At Glenbrook, we've put together a preliminary comparison table that compares a number of the attributes of PayPal Mobile, Obopay and TextPayMe. It will probably need to be updated after PayPal officially announces PayPal Mobile tomorrow - and we'd like to remind you again that we said this comparison table was preliminary or, as Google would say, it's in beta. We certainly haven't had time to "make it pretty" either! Comments/corrections/feedback appreciated! Click here to view the table.

Mylene Mangalindan reports for the Wall St. Journal that PayPal will formally introduce its mobile payment service tomorrow as PayPal President Jeff Jordan delivers a keynote address to the CTIA Wireless 2006 conference.

Bloomberg reports on recent experience by HSBC and Citigroup in China where only 2 percent of cardholders frequently revolve an outstanding balance on their credit cards.

Royal Philips Electronics and Visa International have released the results of a new usability study of Near Field Communication (NFC) and contactless payment technology concluding that consumers like the convenience, ease of use and "coolness" of making transactions with their mobile phones.

Giesecke & Devrient (G&D) and MasterCard International have announced the launch of "the world's first full-scale over-the-air (OTA) secure personalization payment solution for mobile phone-based payments."

Online bill management provider Billeo has announced that it has secured $4 million in Series A funding from Altos Ventures, Claremont Creek Ventures, and Pacifica Fund.

ABN AMRO and First Data have announced they are teaming up to provide global merchants with a one-stop solution for card transactions in international markets and major currencies in a five-year merchant acquiring and processing relationship.

PreCash has announced it has signed a joint venture agreement to form China eCash to provide prepaid replenishment to markets including the Chinese mobile communications market.

The UK's Office of Fair Trading (OFT) has concluded that credit card default charges in the UK "have generally been set at a significantly higher level than is legally fair." The OFT estimates that this has led to unlawful penalty charges by card issuers on UK consumers in excess of £300 million a year.

Martyn Williams writes for Digital World Tokyo about yesterday's announcement by NTT DoCoMo of its new DCMX mobile credit card / mobile payments service.

In an article titled 'Need Cash? Call a Hedge Fund," Rebecca Buckman writes for the Wall St. journal about Pay By Touch's two most recent financings - raising $190 million - where the money came not from venture capitalists but primarily from hedge funds.

Yvette Armendariz writes for the Arizona Republic about new ways to send remittances including one introduced Tuesday by Stored Value Cards Inc. called the Futura Maestro Prepaid Debit Card, issued by MetaBank under license from MasterCard.

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