30 May 2005 07:12 AM

The majority of the US state and local governments see it possible to accept e-payments with fraud controls, including account reconciliation and transaction confirmation, according to ePaynews. A survey, conducted by the Government Finance Officers Association (GFOA) and JP Morgan Chase, showed that

30 May 2005 07:09 AM

JP Morgan Chase combined an automated clearing house (ACH) and check conversion service to compete with non-banking institutions, the company said. Morgan Chase also said one of its goals is to expand on the market of distributed payments in addition to its efforts

30 May 2005 06:41 AM

Banks may benefit from the innovation in card products with $19 trillion in consumer, commercial cash and check expenditures in the payments market. Banks may lift their profits by offering innovative products that are

19 May 2005 01:20 PM

MarketAxess’s electronic trading platform aimed at dealing in credit default swap indices will launch by the end of 2005, the company said Wednesday.

16 May 2005 05:42 PM

The US credit unions are expected to turn to immigrant business taking a huge piece of the annual $34 billion program. The market is now dominated by such money transfer giants as Western Union and MoneyGram.

16 May 2005 06:40 AM

The number of purchasing cards continues to grow and is forecast to comprise 10% of B2B payments volume by 2010, Celent data shows. P-cards are also widely expected to play an important role in automating purchase

12 May 2005 04:55 PM

A TowerGroup estimate showed that the potential market for payments of less than $5 is valued at $1.32 trillion pointing at the possibility for the US vending industry to expand on the micropayments market. The amount of smaller purchases from credit cards is growing rapidly, although cash is also used widely. The

12 May 2005 01:56 PM

UK consumers use credit cards for daily purchases such as milk ans bread, according to the recent survey. About 44% of all credit card balances consist of petrol and grocery purchases, the survey shows. The latest Morgan Stanley Card Index showed that the UK consumers are changing thier customer habits. That

30 Apr 2005 07:11 AM

The payment industry is in search for new trends in revenue growth as the US top-ranked banks say their revenue from the check-processing may fall by 13% to 15% this year as compared with last year’s 10% to 11%.

22 Apr 2005 07:19 AM

Wireless & Mobile WorldExpo will take placeMay 18-19, 2005, in National Trade Centre at Exhibition Place, Toronto, Canada http://wirelessandmobile.wowgao.com

14 Apr 2005 04:36 PM

British financial giant HSBC PLC is notifying MasterCard credit cardholders about the data thaft that gives criminals accessment to their credit-card information. Although

13 Apr 2005 11:50 AM

Security breach, announced by information broker giant LexisNexis, could affect more than 300,000 customers with more than 15,000 clients from Florida.

11 Apr 2005 01:38 PM

About a half of American companies fell victim of payment fraud at least once in 2004, the recent AFP Payments Forum survey shows.

11 Apr 2005 01:18 PM

Banks must preserve their payments business, while opening old silos and integrating their payments strategies.

06 Apr 2005 01:48 PM

The survey carried out for the UK National Hi-Tech Crime Unit (NHTCU) showed that almost nine out of ten firms suffered some kind of hi-tech crime in 2004 with total losses amounting for more than ₤2.4bn.