The Mobile Payment Forum has announced its incoming Board of Directors for the 2006 – 2008 term of office: Martin Harrison, First Data International; Simon Pugh, MasterCard; Christopher J. Bierbaum, Sprint Nextel; Bob Adamany, VeriSign; Stephanie Ericksen, Visa International; and Oliver Kelly, Vodafone.   » Continue Reading

In an Op Ed piece in today's New York Times titled "Banks Gone Wild", Joe Lee and Thomas Parrish write about how credit card issuers are seeking “revolvers” - people "who are likely to pay little more than the monthly minimum — and who eventually find themselves in thrall to mushrooming interest payments, abundantly garnished with late fees." They go on to ask whether anyone can afford to pay debts charged a 30 percent interest rate?