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The phenomenal growth in accounts receivable conversion of automated clearing house payments will eventually decline, because consumers are paying more monthly bills online or with credit cards.
July 1
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StrikeForce Technologies Inc. of Edison, N.J., has started marketing the VerifyID automated authentication system, which quizzes customers on personal facts.
June 30 -
As the Federal Reserve banks shutter check-processing centers around the country, they also are closing some of the vaults where they provide cash services to banks and credit unions.
June 30
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A Brazilian unit of Bank of America Corp. is trying to turn mobile phones into mobile banking systems that would enable customers to access their online accounts from just about anywhere.
June 30 -
Fifth Third Bancorp has become the first nonowner banking company to send check images through the SVPCO Check Image Exchange Network, and says the effort will cut down on its expenses.
June 29 -
The increasing use of fake e-mail messages and the recent spate of data security breaches at banks, merchants, and card processing companies are making consumers wary of banking online.
June 28
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The online banking technology company Digital Insight Corp. of Calabasas, Calif., has landed a big new credit union customer and expanded its relationships with two credit unions.
June 28 -
Metavante Corp. has announced two acquisition deals in the last two business days and is looking for more to round out its product line.
June 28 -
By simplifying the process, International Business Machines Corp. is hoping to motivate the world’s banks to take on one of the industry’s most challenging tasks: upgrading their aging core processing systems.
June 27 -
At first glance the two promotions look identical: free iPods for new customers who agree to pay bills online.
June 24 -
Wachovia Corp. plans to outsource some of its technology work to India under a cost-cutting initiative announced earlier in the year.
June 23 -
Google Inc., the operator of the most-used Internet search engine, confirmed it is developing a payment service.
June 23
