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« October 3, 2004 - October 9, 2004 | Main | October 17, 2004 - October 23, 2004 »

October 15, 2004

Metavante to Acquire VECTORsgi

Metavante announced this morning an agreement to acquire VECTORsgi.


Starbucks Card Hits $1 Billion

Starbucks has announced that this month the Starbucks Card, a reloadable stored-value card, will hit $1 billion in total balances loaded since it was launched three years ago.


GE Consumer Finance Forms Specialty Retail Group

GE Consume Finance has announced that it has formed a new specialty retail group to focus on the unique financing and marketing needs of growing, mid-size retailers.


MasterCard Surveys Small Business

MasterCard has announced the results of its latest Small Business Economic Spend and Outlook Survey.

"Across the board, MasterCard research shows that small businesses expect 2005 to be a turning point, as many companies increase revenue, add staff and grow," said Steve L. Abrams, senior vice president of Corporate Payment Solutions at MasterCard International. "A full 75 percent expect 2005 to be a better year than 2004 -- a testament to the resilience and spirit of entrepreneurs in the United States."

October 14, 2004

New Consumer Information on Avoiding Overdraft and Bounced-Check Fees

The federal bank, thrift, and credit union regulatory agencies today announced the publication of a new consumer resource, Protecting Yourself from Overdraft and Bounced-Check Fees.


October 13, 2004

TSYS Finalizes Agreement with JPMorgan Chase

TSYS has announced that it has finalized a definitive agreement with JP Morgan Chase to service Chase's combined credit card portfolios.


Alliance Data Acquires Epsilon Data Management

Alliance Data Systems has announced that it is acquiring Epsilon Data Management, a provider of integrated direct marketing solutions that combine value-added marketing, transaction, technology and analytical services.


October 12, 2004

Update on PayPal System Problems

ComputerWorld posted an update article today on PayPal's on-going system problems.


Bank Profitability From Payments Threatened

The Boston Consulting Group has announced a new global study that predicts "a dramatic reduction in the profitability of the payments business at many banks."


A Disruption Analysis in the Mobile Payment Market

I just came across some recent work by Jan Ondrus and Yves Pigneur at the University of Lausanne, Switzerland that brings some new insights to an examination of the mobile payment market (PDF).

USA Technologies, AT&T Wireless in Cashless Alliance

USA Technologies and AT&T Wireless have announced an agreement to offer wireless payments.


Frequent Fliers Rethink Air Miles Cards

Peralte Paul reports in the Atlanta Journal-Constitution on some rethinking being done by frequent fliers about their mileage reward credit cards.


October 11, 2004

PayPal Hit by Glitches

Reuters reports that PayPal has had intermittent glitches in its system since late last week and is working to get the problems resolved.

Debit Rewards Cards Increasingly Popular

The use of stored value debit rewards cards for sales incentives continues to grow. This morning, two new programs were announced - one involving the gaming company Nintendo and the other involving network equipment supplier D-Link. Both are using debit rewards cards as incentives to their sales distribution channel partners.


South Africa: The Coming of the Smart Card

The Mail & Guardian Online reports from Johannesburg, South Africa on MasterCard's OneSMART program.


Solving the Password Challenge

Heather Havenstein reports on about federal directives on electronic credentials and how they could boost adoption of smart cards for authentication.


Hawaiians, Seniors At Greater Risk

Pacific Business News reports on identity theft rates in Hawaii -- particularly affecting senior citizens and their credit cards.

Citigroup Launches Borderless Banking

Citigroup's Global Transaction Services unit has announced a new borderless banking initiative intended to provide a suite of white-label Citigroup services to partner banks.


Cash, Credit or Prints?

William Bulkeley writes in today's Wall St. Journal about the increasing use of fingerprint identification for authentication (subs. reqd).


Gap Introduces New Cross-Brand Credit Card

Retailer Gap Inc. has launched a new cross-brand private label credit card program that lets customers earn rewards from shopping at the Gap, Banana Republic and Old Navy stores. READ MORE »

FDC and Offer Paperless Purchases

First Data Corp. and have announced they're working together to simplify the processing of Flexible Spending Account payments. READ MORE »


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