Payments News

Growing use of mag stripe swipe-equipped wireless cell phones and PDAs enables credit and debit card payment for mobile service providors and vendors. You may have already experienced this returning rental cars and in some restaurnts (particularly in Europe); the...

NACHA has authorized banks to turn some business checks into automated clearing house transactions through accounts receivable conversion (ARC). According to NACHA estimates, 1.25 billion checks were converted via ARC last year, a number the association says could...