Hugh Son reports for Bloomberg that documents unsealed today in the Discover Financial Services antitrust litigation against Visa and MasterCard say that Discover is seeking $6 billion in damages.

NetSpend has announced an agreement with QC Financial, provider of payday loans, for a prepaid debit card program. READ MORE

Digby, a mobile commerce service provider, has announced the availability of Powered by Digby, "a mobile commerce software platform that gives retailers the ability to deliver a superior mobile shopping experience to their customers." READ MORE

Bill Me Later and ShoeMall.com have announced they have partnered to offer ShoeMall customers a more flexible way to pay online without the use of their credit cards. " READ MORE

neoSaej, a developer of online auction marketplaces, has launched MoneyAisle.com - calling it "the first and only Web site where banks competitively bid for customers through live secure auctions. MoneyAisle.com went live today with 65 participating banks (with an additional 25 to be activated in the next few weeks) and introduced the first two of many major product offerings: certificates of deposit (CDs) and high-yield savings accounts." READ MORE

Glenbrook's Linda Elliott shares her perspective from last week's Payments 2008 conference hosted by the Federal Reserve Bank of Chicago.

Springbok Services and Visa have announced an agreement that enables Springbok to offer Visa-branded prepaid card programs. According to Springbok, "the addition of the Visa brand allows Springbok to pass along Visa-specific advantages to its clients, which use Springbok prepaid cards for reward, incentive, promotion and rebate programs. Springbok prepaid card programs are designed to positively motivate behavior and enhance loyalty among corporate employees and/or their customers." READ MORE

The Center for Financial Services Innovation (CFSI) has released initial findings from its national segmentation study of the underbanked market at the 3rd Annual Underbanked Financial Services Forum, continuing through Tuesday, June 10th, in Miami. A fact sheet about the study is available online. READ MORE

Amazon.com has made an equity investment in The Talk Market, "a user-generated TV shopping platform that allows businesses to create broadcast-quality product presentations and gives consumers an entertaining shopping experience."

In a press release, the two companies noted that "Integrated payment processing is provided by Amazon Web Services Flexible Payment Service (Amazon FPS). Using Amazon FPS, merchants at the Talk Market get free Amazon Payments Business accounts to process credit cards and tens of millions of Amazon customers can purchase anything on The Talk Market with the credit cards they have on file with Amazon." READ MORE

• New Jupiter Research Report: US Mobile Payments
• Tyfone's Mobile Financial Services Platform evaluated by British Telecom Receives High Marks in Key Security Vulnerability Assessment
• Dads Hoping for a Dinner Out, Homemade Gifts and Gift Cards This Father’s Day, According to the Discover® Card Father’s Day Shopping Survey
• Bill Me Later a Perfect Fit for ShoeMall.com
• Diebold and VALID Systems Create Growth Opportunities by Streamlining Check Cashing for Non-Customers
• SVPCO Image Payments Network Posts Strong Increase in Volume
• UK Insolvency Helpline Notes Massive Increase in the Amount of Individual Voluntary Arrangements Applications
• MasterCard Worldwide Research Highlights Growing Role of Asian and Eastern European Cities in the Global Economy
• U.S. Bank Selects Acxiom® To Support Customer Acquisition Initiatives
• ITbusinessCA: Race begins in Canada to cash in on mobile phone payments
• NY Fed President Timothy Geithner in FT.com: We can reduce risk in the financial system
• Canada: Credit, debit cards move to chip technology
• Online Media Daily: PayPal's First CMO Sees Stronger Identity Apart From eBay
• Accertify Selects Merchant e-Solutions to Offer All-in-One Fraud and Payments Processing Solution
• MyECheck Inc. Announces Over 100% Growth in Revenues in First Two Months of Second Quarter 2008

We have received news of the following recent management changes:

• Todd Pearson has been named Chief Customer Officer at San Francisco-based richrelevance. Pearson spent the last eight years at PayPal where he held roles building several business units and most recently was Vice President of Sales.