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« January 25, 2004 - January 31, 2004 | Main | February 8, 2004 - February 14, 2004 »

February 07, 2004

Credit Cards in Australia

Sydney's Morning Herald reports on credit card growth in Australia.

February 06, 2004

US Consumer Credit Growth

The US Federal Reserve reported today that total consumer credit increased at an annual rate of 5-1/4 percent during 2003. Growth in total consumer credit for the fourth quarter of 2003 was only 3-3/4 percent.

Revolving consumer credit such as credit cards grew at an annual rate of 3.6 percent during 2003 with only a 2.8 percent growth in the fourth quarter. At the end of 2003, $742.5 billion in revolving consumer credit was outstanding.

Banking on Change in Iraq

Mark Samuels reports in Computing (UK) on Visa staffer Stuart Brocklehurt's efforts in Iraq. READ MORE »

Contactless Cards Deliver Results

Donna Howell in Investors Business Daily reviews contactless payment cards READ MORE »

February 05, 2004

IBM: FDR Case Study on Web Services

IBM has a case study on the use of web services by FDC's First Data Resources unit.

Western Union Receives CID from US Dept. of Justice

First Data Corp.'s Western Union subsidiary has announced that it has received a Civil Investigative Demand (CID) from the US Department of Justice. READ MORE »

Citigroup Sees JP Morgan Chase/Bank One as Key Rival

Bloomberg reports on comments by Citigroup CEO Charles Prince regarding the global rival it sees in the combination of JP Morgan Chase and Bank One. The story also reports that a rumored merger between Citigroup and Deutsche Bank has been put on hold.

February 04, 2004

American Express Hosts Financial Community Discussion

American Express senior management today provided the financial community with an update on the company. Presentations and text of management's speeches are available online. Remarks by David House focused particularly on Amex's partnerships with banks. An audio archive of the presentations along with almost an hour of Q&A is also available online.

Credit Cards in China

Citibank and partner Shanghai Pudong Development Bank have launched their first international Visa credit cards in China. READ MORE »

February 03, 2004

The Trouble with RFID

Simson Garfinkel writes in The Nation about the privacy aspects of RFID. READ MORE »

Evolution of Mobile Payments

Bank Systems and Technology has a brief article by Aaron McPherson of Financial Insights on the evolution of mobile payments.

First Data Posts Investor Presentation

First Data Corp. has made available online its Q4 Investor Presentation (37.5 MB PowerPoint file).

Enhyper Announces Payments Systems and Security Conference

Enhyper has announced the Payments Systems and Security Conference to be held in London June 18-19, 2004.

Paychecks: Paper or Plastic

Chicago's NBC5 takes a look at payroll cards.

Flash But Don't Swipe

CNN Money reports on contactless cards including MasterCard's PayPass and American Express' Express Pay.

False ID's

Jennifer Bayot reports in the New York Times on false ID's made at Motor Vehicle offices. READ MORE »

First Data Announces Q4 Earnings, Provides 2004 Outlook

First Data Corp. this morning announced fourth quarter financial results -- reporting a 20 percent growth in earnings per share on an 11 percent growth in revenue. FDC also provided a 2004 outlook for an EPS range of between $2.00 to $2.18 from continuing operations as compared to 2003 EPS of $1.88.

February 02, 2004

Wells Fargo Hits $12 Billion in Internet Payments

Wells Fargo announced this morning that it processed nearly $12 billion in Internet merchant payments in 2003, a 100 percent growth over 2002. READ MORE »

Wells Fargo Home Mortgage Moves to Electronic Payments

Wells Fargo Home Mortgage has announced that it has moved to handling 88 percent of its customers' payments electronically -- as compared to 81 percent by paper only four years ago.

Consumer Opinions on RFID

Jonathan Collins reports in RFID Journal on a recent study by Cap Gemini Ernst & Young on consumer attitudes toward RFID. READ MORE »

Credit Card Issuers Raise Interest Rates

The San Diego Union-Tribune reports on how US card issuers are raising interest rates when the cardholder is late or misses a payment to another creditor. READ MORE »

New Zealand Upgrading Merchant POS Infrastucture for Smart Cards

Richard Wood reports on efforts by New Zealand network operator ETSL to require almost all new merchant terminals deployed on its network be smart card capable.

Phishing Fraud Catches the Unwary

Jenni Bergal reports in the Ft. Lauderdale Sun-Sentinel on phishing. READ MORE »

Poor Phishing

Fortunately, as Lester Haines reports in the Register, some phishing attacks are obvious for what they are.

February 01, 2004

Keylogger.Stawin Virus

Symantec reports on the Keylogger.Stawin virus. This virus is a keylogging trojan horse which is specifically designed to steal a user's online banking information.

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