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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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First Data International Completes Acquisition of Argencard, S.A.

14 December 2006

Chase Paymentech Gets MasterCard Approval to Process Chip Transactions

8 December 2006

Biometric Industry Leader Acquires Loyalty Marketing Pioneer

8 December 2006

Cards&Payments Magazine to Launch Industry Awards

8 December 2006

Apollo Enterprise Solutions Surpasses $1 Million-a-Day in Online Collections

8 December 2006

MasterCard to Expand PayPass Deployment to Nationwide Rollout

8 December 2006

EU Warns of Need for More Credit Card Competition

8 December 2006

Closed MasterCard Hearing to Begin Today

8 December 2006

Fraudsters Pocket $3 Billion From U.S. eCommerce in 2006

8 December 2006

Sam's Club to Start Accepting MasterCard

8 December 2006

First Data Announces Offers for Up to $1.6 Billion of its Outstanding Debt

8 December 2006

Discover Cards Now Accepted in China

8 December 2006

Visa Barred from Joining MasterCard World Cup Sponsorship Suit

8 December 2006

First Data Announces Renewal of Contract with Wells Fargo

8 December 2006

Visa, Morgan Stanley Settle Card Dispute; EU Continues Probe

8 December 2006

transmodus and Check Site Partner for Check 21 Automation

8 December 2006

Warburg Pincus Acquires easycash from First Data

8 December 2006

Israeli Bank to Pay $12 million in Money Laundering Row

8 December 2006

MasterCard Leads Nation's First Market Trial of Mobile Phones Enabled for Payment

8 December 2006

MasterCard Wins 2006 Company of the Year Award for Contactless Payment

8 December 2006

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