Joe Bel Bruno, AP Business Writer, reports on MasterCard's debut day on the New York Stock Exchange where its shares rose $7, or almost 18 percent, to close at $46.

Last week, David Evans of Market Platform Dynamics gave a keynote at Card Forum titled "Gen X and Y: Path to the Future or Distinction Without a Difference" (PDF). Based upon his proprietary research, he appears skeptical about the whether they'll want to use their mobile phones to make purchases and suggests concerns about security may keep them from trying contactless devices. He also says that with respect to issuers being challenged by receivables growth, "young people today revolve much less than young people a decade ago."

Glenbrook partner Carol Coye Benson spoke today with Mary Anne Keegan, SVP Marketing & Communications of the newly formed Early Warning Services, LLC, to learn more about the company announced earlier this week.

TSYS and Wachovia have announced a long term agreement for TSYS to provide core-processing and other related services in support of Wachovia's re-entry into the consumer credit-card line of business.

As part of a bigger strategic relationship between eBay and Yahoo! announced this morning, Yahoo! has announced that is has selected PayPal to become the "exclusive third-party provider of its online wallet -- allowing customers to pay for Yahoo! services from bank accounts, credit cards or balances associated with their PayPal accounts."

Barclays has announced it is launching a "new online anti-fraud initiative and becoming the first bank to offer free anti-virus software to its customers. Customers will also be offered an innovative text message service notifying them of new payees on their online account, helping to cut occurrences of fraud attacks."

Daniel Wolfe writes for the American Banker (subscription required) about PayPal's new PayPal Plus MasterCard issued by GE Consumer Finance.

Robin Sidel writes for the Wall St. Journal about the difficulties credit card issuers are experiencing as consumers are continuing to pay off bigger portions of their outstanding credit card loans.

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