PayPal has increased the PayPal merchant referral bonus paid for bringing new businesses to PayPal. It's now possible to earn up to $1,000 per merchant referred as compared to $100 previously.   » Continue Reading

A subsidiary of Metris, Direct Merchants Credit Card Bank, has announced the launch of the American DreamCard Platinum MasterCard.

The American DreamCard gives the cardholder the opportunity to win a monthly cash jackpot every time they spend $1.00 on everyday purchases. The American DreamCard is not a lottery; it is a MasterCard, so there is no need to stand in line, buy tickets or pick numbers. Simply use the card for everyday purchases and get an entry for every net $1.00 spent on the American DreamCard (up to 1,000 entries per a $1,000 transaction). The monthly jackpot will grow with the amount of money spent on the American DreamCard by all American DreamCard cardholders.

Discover Card has announced an exclusive acceptance agreement with Dollar General.   » Continue Reading

Information Week reports on the appointment by Bank of America of Barbara Desoer as chief technology, service and fulfillment executive.

She will lead strategy development and execution for the bank's technology platforms and fulfillment capabilities, which include ATMs, call centers, consumer-risk operations, and its Latin American business. She'll also lead development and implementation of the company's payments strategy.