An upcoming article by Morten L. Bech, Christine Preisig, and Kimmo Soramäki in the Economic Policy Review from the Federal Reserve Bank of New York titled "Global Trends in Large-Value Payments" is available now online. READ MORE

The Financial Services Technology Consortium (FSTC) has announced an initiative "to examine the various technology models supporting mobile payments today and to make recommendations on an approach that would facilitate an interoperable mobile payments infrastructure in the future." READ MORE

Orbitz Worldwide has introduced a new Orbitz Visa Credit Card powered by Capital One No Hassle Rewards, a new credit card that it says "makes it easy for travelers to earn triple Capital One No Hassle Rewards points by booking airfare, hotel accommodations and vacation packages on Orbitz.com." READ MORE

A new Cisco study concludes that "mobile devices represent a major growth opportunity for the retail industry by providing a new purchasing channel for consumers. The company's third annual e-commerce study indicates that mobile devices are quickly joining physical stores, websites and catalogs as an important retail channel." READ MORE

Later this week (June 5-6), the Federal Reserve Bank of Chicago will be hosting its eighth annual payments conference - with this year's edition titled "Payments Fraud: Perception versus Reality". Glenbrook's Linda Elliott will be in Chicago for the conference.

Denver-based IP Commerce has announced it has raised $17 million in Series C financing led by Venrock with Total Technology Ventures also joining as a new investor. The Company’s existing investors, Meritage Funds, Appian Ventures and Iron Gate Capital also participated in the financing. READ MORE

The Emerging Payments Research Group of the Federal Reserve Bank of Boston has published a new paper titled "The Contactless Wave: A Case Study in Transit Payments" by Nasreen Quibria, Senior Payments Industry Consultant. READ MORE

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