NACHA has announced a new web site - www.electronicpayments.org - designed to be a resource for NACHA members to use to educate and inform consumers about Direct Deposit, Direct Payment and Check Conversion - ACH applications that NACHA says "provide safe and secure consumer payments, improve business and financial institution process and profitability, and strengthen our nation's payment system."

OCC Chief Counsel Julie Williams has spoken out in a speech delivered today to the 2006 Banking Institute (PDF) on her views regarding the current state of financial industry consumer disclosures.   » Continue Reading

TransUnion has announced it will be integrating the ID Analytics ID Score into its Fraud and Identity Management Services.   » Continue Reading

Palo Alto-based Obopay this morning is announcing what it calls the "first complete mobile payment service ever offered in the United States" saying that it will be "a milestone in a transformation in financial services that will make the mobile phone the central device consumers use to make purchases and share money."   » Continue Reading

Mercator Advisory Group has announced a new report examining the debit card reward programs titled "Setting Goals For Debit Reward Programs: Balancing Revenue Goals and Brand Loyalty".   » Continue Reading

Lara Wozniak writes for FinanceAsia.com about a significant increase in charge off rates on credit cards issued in Taiwan.   » Continue Reading

Jeremy Reimer writes for ArsTechnica about the kinds of rewards credit cards that online gamers want to use - where the rewards associated with the cards extend into the virtual worlds of their favorite online games such as World of Warcraft and Second Life.

The Winston-Salem Journal carries an AP story about card acceptance is rapidly increasing among landlords who are enabling their renters to pay monthly rent via credit and debit cards.   » Continue Reading

• Wells Fargo Creates Environmental Advisory Board
• HSA Bank Announces Relationship With Transamerica Financial Advisors, Inc.
• Scotiabank appoints Alberta G. Cefis to head Global Transaction Banking
• CNN Money: Banks' obsession with China may be overblown
• EFMA Product Management Conference programme - Barcelona on 8 - 9 June
• Yahoo Japan to take Web bank stake
• Boston Globe: Could the future of Internet gambling in the US lie in Antigua?
• Money expert offers tips at summit - National columnist Michelle Singletary covers ‘four pillars of prosperity’
• Chicago Tribune: Debt stands in the way of your life
• Canadian Banks Need to Embrace Change More Than Ever: PricewaterhouseCoopers Annual Banking Survey
• India: Co-branded credit cards gaining popularity
• eBay China unit forms alliance with major retailer
• UK: Consumer credit surges
• Beware Of Credit Cards Promising No Late Fees
• New Zealand: Cash machine 'skimmers' steal thousands
• New Web Site Offers Free Analysis to Find the Best Rates for Credit Card Merchant Account Processing
• Diamond I, Inc. Acquires Patent-Pending Voice-Recognition Biometric Technology

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