eCommLink and issuer First Bank & Trust in Brookings, South Dakota have announced a partnership with mCASH and its technical arm telSPACE, a mobile virtual network enabler (MVNE), to create a mobile phone and branded virtual payment card solution for wireless carriers, banks and merchants.   » Continue Reading

American Express has begun marketing two new corporate purchasing solutions as part of its expanding S2S (Source-to-Settle) product suite. The company has announced S2S Contract Audit & Recovery and S2S Catalog Pro, which it says are "designed to help companies optimize performance, drive savings and increase control and compliance in their supply chains."   » Continue Reading

Business Week takes a look at mobile banking and payments - including Citibank's pilot with Obopay, PayPal Mobile, Firethorn and First Data's efforts including last week's investment in VIVOtech.

MarketingWeek in the UK reports on plans by MasterCard and RBS to roll-out contactless cards in London later this year.

The Federal Reserve released its latest monthly G.19 Consumer Credit statistics yesterday showing that US consumer revolving debt (primarily credit card-related) great at an annual pace of 9.2 percent to $888.2 billion.

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