SmartMoney.com profiles Scott Bilker of Barnegat, NJ who holds 80 credit cards with more than $300,000 in total available credit. Bilker operates the web site DebtSmart.com.

Ron Lieber reports in the Wall St. Journal about the upcoming pitches consumers will be receiving for American Express cards.

Banks like the idea of issuing AmEx cards because an American Express generally pays them more than a Visa or MasterCard. But for consumers, AmEx has its limitations: It's not as widely accepted by merchants.

That fact was hammered home recently, when Walgreens -- the nation's biggest drug store chain -- announced it wouldn't accept American Express cards anymore. AmEx hits retailers with higher average service fees than MasterCard and Visa, and Walgreens says it decided the premium wasn't worth it.

Bank of America has released the results of a new study of consumer thinking regarding online banking.

Overall, when consumers were asked, "What prompted you to start banking online?" 64% cited 24-hour access to their accounts, 54% noted convenience and 48% answered that online banking saved time.

Gambling Magazine reports on the use of RFID in casino chips.

iPayment has announced that it has acquired a merchant portfolio of approximately 25,000 small merchants from First Data Corp. The portfolio represents approximately $9 to $10 billion in annual charge volume and was acquired for $130 million in cash.   » Continue Reading

Aldo Svaldi reports in the Denver Post on the relationship between Visa International and First Data Corporation.

"On the one hand, they are our competitor, and on the other hand they are our customer. It is a unique dynamic," said Danielle Pereira, spokeswoman for Western Union, First Data's money-transfer subsidiary.