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Here's a brief update on Glenbrook's Payments Boot Camp education program. This week's session in New York City has been completely sold out. The next Payments Boot Camp session is scheduled for Santa Clara, California on June 11-12. Registration for the June session is now open. If you can't make the June session, the next Payments Boot Camp will be held October 15-16, 2008 in Santa Clara.
Last Thursday, in a post titled 'Innovation in Payments - A Survey of Experts', I mentioned a survey of global payments 'experts' conducted by our good friend John Chaplin on questions about the innovation in payments. If you'd like a copy of John's survey findings, please email me and I'll get a copy out to you.
TSYS Acquiring Solutions has announced 'a partnership agreement with Royal Group Services designed to protect merchants, acquirers and independent sales agents (ISOs) from expenses resulting from a suspected or actual credit card data breach.' READ MORE »
Citi, the world's largest provider of credit cards, has announced the launch of its EcoSweepstakes, "a promotion to encourage customers to go paperless. Every time cardmembers enroll in one of Citi's convenient online account management services or perform eligible activities, they are automatically entered to win great green prizes, including a Brand new hybrid car or a green home makeover." READ MORE »
NACHA has announced that its "Electronic Billing Information Delivery Service (EBIDS), which speeds up the ability of consumers to receive electronic bills (eBills) at the online provider of their choice, recently began operation. The first transaction was the presentment and payment of a Verizon bill. Verizon is one of the founding participants of EBIDS." READ MORE »
Merchant Link has announced results of a survey on credit card security and PCI compliance among attendees of the recently completed 2008 Multi-Unit Restaurant Technology Conference (MURTEC 2008) finding that "corporate reputation and customer concerns regarding the security of their data are the primary worries in the hospitality industry in terms of credit card use among restaurants of all sizes and styles." READ MORE »
AdvanceMe, a provider of merchant cash advances for small and mid-sized businesses, has announced a milestone with RBS Lynk delivering almost $15 million in working capital to the RBS Lynk customer base over the last six months. Through a referral relationship, RBS Lynk expanded its product portfolio to include AdvanceMe's Merchant Cash Advance product, helping clients' access capital quickly, despite tightening credit markets. READ MORE »
In an article title 'Where WaMu went wrong', Seattle Times business reporter Drew DeSilver takes a look at Washington Mutual before its annual shareholder meeting tomorrow in Seattle. He writes: 'Billions of dollars in tarnished debt sit festering on WaMu's books. The stock is down 71 percent over the past year, thousands of employees have been laid off, and just last week WaMu effectively sold half of itself to an investor group at a bargain-basement price.'
Nancy Trejos writes for the Washington Post about college students and credit cards: "Decades ago, it wasn't until one had a career, a spouse, even a child that credit cards typically entered the picture. Now, once people turn 18, they are bombarded with credit card offers. College campuses have become breeding grounds for new consumers of credit, with companies using free T-shirts, sandwiches, even iPods to entice potential customers."
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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