The California Public Employees’ Retirement System (CalPERS), holder of 22.7 million Bank of America shares, has announced it is voting against the re-election of all 18 Bank of America directors, including Chief Executive Officer and Chairman Ken Lewis. READ MORE »

Wesabe has announced that Delta Community Credit Union, the largest credit union in Georgia, is its charter Wesabe Springboard customer. Using Wesabe's Springboard offering, Delta Community Credit Union will have full access to Wesabe's suite of applications, including account management, goal setting/tracking, community forums, widgets, and merchant tips and comparisons. READ MORE »

If Twitter isn't your thing, over on PaymentsViews.com, Glenbrook's Allen Weinberg is live blogging from FinovateStartup today.

FinovateStartup 2009 is being held today in San Francisco. As befits a financial technology-oriented conference - especially in San Francisco, there are a number of attendees who are tweeting away about what they're seeing - to follow along, view #finovate on Twitter. Glenbrook's Erin McCune (tweeting as @erinmccune) and Allen Weinberg are both attending today's conference - if you're there, be sure to look them up and say hi!

CyberSource has announced the availability of its Airline Online Fraud Report, a study of the impact of online fraud on the airline industry. CyberSource commissioned the study in association with Airline Information LLC. It can be downloaded at: http://forms.cybersource.com/forms/airlinefraudpr. READ MORE »

APACS has released new figures from the UK payments industry that give an authoritative overview of UK consumers’ spending habits last year.

According to APACS, "the figures show that 2008 followed the key trends seen over recent years with cash and credit card spending remaining comparatively flat, cheque use falling and spending on debit card and electronic payments continuing to rise. In particular last year, the growth of debit card spending at retailers remained strong with spending rising by 6.8%: debit cards now account for two-thirds of spending on plastic cards.

The retail spending statistics, which cover all online and offline retail transactions in 2008, show that of a total £269.9bn spent by consumers, 43 per cent (£116.1bn) was by debit card, 32 per cent (£86bn) was by cash, 23 per cent (£60.7bn) was by credit card and only 3 per cent (£7.1bn) was by cheque."

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