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« April 18, 2004 - April 24, 2004 | Main | May 2, 2004 - May 8, 2004 »

April 30, 2004

Online Card Design by Cardholders

Visa Internatiional has announced a strategic partnership with Serverside Graphics Ltd. (PDF) to allow Visa members banks to offer payment cards designed by the cardholder.

April 29, 2004

The Future of Phishing

Jonathan Tuliani writes on Vnunet.com about an SMS-based approach to countering phishing attacks.

Why Online Bill Payment Is Booming

Terry Savage reports on MSN Money on the boom in online bill payment.

Fighting Card Fraud

Innovations Report from Germany reports on Euclid, a technique that allows cardholders to remotely enable/disable their credit card accounts to help prevent fraud.

Diners Club and MasterCard Alliance

Diners Club and MasterCard have announced an alliance that allow Diners Club to issue new cards as MasterCards to enabled expanded merchant acceptance for Diners Club cardholders.

April 28, 2004

WSJ: Card Upgrades Could Result in Higher Fees

Kathy Chu reports in the Wall St. Journal on card upgrades (subscription reqd.) that some consumers are receiving from their credit card issuers.
Upgrades, while they can provide more favorable terms and benefits, can also backfire for consumers because higher credit lines can push them more into debt. And companies may market changes in contract terms as upgrades, even if they result in higher fees or other costs for consumers. The practice is legal under federal truth-in-lending laws if cards are sent to existing customers rather than to new ones.

Nova Acquires Rest of euroConex

Nova announced this morning that it is acquiring the remaining 50 per cent interest in euroConex from the Bank of Ireland. READ MORE »

April 27, 2004

Union Bank Sells Merchant Portfolio to Nova

Union Bank of California announced today the sale of its merchant card portfolio to US Bank's NOVA Information Systems subsidiary. Union Bank has also formed a long-term marketing alliance with Nova to continue to market merchant bank card services to its customers.

Fiserv Introduces Combined Debit/Credit Processing

Fiserv has announced the introduction of a combined debit and credit processing solution that will allow financial institutions to consolidate all of their debit, credit and ATM card offerings on Fiserv's platform.

Visa Asia Pacific Launches Visa Wave Contactless Card

Visa Asia Pacific has announced Visa Wave, the first ever Visa contactless smart card. READ MORE »

April 26, 2004

Merchant Surcharging

Lilly Rockwell reports in the The Daily Texan on the University of Texas' decisions regarding surcharging credit card transactions and the responses of Visa and MasterCard.

Going Cashless

Steve Dinnen writes in the Christian Science Monitor about PayByTouch and the trend away from using cash and checks for payments at retail.

Phishing Gets Uglier

Suzanne Choney reports on phishing in the San Diego Union-Tribune.

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