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May 31, 2006

Coming Attractions: PayPal Radio

No, not PayPal Mobile - PayPal Radio. Jason Miner, a long-time PayPal employee, is starting a new streaming radio show premiering live at eBay Live 2006 on Tuesday June 13th.

A friend writes: "Does this mean we can look forward to Bill Me Later Radio? Why not Visa Radio with individual shows devoted to the various card products? Maybe they can even get issuers to act as sponsors?" How about MasterCard TV? Now, wouldn't that be priceless?

Falcon One for Online Access

Fair Isaac has announced the release of Falcon One for Online Access, a real-time, multi-factor authentication solution that the company says "uses industry-leading fraud analytics to provide maximum online fraud detection with minimal customer impact."

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Fed Adjusts To Declining Check Volumes

The Federal Reserve Banks have announced changes to their check operations as consumers and businesses continue the shift from using paper checks toward electronic payments.

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Obopay Developing BREW Extension to Enable Mobile Payments

Obopay has announced that it will enable a new phone payment option for online retailers and BREW mobile application providers that provides merchants an easy and low-cost way to process mobile payment transactions and enables consumers to easily initiate purchases from their mobile phones with a simple touch of the keypad.

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Metavante's MBI Benefits Card Enhanced

Metavante has announced that its healthcare benefit debit card, the MBI Benefits Card, is the first and only card and authorization system in the payments industry to authorize healthcare purchases against a health reimbursement arrangement (HRA) maximum in real time at the individual and family level.

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Underbanked Financial Services Market Exceeds $10 Billion

The "unbanked" and financially underserved population is making its mark in the economy in a market segment that now exceeds $10 billion, according to data compiled by Phoenix ESP Payments Research Group. Phoenix reports that although this below-the-radar group may not be using credit cards to make purchases, many are turning to pre-paid cards instead, fueling an opportunity for financial services firms and retailers.

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UK: HMV, Digital Rum Launch Txt2Buy Mobile Payments

In the UK, HMV and Digital Rum have announced a new mobile service that enables music, film fans and gamers to Txt2Buy CDs, DVDs and Games directly from their mobile phones. "The new Txt2Buy service allows consumers to respond immediately to HMV adverts appearing in the national and lifestyle press, using their credit/debit cards to buy products 'on the move' in a simple three step process over the mobile internet."

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Discounts For Cash Payments For Gas - A New Trend?

Barbara Hagenbaugh reports for USA TODAY on why some gasoline retailers are again offering discounts for payment in cash vs. cards.

FSTC Concludes Phase I of Better Mutual Authentication Project

The Financial Services Technology Consortium (FSTC) has announced the conclusion of phase I of its Better Mutual Authentication (BMA) Project, part of an on-going effort to secure access to customer accounts and combat fraud across the financial services industry.

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Visa Spotlights Payment Card Incentive Programs

Visa International is showcasing how its government partnerships have significantly contributed to the realization of economic development goals for emerging and industrialized nations around the world at the 8th annual Visa International Government Services Conference in Buenos Aires.

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