Global Payments Asia-Pacific Limited, a joint venture between HSBC and Global Payments, has introduced "a secure GPRS-powered mobile payment service called Global MobilePay(TM) that provides mobile card acceptance capabilities for merchants in the Asia-Pacific region. Global Payments is one of the first payment processors to launch an extensive mobile payment solution for merchants across Asia. This service is now available in Brunei, China, India, Malaysia, the Maldives, the Philippines, Singapore, Sri Lanka and Taiwan." READ MORE »

First Data Corp. has filed a prospectus with the SEC regarding an exchange offer being made to debt holders to exchange unregistered outstanding notes issued as part of its going private a year ago for freely tradable notes that have been registered.

In an article titled "Merchants miffed by credit card fees", Steve Proctor writes for Nova Scotia's TheChronicleHerald.ca about merchant reactions to higher interchange fees on new rewards credit cards in Canada and concerns about potential new non-Interac debit cards costing merchants more.

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