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Delta Payment Picks Processing by TSYS Clearing House Image Volume Tops 50M TranSend-Aliaswire Bill-Pay Partnership
Delta Payment Picks Processing by TSYS
Delta Payment Solutions Inc., a Houston provider of credit card services for restaurant, hotel, and retail merchants, has agreed to use Total System Services Inc.'s TSYS Acquiring Solutions for merchant processing services.
TSYS, a Columbus, Ga., company that is 81% owned by Synovus Financial Corp., announced the deal Wednesday but did not say how much Delta would pay.
Clearing House Image Volume Tops 50M
The Clearing House Payments Co. LLC said its check-image exchange volume topped 50 million items last month, besting a goal it had not expected to reach until yearend.
"Given current growth rates, volume is expected to exceed 100 million images a month by the end of 2006," George F. Thomas, an executive vice president at The Clearing House, said Wednesday in a press release.
The projection may be on the low side, considering that last month's image volume grew by 44% from April.
The New York clearing organization, which is owned by 21 large U.S. banking companies, said that Wachovia Corp. became the first banking company to send more than 1 million images in a single day on May 30, when it sent 1.1 million. That day was the busiest of the month; 4.1 million items worth $12.4 billion were exchanged.
The Clearing House said its average daily dollar value of image exchange grew 10% from April, to $6.9 billion. The monthly total grew 21%, to $151.8 billion. Banks have started clearing smaller checks through imaging.
TranSend-Aliaswire Bill-Pay Partnership
The Mason, Ohio, prepaid card processor and marketer TranSend LLC will use software from Aliaswire Inc. of Cambridge, Mass., to create online and phone bill payment services for users of its debit card.
TranSend announced the partnership this week and said the service, for its Axcess America debit card users, would be available this summer.
It also expects to introduce further improvements to its debit card program then.
The phone payment service will use Aliaswire's voice recognition software to automate bill payments.
The bill payment services will give TranSend customers "all of the conveniences of a traditional bank account," Rebecca Ahlers, the company's director of product development, said in a press release.
