NACHA has announced that its voting membership has approved "an amendment to the NACHA Operating Rules that will require all international payments made via the ACH Network to be identified as International ACH Transactions using a new Standard Entry Class (SEC) Code--IAT. The new Rule will also require that IAT payments include specific data elements defined by the Bank Secrecy Act's (BSA) "Travel Rule (i)." The implementation date of the rule amendment is March 20, 2009."   » Continue Reading

American Express has announced agent bank alliances with BankAtlantic and Harris Bank. The agent bank agreements call for the companies to jointly market small business charge and credit cards that carry the banks' and American Express brands.

I4 Commerce has announced that it has changed its name to Bill Me Later, Inc. The company says that its "new corporate name marks the culmination of years of work building a leading alternative payment service for retailers and consumers. The Bill Me Later name best reflects the company’s focus on enhancing the retail purchasing experience by enabling customers to shop without using a credit card and to be billed for their purchases at a later date."   » Continue Reading

Aite Group has announced a new report that explores the key small-business online banking strategies of large U.S. banks. According to the report, "only 6% have achieved a small-business online banking adoption rate greater than 40%. With the help of aggressive technology deployment plans, and a better understanding of customer needs, 44% of these banks hope to achieve that goal by year-end 2008."   » Continue Reading

PayPal recently launched a new blog - The PayPal Blog. PayPal CEO Rajiv Dutta says the new blog is a place "to have a conversation with the millions of customers and partners that use PayPal every day."

• Laru Corporation Offers New ACH Risk and Compliance System
• mPoria Inc. Launches Mobile Commerce Marketing Program for Retailers
• PCI Data Security Standard compliance: Setting the record straight
• UK: Dialogue’s Technology Drives New Mobile Phone Shopping Service
• Comodo Delivers True Two Factor Online Banking Authentication That is Easy and Convenient for Users Regardless of Where They Login From - Private or Public Computers
• The Meaning Of TJX's $168 Million Data Breach Cost

We have received news of the following recent management changes:

• Kelley Knutson, former managing director of TSYS Europe, has been promoted to Group Executive of Global Services responsible for all international sales, client relations and operations outside of North America for TSYS.