Payments News - Weekly Wrap - May 10, 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. Back to the future!: for fun, click for this week's activity here on Payments News last year!
- ACH News
- NACHA's Secure Vault Payments went live with its first merchant. (See more ACH, eCommerce Payments, NACHA and Secure Vault Payments news.)
- Chase News
- Chase announced it was investing in Rearden Commerce and entering into a strategic relationship to use Rearden's services. (See more Chase Card Services news.)
- Chase announced it was purchasing 47 percent of Target's credit card receivables. (See more Chase Card Services news.)
- Contactless Payments News
- The upcoming CTST 2008 conference being held in Orlando May 12-15 will focus on NFC contactless payments. (See more contactless, NFC and mobile payments news.)
- Credit Card News
- US credit card issuers have begun closing more inactive accounts. (See more Credit Card news.)
- Debit Card News
- APACS reported that debit card usage growth in the UK continued with spending increasing 11% in 2007. (See more APACS, Debit Card and UK-related news.)
- Capital One has shut down the two merchant pilots of its decoupled debit card product announced a year ago. (See more Debit Card and Decoupled Debit Card news.)
- Celent has published a new report titled Disruption in the Payments World that forecasts more credit card issuers diversifying into decoupled debit card products. (See more Debit Card and Decoupled Debit Card news.)
- MasterCard News
- MasterCard enhanced its business card Easy Savings Program with fuel and maintenance discounts. (See more MasterCard news.)
- MasterCard launched a new online domestic-focused travel platform where cardholders planning their next vacation getaway can find travel offers. (See more MasterCard news.)
- Mobile Payments News
- NFC adoption in mobile phones is forecast to be mainstream by 2010. (See more Mobile Payments and NFC news.)
- Monitise and Metavante partner for mobile money in the UK. (See more Monitise, Metavante, and Mobile Payments news.)
- Orange Money is being tested in the Ivory Coast. (See more Mobile Payments and Africa news).
- PayPal News
- The controversy over eBay's mandate that sellers use PayPal payment acceptance in Australia continued. (See more PayPal news.)
- PCI Compliance News
- The PCI Security Standards Council announced an upcoming webinar on Understanding the Payment Application Data Security Standard. (See more PCI Compliance and PCI Security Standards Council news.)
- Regulatory News
- Reaction to the Federal Reserve Board, the Office of Thrift Supervision and the National Credit Union Administration proposed rules changes to protect consumers from various credit card issuer practices continued in the Washington Post and the New York Times. (See our guide on how to comment on the proposed rule changes.)
- Visa News
- Visa announced that it will be making its Operating Regulations public this coming week. (See more Visa news.)
- Open Job Listings on PaymentsJobs.com
- Payments Attorney at a stealth start up (San Francisco/Bay Area)
- Director - Chargebacks & Disputes Policy at American Express (Phoenix, Arizona)
- Sales Executive at Online Resources (Atlanta, GA)
- Account Relationship Manager at Skylight Financial (Atlanta, GA)
- Product Manager at Skylight Financial (Atlanta, GA)
- Director, Public Relations at Chase Paymentech (Dallas, TX)
- Retail Product Manager at PreCash, Inc. (Portland, OR)
- Post your current job openings on PaymentsJobs.com!
- Upcoming Glenbrook Payments Education Offerings
- 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. They're published every Saturday and look back at the highlights of the week's news. Please send us on how we can improve the Weekly Wrap!
