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August 03, 2005

MasterCard Sued By Group of Retailers

The Wall St. Journal Online is reporting tonight that a group of supermarket and drugstore chains that last month sued Visa USA has now filed a similar antitrust lawsuit against MasterCard.

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Glenbrook's Jay DeWitt On The Future of Payments

Glenbrook's Jay DeWitt is speaking on The Future of Payments at next week's Direct Response Forum's Annual Conference in Chicago.

From Bluetooth-enabled POS to payment aggregation to SMS payments, the world of payments is changing. In this thought-provoking presentation, Jay will explore how technologies current in development may evolve to support the next generation of payment services. Will payments of tomorrow come from the established players or leap across industry boundaries as technology marches forward? More than just a survey of emerging payment technologies, this talk will ask attendees to join us on a journey through the retail experience of tomorrow.
Jay's session is on Thursday, August 11, at 3:15 PM.

Update on GE Consumer Finance

David Nissen, President and CEO, GE Consumer Finance, and his team hosted an investor meeting last week to provide an update on GE Consumer Finance. A webcast and a copy of the presentation (PDF) are available on the GE web site.

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Experian-Gallup Personal Credit Index Shows 18 Percent of Consumers Report Being Victims of Identity Theft

Experian and the Gallup Organization have announced the latest Experian-Gallup Personal Credit Index finding that 18 percent of consumers report being victims of identity theft. Younger adults areat greatest risk, with 25 percent of consumers under age 30 reporting having their financial information stolen.

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PayPal's Goal: The Global Standard for Online Payments

Mickey Alam Khan reports on PayPal CEO Jeff Jordan's presentation to Etail 2005.

Nearly 10 percent of all U.S. e-commerce is funneled through PayPal, according to Jordan. One out of seven transactions crosses national boundaries. Consumers in more than 40 countries send PayPal, and those in more than 20 countries receive this currency.

"Our goal," he said, "is to be the global standard for online payments."

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Banks Question Gartner's ATM/Debit Card Fraud Report

Some bankers are questioning the ATM/debit card fraud report issued yesterday by Gartner's Avivah Litan that estimated $2.75 billion in fraud losses in the last 12 months.

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