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- Handling Online Payments
- If your business sells its products or services online, it goes without saying that your online payment system must work flawlessly. If not, your credibility will vanish in a heartbeat. Your system must be easy to use and unfailingly secure. Consumers won't tolerate a long, cumbersome purchasing process, and they...
- Articles 2007-10-16
- Check Clearing for the 21st Century Act: Printing Implications for Financial Institutions and Service Bureaus
- In an effort to improve the efficiency of the U.S. payment systems and minimize risky dependence on planes, trucks and trains to transport paper checks, the U.S. government drafted and enacted the Check Clearing for the 21st Century Act. Also known as Check 21, the act was signed into law...
- White papers 2004-11-18
- September 11 And The U.S. Payment System
- From the executive summary: ‘The events of September 11 posed unprecedented challenges to the operation of the dollar payment system in New York. In its broadest definition, the payment system is a network of banks, central banks, securities firms, service providers, and industry-owned utilities that ensures both the smooth transfer...
- White papers 2002-03-01
- Developments in Retail Payment Systems
- Banks face three notable challenges in developing retail payment systems: integration of bank and customer systems, use of new technologies to improve the efficiency of payment systems, and international standardization and integration of banking systems. Retail payments - routine settlement of invoices and purchases by consumers and firms - are...
- White papers 2001-11-23
Additional Resources
- Mobile Payment System Zong Adds Credit Card Billing
- Mobile payment platform Zong hopes to attract more clients and boost its user numbers by enabling payment by credit and debit cards. In the rapidly growing mobile payment space, Palo Alto-based Zong is looking to set itself apart by being the first to allow card payments via mobile—online businesses...
- External links 2009-10-29
- Atlanta Fed official discusses payment system changes.
- Rapid changes in the payment system have become a worldwide phenomenon. In July, Atlanta Fed First Vice President Pat Barron discussed the globally evolving payment system at a conference in Santiago, Chile, hosted by the Chilean Superintendent of Ba Rapid changes in the payment system have...
- Research articles 2005-07-01
- Interactive, online payment system. (Nynex and Chase Manhattan Bank)(Brief Article)
- Interactive, online payment system Nynex and Chase Manhattan Bank have created an interactive payment system designed for electronic commerce over interactive television and online networks. The partners released a prototype of the software that will Interactive, online payment system Nynex and Chase Manhattan Bank have...
- Research articles 1995-09-25
- CIBC VISA to announce major internet secure payment system via media conference call.
- TORONTO, Dec 05, 2000 WHAT: On Wednesday Dec, 6, 2000 at 11:00 a.m. EST, CIBC and a leading global provider and marketer of secure e-commerce payment solutions will ...
- Research articles 2000-12-05
- VISA INTERNATIONAL TO BUILD MODERN PAYMENT SYSTEM IN CHINA BY 2008
- AsiaInfo Services 08-28-2002 VISA International to Build Modern Payment System in China by 2008 BEIJING, Aug 28, 2002 AsiaPort via COMTEX -- As one of the biggest global payment networks, VISA is collecting its pace entering Chinese market. I AsiaInfo...
- Research articles 2002-08-28
- VeriFone Vx 570 Achieves PCI PED Security Approval; Leads Payment Industry With Third PCI PED Approved Payment System
- SAN JOSE, Calif. -- VeriFone Holdings, Inc. (NYSE: PAY), today announced that its Vx 570 payment solution has met the requirements of the PCI PED security standard for point of sale PIN entry devices. The Vx 570 is the third VeriFone payment system to meet PCI PED requirements, joining the...
- Research articles 2006-01-19
- Clearing and payment systems: the role of the central bank - includes glossary and model payment system
- Clearing and Payment Systems: The Role of the Central BankTwo themes of the Central Banking Seminar are directly relevant to consideration of payment system issues. One is the interdependencies of different functions normally performed by a central bank. In this regard, I know of no other aspect of the central...
- Research articles 1991-02-01
- Verrus and O2 implement mobile phone parking payment system for City of York Council.
- M2 PRESSWIRE-4 September 2006-Verrus Mobile Technologies Inc: Verrus and O2 implement mobile phone parking payment system for City of York CouncilC1994-2006 M2 COMMUNICATIONS LTD RDATE:04092006 Residents and visitors in the City of York can now pay for parking via their mobile...
- Research articles 2006-09-04
- Community banks could be shut out of e-payment system
- Q: Explain the issues surrounding the evolution of the payment system and why they are so important to community bankers. Access to the payment system is the key to community bank survival. The best example of that is the check system and the ACH system which is operated by the...
- Research articles 2001-05-01
- Keeping CHIPS safe ... and private. (Clearing House Interbank Payment System)(Operations & Automation) (Cover Story)
- Although only a handful of banks are members of it, most bankers are familiar with the CHIPS electronic clearing system in New York. Not as many, perhaps, remember that CHIPS stands for Clearing House Interbank Payment System, but they know it is an important link in the...
- Research articles 1991-05-01
- Overhauling The US Health Care Payment System
- During the next five years, rapid innovation may restructure the value chain of health care payments and change the sector's balance of power. The US health care payment system, which processes $1.9 trillion a year, is ripe for transformation. The system is inefficient, consuming 15 percent or more of each...
- White papers 2007-06-01
- Trintech introduces new e-payment system
- Worldwide Computer Products News-12 July 2000-Trintech introduces new e-payment system C1995-2000 M2 COMMUNICATIONS LTD http://www.m2.com Trintech Group Plc has launched what it claims to be the industry's first secure electronic payment system for mobile commerce. Called PayWare mAccess, the new system is designed to work as a...
- Research articles 2000-07-12
- Settlement Bank Behavior and Throughput Rules in an RTGS Payment System With Collateralized Intraday Credit
- The paper presents a simple two-period, two-bank model of an RTGS system with collateralized intraday credit. The paper shows that two types of outcome are possible - inefficient or efficient - depending on whether banks care about payments imbalances between them in the first period. If they do, banks delay...
- White papers 2003-12-04
- Executive Summary of Analyses for the Initial Implementation of the Inpatient Rehabilitation Facility Prospective Payment System
- This paper describes the research that RAND performed to support the efforts of the Health Care Financing Administration HCFA to design, develop, and implement a Prospective Payment System PPS for inpatient rehabilitation. It presents recommendations concerning the payment system and also discusses their plans for further research on the monitoring...
- White papers 2002-01-09
- Kraft reviewing ad agency payment system.(Kraft Foods may change its method of compensating its advertising agencies)(Brief Article)
- Kraft Foods plans to review the way it compensates its roster of ad agencies and consider a pay-for-performance structure. The new payment system would replace the Northfield-based food company's existing one, put in place three years ago when Kraf Kraft Foods plans to review...
- Research articles 2000-06-19
- Can the Fed be a payment system innovator?
- The payment system is a communications industry in which Federal Reserve Banks, in their check collection activities, provide communication services. The history of government intervention in other communications industries offers lessons for the Fed in iThe payment system is a communications industry in which Federal Reserve Banks, in their check...
- Research articles 1998-03-22
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