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April 10, 2009

Pew Report on New Standards for Safe Credit Cards

Tags » Card Issuers, Credit Card Marketing, Credit Cards  » Comments (0)

Last week, the Pew Charitable Trusts’ Safe Credit Cards Project released a set of standards "designed to prevent deceptive and dangerous credit card practices and called for legislation to outlaw such practices. Developed in partnership with the Sandler Foundation, the Safe Credit Card Standards icon_PDF_small.gif seek both to protect consumers and preserve banks’ ability to manage risk when extending credit." READ MORE

What Do Consumers Want to Know About Online Safety?

Tags » ECommerce Payments  » Comments (0)

In January 2009, Gemalto launched a new web site: www.JustAskGemalto.com - "dedicated to providing the latest news and tips to keep personal information safe while enjoying the technology we use everyday."

Based on activity on the new web site since it was launched, the most frequently viewed questions are related to the loss of one’s mobile phone: “Lost my phone! What about my contacts?” and “What can I do if my mobile phone is stolen?

Other popular topics are the security of social networking sites, blogs and the growing use of e-commerce.

Visitors also expressed particular interest in questions related to passwords and when to safeguard access to personal or financial information stored online: “Are passwords safe?” and “No one knows my passwords, why are passwords an identity theft risk?”

The top 5 questions in the "Buying" category asked by consumers were:

  1. What is the safest way to pay online?
  2. How do I know if it is safe to enter my credit card information when I am shopping online?
  3. What about using credit cards to pay online? How safe is that?
  4. Why would you move your credit card into your phone? If it gets stolen, someone could use it, couldn’t they?
  5. I often shop at the same websites: should I save my payment information for future purchases?

U.S. Bank Introduces FlexPerks Travel Rewards Visa Cards

Tags » Card Issuers, Card Reward Programs, Credit Cards, US Bank  » Comments (2)

U.S. Bank has announced that its customers who have been earning miles on Northwest Airlines by using their WorldPerks Visa cards will now be able to earn points toward free flights on over 150 airlines with no blackout dates or award ticket redemption fees with new U.S. Bank FlexPerks Travel Rewards Visa cards. READ MORE

Visa Launches World's First Commercial NFC @ POS Service

Tags » Contactless Payments, Malaysia, Maxis, Mobile Payments, Near Field Communication (NFC), Visa  » Comments (0)

Visa has announced the launch of what it is calling "the world’s first commercial Visa mobile payments service for point-of-sale transactions using Near Field Communications (NFC) technology. The service marks the first time consumers can purchase an NFC-enabled mobile device off the shelf and use that device to make Visa payWave-enabled transactions at the point-of-sale instead of using their payment card." The new service is being launched first in Malaysia. READ MORE

Headline News - April 10, 2009

Tags » Payments News - Headline News  » Comments (0)

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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