MasterCard has reported results for the third quarter with gross dollar volume on MasterCard-branded cards up 12.5 percent from the same quarter last year to 4.9 billion transactions and $424.4 billion.

“The strength of the MasterCard brand, and our portfolio of innovative payment solutions, continue to resonate around the globe, as illustrated by our operating performance this quarter,” said Alan Heuer, MasterCard's chief operating officer.

Details are provided in MasterCard's latest 8-K filing with the SEC.

Jonathan Stempel reports for Reuters on plans by GE's consumer finance unit to provide outsourced credit card services to banks.

"The agent bank space has always been considered a logical next step," said Scott Young, a senior vice president in GE's consumer finance unit, in an interview. "About a year ago, we started thinking more seriously about it once we had our retail co-branding relationships in place. Now that a number of those launches are behind us, we felt we were ready."

Peppercoin has announced the completion of a $10 million second institutional round of funding with an additional $2 million investment from Total Technology Ventures. The round was led by venture capital firm Wall Street Technology Partners and includes previous investor Pod Holding and a large, Boston-based institutional investment adviser and several private individuals.

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AuctionBytes reports on eBay's promotion of PayPal Buyer Credit.

eBay said when buyers use PayPal Buyer Credit for purchases of more than $50, they will "make no payments for 3 to 12 months and pay no interest if paid in 3 to 12 months"

More details about the promotion are available on the eBay PayPal Buyer Credit Promotion page. PayPal offers Buyer Credit in partnership with GE Money Bank.

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• Chicago Fed Launches Economic Education Blog
• Expanding The Reach of Accounts Payable Automation: Xign
• Visa Spotlights Snowboarding Superstar Lindsey Jacobellis in Olympic-Themed Commercial; Visa Features World Champion To Highlight Check Card Security Protection
• Diebold Launches First-of-Its-Kind, Consumer ATM Security Web Site
• New Cyber Safety Web Site Educates Consumers of Phishing, Pharming, Spam and Other Online Risks
• Special Committee of Ipayment, Inc. Receives $43 Proposal from CEO Gregory S. Daily to Acquire Company
• Americans for Consumer Education and Competition (ACEC) Call on Payment Card Companies to Protect Consumers From Merchant Penalties During Season of Spending
• Biometrics firm Privaris gets funding
• PaymentOne Among Inc. 500 Fastest Growing Private Companies
• NACHA Approves Rules for Identification of Business Checks Ineligible for Conversion
• Experian-Gallup Survey Shows Consumers Expect to Spend Less This Holiday Season
• Visa International Renews Rugby World Cup Partnership

Note: This posting is updated regularly throughout the day.