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15 Oct 2004 06:43 AM
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PayPal issues chiefly resolved:
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eBay’s online payment system PayPal said on Wednesday it had already resolved the majority of the problems that unabled users for accounts and close online sales access.
"We’ve made significant progress. People are able to transact without significant incident," said PayPal spokeswoman
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13 Oct 2004 07:24 AM
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Prepaid cards to manage budgets:
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According to the latest survey, U.S. consumers think prepaid cards can be the better means to manage their monthly budget.
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12 Oct 2004 06:02 AM
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Consumers to change their checking accounts under Check 21:
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Under check 21, or the Check Clearing for the 21st Century Act, which is to be implemented on October 28, consumers will see some changes in their accounts as all checks will turn to those within electronic shape.
Under the terms, float will be reduced and consumers will be punished if they try to write checks further on. Paper
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08 Oct 2004 09:23 AM
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US prepaid wireless followers foresee progress:
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The number of the U.S. prepaid wireless subscribers is growing fast and is predicted to reach 24 million by 2007.
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05 Oct 2004 07:38 AM
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Supreme Court OKed MBNA card venture:
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On Monday, MBNA got final OK of the U.S Supreme Court to make a card joint venture with American Express.
Ric Struthers, a vice chairman of MBNA said the company is ready to send out a lot of cards as soon as this month to increase profits and decrease competition with the closest rivals.
The
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05 Oct 2004 04:16 AM
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Visa and MasterCard ruling paused:
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Visa and MasterCard, charged for barring their member banks from issuing credit and charge cards on the rival networks of American Express Co. and Morgan Stanley, on Monday saw slight pause in the case.
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30 Sep 2004 10:54 AM
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TRIA extension approved to 2007:
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The Terrorism Risk Insurance Act was approved on Wednesday as the U.S. House Financial Services Committee signed the legislation to extend its activity through the end of 2007.
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30 Sep 2004 10:47 AM
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Temporary employees may be inside thieves:
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UK chip and PIN migration are expected to increase inside thefts, specialists say as fraudsters often apply for temporary bank employee jobs to infiltrate the banking system.
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27 Sep 2004 07:57 AM
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Scalable processing optimizes efficiency:
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Companies that seek for optimizing cost efficiencies and preserving relations with other enterprises can use scalable payment processing for it.
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27 Sep 2004 07:54 AM
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E-invoicing used by UK businesses:
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Electronic invoicing is the key-factor in increasing payment speed and reducing dispute resolution times, recent research showed.
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27 Sep 2004 05:09 AM
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Credit cards may cause trouble for issuers:
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Credit cards issuers may face penalty from the regulators as credit cards solicitation is not as reliable as they are said.
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23 Sep 2004 07:42 AM
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Check 21 to save back-office money:
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Check 21 is expected to save banks’ money, especially as to back-offices and can be a good catalyst for boosting payments and decreasing operational risks.
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22 Sep 2004 03:49 PM
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Banks optimize payments by outsourcing:
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Outsourcing can reduce costs for banks that optimize their payment systems. Corporations and financial institutions give banks more strength in this process.
For instance, activity-based cost analysis and total aggregate payments cost of the bank can be provided by bank’s
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21 Sep 2004 09:31 AM
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UK card fraud: ways to resolve:
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Chip and PIN payments are basically used by UK customers to prevent credit card fraud and are expected to bring up to GBP 800 million by the end of 2005.
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20 Sep 2004 10:30 AM
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Check 21 cheers banks automate payments:
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Check 21 systems will make banks to automate check-processing procedures and will be useful mainly for back-offices with their cash being saved in automated check processing cycle.
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