The BBC reports on plans by Nokia to trial in Germany a proximity-based bus ticketing system that would allow riders to pay by waving their cell phone in front of a reader installed on buses.
Patrick Collinson reports in the Guardian that the number of individuals in the UK going bankrupt has hit a record high.
During the third quarter of 2004, 11,967 people were declared insolvent, up 31% on the same quarter a year ago, according to figures from the Department of Trade and Industry. Experts placed the blame on soaring credit card debt, with the typical bankrupt owing £50,000 on a variety of cards.
Wells Fargo Bank has announced a new consumer remittance service between the US and the Philippines. The new service is an account-to-ATM service that allows customers to send up to US$3,000 per day. Funds are available the next business day for pick-up at a network of over 4,000 ATMs in the Philippines. Receiving parties can withdraw up to US$400 per day using pre-sent ATM cards. Wells Fargo is charging $8 per deposit for the new service.
Forbes carries an AP story this morning on MBNA beginning its rollout of American Express-branded cards.
More details available from this MBNA press release.
Consumer response to initial pre-selling activities for the MBNA Affinity Rewards American Express Cards has been overwhelmingly positive. To date, MBNA has already issued more than 300,000 American Express-branded cards. Early consumer demand for these cards demonstrates clearly that customers want richer rewards on a product that represents their membership in an affinity organization.
The Globe and Mail is reporting today on the results of a study conducted by Visa Canada that reports that as many as 200,000 Canadians may have been unwittingly victimized in phishing attacks.
Visa Canada declared yesterday "Anti-Phishing" day as part of a public relations effort to increase consumer awareness of the issue. The full Visa Canada press release on phishing is available online along with a consumer brochure (PDF) on the subject.
Wells Fargo Bank and S1 Corporation have announced a new service that will allow banks to provide a full range of online foreign exchange services under a bank's own brand name.
CyberSource has announced that Overstock.com has extended its processing relationship including adding Bill Me Later acceptance.
WAY Systems has announced that Visa International has completed an equity investment in the company as part of a strategic alliance announced earlier this year.
Paul Roberts of IDG News Service reports on bank usage of strong authentication technologies to authenticate their online customers.
"The good guys can't keep up with the bad guys," said Litan of Gartner. "What we need is some kind of caller ID for the Internet. Someone has to stand behind Web sites and say, 'This is John Doe.' And right now nobody does that."
MasterCard announced today that its customer financial institutions have issued more than 200 million MasterCard, Maestro and Cirrus smart cards globally. These EMV chip cards are now being accepted at approximately 1.5 million EMV-capable terminals worldwide.
ActivCard has announced the introduction of a new ActivCard Token intended for use by online banking customers.
William Bulkeley reports in today's Wall St. Journal (subs. reqd.) on a patent infringement lawsuit filed against Dell by DE Techologies of Blacksburg, VA.
Its founder and chief executive, Ed Pool, said that ultimately DE Technologies hopes to license its patent to multinational companies in return for a small percentage of the value of their international shipments -- a sum that could collectively amount to billions of dollars.
Our quick search of the Patent Database brought up the following patent: Universal Shopping Center for International Operation. The patent was filed in December 1997 and issued October 1, 2002.