Payments News - Weekly Wrap - Saturday, August 9, 2008
Here's a review of this week's top stories on Payments News. Back to the future!: for fun, click for this same week's activity a year ago here on Payments News!
Looking for more payments-related reading? Checkout our Other Payments and Banking Blogs page for more from the blogosphere about the worlds of payments and banking.
Quote of the week:: From Tom Wills, Senior Analyst, Security and Fraud, at Javelin Strategy and Research: "With the majority of financial institutions in compliance after the frenzied rush to meet the authentication requirements of the 2005 FFIEC Guidance, a number of financial institutions have relaxed into a satisfied mode. Compliance is not security, however, and complacency increases risk.
- ACH News
- Glenbrook’s Carol Coye Benson interviewed Stephanie Sturgis-Griffin, the newly named CEO of Pariter Solutions, the Wells Fargo and Bank of America joint venture for ACH processing announced in May. (See more ACH, Bank of America, Pariter Solutions and Wells Fargo News.)
- Card Fraud News
- The US Department of Justice announced that "eleven perpetrators allegedly involved in the hacking of nine major U.S. retailers and the theft and sale of more than 40 million credit and debit card numbers have been charged with numerous crimes, including conspiracy, computer intrusion, fraud and identity theft. (See more Card Fraud News.)
- Credit Card News
- Sen. Carl Levin, D-Mich., announced that he has "urged the Federal Reserve to strengthen its proposed regulation aimed at unfair or deceptive credit card practices". (See more Credit Card and Financial Regulators News.)
- The Federal Reserve's public comment period for its proposed credit card and overdraft fee regulation changes closed with tens of thousands of comments filed. (See more Credit Card and Financial Regulators News.)
- Mobile Banking News
- Obopay and Grameen Solutions announced "a unique, first-of-its-kind alliance to use mobile technology to deliver banking services to a billion of the world’s poorest people by 2018. (See more Mobile Banking and Obopay news.)
- PayPal News
- PayPal launched a back-to-school Web site with "the season’s hottest deals and styles." (See more Ecommerce Payments and PayPal news.)
- Prepaid Card News
- Citi and Green Dot have announced "a strategic alliance to provide Citi-issued general purpose gift cards and reloadable prepaid debit cards to consumers. (See more Citi Cards and Prepaid Cards News.)
- Open Job Listings on PaymentsJobs.com
- Associate Consultant - Qualified Security Accessor at Xtrategies (Miami, FL)
- Associate/Consultant - Risk Management at Xtrategies (Miami, FL)
- Corporate Strategy, Senior Business Leader at Visa (San Francisco, CA)
- Associate Consultant - Qualified Security Accessor at Xtrategies (Miami, FL)
- Associate/Consultant - Risk Management at Xtrategies (Miami, FL)
- Sr. Marketing Capabilities Manager - Mobile at Alliance Data (Columbus, OH)
- E-Commerce Analyst at First Midwest Bank (Itasca, IL)
- Senior Manager, Product Development at American Express (New York, NY)
- Upcoming Glenbrook Payments Education Offerings
- Glenbrook's Russ Jones will presenting at this week's Direct Response Forum (DRF) on August 12th on the subject of "What We're Watching in Emerging Payments". Russ will also be participating in a round table discussion on best practices in recurring payments on August 13th.
- Glenbrook Payments Boot Camp - Santa Clara, California - October 15-16
- Glenbrook Payments Boot Camp - Denver - December 3-4
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 share on how we can improve the Weekly Wrap!
