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April 26, 2007

First Data, JP Morgan Chase and KKR

Tags » First Data Corp., JP Morgan Chase  » Comments (0)

Michael Flaherty reports for Reuters about "a chill on relations between JPMorgan and Kohlberg Kravis Roberts & Co." related to KKR's plan to acquire First Data Corp.

Banking Away From Banks - A Look at Remote Deposit Capture

Tags » Check Conversion, Checking Accounts, Remote Deposit Capture  » Comments (0)

Péralte C. Paul writes for the Atlanta Journal-Constitution about remote deposit capture. The article includes a nifty graphic explaining the process.

Cerner Selects First Data, UMB for Health Plan ID and Payment Card

Tags » First Data Corp., Healthcare Payments  » Comments (0)

Cerner Corp. has announced the launch of combined health plan ID and payment cards that include a fully integrated line of credit for healthcare consumers. Cerner has selected First Data Healthcare Services, part of First Data Corp., and UMB Healthcare Services, a division of UMB Financial Corporation to provide support for the program.

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Wells Fargo Launches Small Business Webcast Series

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Wells Fargo has announced it will begin providing advice and solutions to small business owners through a new small business webcast series. "Airing May 1, 2007, the Protecting Your Business webcast kicks off the company's Small Business Appreciation Month. The interactive webcast will feature leading industry experts who will offer relevant and practical advice for small business owners on protecting the physical and virtual assets of their businesses."

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House Subcommittee Holds Hearing On Credit Card Practices

Tags » Credit Cards  » Comments (0)

The House Subcommittee on Financial Institutions and Consumer Credit is holding a hearing today titled "Credit Card Practices: Current Consumer and Regulatory Issues". Witnesses at today's hearing include: Ms. Cindy Zeldin, Federal Affairs Coordinator, Economic Opportunity Programs, Demos: A Network for Ideas & Action; Mr. Arthur E. Wilmarth, Jr., Professor of Law, George Washington University Law School; Mr. Edward L. Yingling, President and CEO, American Bankers Association; Mr. Todd J. Zywicki, Professor of Law, George Mason University Law School; Mr. Oliver I. Ireland, Morrison and Foerster LLP; Ms. Linda Sherry, Director, National Priorities, Consumer Action.

A Look At Debit Card Authorization Holds

Tags » Debit Cards  » Comments (0)

Janet Forgrieve writes for the Rocky Mountain News about debit card authorization holds, saying that "the details surrounding them can be confusing - even for the retailers and bankers who control them. First of all, retailers set the amount, but the card-issuing banks determine how long a hold stays on. Second, the rules seem to vary between retailers, bankers, types of cards and even types of transactions."

MasterCard Files Proxy Statement

Tags » MasterCard  » Comments (0)

In preparation for its annual meeting on June 7, MasterCard has filed a proxy statement with the SEC containing details about its executive and director compensation, board members, etc. The statement shows that MasterCard's President and CEO Robert W. Selander received total compensation in 2006 of $15,328,763.

Headline News - April 26, 2007

Tags » Payments News - Headline News  » Comments (0)

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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