Tags » Associations, MasterCard
MasterCard has announced it has filed a registration statement with the SEC for its proposed IPO.
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Tags » Certegy, Fidelity National, Processors
Fidelity National Financial and Certegy have announced the signing of a definitive Merger Agreement under which Fidelity National Information Services, Inc. and Certegy will combine operations to form a single publicly traded entity.
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Tags » Micropayments, Money Transfer
Dan Ilett reports for Silicon.com on Gartner's report on PayPal's micropayments pricing written by Avivah Litan that we reported on last week.
Banks and vendors should sell PayPal payments to retail customers, instead of trying to compete with the online company, an analyst has claimed.
Tags » Card Issuers, Credit Cards
The Sydney Morning Herald reports on the Reserve Bank of Australia's September bulletin showing a contraction in the value of credit card transactions to $13.544 billion in July from $14.209 billion in June.
CommSec chief equities analyst Craig James said there had been a noticeable slowdown in credit card activity in 2005. "The remarkable thing is the average credit card balance is actually lower now than what it was in December of last year," Mr James said. "So for a seven month period, you've actually seen the balance contract rather than expand and that's just unheard of."