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July 06, 2005

Federal Reserve Bank of Chicago's 2005 Payments Conference Presentations

Most of the presentations from the Federal Reserve Bank of Chicago's recent 2005 Payments Conference are now available online.

Visa CMEA Claims World's Largest Mobile Commerce Deployment

Visa International's CMEA region has announced that mobile operators in Jordan, Serbia, and Morocco have signed up to Visa's new mobile commerce service that uses technology provided by Upaid.

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TradeCard Launches First Automated Early Payment Program

TradeCard has announced the launch of its automated Early Payment Program that allows suppliers to receive payment as early as two days after the buyer submits an electronic payment approval document. The program offers better rates to suppliers because the discount rate is based upon the buyer's credit rather than the suppliers.

Says Kurt Cavano, chairman and CEO, TradeCard Inc. "Because we connect buyers and sellers online, we can provide unique and differentiated financial services that are not possible if all processes are paper-based. Through making use of the buyer's own cash and in cooperation with our financial institution partners, we have opened up opportunities for viable alternatives to traditional factoring and financing arrangements."

eBay plans PayPal launch in China

Doug Young reports for Reuters on eBay's plans to launch its PayPal payment service in China by the end of this year.

"It will happen within this year, but no date has been announced," an eBay spokesman told Reuters. "We will have an announcement event when there are more details."

Today's Headline News - Wednesday, July 6, 2005

Note: This posting is updated regularly throughout the day.

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