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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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Western Union and Arizona Attorney General Postpone Hearing

8 December 2006

Researchers Expose Contactless Credit Card Flaws

8 December 2006

Wells Fargo Improves Fraud Protection in Business-to-Business Electronic Payments

8 December 2006

Visa, MasterCard Won't Accept Charges From AllofMP3.com

8 December 2006

Two-Thirds of U.S. Businesses Surveyed Turning from Checks to More Efficient Commercial Payment Methods

8 December 2006

Electronic Clearing House Warns on Earnings after Anti-Online Gambling Legislation Passes

8 December 2006

CheckFree Streamlines Check Conversion with New Back Office Conversion Solution

8 December 2006

Convergys Updates Third Quarter Guidance

8 December 2006

PayPal Expands to 103 Markets and Adds 10 Currencies

8 December 2006

Visa Announces Global Restructuring, Plans to Go Public

8 December 2006

First Data and Austin Logistics to Offer Solution that Dramatically Reduces Payment Risk

8 December 2006

MasterCard Shares Being Downgraded on Price Explosion

8 December 2006

First Data Completes Western Union Spin-off

8 December 2006

MoneyGram Delivers Technology Allowing Billers to Review Payments Online Prior To Acceptance

8 December 2006

Advance America To Stop Providing Payday Loans to Military Personnel

8 December 2006

Most Americans Want Paychecks Processed in the U.S.

8 December 2006

Dutch Bank to Ease Climate Guilt with Credit Card

8 December 2006

Western Union Seeks Stay of Arizona Seizure Warrant

8 December 2006

Credit Acceptance Corporation Announces Completion of $50 Million Credit Facility

8 December 2006

GlobalCollect Now Enables Merchants to Accept Cash Payments Online

8 December 2006

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