Visa Inc. has filed a Form 10-K Annual Report with the SEC as well as the first amendment to its previously filed Form S-1 Registration Statement.   » Continue Reading

According to Chase Paymentech, Americans rushed to the web on Tuesday, Dec. 18 to complete their 2007 online holiday shopping as Christmas delivery deadlines loomed, resulting in a single-day Chase Paymentech Pulse Index high of $169 million in sales and more than 3 million orders. This notable sales spike is more than 42 percent higher than Friday, December 15th, the peak Pulse Index shopping day in 2006.   » Continue Reading

Amazon.com has introduced another new web services offering - this one called DevPay. "This new service allows entrepreneurial developers to wrap their own business models around Amazon S3 and Amazon EC2, taking advantage of Amazon's existing customer base and billing infrastructure. With DevPay, developers can focus on being creative and innovative while dispatching the less-than-glamorous aspects of dealing with bank accounts, credit cards, and so forth to us."

Romina Abal of Edgar, Dunn & Company has published a new article titled "Rich Opportunity in the Unbanked Segment" . "New and unique data from the PaymentDynamicsSM 2007 Preferred Payments Study shows that the conven- tional wisdom regarding the unbanked is overly simplistic at best, and in many ways, simply inaccurate. For instance, many financial institutions may be sur- prised to learn that more than half of the unbanked have attended college, or that only a third of them are rated as having sub-prime credit scores."

TSYS has announced that China UnionPay Data Services Co., Ltd. (“CUP Data”), TSYS’ joint venture with China UnionPay (“CUP”), has successfully completed a bankcard conversion for Shanghai Pudong Development Bank (“SPDB”), one of the largest joint-stock commercial banks in China.   » Continue Reading

• EastPay to Offer New Blue Ocean Payments Strategy Service
• New Javelin Report: Identity Fraud Protection Services: Double Digit Growth to Continue, Yet Confusion and Usability Issues Threaten Market Share
• WSJ: Discover, in Logging Loss, Girds for More Credit Hits
• Video: Mint.com Money Management Makes Holiday and New Year's Budgeting Easy
• PayPal: Avoiding Phishing Emails with Iconix
• NetEconomy and FircoSoft Join Forces to Tackle Financial Crime
• AP via Business Week: Gift cards continue to surge
• Boston Globe: For TJX, a store of consumer loyalty
• Mercator Advisory Group Payments Industry M&A Report - Q3 2007
• NetDeposit Reaches Electronic Check Archiving Agreement With DataTreasury