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« March 26, 2007 | Main | March 28, 2007 »

March 27, 2007

Bank of England Launches New Adam Smith £20 Banknote

Tags » Banking Industry

The BBC reports on a new £20 note featuring a portrait of Scottish economist Adam Smith that is being introduced by the Bank of England. The new note includes a number of security features - including the following comment: "some unpublicised "covert features" are designed to further deter counterfeiters."

Chase, United Airlines Award Double Miles for Tax Season

Tags » Card Reward Programs, Chase Card Services

United and Chase Card Services have announced a program offering United Mileage Plus Visa cardmembers double miles for every eligible dollar spent when they use their card to pay their personal (or quarterly estimated) federal income tax, or when they pay their state or property tax between March 1 and May 25, 2007.   » Continue Reading

Paypal Asking E-Mail Services to Block Unsigned Messages

Tags » PayPal, Phishing

Jeremy Kirk reports for Network World that PayPal is working on persuading email providers to block email messages appearing to come from PayPal that don't contain digital signatures - in an effort to try to reduce phishing attacks.

Travelex To Acquire Ruesch International

Tags » Commercial Payments, Remittances

Reuters is reporting that Travelex is acquiring business-to-business payments provider Reusch International for $440 million and merging it into Travelex's Commercial Foreign Exchange division.

Visa Commercial Survey - Companies Reducing Check Use In Favor of Cards

Tags » Commercial Cards, Commercial Payments, Visa

Visa has released results from a new global survey finding about 25 percent of companies plan to increase their use of corporate payment cards and decrease their reliance on checks in the near future. According to Visa, these companies "believe that corporate payment cards will reduce costs and enable greater cash flow management as a result of more transparent financial data for payables and receivables."   » Continue Reading

Kyocera, Visa Demonstrate Mobile Payments Using NFC at CTIA

Tags » Mobile Payments, Near Field Communication (NFC), Visa

At the CTIA show this week, Kyocera Wireless says it will be demonstrating several solutions that "deliver on the promise of next-generation wireless technologies to enable a variety of mobile consumer applications. Kyocera Wireless and Visa International are demonstrating mobile payments utilizing NFC technology, essentially turning a mobile phone into a Visa payment solution using the Visa mobile platform."   » Continue Reading

VIVOtech, Mobile Candy Dish Partner on NFC Mobile Payments

Tags » Contactless Payments, Mobile Payments, Near Field Communication (NFC), Vivotech

ViVOtech has partnered with Mobile Candy Dish to "provide consumers a complete end-to-end mobile commerce platform" by combining ViVOwallet OTA and NFC mobile payment software and the Mobile Candy Dish Blaze suite of mobile services. With the combined offering, the two companies say "consumers can use their mobile phone to get movie information and pay for tickets using any form of credit, debit or gift card, as well as to redeem theater tickets electronically without any delays at the venue by using the ViVOtech contactless readers."   » Continue Reading

Obopay Launches M-Commerce Solution for Mobile Merchants

Tags » Mobile Payments, Obopay

Obopay has announced the launch of an m-commerce payment solution for mobile merchants and application providers that are looking to engage consumers via their mobile phones.   » Continue Reading

Cyveillance Publishes Online Financial Fraud and Identity Theft Report

Tags » Identity Theft, Phishing

Cyveillance has announced availability of a report titled “Online Financial Fraud and Identity Theft” (PDF) that highlights the growth of Internet attacks and identifies the industries most at risk.   » Continue Reading

AT&T, Firethorn Announce Mobile Banking with Wachovia, Regions, SunTrust

Tags » Firethorn, Mobile Banking

AT&T and Firethorn have announced that Wachovia, Regions and SunTrust Banks have selected Firethorn's mobile banking and payments solution to provide their customers with anytime, anywhere access to their financial information and transactions capabilities.   » Continue Reading

Metavante, Monitise Plan Mobile Payments System for North America

Tags » Metavante, Mobile Payments, Monitise

Metavante has announced the "signing of a memorandum of understanding to form a joint venture with Monitise, a European provider of secure mobile banking and payments capability, to operate a mobile payments system in the United States."   » Continue Reading

Headline News - March 27, 2007

Tags » Payments News - Headline News

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers looking to hire payments professionals can post their job openings there as well.

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