WAY Systems has announced that Visa International has completed an equity investment in the company as part of a strategic alliance announced earlier this year.   » Continue Reading

Richard K. Davis, president and chief operating officer of U.S. Bancorp, announced today that Pam Joseph has been named chairman, president and chief executive officer of its merchant payment processing subsidiary, NOVA Information Systems replacing Ed Grzedzinski.

Jennifer Saranow writes in the Wall St. Journal about banks owned by non-banks offering banking services to their customers -- including Volkswagen Bank/Audi Bank, Toyota Financial Services, GMAC Bank, BMW Bank, and Nordstrom Federal Savings Bank.

Paul Roberts of IDG News Service reports on bank usage of strong authentication technologies to authenticate their online customers.

"The good guys can't keep up with the bad guys," said Litan of Gartner. "What we need is some kind of caller ID for the Internet. Someone has to stand behind Web sites and say, 'This is John Doe.' And right now nobody does that."

Cloudmark has introduced the CloudMark SafetyBar, an anti-phishing solution based upon its earlier SpamNet toolbar.   » Continue Reading

Lavonne Kuykendall reports in the American Banker this morning on changes Visa USA is making to PIN and signature debit card interchange fees.

Amey Stone in Business Week updates an earlier Washington Post story about ING Bank intending to offer a credit card linked to 401(k) accounts.

Liz Pulliam Weston reports on MSN Money about credit scores.