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« February 22, 2008 | Main | February 26, 2008 »

February 25, 2008

Bailing Out the Banks

Tags » Visa, Visa IPO

Floyd Norris, chief financial correspondent of the New York Times, posts about the Visa IPO - asking how much of the Visa IPO proceeds will stay in Visa to help the company grow?

Meta Payment Systems Introduces iAdvance Credit Alternative

Tags » AccountNow, MetaBank, Prepaid Cards and Stored Value Cards, Unbanked

Meta Payments Systems has announced "the iAdvance Line of Credit for the millions of Americans who are unable to access affordable, small dollar credit."   » Continue Reading

Bankrate.com Surveys Attitudes Towards Consumer Debt

Tags » Consumer Debt, Credit Card Debt Counseling

Bankrate.com has published findings from a national poll of 1,014 consumers that examined attitudes toward consumer debt. Among the findings, "66 percent of Americans say debt is often the result of unfortunate circumstances beyond a person's control, while 60 percent say it is usually the result of bad decisions."

A Look at the Use of Alternative Payments for eCommerce Purchases

Tags » ECommerce Payments

Edgar, Dunn recently commissioned an independent online survey of 700 individuals in the United States who made Internet purchases during the 2007 end-of-year gift shopping season, and the results revealed a significant shift in consumer use of these types of "alternative forms of payment". A new Insight article by Pascal Burg explores some of the implications of this shift to key stakeholders including alternative payment providers, traditional payment providers, merchants, and consumers. Almost a third of survey respondents used PayPal, Bill Me Later or Google Checkout to make an online purchase during the 2007 end-of-year gift shopping season.

Banking in the AIR?

Tags » Online Banking

In an article titled 'Adobe Blurs Line Between PC and Web', John Markoff writes for the New York Times about the rich Internet application environment released today by Adobe: Adobe AIR. Adobe's list of showcase AIR applications doesn't yet include any from banks or other financial services companies.

Wells Fargo Offers New Online Foreign Exchange Resources

Tags » Commercial Payments, Remittances, Wells Fargo

Wells Fargo has announced that it has "extended its Foreign Exchange Online service to small businesses. This service allows businesses to send and receive foreign currency wires in more than 90 currencies using an internet connection."   » Continue Reading

Visa Inc. Updates SEC Filings

Tags » Visa, Visa IPO

Visa Inc. has filed with the SEC Amendment No. 4 to its Form S-1 Registration Statement along with an amended Form 10-K for the fiscal year ended September 30, 2007. The amended S-1 indicates Visa plans to sell up to 46,600,000 shares of Class A common stock at a proposed maximum offering price of $42 per share raising $18.757 billion. Andrew Edwards writes for the Wall St. Journal that Visa's IPO could be the largest in US history.

Headline News - February 25, 2008

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.

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