Steve Bills

Moneta Corp., an online alternative-payment processor, is introducing a new way for its bank customers to use its automated clearing house payment rails — for credit charges.

The company announced a partnership Monday with Carphone Warehouse Group PLC, a British consumer electronics store chain, to encourage people to use their cellular handsets for online shopping and other services.

When it comes to winning the banking business of small companies, top-rated banks use a variety of strategies.

By letting businesses pay each other with card accounts, Bank of New York Mellon Corp. says it can profitably ease the inherent tension between suppliers, which want to be paid as early as possible, and buyers, which often want to hold onto the funds until the last minute.

The alternative-payment processor mPayy Inc. on Thursday announced a mobile payment app for handsets that run the Android operating system from Google Inc.

A new Twitter-like microblogging service has launched with 100 users, based on the premise that people will want to publish details of the purchases they make with their credit cards, according to reports.

The board of the U.K. Payments Council voted Wednesday to set Oct. 31, 2018, as the target date to end centralized check clearing.

One more person-to-person payment application for mobile devices might seem merely like incremental progress toward mobile payments, but it demonstrates the increasing pressure to make phones into financial tools, analysts said Wednesday.

Automated collections have emerged as an important growth opportunity for the banking vendor Online Resources Corp., but the long-term gains may not come fast enough to satisfy a dissident shareholder who is taking an increasingly active role in its management.

Obopay Inc. announced Monday that Essar Group of Mumbai, India, has selected its mobile phone payment technology for use by its Essar Telecom Kenya unit.

ISGN Solutions, a unit of ISGN Corp., announced Monday that it has completed its acquisition of the loan fulfillment services business from the financial technology provider Fiserv Inc.

Co-op Financial Services announced a partnership Monday with the automated teller machine maker NCR Corp. to offer a suite of managed services to credit unions that want to outsource their automated teller machine operations.

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Though Twitter Inc.'s service is designed to communicate with a vast, online audience, some financial companies are now using it to reach specific groups or even individuals, a sharp contrast to some early efforts that were more akin to e-mail spam.

Fidelity National Information Services Inc. says it expects a return to growth in 2010 as bank spending on technology improves in the second half of the year.

Fundtech Ltd., a maker of banking software for corporate cash management and foreign exchange, announced a partnership Monday with VocaLink Ltd., the provider of the central infrastructure for the British Faster Payments service, to provide Swift connectivity to banks and their corporate clients in Europe.

Consumers are ready for mobile banking, and are starting to get impatient if their banks do not offer it, according to a pair of reports released this week.

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Anticipating a surge in "native electronic payments," The Clearing House Payments is pursuing a sweeping reorganization and finally shutting the door for good on its original business — processing paper checks.

The Receivables Exchange LLC announced Tuesday that it has integrated its proprietary receivables trading platform with the Ariba Network platform operated by Ariba Inc. of Sunnyvale, Calif.