Payments News - Weekly Wrap - April 26, 2008
Here's a review of this week's top stories on Payments News. If you missed it, last week's Weekly Wrap is here.
- Conferences
- Glenbrook's Scott Loftesness attended this week's Digital Money Forum in London. Scott had a great time in London and posted a number of articles from the Forum.
- First Quarter 2008 Financial Results
- Bank of America reported first quarter results including announcing it has 840,000 mobile banking subscribers and 8 million customers enrolled in the Keep the Change program. (See more Bank of America news.)
- American Express reported first quarter financial results. (See more American Express news.)
- Contactless Payments News
- Javelin Strategy & Research has released a new report titled 'Contactless Strategy & Forecast'. (See more Contactless Payments news.)
- Eco-Friendly Payments
- Wells Fargo announced several Earth Day 2008 initiatives. (See more Wells Fargo news.)
- Fiserv and SunTrust announced a program to incent customers to migrate to electronic bill paymet. (See more Fiserv and SunTrust news.)
- Gift Card News
- More merchants followed Kroger's lead last week and announced incentives to get consumers to cash their economic stimulus checks into merchant-specific gift cards (See more Gift Card news.)
- Legal and Regulatory News
- The Reserve Bank of Australia released preliminary conclusions from its 2007/08 review of the payments system reforms undertaken by the Payments System Board.
- The Federal Reserve Bank of Boston updated its Consumer Payments Research Reference Guide. Marianne Crowe, Vice President, Emerging Payments Research Group, at the Federal Reserve Bank of Boston, gave a presentation last week titled "Emerging Payments - The Changing Landscape".
- UK banks lost a court case challenging overdraft fees on checking accounts.
- The Reserve Bank of India published preliminary plans to require payments companies to register and be authorized to provide services in India.
- The Second U.S. Circuit Court of Appeals reinstated a class-action lawsuit against a group of banks that force their credit card customers to use arbitration instead of the courts for settling disputes.
- Mobile Payments News
- PayPal and Sprint Nextel are working together on a mobile payments application. (See more PayPal Mobile and Mobile Payments news.)
- Obopay confirmed a new $20 million financing round and added two new board members. (See more Obopay and Mobile Payments news.)
- PCI Compliance News
- The PCI Security Standards Council announced the availability of two Information Supplements providing further clarification for PCI DSS requirement 11.3 , regarding penetration testing, and Requirement 6.6, regarding application code review and application firewalls. (See more PCI Compliance news.)
- Open Job Listings on PaymentsJobs.com
- Account Relationship Manager at Skylight Financial (Atlanta, Georgia)
- Product Manager at Skylight Financial (Atlanta, Georgia)
- Director, Public Relations at Chase Paymentech (Dallas, Texas)
- Retail Product Manager at PreCash, Inc. (Portland, Oregon)
- Project Manager at FSV Payment Systems (Jacksonville, Florida)
- Senior Analyst at Mercator Advisory Group (Waltham, Massachusetts)
- Manager, Fraud and Risk at PayCycle (Palo Alto, California)
- Vice President / Director Business Development at i2c (Redwood City, California)
- Account Executive at FirstCard Merchant Services (Chicago, Illinois)
- Find and hire the best! Post your current job openings on PaymentsJobs.com!
- Upcoming Glenbrook Payments Education Offerings
- Roundtable on Emerging Payments: Cross-Border eCommerce: Pot of Gold and Rainbow of Fraud - San Francisco Bay Area - May 7
- Workshop on The Structure of the Merchant Payments Marketplace - San Francisco Bay Area - June 10
- Glenbrook Payments Boot Camp - San Francisco Bay Area - June 11-12
You can find all of our Weekly Wrap summaries in the Payments News Weekly Wrap Archive.
