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Payment Systems

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.

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Payday Lenders Sue U.S. Government Over “Operation Choke Point”

A payday lending association and its largest member announced Friday a lawsuit against the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency, and the Federal Reserve over the agencies’ Operation Choke Point initiative which focuses on banks’ and payment processors’ affiliation with what the government says are high risk industries.

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Artiva Healthcare Integrates BillingTree Electronic Payments into Revenue Cycle Management System

BillingTree, one of the nation’s leading on-demand payment solution providers, today announced an extension of its partnership with Ontario Systems, a leading receivables management technology and services provider, to provide integrated electronic payment support for the highly successful Artiva Healthcare revenue cycle management system.