Phishing attacks are a rapidly growing problem on the Internet. I've just posted on the Glenbrook web site a recent analysis of phishing attacks which includes some implications for financial institutions, a recommended action plan, etc.

The Financial Services Roundtable and BITS have announced the formation of the Identity Theft Assistance Corporation, a non-profit industry consortium formed to pilot the Identity Theft Assistance Center (ITAC). READ MORE »

While American Express and MBNA are cheering their new partnership, merchants in the US have to get ready for the inevitable effects this new competition for card issuance will have on their costs. READ MORE »

American Express and MBNA announced this morning a card issuing alliance where MBNA will issue American Express cards in the US, Canada, Spain, and the United Kingdom. READ MORE »

POS terminal supplier Lipman Electronic Engineering, Ltd. announced yesterday that it had completed an initial public offering on NASDAQ under the symbol LPMA.