Payments Articles

Internet Extends Reach of EDI
The Internet has breathed life into EDI (electronic data interchange), with vendors using the communication standard to transmit payment-related information -- but without the expense of using proprietary communication channels.
Business Credit Magazine Featured Article (Oct. 2002)

Cost Savings and Collaboration Drive B2B E-Payments
Electronic invoicing and bill presentment (EIPB) can save millions in payment processing costs for both buyers and suppliers. But incompatible technologies make it difficult for companies to choose and deploy any one EIBP system -- especially when trading partners may pick a competing one.
Computerworld Management Feature (Oct. 2002)

Automated Clearing House
The Automated Clearing House is a secure, private electronic payment transfer system that connects all U.S. financial institutions. Direct paycheck deposits and debit card purchases are two examples of electronic fund transfers that go through this network.
Computerworld Feature (April 2001)

CheckFree announces e-mail bill options
CheckFree, a leading provider of electronic bill payment services to banks, announced a new product this week that lets billers replace their paper bills with e-mail versions.
Computerworld News (March 2001)

CyberCash files for bankruptcy
Instead of a merger with Network 1 Financial Corp., CyberCash Inc. has filed for Chapter 11 bankuptcy protection and may have its assets sold to Network 1 at auction.
Computerworld News (March 2001)

Visa offers to help e-merchants meet new security guidelines
Visa U.S.A. announced a program under which it and the banks that issue its credit cards will provide assistance to online retailers that need to comply with a set of security guidelines taking effect in May.
Computerworld News (March 2001)

CFOs Race to Keep Up With New Technology
Financial chiefs who don't understand technology don't understand their businesses, analysts warn
Computerworld News (February 2001)

Banks Pushing Into B2B Portal Market
With a captive audience, a virtual product and a customer base that's steadily moving online, banks have joined the rush to set up e-commerce portals for their business and retail customers.
Computerworld News (January 2001)

FTC Seeks Input on Revisions to Credit Card Data Privacy Guidelines
The U.S. Federal Trade Commission has issued a request for public comments about a proposed set of data privacy guidelines that would affect companies looking to share share credit records and other consumer information with affiliated businesses.
Computerworld News (January 2001)

World Bank Alliance Goes Live
A group of four major banks based in Europe and the U.S. said last week they've gone live with a system that will guarantee identity of the players making large electronic payments on business-to-business exchanges.
Computerworld News (December 2000)

First banks go live with online B2B payment system
A group of four banks based in the U.S. and Europe said they're starting to use a system that provides identity confirmation and other security mechanisms for processing large electronic payments between companies.
Computerworld News (December 2000)

Discover follows Amex with single-use credit cards
Following on the heels of American Express Co., which released a similar product last month, Discover Card now offers customers single-use credit-card numbers for online purchases. Analysts, though, question whether people actually want disposable card numbers for shopping online.
Computerworld News (November 2000)

Citigroup Launches Electronic-Cash Service
Last week, Citigroup announced its c2it service, which will be heavily marketed as AOL Quick Cash to America Online's 28 million users.
Computerworld News (November 2000)

First Data Spins Off E-Payments Company
It may be a little late getting in the game, but Atlanta-based First Data Corp. launched a $600 million electronic-payments company last week called eOne Global LP.
Computerworld News (October 2000)

Banks Release Smart Cards
The U.S. has lagged behind Europe when it comes to the adoption of smart-card technology, but that's about to change, as three banks -- Providian Financial Corp., FleetBoston Financial and First USA Bank N.A. -- have announced that they will soon be releasing Visa smart cards.
Computerworld News (September 2000)

American Express offers disposable credit card numbers for online shopping
The company announced a free service that will let Internet users who are worried about the security of buying goods online obtain single-use credit card numbers before making their purchases.
Computerworld News (September 2000)

The Speed Of Money
Online payments have met with a great deal of resistence, but analysts say things are starting to change. New moves by startups and banks to close security gaps and open the doors to more businesses are helping to speed the use of online business-to-business transactions.
Computerworld Feature (August 2000)

Visa issues 10 'commandments' for online merchants
Visa U.S.A., in a push to curb online credit-card fraud, announced 10 requirements for online merchants to follow to protect cardholder information.
Computerworld News (August 2000)

Government To Enable E-Payments
The U.S. government will be bringing together all of its payment and collection systems under one roof - well, one domain name - this fall with the launch of Pay.gov, a Web site dedicated to the electronic gathering of money.
Computerworld News (July 2000)

Bankers to Offer Online IDs
The American Bankers Association has announced the launch of TrustID, an authentication system that promises to address the problem of identifying individuals or businesses on the Internet and to ensure that electronic documents aren't changed after they have been electronically signed.
Computerworld News (July 2000)

Visa Program to Fight Online Fraud Debuts
Amid increasing concerns about online credit-card fraud rates, Visa has come up with a two-part plan to address the problem. The first part, a payment-authentication program, was launched late last month. The second part, a series of security standards that merchants will be asked to follow, is expected to take ...
Computerworld News (July 2000)

American Bankers Association to offer online authentication
The American Bankers Association is planning to announce the launch of TrustID, an online identification system that's expected to be used by banks to authenticate digital signatures.
Computerworld News (19 July 2000)

Cross-Border Transactions Get Online Lift
June has been a watershed month for the international payments arena, as alliances and new platforms have pushed the nascent field of electronic, cross-border payments into the spotlight.
Computerworld News (June 2000)

Money Transfer Technology Brings Canada Up to Speed
The problem with moving money around in Canada six years ago was that it took a while to determine whether a check was good. The fastest method, the Interbank International Payments System, took an entire day. During that day, anything could happen - the person who sent the money could withdraw all his funds or ...
Computerworld News (June 2000)

Quicken Throws Hat Into Bill Payment Ring
Intuit's Quicken.com has joined the likes of Yahoo and Microsoft's Money Central with MyFinance.com, an all-purpose financial services site that offers everything from bill paying to stock tracking.
Computerworld News (April 2000)

Xerox, Sun and iPlanet Team Up to Ease E-Billing
Xerox, Sun and iPlanet team up to provide a comprehensive online billing product for the financial services and health care industries.
Computerworld News (March 2000)

Electronic Billing Merger Should Benefit Billers, Banks
CheckFree's $1 billion bid last week to acquire its biggest rival — TransPoint — should make it easier for utilities, banks and other service providers to send and process their electronic bills by virtue of having one less standard to contend with.
Computerworld News (February 2000)

CheckFree, TransPoint merge
CheckFree's $1B bid to acquire its biggest rival should make it easier for utilities, banks and other service providers to send and process their electronic bills.
Computerworld News (February 2000)