Discover Financial Services has announced the launch of a mobile payments and account management trial that enables participants to check their Discover Card account balances, review payment history, and make purchases using their mobile phones in place of a traditional plastic credit card. According to the company, the pilot project is being conducted by Discover Network, a division of Discover Financial Services, and Motorola, and involves up to 1,000 participants with Discover Card accounts and multiple merchants in the Chicago and Salt Lake City areas.   » Continue Reading

Alliance Data has filed an updated investor presentation with the SEC that emphasizes the growth focus on its loyalty businesses.

CheckFree Corporation has announced it has entered into a definitive agreement to purchase Corillian Corporation, a provider of Internet banking software and services, for a purchase price of about $245 million.   » Continue Reading

ID Analytics has announced the results of analytical research on U.S. identity fraud by geography. The new research, with the company saying this is the first ever research to be based on actual and attempted frauds rather than on consumer victim reports. The results show that the states with the highest rates of identity fraud are New York and the Western states of California, Nevada and Arizona, while the states with the lowest rates of identity fraud are Wyoming, Vermont and Montana.   » Continue Reading

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