The Federal Reserve has just published its monthly G.19 Consumer Credit report showing that revolving credit rose at an annual rate of 0.5 percent, slowing dramatically as compared to growth rates of 5.3 to 7.4 percent earlier this year.

If you can't make it to next week's Glenbrook Payments Boot Camp (being held June 11-12 in Santa Clara), you may want to sign up for our next one being held October 15-16 also in Santa Clara, California. Online registration for the October session just opened.

Business Week's cover story this week is titled "Banks vs. Consumers (Guess Who Wins)" - an article by Robert Berner and Brian Grow that takes a look into how credit card issuers in the US use arbitration to handle cardholder disputes saying it is "a system in which it is exceedingly difficult for individuals to prevail." The article focuses on the role played by National Arbitration Forum (NAF), a for-profit company based in Minneapolis.

• Bank of America Extends Exclusive Bank Sponsorship of the Dallas Cowboys with New, 10-Year Agreement
• PayPal: Lowered Fees for PayPal Canada Merchants
• Economist: Michael Joseph of Safaricom highlights the promise—and peril—of doing business in Africa
• APACS (UK): Standing order payments rollout starts through new Faster Payments Service