14 Jun 2004 09:01 AM

Business process automation enables firms with high transaction volumes to improve their order-to-cash cycles by optimizing invoicing, accounts receivable, dispute resolution, collection and cash application processes

11 Jun 2004 12:12 PM

Online sales are tipped to jump by 27 per cent this year, to USD 144 billion, or 6.6 per cent of total retail sales, with Forrester Research and Shop.org observing a parallel 51 per cent growth in 2003, to USD 114 billion

11 Jun 2004 05:08 AM

Security breaches at the world’s major financial institutions doubled in 2003, with 83 per cent of those surveyed by Deloitte & Touche acknowledging that their systems had been compromised in 2003, versus 39 per cent in 2002

10 Jun 2004 05:33 AM

Spending by US banks on non-card payment systems will reach USD 1 billion in 2004, according to Celent, as banks move payments to the center of their strategy and seek to gain competitive advantage

09 Jun 2004 12:08 PM

Online payments solutions for B2B trade are available in several guises, but those that are handled 100 per cent online in a closing of the payments loop are most likely to be profitable, according to TradeCard

08 Jun 2004 08:56 AM

Business process automation enables firms with high transaction volumes to improve their order-to-cash cycles by optimizing invoicing, accounts receivable, dispute resolution, collection and cash application processes. Automating this cycle also frees up working capital by reducing errors, boosting collections and increasing

07 Jun 2004 07:05 AM

Sovereign Bancorp’s move to reissue 88,000 debit cards, some 700 of which were fraudulently used, results from the security breach at BJ’s Wholesale Clubs in March, according to the Boston Herald. To date, Sovereign has spent about USD 500,000 on reissuing Visa debit cards, but was unable to give a dollar figure for the frauds

04 Jun 2004 05:25 AM

Sovereign Bancorp’s move to reissue 88,000 debit cards, some 700 of which were fraudulently used, results from the security breach at BJ’s Wholesale Clubs in March, according to the Boston Herald. To date, Sovereign

03 Jun 2004 05:55 AM

Visa credit cardholders in the UK spent over Stg 2.4 billion online in the first quarter of 2004, a 123 per cent increase on the same period in 2003, according to Visa EU figures. Online spending by consumers within

02 Jun 2004 04:59 AM

Spending by US banks on non-card payment systems will reach USD 1 billion in 2004, according to Celent, as banks move payments to the center of their strategy and seek to gain competitive advantage. Banks’ IT

01 Jun 2004 05:12 AM

US grocery retailer, Winn-Dixie, which operates 1,070 stores in 12 states, has experienced a debit card processing glitch that affected PIN-secured debit transactions initiated at its stores. Customers whose debit cards

31 May 2004 08:44 AM

Payments innovation is cross-pollinating ideas across the world, says Nick Holland, of Mercator Advisory Group, with MasterCard’s contactless PayPass product, for one, based on the success of initiatives in

27 May 2004 08:11 AM

Bank-issued prepaid and gift cards could be hit by a proposed FDIC rule change that seeks to protect the contents of savings accounts and may make the cards less competitive with retailer-issued gift cards. To date, banks issue gift cards in compliance with a 1996 FDIC legal opinion that defines whether the funds on the card are insured deposits. If an issuing bank holds an individual account for a prepaid customer, the FDIC classifies cash loaded onto the

26 May 2004 04:33 AM

Almost nine in ten UK cardholders are uncomfortable when their card temporarily vanishes from view in restaurants, bars and gas stations, with 57 per cent of hotel guests having similar concerns. Chip and PIN-

26 May 2004 04:07 AM

Wal-Mart’s move into the US banking industry is expected to grow once SunTrust Bank takes over its partner, National Bank of Commerce, even if Wal-Mart denies any plans to enter the business. Bankers have watched