Electronic bill presentment and payment

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/Electronic bill presentment and payment

Efunds, IBM and Infomax to implement Thai national payments network

US payments systems vendor eFunds is teaming with IBM and Bangkok-based IT services firm Infomax to implement a new payments network for the National Interbank Transaction Management Exchange (ITMX) in Thailand.

/Electronic bill presentment and payment

CheckFree to acquire Carreker

US e-payments vendor CheckFree has signed a definitive agreement to acquire troubled financial IT and consultancy firm Carreker Corporation for a total of $206 million.

/Electronic bill presentment and payment

American Express buys Harbor Payments

American Express has signed an agreement to acquire Atlanta-based Harbor Payments, a privately-held provider of electronic invoice presentment and payment (EIPP) systems. Financial terms of the deal were not disclosed.

/Electronic bill presentment and payment

Lloyds TSB introduces online bill payment service

UK bank Lloyds TSB has added a new online bill payments application to its Web banking site that is powered by OneVu, the electronic bill presentment and payment (EBPP) service set up by Voca and CheckFree.

/Electronic bill presentment and payment

Todo1 delivers Clear2Pay Bank Payments Hub to Banco Mercantil

Florida-based e-financial services utility Todo1 has selected Belgium-based Clear2Pay's Payment Hub to deliver electronic bill payment services to client bank Banco Mercantil in Venezuela.

/Electronic bill presentment and payment

Dexia and KBC pilot new LogicaCMG, Isabel payments information portal

Belgian banks Dexia and KBC are piloting a new e-invoicing system for consolidating corporate and consumer payment information flows.

/Electronic bill presentment and payment

Norwegian telco and banks to develop mobile authentication system

Norwegian telco Telenor is teaming up with the national BankID consortium to develop a mobile banking authentication service.

/Electronic bill presentment and payment

Mellon buys payments processor ClearTran

US asset management firm Mellon Financial has acquired ClearTran, a New Jersey-based provider of electronic and online payment processing systems, for an undisclosed sum.

/Electronic bill presentment and payment

WaMu criticised for handling of online glitch

US consumer groups have criticised Washington Mutual (WaMu) for refusing to refund late payment fees incurred by customers when a glitch knocked out the bank's online bill payment system.

/Electronic bill presentment and payment

CheckFree's Q4 falls short of expectations

Shares in US e-payments vendor CheckFree Corporation plummeted 21% in after hours trading yesterday after the company posted fiscal fourth quarter earnings below market expectations.

/Electronic bill presentment and payment

Abbey apologises for e-business banking glitch

High street bank Abbey has apologised for a systems problem with its online business banking service that has caused some customers' payments to be sent to the wrong people.

/Electronic bill presentment and payment

Online Resources to acquire Princeton eCom

Internet banking and bill payment vendor Online Resources has signed a definitive agreement to acquire e-payment processor Princeton eCom Corporation for $180 million in cash plus an earnout of up to $10 million.

/Electronic bill presentment and payment

Global electronic payment volumes to double by 2010

The annual number of electronic payment transactions, currently at approximately 210 billion worldwide, is expected to double by the end of the decade, according to research released by ACI Worldwide.

/Electronic bill presentment and payment

FreeStar Technology raises $10m

Dublin-based electronic payments processor FreeStar Technology Corporation has secured $10 million in funding from Swedish venture capital firm Svensk Kredit och Finans.

/Electronic bill presentment and payment

Bank of America clocks up 15 million e-banking customers

Bank of America says it now has around 15 million Web banking customers, which amounts to more than a third of the entire online banking market in the US.

/Electronic bill presentment and payment

Deutsche Bank and CSC launch electronic corporate invoicing service

Deutsche Bank is teaming with Computer Sciences Corporation to launch an electronic invoice presentment and payment (EIPP) service for use by corporations in Europe.

/Electronic bill presentment and payment

More US customers switching to Web banking

The number of online banking customers in the US grew to nearly 40 million during the fourth quarter of 2005, a 27% increase over the previous year, according to statistics from Web metrics firm ComScore Networks.

/Electronic bill presentment and payment

Investor group calls for S1 sale

A group of investors that own a 7.2% share of fintech vendor S1 Corporation have called for the sale of the underperforming business.

/Electronic bill presentment and payment

Citi targets Web banking customers

Citigroup has launched a new Internet banking service that offers accounts with higher interest rates in a bid to attract more US customers to its Web banking channel.

/Electronic bill presentment and payment

Huntington targets ice hockey fans with interactive game

Ohio-based Huntington Banchares has added an online interactive ice hockey game to its Web site in a bid to sign up fans of local team Columbus Blue Jackets to a new banking package.