Electronic Payments Week articles

Recent articles from Electronic Payments Week

Endpoint Exchange, Viewpointe Link Up.
November 29, 2005... A useful step toward widespread check image exchange was taken last week when Endpoint Exchange LLC and Viewpointe announced they were connecting their systems to allow their members to exchange check images. They will clear them through The National Clearinghouse, based in Dallas, which...

Payments Data Could Be Key To Bank Prosperity.
November 29, 2005... As payments processing becomes a commodity, plenty of bankers are wondering if, given the non-bank competition, there's even a future for them in payments. There's little doubt that non-banks are making inroads into the payments arena. And since payments-related operations are one of...

Reserve Bank Of Australia Resets Interchange.
November 29, 2005... The Reserve Bank of Australia reset interchange rates on Nov. 22. Under the new structure, "the weighted-average interchange fee in each of these three schemes [Bankcard, Visa, and MasterCard] must be no greater than a common [cost- based] benchmark." Previously, each card had its own...

Shadowcrew Sentenced.(investigations of credit card fraud)
November 29, 2005... Six members of the so-called "Shadowcrew" have pleaded guilty to operating an informal--and international--gang of credit card thieves (see Electronic Payments Week, Nov. 9, 2004). This brings to 12 the number of guilty pleas in the case, probably the largest of its type to date. Federal...

Cashpoint President Indicted For Check Kiting.(Cashpoint Network Services Inc)(Brief Article)
November 29, 2005... Samuel Brevdeh, president of shuttered bill payment giant Cashpoint Network Services Inc., pleaded guilty on Nov. 18 on charges he masterminded a massive check-kiting scheme using ACH debits as its instrument. According to the U.S. Attorney's Office for the Southern District of New...