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« August 31, 2003 - September 6, 2003 | Main | September 14, 2003 - September 20, 2003 »

September 12, 2003

American Antitrust Institute: FDC/Concord EFS Merger

The American Antitrust Institute earlier this week posted a background paper on the proposed First Data Corp./Concord EFS merger.

September 11, 2003

Mobile payments

Carlo Longingo reports on SimPay, the mobile payments consortium formed by Orange, Telefonica Moviles, T-Mobile and Vodafone.
A recent UK survey of 2500 Net users found that only 7% said they would sign up for this type of service, with a resounding 64% saying they wouldn't. Those are some pretty substantial numbers to turn around.

Visa USA reports mid-year check card volume grows

In a press release, Visa USA reported yesterday that payment volume on its check card products increased twenty percent in the first half of 2003 as compared to the same period in 2002. During the period, more than 133 million U.S. Visa check cardholders spent more than $134 billion. Volume on the Visa check card now represents more than a third of total Visa volume in the U.S.

Visa card volume grows in India

The Business Standard reports that sales volume on Visa cards in India grew over forty percent in the second quarter over the same quarter last year.
The acceptance infrastructure have grown in the country with banks like HDFC bank and ICICI Bank which were the new kids in the block deploying around 30,000 and 10,000 electronic data capture (EDC) terminals in the last one and half years. These terminals were deployed majorly in the smaller towns. The total number of EDC terminals in the country is now at around 70,000.

September 09, 2003

American Express gives analysts' update

American Express CFO Gary Crittenden spoke yesterday at the Lehman Brothers Financial Services Conference. His slides and talking points are available online. Of note, the presentation highlights the business model advantages that American Express claims from higher spend enabling higher merchant discount fees thereby enabling richer reward programs to cardholders.

September 08, 2003

AdAge: Key chain credit cards become the new rage

Mercedes Cardona reports in AdAge this morning on the increasing popularity of key chain-sized credit cards.


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