MSN Money tonight has posted an FT.com story covering comments made Visa EU's Hans van der Velde that reports he dismissed suggestions that Visa should follow MasterCard with an initial public offering.

"The association model is very much in our DNA. To change that would be very difficult," he said in an interview with the Financial Times. "If you change your structure for litigation or regulatory reasons, it seems you don't have a good reason to do it."

Attention merchants: claim forms have recently been mailed regarding the Visa Check/MasterMoney Antitrust Litigation that was settled in April 2003.

Merchants who are in the class -- defined as "all businesses and organizations in the United States that accepted Visa and MasterCard debit and credit cards for payment at any time during the period October 25, 1992 to June 21, 2003" -- must complete claim forms to participate in the settlement proceeds. To be eligible for participation, all claim forms must be postmarked no later than November 28, 2005.

The Canadian Bankers Association has announced that Canadians will now receive enhanced information and a guaranteed response time when they report unauthorized or fraudulent debit card transactions to their bank.