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SAN DIEGO — Nacha has approved a format for businesses to convert checks into electronic payments in their back offices, introducing a new competitor to remote capture, one of the banking industry’s most popular check-imaging applications.
May 10 -
The Internet banking outsourcer Online Resources Corp. announced Monday that it is buying Princeton eCom Corp., the No. 3 provider of electronic billing and payment services, for $180 million in cash.
May 9 -
Dial-up Internet connections are a problem for banks that automatically phone online customers to double-check their ID for some transactions.
May 9 -
Consumer use of the Internet for financial activities is driving up automated clearing house volume.
May 8
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John H. Harland Co. posted solid first-quarter earnings and said an acquisition last year had partly offset an industrywide slowdown in the use of paper checks.
May 5 -
In response to pressure from an investment group that holds nearly 10% of its shares, S1 Corp. appears to have dropped its resistance to a sale, and has agreed to add a member of the group to its board.
May 4 -
After warning analysts in March to expect a break-even quarter, Open Solutions Inc. surprised Wall Street Tuesday by reporting first-quarter earnings of 21 cents a share, 50% better than a year earlier.
May 4 -
Carreker Corp., which has struggled to cash in on the growth in check imaging, plans to build consulting and other parts of its business and to market to industries outside banking, its chairman said.
May 3 -
The remote capture of digital check images is moving beyond the big banks that first offered it to smaller institutions.
May 3 -
More powerful consumer online banking services, including some of the advanced cash management features commonly offered to businesses, are proving their worth, banks and vendors say, by making their users more valuable and more loyal.
May 2
