Earlier today, MasterCard CEO Bob Selander spoke at the J.P. Morgan 37th Annual Global Technology, Media and Telecom Conference.

J.P. Morgan’s Treasury Services business has announced it is offering ISO 20022 payment initiation and reporting capabilities. ISO 20022 is the core message standard for SEPA and represents the next generation of SWIFT message formatting. J.P. Morgan says it is one of the first to adopt this new messaging standard format that allows clients to integrate core treasury, payable and receivable applications with banking and other financial partners. READ MORE »

At Glenbrook, we're spending a lot of time looking at the move towards electronics for B2B payments. Join us at our New York City workshop NEXT WEEK, "New Opportunities in B2B Payments", on May 27th & 28th. If you have any questions about this workshop, please contact Glenbrook's Carol Coye Benson."

One of my favorite weekly things to do is to listen to the excellent weekly podcasts that Dave Birch from Consult Hyperion produces. This week's edition features an interview with Eckhard Ortwein, one of the original founders of payBox who can rightly claim he's spent ten years working on mobile payments.

Dave's interview of Eckhard is great - as they walk through the evolution of payBox over the ten years - its failures and successes - leading to its acquisition by Sybase 365 late last year.

If you're at all interested in the evolution of mobile payments, be sure to give this 25 minute podcast a listen! Here's a link to the podcast in the iTunes Music Store.

Wells Fargo has announced a new Wells Fargo Mobile Banking service for iPhone and iPod touch users (opens in iTunes) - now available free from Apple’s App Store. Customers can check account balances, move money between Wells Fargo accounts and pay bills. In addition, Wells Fargo Mobile Banking is integrated with the iPhone and iPod touch built-in maps feature so customers can search for the nearest ATM or Wells Fargo banking store with the touch-of-a-button. READ MORE »

On the Credit Slips blog, Adam Levitin takes a look at the just passed credit card legislation - he worries that "within the next year we will see a host of new, creative fees: unused limit fees, high-risk transaction fees, account review fees, line increase fees, etc." and proposes a new model of regulation for the credit card industry.

• Bloomberg: American Express Says U.S. Card Law May Reduce Credit
• Plastyc, Inc. and NBA Star Amar'e Stoudemire Partner to Promote Positive Spending to Youth
• First Data soon to start operation in Pakistan
• BusinessWeek: The Dawning of the Biometric Age
• The Red Tape Chronicles - MSNBC.com: Dispelling myths on credit card legislation
• CreditCards.com: House easily passes credit card reform bill
• RBS WorldPay Returns to Visa's and MasterCard's List of PCI DSS Validated Services Providers
• Huffington Post: Carine Fabius: Your Credit Card Company is Spying on You
• Csmonitor.com: Credit-card bill: What it does, what it doesn’t do
• Barrons.com: I'm the Loser in This Card Game
• WSJ.com: Advanta Leaves Credit-Card Niche