We received the following Ask Glenbrook question earlier today:

I had a question about recent moves by many card issuers to actively promote debit cards in response to the growing consumer (and merchant) preference for debit card payments. It seems that increasingly the more profitable credit card payments volume will get supplanted by less profitable debit card processing business. How are the acquirers reacting to this?

Last week, MasterCard Europe announced several initiatives regarding pricing, interchange, processing and product intended to enable European banks to deliver the Single European Payments Area (SEPA) beginning in January 2008.

David Lazarus reports for the San Francisco Chronicle on changes made this week by Well Fargo Bank to its online banking service that included requiring some customers to consent to a revised online access agreement.

Caroline Mayer reports for the Washington Post the consumers are rankled by some of the difficulties, charges and rules associated with using MasterCard, Visa or American Express-branded gift cards.

The AP reports that American Express has temporarily suspended issuance of credit cards in Taiwan citing a rise in defaults.

Note: Throughout the day, as Payments News happens, this post is updated.

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