NACHA, which took the opportunity presented by its annual payments trade show this week in San Diego to promote the upcoming pilot of its new Internet payment application, appears to be on track toward its Aug. 30 target date for recruiting most participants for the project. But key issues like …

Phishing hit an all-time high in March, with the number of reports of the online fraud reaching 18,480, according to the Anti-Phishing Working Group, which follows the trend. That's 603 more than the previous peak in January and more than 1,300 more than in February, the group reports. By way …

The possibility that Bank of America Corp. could start its own payment card network and brand poses some big risks and would bring big expenses for the Charlotte, N.C.-based banking giant, though it could enable BofA to differentiate itself in a mature card industry, analysts say. Reports that BofA chairman, …

The number of consumers who use biller Web sites to pay their bills continues to outpace the number who use bank sites, but the latter users are more active transactors, according to recent survey and online-tracking research from comScore Networks Inc. Overall, the online bill-pay market grew 36% in 2005, …

Processors of stored-value transactions are noting a new development that's driving growth in payroll cards, perhaps the hottest prepaid card market: Increasingly, employers are issuing them to workers with checking accounts and other established banking relationships, according to an article set to appear in the May issue of Digital Transactions …

NACHA's long-expected pilot project to test Internet payments to retailers and billers will get under way early next year and will run for 12 months, the Herndon, Va.-based organization said Monday. In a conference call it held to explain the new automated clearing house payment application and discuss the rationale …

Seeking to remove a roadblock standing in the way to eventual mass consumer usage of mobile phones equipped with a form of contactless technology called near-field communication (NFC), MasterCard International this week unveiled a service that will allow cell-phone users to download their account data and other critical information to …

It's one of the major products to emerge from the Check Clearing for the 21st Century Act (Check 21) signed into law in 2003, but remote deposit capture still has yet to make major headway despite getting some major bank backers and its promise of reducing the amount of paper …

NACHA's proposed new product for Internet transactions, which it is proposing to test later this year (Digital Transactions News, March 15), could unleash powerful competitive forces among banks if it becomes a commercial payment application, an expert observer notes. Banks that choose to allow their customers to pay online merchants …

A recruitment effort began today to find banks, billers, and merchants to participate in a pilot of a new system by which consumers would be able to make payments on the Internet through the automated clearing house. Sponsored by NACHA, the Herndon, Va.-based organization that sets rules for the ACH, …