The Business Standard reports from Mumbai on the rapid growth in spending on plastic cards in India.

Payment processor TSYS has announced the appointment of Phil Tomlinson as CEO and Troy Woods as President and COO. Former CEO Richard Ussery will remain chairman.

BitPass this morning announced the general availability of its micropayment system. READ MORE »

Avon and BankOne announced this morning a new Visa Platinum card that rewards cardholders in points redeemable for Avon beauty products.

"By partnering with Avon, one of America's leading brands, we are providing a card product that is unprecedented in the beauty and direct-selling industries. Avon Representatives will be able to present this offer using a more personalized approach, instead of relying on a more traditional channel," said Tom Kerwin, executive vice president of relationship management for Bank One's card services division.