Chase Card Services has announced that it recently received a patent (US 7,480,631) from the United States Patent Office for its fraud prevention technology, First Watch Intelligence. READ MORE

Discover Financial Services has announced the launch of Current by Discover Card - calling it "an innovative debit card for teens that helps them track and manage their spending and keep their money safe. The card also helps parents foster financial responsibility in teens, which is especially critical in today’s economy." READ MORE

The Reserve Bank of Australia's Payments System Board has announced that it has "recently been considering PayPal’s and eBay’s rules that prohibit merchants from surcharging customers for the use of PayPal and from discouraging the use of PayPal." Following its review, the Board said it was not going to impose any new regulation now on PayPal's practices because of PayPal's relatively small size in the online market. READ MORE

Mary Pilon writes for the Wall St. Journal about the news that came out over the weekend that American Express has begun offering certain of its credit card customers a $300 American Express Gift Card in exchange for them paying off their outstanding balance by the end of April. A company spokeswoman said that the offer was made to a "small number of cardmembers who have sizeable balances and little spending and payment activity."

Discover Financial Services has announced the addition of Cynthia A. Glassman and Richard H. Lenny to the company’s Board of Directors. READ MORE

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