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April 11, 2005

Glenbrook Announces Executive Workshops on Payments

Glenbrook will be holding two executive workshop "boot camps" during May near our headquarters in Menlo Park, California.

The first workshop, a two-day "deep dive" into the US payments industry, will be held May 19-20 and taught by Carol Coye Benson and Scott Loftesness.

The second workshop, a one day intensive session examining payments from the merchant perspective, will be held May 26 and taught by Jay DeWitt and Allen Weinberg.

Both of the May workshops will be held at The Computer History Museum in Mountain View, California.

NACHA Reports Record Wave of ACH Payments

NACHA today reported that more than 12 billion ACH payments were made in 2004, a 20 percent increase over 2003. The growth was largely driven by the rapid expansion of ARC -- the accounts receivable check conversion application -- which experienced a nearly six-fold increase in volume to more than 1.25 billion payments.

Internet-initiated ACH payments also grew significantly with 967 million ACH debit payments worth over $300 billion initiated over the Internet, a growth rate of over of 40 percent from 2003.

READ MORE »

The Online Underworld

Carrie Kirby reports for the San Francisco Chronicle on the online underworld where private personal information is quickly and easily sold over the Internet.

The credit card numbers, bank account numbers, eBay accounts and other data sold there are stolen in corporate security breaches like the one at ChoicePoint, through offline crime like old-fashioned pickpocketing, and through scams known as "phishing" attacks, in which criminals trick people into revealing account information with slick-looking fake e-mails.

In a related story, Kirby reports on the latest kinds of phishing attacks.

Visa Upgrades Global Payment Network

Visa has announced the implementation of a semi-annual software update to VisaNet.

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Expedited E-Payments

Fort Knox National Company has announced the results of a recent survey completed by Edgar Dunn & Company examining the key consumer drivers and motivations for their use of electronic payment services.

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PAYMENTS NEWS IS PRODUCED BY AND IS A SERVICE MARK OF GLENBROOK PARTNERS, LLC
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