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.

According to their research, the top 5 ranked sites are: National City, Fifth Third Bank, Capital One, Bank of America and Wachovia.

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.   » Continue Reading

• Visa International Names New Japan, China Chiefs
• Bank of America and Mexicana Airlines Partner on Rewards-Based Credit Card
• New PixelPass Service Helps Content Publishers Generate Income
• American Express Platinum Luxury Survey Shows Wealthy Gen X Consumers Are Mighty in Luxury Buying Power, Spending More Than Baby Boomer Population
• L-3 Communications Co-Founder Robert V. LaPenta Forms New Biometrics Investment Firm
• Trintech Announces SmartPIN Xpress, the Fast, Pre-Certified, Cost-Effective Chip and PIN Solution
• 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

Note: This posting is updated regularly throughout the day.