Internet PIN-debit technology provider Acculynk Inc. this summer will start a pilot for a person-to-person payment system that will rely on PIN authentication and debit card network links for money movement. The Atlanta-based company has commitments for the project from between 20 and 30 financial institutions that use Acculynk for …

Dwolla Corp. announced this week that Veridian Credit Union, Waterloo, Iowa, will be the first financial institution to use a system for real-time funds transfer that Dwolla has been working on for months and testing since earlier this year. A Dwolla spokesman says more financial institutions around the country are …

  Payments startup Dwolla Corp. eliminated its transaction fee last week on all payments under $10, a bold move in itself, but it apparently has much bigger things in store. For one thing, the Des Moines, Iowa-based company is testing a system that co-founder Ben Milne says will make automated …

  Cover Story Mobile-payment schemes proliferate but innovations abound in all corners of the new world of electronic-payment systems competing for consumer and merchant adoption.   By John Stewart, Jim Daly, and Linda Punch       We’re putting on weight. First published in 2009, Digital Transactions’ Field Guide to …

Endpoint What gives? The global payment card networks are attempting to gain closed-model benefits while remaining open. Vertical integration and emerging players are redrawing the traditional boundaries between networks and other payments players. It can be confusing, but it will ultimately add value to the business, says Eric Grover. Eric …

Visa Inc. on Wednesday said it is adding person-to-person payment capabilities to its network and cards so that all Visa-branded credit, debit, and prepaid cards from U.S. issuers would be able to receive P2P payments. The first P2P providers to walk through Visa's new door were bank processor Fiserv Inc. …

The payments industry’s long struggle to bring person-to-person payments to a mass market reached a new milestone in recent days with the addition of real-time settlement. Under an agreement announced late last week, the NYCE Payments Network LLC will offer CashEdge Inc.’s Popmoney person-to-person payments service to its financial-institution clients, …

PayNearMe Inc. on Wednesday announced the launch of a payment system that lets unbanked consumers pay for goods online or over the phone with cash. The system, which relies on real-time links to point-of-sale terminals in 6,000 U.S. 7-Eleven stores to collect and record cash transactions, has attracted eight announced …

News about the latest developments in the hot mobile-payments sector is coming from some familiar sources, such as Wells Fargo & Co. and Visa Inc., and some unlikely ones, such as the state of Arkansas. Wells Fargo is rolling out Visa's text-message and e-mail alert service that lets credit card …

Secure Vault Payments, an online-payments program that lets consumers pay merchants from their checking accounts via the automated clearing house network, is catching on as a way to pay tuition and other costs at the University of Georgia, which began using the method in July in time for fall-semester tuition …