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.

See all Topics

LendingTree Reaches New Milestone: 20 Million Customer Loan Requests

12 September 2006

AT&T Says Consumer Credit Data Stolen

12 September 2006

More and More Consumers Use Visa to Make Small Purchases

12 September 2006

Consumers Paying Off Credit Card Debt Faster

12 September 2006

What Is An Acceptable Level Of Charge-Offs?

12 September 2006

Discover Financial Services and Largest Japanese Card Issuer Announce Alliance

12 September 2006

Credit Card Merchant Acquiring Industry Dominated by Powerhouse Processors

12 September 2006

Payday Lender Check ?n Go Targeted for Closure, Huge Fine

12 September 2006

First Data International to Acquire Argencard S.A.

12 September 2006

Internet Lenders Impede the Effectiveness of Tougher Payday Loan Laws

12 September 2006

Rebuked Payday Lender still Chasing Loans

12 September 2006

Electronic Clearing House Announces Third Quarter Fiscal 2006 Results

12 September 2006

Credit Card Issuers Banking on Payment Technology

12 September 2006

Vengroff Partners with GE Business Credit on Receivables Financing Solution

12 September 2006

Apollo Enterprise Solutions Named Leading Consumer Collections Automation Technology Provider

12 September 2006

First Data Study Re-Confirms Debit as the Fastest Growing Payment Method

12 September 2006

Online Resources and Corillian Enter Reseller Agreement for Payment Services

12 September 2006

Lawsuit Filed Over CardSystems Data Breach

12 September 2006

Credit Card Companies to Pay $336 mln Over Currency Fees

12 September 2006

First Data Income Rises 11%; Western Union Business Hit by Immigration Controversy

12 September 2006