The Federal Reserve may be shepherding a nationwide effort to bring real-time payments to the United States, but that doesn’t mean payments companies are marking time while that process unfolds. The latest development is Tuesday’s announcement that bank processor Fiserv Inc. will work with risk manager Early Warning Services LLC …

In a further escalation of its war on costly bill-payment exceptions, automated clearing house governing body NACHA on Monday announced a new program that will convert erroneous electronic bill payments that otherwise would go through as paper checks into ACH transactions with a new field where the biller can enter …

The automated clearing house network’s transaction count grew by 4% in the second quarter compared to the same period in 2011, according to the latest figures from NACHA, the regulatory body for the network. Transactions totaled 4.15 billion, worth approximately $9.1 trillion in value, according to the NACHA statistics. Transactions …

New data from automated clearing house governing body NACHA reaffirm the continuing gains of electronic bill payment and the long-term decline in consumer check writing to pay bills. NACHA’s report for 2011’s fourth quarter says that transactions under the so-called WEB standard entry class code for Internet bill-payment debits grew …

  The financially struggling U.S. Postal Service is bemoaning the accelerating shift by consumers away from sending everything from Christmas cards to bill payments by physical mail. But, on the other side of the coin, new data confirm that the automated clearing house is where a lot of former paper-based …

  By Bill Kinnelly and Anthony James   Most of the talk about the Durbin Amendment centers on debit interchange controls, but the sweeping measure must be considered in full and in relation to other costs.       As we enter the Durbin Era of debit card processing, much …

Mitek Systems Inc., the pioneering developer of remote deposit capture software for mobile devices, is now moving into mobile capture for bill payments. With San Diego-based Mitek’s new Mobile Photo Bill Pay application, a consumer could take a picture of a paper bill with his camera-equipped smart phone, and then …

The severity and length of the recession makes it likely banks will be able to raise fees for last-minute online bill payments, recent research says. That will mean more revenue for financial institutions that have been seeking ways to make money from electronic bill payments, a service they've generally been …

Internet bill payments were the lone stars of electronic checks in the first quarter, a quarter that saw volumes on all other e-check applications either decline or barely rise from fourth-quarter 2008 levels. Most e-check codes also declined on a year-over-year basis, according to the latest automated clearing house volume …

Internet bill payments were the star performers among the established electronic-check payment options during the fourth quarter, according to figures released Wednesday by the governing body of the automated clearing house. NACHA reports that transaction volume on its WEB e-check code, the code for online transactions such as bill payments, …