Paper checks for ongoing consumer expenses such as rent, mortgage, utilities, and taxes are rapidly being replaced by electronic payment processing. Consumers expect to be able to pay bills online. Companies that to offer electronic payment options to their customers satisfy customer demand while..

According to researcher Mercator Advisory Group, the load volume on open-loop, also called general-purpose or network branded, prepaid cards will surpass load volume on closed-loop cards by 2012.In its sixth annual prepaid card Mercator said users loaded $187.2 billion onto closed-loop cards last..

The largest debit card issues in the US, Bank of America and JPMorgan Chase announced major changes to their overdraft-fee policies. The changes came in response the government pressure due to the rising number of consumer complaints about excessive fees.Senator Christopher J. Dodd, who is chairman..

Make It Easy for Customers to Pay YouThese days, it’s amazing that some companies still do not provide customers a way to pay bills online. Are you a company that bills consumers?  Make it easy for people to pay you by adding a “pay your bill” button to your website.Paying through a Bank..

PayItGreen was formed by NACHA as an education resource. The mission of the organization is to show the environmental benefits of paying bills and issuing payroll electronically rather than with paper.One of the most helpful parts of the site is calculators where businesses and consumers can track..

The US Federal Reserve Banks announced plans for financial institutions to clear and settle certain automated clearing house (ACH) transactions in one day. This will be the first material change to the settlement schedules for the Federal Reserve in 35 years.The recent action was caused by the..