The Federal Reserve has announced that revolving consumer debt outstanding fell again in April, down about $500 million from March, while non-revolving consumer debt outstanding rose $1.7 billion.

Change Sciences Group reports on research scoring 26 credit card web sites on their ability to meet the goals of consumers shopping for a card.

"The vast majority of card sites currently throw up obstacles right where they shouldn't -- just as they are attempting to start a relationship with a new customer. Not telling prospects directly how rewards can be redeemed, or making it hard to compare card offers, are common" said Steve Ellis, a Change Sciences partner.

Moneris Solutions has announced that it has processed the first Interac Online transaction in Canada. Interac Online is a new service that allows Canadians to pay for goods and services purchased on the Internet directly from their bank account.

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• New PixelPass Service Helps Content Publishers Generate Income
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• L-3 Communications Co-Founder Robert V. LaPenta Forms New Biometrics Investment Firm
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• New MasterCard Ad Campaign Promotes Commitment to Helping Large Corporations "Find Profits in New Places''
• Pay By Touch Selects Hypercom's HBNet to Speed Payment Transactions
• Bank of the West Chooses Princeton eCom to Provide PayAnyone(TM) Solution to Enhance Payment Processing Capabilities and Reduce Claims