Tags » p2p - Person to Person Lending, Prosper
Prosper.com has updated its People-to-People Lending Market Survey to reflect results through the end of September. In September, $5.4 million in loans were funded at an average loan size of $7,175. Over average over the month, 2,298 borrowers were looking for loans. A market commentary by CEO Chris Larson addressed the question of whether the Prosper lending marketplace anticipated the Fed's recent 50 basis point cut in interest rates.
Tags » American Express, Card Issuers, Credit Cards
J.D. Power and Associates has announced the results of its 2007 Credit Card Satisfaction Study - finding that American Express ranks highest among credit card issuers in overall customer satisfaction followed closely by Discover.
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Tags » Check Conversion, Checking Accounts, Merchant Acquirers, Remote Deposit Capture
Heartland Payment Systems has launched Heartland Express Funds, a bank-neutral remote deposit capture system. "Express Funds allows businesses to electronically deposit checks into bank accounts without physically transporting them to the bank – regardless of which bank or banks the business uses. Eliminating floats and holds, funds are available within 24 hours, and, in many cases, by the next-business morning."
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Tags » Bill Payment, Western Union, Yodlee
Western Union and Yodlee have announced a program that the two companies says is "the first ever capable of linking financial institutions' online bill-payment services directly to Western Union's thousands of billers. These payment capabilities are featured in Yodlee's new BillPay PayItAll solution."
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Tags » Contactless Payments, Payments Blogs
On the Digital Money Forum blog, Consult Hyperion's Dave Birch writes about "Where next for UK Cards?" and muses about the issues - security, privacy, disabling a FOB, etc - associated with contactless payments.
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.