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Yodlee has announced the Yodlee Software Development Kit (SDK) Entrepreneur Edition, making Yodlee's data and payments technologies available to new developers and entrepreneurs worldwide. READ MORE »
Banks shouldn’t be allowed to automatically enroll their customers in expensive overdraft loan programs, according to Consumers Union, the nonprofit publisher of Consumer Reports. The group urged the Federal Reserve Board in a letter today to require banks to get their customers’ permission first before signing them up for high fee overdraft loan programs for overdrafts triggered by ATM and debit transactions. READ MORE »
New research released today by HSBC Direct shows that 49 percent of the online population conducts most, if not all, of its banking via the Internet, up nearly 23 percent from early 2007. READ MORE »
Litle & Co's John Stevens is continuing his superb Twitter coverage today of the Merchant Risk Council's annual conference being held in Las Vegas. To, tune in, click here. Or try this Twitter search for MRC. Wow, John, rock on! Great job!
FICO has announced the launch of a new subscription service for businesses, FICO Score Trends. Through the service, "lenders will be able to access and drill down into industry FICO® score trends, indexed by a range of criteria such as industry, geography and time period, to regularly analyze their own portfolios and improve their risk management and forecasting." READ MORE »
TSYS has announced that it has appointed Amit Sethi, a veteran of the global payments industry, as Managing Director of TSYS India and South Asia. He will be based in New Delhi and will be responsible for all business development and outsourcing activities in the region. India is the second fastest growing market for financial cards in the Asia-Pacific region. The country’s credit card base, pegged at 27 million in 2007, is growing at an annual rate of 30 to 35 percent, according to Euromonitor. READ MORE »
In a press release, MasterCard Worldwide said it has been named the "Best Corporate Cards and Expense Services Provider" by Global Finance magazine for the third consecutive year.
READ MORE »The award was bestowed to MasterCard for innovative solutions that enable value and efficiency in commercial payments. MasterCard was selected by the publication's editors who incorporate input from industry analysts, corporate executives and technology experts in determining the award's recipient. The results of the exclusive survey are published in the March 2009 issue of the magazine.
Following yesterday's fee change announcement by Google Checkout, Glenbrook's Scott Loftesness has just posted a look at pricing across the three major online payment providers over on PaymentsViews.com.
What is PaymentsViews.com? It's our newest online site for payments professionals - devoted to analysis, commentary and opinions beyond just the news of the day we cover here on PaymentsNews.com.
Deutsche Bank’s Global Transaction Banking (GTB) division has announced it is introducing mobile phone payments services to its clients in 80 countries across Europe, Middle East and Asia. Luup, a European-based mobile payment provider, will partner with Deutsche Bank to provide the service. READ MORE »
In today's Deal of the Day column on SmartMoney.com, Lisa Scherzer writes about "The Pitfalls of Prepaid Cards" - noting that "Prepaid cards may not come with the sky high late-payment fees or APRs of traditional credit cards, but they do carry a slew of other charges." She goes on to recommend four network-branded prepaid cards "whose fees are a little more palatable than others" - including two from MetaBank, the Wal-Mart Money Card issued by GE Money, and the new Current Debit Card by Discover.
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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