Are cash transactions becoming extinct?
… in six checks was deposited by account holders as an electronic image rather than paper" — and nearly all checks processed in 2012, it added, were either cleared by electronic image exchange or converted to Automated Clearing House (ACH) payments.
Read more on CBS News

Treasurer Stenberg Reports Record Year for Electronic Payments
… and reoccurring payments by electronic means, Stenberg said. Some of the ways electronic payments are made by the state are Automated Clearing House (ACH) payments, stored value cards or branded prepaid debit cards, and purchasing cards.
Read more on 1011now

Question by Jessie: what is fashion pay payment gateway?
I want to buy some shoes online and under payment method it said FASHIONPAY payment gateway

Best answer:

Answer by Mohammad
1. FASHIONPAY payment gateway is a system to confirm availability of funds in the credit/debit card of the purchaser.

2. The website of Fashionpay gives the following information about the Payment Gateway:

“Payment Procedure

“Online Shopping Payment Procedure

1. Online shopper visits the merchant’s website and attempts to pay for service product.
2. Merchant’s website sends transaction enquiry to the payment system.
3. Online shopper’s bank debit card makes payment to the bank.
4. Fashionpay checks the merchant information and finds no transaction request errors.
5. Payment request is produced and sent to fashionpay gateway which checks the transaction information between the payment system and merchant’s website.
6. If there are no errors, the payment order is produced and sent to the bank’s payment platform.
7. Fashionpay returns the result from the bank’s payment gateway to fashionpay server.
8. Fashionpay server notifies both the merchant’s website and the customer that the transaction is completed.”

http://www.fashionpay.com/sht/en/pay.html.

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Know better? Leave your own answer in the comments!