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A payment system is an automated set of processes (usually done with computers) for accepting cash-substitutes as money. Since the rise of credit and debit cards and the Internet, most businesses in the U.S. rely on some type of payment system. In addition to the traditional credit card processing services, payment systems can include electronic checks, EFT, mobile payments, and technologies specific to the Internet like digital wallets, e-cash and PayPal.

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Bank of America Shifts Consumer Card Processing In House

12 September 2006

Western Union Reaches 250,000 Milestone

12 September 2006

transmodus Offers On-demand ACH Payment and Collections Automation

12 September 2006

Credit Card Payments Via iPods and mp3 Players

12 September 2006

First Large-Scale Contactless Payment Trial in North America Set

12 September 2006

More ATM and Debit Networks Choose Fair Isaac's CardAlert Fraud Manager to Combat Fraud

12 September 2006

Four Credit Unions Choose TNB Card Services for Credit Card Processing

12 September 2006

EFT Network Launches Direct2Fed System to Leading Financial Institutions

12 September 2006

Pay By Touch and NCR Announce Strategic Alliance to Provide Complete Biometric Services

12 September 2006

Electronic Clearing House Announces Fourth Quarter and Full-Year Fiscal 2005

12 September 2006

Pay By Touch to Acquire BioPay

12 September 2006

Check Image Volume Sets Record In November

12 September 2006

First Data Declares Regular Quarterly Dividend

12 September 2006

MasterCard Supports Micro and Small Payments by Promoting Transaction Aggregation Model for Merchants

12 September 2006

Electronic Payment Providers, Inc. and CR Software Partner to Provide Real-Time, Integrated Credit Card Processing

12 September 2006

Japanese Company Launches Mobile-enabled Credit Card

12 September 2006

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