PULSE Introduces PINless Pay

HOUSTON - PULSE EFT Association is now offering lenders, utility companies and certain other billers a new payment option that allows consumers to automatically pay recurring bills using a debit card without entering their PIN.

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Recurring payments are defined as those the cardholder has authorized a biller to charge to their debit card automatically. In addition, the network's expanded PINless debit program includes a 'Stop Pay' feature that allows financial institutions to block transactions from a specific biller at the cardholder's request.

For info: www.pulse-eft.com. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com


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