FBI Reports Thefts The FBI has released findings from its investigation on how cybercriminals are stealing money from the bank accounts of small-mid sized US companies.The thieves then initiate a series of unauthorized bank transfers out of the company's online account in less than $10,000 to..
Research firm Celent predicts savings of $11 billion can be achieved through automation of health-care payment processing. Much of medical payment processing is still paper based. Sorting, reconciling, verifying, posting, and handling paper payment processing payments costs about $22 billion a year..
According to a new study with Qwest Communications, Fiserv and Aspen Analytics , electronic billing clearly benefits that bottom line. By analyzing the customer bill paymentHabits of more than 8 million people over an 18-month time period, the study revealed that how customers receive and pay bills..
The Federal Deposit Insurance Corporation released findings from its National Survey of Unbanked and Underbanked Households. According to the study, more than 25%of all US households are unbanked or underbanked. Most of those households are low-income and/or minority.Unbanked households do not have..
The economic downturn continues to affect the merchant account payment processing business. Payment processors and card issuers make the most money on when consumers use credit cards to pay for purchases. Debit cards are somewhat less profitable. And, of course, no money is made when consumers pay..
Research on payment processing was recently released from Goldman Sachs. The investment bank expects growth from sources other than credit cards to power growth of electronic payments to 42.3% of worldwide personal consumption expenditures in 2012, up from 35% this year.Growth in credit card..