eBay reported third quarter 2007 financial results earlier today - saying that "PayPal posted another excellent quarter of Total Payment Volume (TPV) and revenue growth, primarily driven by its Merchant Services business, with acceleration in both."

PayPal net revenues totaled $470 million in Q3-07, a growth rate of 35% over the prior year. PayPal's total payment volume (TPV) was $12.22 billion in Q3-07, up 34% from Q3-06. PayPal Merchant Services contributed $5.38 billion globally
to the $12.22 billion in global TPV in Q3-07, representing a year-over-year increase of 61% .

PayPal had 164 million total accounts at the end of Q3-07, a 34% increase from the 122.5 million reported at the end of Q3-06 and almost 11 million from the prior quarter. Of that number of total accounts, 37.5 million were active in the quarter, up 21% from Q3-06.

PayPal reported a transaction revenue rate of 3.67% for the quarter, a transaction expense rate of 1.15% and a transaction loss rate of 0.26%.

Bryan Johnson blogs on the Braintree Payment Solutions blogs about PCI compliance and the potential cost of a data security breach involving payment card information.

MasterCard has announced the launch of World MasterCard for Business - calling it "a premium payment card that provides high-spending small businesses with more spending power, superior customer service and enhanced rewards." Chase Card Services is the first credit card issuer to introduce MasterCard World for Business cards.

Chase Card Services has announced what it is calling "the first-ever MasterCard World for Business credit cards" with the introduction of the new Continental Airlines World MasterCard for Business and the GM Business Card World MasterCard. The new GM card will include blink, Chase's contactless payment feature.

In much of the work that we do, we're fascinated how often the notion of market segmentation emerges as a dominant theme. Dave Birch blogs about that idea, Clayton Christensen and more in his post about how a "one size, fits all" approach to thinking about card payments "might be rather old-fashioned."

JP Morgan Chase has announced its financial results for 3Q07 . For its card services unit, it reported average outstandings up 5%, charge volume growth of 3%, revenue up 6% and net income up 11%. Chase reported a net charge-off rate of 3.64% and also said that it expected credit card losses to return to normalized levels in the 4.00% - 4.50% range by the end of 2008.

The Mobile Payment Forum has announced it will hold its Fall Members Meeting October 23-24, 2007 at The Marriott Chateau Champlain in Montreal, Quebec, Canada.

• Global Payments Completes Integration of Discover Network Card Acceptance for Merchants
• Serebra Launches Prepaid Mastercard(R) Cardglobal Payment Solution for Serebra Connect(TM)
• Direct Marketing Educational Foundation Presents Edward N. Mayer Educational Leadership Award to Tim Litle
• SmartPay Wins Best Mobile Payment Golden Olive Award
• Mercury Payment Systems and Datacap Systems, Inc. Release Integrated Payment Processing Solutions for Cash Registers
• Experian's ChoiceScore(SM) Helps Direct Marketers Strategically Reach Rich Pool of Under-Marketed Consumers
• Bloomberg.com: KKR Bankers Sell $2.2 Billion of First Data Bonds