of its deposit-taking ATMs now image checks?and thus don't require deposit envelopes?shows that so-called envelope-less ATMs are starting to catch on with consumers, says an expert observer. “The announcement is significant if only as a sort of marker showing …

Confirming long-standing industry speculation, Columbus, Ga.-based bank-holding company Synovus Financial Corp. on Tuesday said it would consider spinning off its processing subsidiary, Total System Services Inc. (TSYS), to Synovus shareholders. Assuming a spin-off eventually happens, TSYS will have played a key role in 2007's major processing-industry restructuring that will take …

With an eye to Capital One Financial Corp.'s introduction last month of a so-called decoupled debit card product, which relies on settlement through the automated clearing house network and so does not require cardholders to have a demand-deposit account with Cap One (Digital Transactions News, June 7), debit network sponsor …

Now that the two top executives have been appointed to run Visa Inc., the massive entity that will emerge from a sweeping restructuring of the worldwide Visa organization, payments observers see more capability in place to deal with issues to come. But the departure of Visa USA head John Philip …

The strategic review that payment processor eFunds Corp. disclosed May 9 ended today with the announcement that another processor, Jacksonville, Fla.-based Fidelity National Information Services Inc. (FIS), will buy e-Funds for $1.8 billion in cash. The purchase price of $36.50 per share represents a 5.5% premium over eFunds' Tuesday closing …

Internet payments company Saf-T-Pay Corp. is about to roll out a system that taps consumers' demand-deposit accounts and bears similarities to those being promoted by NACHA?The Electronic Payments Association and tech company MODASolutions Inc. But Miami Beach, Fla.-based Saf-T-Pay says it has an easy-to-use solution that already is gaining credibility …