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News & Commentary
Content tagged with Payments posted in June 2007
The Fed Reorganizes Itself to Send a Clear Message to FIs on Check Imaging
News  |  6/28/2007
By Maria Bruno-Britz Last month, the Federal Reserve announced plans to revamp its check processing infrastructure to better reflect the move from paper to electronic check processing. The Fed entered into an agreement with Unisys in which the vendor will enhance the check processing infrastructure by way of the Federal Reserve Bank of Cleveland. I actually discuss this deal in greater detail in the July issue of Bank Systems & Technology.
Making Credit Card Terms More Transparent
News  |  6/18/2007
Chase and Congress take steps to combat abusive credit card practices. But is it too late for some consumers? By Nancy Feig
Building Acceptance Not Always Easy for New Payments Tech
News  |  6/14/2007
By Maria Bruno-Britz Visa recently announced that it plans to install its swipeless credit card technology in New York City cabs. Visa payWave readers will be situated in the back of the taxis to allow passengers to pay with the wave of a card, and even include a tip.
More Consumers Paying Bills Online
News  |  6/14/2007
Online bill pay surpasses paper check usage for first time, study says.
News  |  6/14/2007
Banks are slowly migrating to new BOC solutions in light of NACHA-The Electronic Payments Association's recent announcement of new rules for electronic check conversion.
Wal-Mart Takes a Backdoor Into Banking with Prepaid Cards
News  |  6/8/2007
By Maria Bruno-Britz Just when you thought it was safe to be a bank, here comes Wal-Mart yet again. After its failed effort to obtain an industrial loan corporation license, the retail giant, showing its usual tenacity, seems to have taken a different tactic in the financial services space-going after the underbanked and unbanked with a prepaid card. These are people with little, if any, relationship with a financial institution. There are mi

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