Elavon, a wholly-owned subsidiary of U.S. Bancorp and formerly known as NOVA Information Systems, has announced that its Back Office Conversion (BOC) processing handled more than 4.6 million transactions in August, accounting for over $400 million in converted check volumes. BOC implementations of Elavon’s Electronic Check Service (ECS) solution are currently installed at more than 1,800 retail locations nationwide. READ MORE »

Bill Me Later has announced that the number of online stores, catalogs and travel partners offering its payments approach has exceeded the 1,000 mark. According to the company, "the merchants in the network represent top-tier retail, airline and hotel brands offering tens of millions of products to Bill Me Later’s rapidly expanding consumer base." READ MORE »

In an article titled "RBS Switches to Visa for Its Debit Cards", Robin Sidel reports for the Wall St. Journal that, beginning in mid-2009, Royal Bank of Scotland Group is switching its debit card issuance from MasterCard to Visa in both the US and the UK.

TrialPay has announced reaching two milestones today: supporting 6,000 merchants and acquiring its 12 millionth user. According to the company, "this represents a 20 percent growth in merchant and user numbers in just over a month for the two-year-old payment platform." READ MORE »

eBillme has announced closing a $12 million financing round led by Canaan Partners with participation from existing investor Celtic House Venture Partners. Maha Ibrahim, General Partner at Canaan Partners, and Pierre-André Meunier, P.Eng., Partner at Celtic House, are joining eBillme's Board of Directors. READ MORE »

In a press release, the Smart Card Alliance reports that "after two years of fast growth in contactless payments, the verdict is in: Once consumers try contactless, they like it! And with large issuers including American Express, Chase, Citibank, Washington Mutual, Wells Fargo and many others issuing contactless cards, the number of users is growing fast." READ MORE »

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