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Payment Cards Face fresh Competition For Consumers' Bill Payments

ISSN: 08940797
Publication Date: 08-20-2003
Page: 1
Type: Periodical
Language: English

While credit and debit cards are well positioned to take advantage
of consumer seeking more convenience in paying recurring bills than
they commonly have with paper checks and stamps, they face significant
competition from service providers offering other payment approaches.

One of those competitors is the automated clearing house (ACH). NACHA-
-The Electronic Payments Assn. this fall will launch a pilot trial
that uses an

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