/ Technology

NACHA signs up iGourmet.com and tech partner for online payment system

The secure online payment system from NACHA, which oversees the automated clearinghouse network, has launched with its first retailer client, iGourmet.com, and signed on Fidelity National Information Services as its first technology partner.

Posted 06/26/2008Paul DemeryPost a comment

/ Technology

Alternative payments growing in popularity for online purchases

Debit card online transaction volume will increase to $93.9 billion by 2012, up from $38.8 billion in 2007, accounting for about 26% of total U.S. online transactions, a study says.

Posted 04/17/2008Paul DemeryPost a comment

/ Technology

E-checks’ share of online payments is growing, reports Celent

E-checks have gained 7% of online payments and will account for 9% of online payments next year, says a payments industry report from researchers Celent Communications.

Posted 06/18/2004Kurt PetersPost a comment

/ Technology

E-check dollar volume surges over past two years, NACHA says

The use of e-checks for online consumer purchases grew to $401 million last year, more than 12 times the $32 million in 2001, reports NACHA.

Posted 05/17/2004Paul DemeryPost a comment

/ Technology

Retailers like e-checks, but they don’t register yet with consumers

A BizRate survey found that 96% of online purchases are paid by credit cards or debit cards. Only 0.1% are paid by electronic check and 0.2% by checks mailed post-order.

Posted 05/15/2002Kurt PetersPost a comment

/ Technology

Electronic retail group offers e-check acceptance to members

The Electronic Retailing Association, which represents retailers who sell online, by interactive TV and by infomercials, will offer an electronic check acceptance product to its members through AmeriNet.

Posted 08/14/2001Kurt PetersPost a comment

/ Technology

Digital signatures secure ATM card payments on the Net, NACHA says

A test of 598 web-based purchases showed that payment by debit card over the Internet is as secure and fast as debit card payment at a bricks-and-mortar store’s point of sale, the National Automated Clearing House Association reports.

Posted 07/23/2001Kurt PetersPost a comment

SPONSORED SUPPLEMENT: Finding the right payment alternatives

It’s no secret that e-retailers are actively looking to add alternative forms of payment to their sites to expand their base of customers and reduce their payment acceptance costs. One of the more economical payment forms attracting the attention of e-retailers are e-checks, for which retailers pay a flat rate of about 55 cents compared to a percentage of the transaction, plus a transaction fee, for credit cards.Besides lower acceptance costs,...

Posted 02/01/2007Internet RetailerPost a comment