In an article titled "PayPal wants to double its employment in Austin", Kirk Ladendorf writes for the Austin American-Statesman about PayPal's plans to double its current 200 person software development organization in Austin. He writes: "The company is entrusting some of its most important work — software for new payment products, fraud detection and help-desk assistance —to the Austin technical team."

Glenbrook's Carol Coye Benson recently interviewed Murali Subbarao, CEO of Billeo, about the status of the online bill payment marketplace in the US. Read on for her full interview . READ MORE »

Fair Isaac has introduced the Fraud Alert Network Forum, an online community in which financial professionals share tips, techniques and experiences in dealing with increasingly sophisticated fraud schemes. The new forum, previously known as the CardAlert Fraud Forum, originally launched in 2002. READ MORE »

First Data Corp. has reported its financial results for the second quarter of 2008. Consolidated revenues were up 10% to $2.2 billion. The adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were up 7% to $653 million.

"Our focus on investment in product development is starting to pay off with significant customer wins in multiple segments," said Michael Capellas, Chairman and Chief Executive Officer of First Data. "Despite difficult economic conditions, we continued to grow revenue and improve profitability."

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