Electronic bill presentment and payment

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/Electronic bill presentment and payment

Nordea reports Finland Ministry of Finance e-payments contract

Scandinavian bank Nordea has won a deal to provide electronic invoicing and payment services to Finland's Ministry of Finance for the next four years.

/Electronic bill presentment and payment

American Express introduces e-invoice service for corporates

American Express has launched S2S eInvoice&Pay, an online integrated electronic invoice presentment and payment (EIPP) system aimed at its corporate customers.

/Electronic bill presentment and payment

Voca and Link to merge

UK payments and clearing network Voca is merging with Link, operator of the country's cash machine network, to form a European payments processor that will handle over eight billion transactions a year.

/Electronic bill presentment and payment

A&L online bill payment transactions top one million

UK banking group Alliance & Leicester (A&L) says the number of bill payments made via its automated BillPay Web site increased by 37% in 2006 and passed the one million mark for the first time.

/Electronic bill presentment and payment

CheckFree to acquire Corillian for $245m

US e-payments firm CheckFree has signed a definitive agreement to acquire Internet banking systems vendor Corillian Corporation for $245 million.

/Electronic bill presentment and payment

BB&T to roll out contactless Visa cards; signs EBPP deal with CheckFree

US banking group BB&T has begun issuing payment cards featuring Visa's contactless payments technology to select customers under a pilot programme.

/Electronic bill presentment and payment

Clear2Pay gets EUR130,000 grant for Sepa direct debit strategy

Belgium-based payments systems vendor Clear2Pay has been awarded a EUR130,000 grant by the Flemish Innovation Institute for Science and Technology (IWT) which it will use to support the development of its Sepa direct debit technology.

/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.