Bank of America announced today that it has launched its new SiteKey fraud and identity theft protection service for the bank's customers in Tennessee.

Using SiteKey is like getting a safe deposit box that takes two keys to open. Before the customer and the bank agree to open the box together, they confirm each other's identity.

"SiteKey helps you know it's us and we know it's you," said Sanjay Gupta, e-Commerce executive. "It's a free way to increase your online security, and it's easy because you don't need extra hardware or other equipment."

Bank of America announced in late May that it was partnering with PassMark Security to deliver the SiteKey service.

Visa today announced the formal opening of its new Operations Center Central.

DMeurope.com reports on T-Mobile Austria's mobile top-up service introduced in partnership with Erste Bank.

T-Mobile Austria’s partners for Eps online payment currently include Erste Bank and Sparkassen, Raiffeisen Bankengruppe, BAWAG P.S.K. Gruppe, Hypo Bankengruppe and Volksbankengruppe. Three years ago, Austria’s largest banks agreed on a common standard for online payments known as Eps or ’e-payment standard’.

The Star Online reports on acceptance problems experienced by Singapore card holders attempting to use their magnetic stripe cards at merchants in Malaysia who were rejecting them because they didn't contain EMV chips.

Joe Light reports in the Boston Globe on Sovereign Bank's decision to issue American Express cards. The bank's press release announcing the plan is available online.

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