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MasterCard has announced financial results for the third quarter 208 reporting that its gross dollar volume increased 12.3% on a local currency basis and transactions processed increased 13%. MasterCard is holding a conference call to discuss its results this afternoon - a presentation and supplemental materials are also available.
In an article on his Payments Industry Regulation blog titled "FTC Red Flags Rule Enforcement Delay -"What Red Flags Rules?"", our friend and colleague Broox Peterson takes a look at the FTC's recent decision to delay compliance requirements to May 1, 2009 "for entities under its jurisdiction to comply with the "Red Flags" rules".
Broox writes: "The FTC discovered during outreach and education attempts after adoption of the regulation that many of the entities subject to the Red Flags rule were not aware that such a rule existed, much less that they were subject to it, or even that they were subject to FTC jurisdiction at all."
FiCentive has announced that it has signed an agreement with Discover Financial Services that allows for the creation and management of specific Discover Network prepaid and gift card programs. According to FiCentive, it "will work with Discover Network, a business unit of Discover Financial Services, to develop general spend reloadable prepaid products that will run on the Discover Network in addition to providing all program management services." READ MORE
With the economy slowing and jobs becoming scarce, we'd like to do our part to help encourage employers who are hiring to list their openings on Glenbrook's PaymentsJobs.com web site.
So, between now and the end of December, you can save 50% off the $200 listing fee by entering the discount code: HIRINGNOW when you post you job openings. Posting a job listing is easy - click here to begin.
AT&T and Firethorn Holdings have announced the availability of their mobile banking application on the Apple iPhone. "Mobile Banking on AT&T lets users securely and efficiently manage their finances, including checking balances and transaction history, transferring funds, receiving offers, viewing and paying bills, and tracking rewards points." [Editor's note: The AT&T/Firethorn mobile banking application is currently ranked #6 in popularity in the Finance section of the iTunes App Store.] READ MORE
APACS, the UK payments association, has announced the launch of Payment Profiles, taking a look behind the statistics of 12 separate age and gender profiles within England, Scotland and Wales to show the differences that exist when it comes to managing money. READ MORE
Chase Paymentech has announced the completion of its transition from a joint venture with First Data Corp to a wholly-owned unit of JPMorgan Chase. The assets of the joint venture owned by JPMorgan Chase have been integrated into the bank as a part of its card services division and will continue to operate under the name Chase Paymentech. READ MORE
Safeway has announced it is doubling its PowerPump Gas Rewards for gift cards purchased at Safeway stores. READ MORE
Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers looking to hire payments professionals can post their job openings there as well.
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