The Federal Reserve is out with its latest G.19 Consumer Credit report for July 2009. According to the Fed, US consumer credit decreased at an annual rate of 10-1/2 percent in July 2009. Revolving credit decreased at an annual rate of 8 percent, and nonrevolving credit decreased at an annual rate of 11-3/4 percent.

There's a relative dearth of interesting payments-related news today. Obviously, the post-Labor Day announcement strategy is a thing of the past in the current economy! If you've got any interesting news to share, please send it to gotnews@paymentsnews.com!

• BNET Financial Services Blog: Banks see Little Commercial Gain from Mobile Payments
• Wesabe Delivers Community Application for Addison Avenue Federal Credit Union Members
• Digital Transactions: Success of Check 21 Sends Substitute Checks in Free Fall, Data Show
• First Data Appoints W. Patrick Shannon as Chief Financial Officer
• Transaction Network Services Sets Its Sights on Canadian ATM Market - Yahoo! Finance