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November 25, 2005

Bill Me Later - A Safer Way to Pay Online?

Bill Me LaterRobert Terry reports for the Washington Business Journal on I4 Commerce's Bill Me Later.

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Monday After Thanksgiving - Online Shopping's Black Friday

Mylene Mangalindan of The Wall Street Journal reports on the Monday after Thanksgiving -  the expected peak shopping day for online ecommerce retailers.

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Thanksgiving Day Online Shopping Up 41% Says Visa USA

Visa USAPete Barlas reports for Investors Business Daily on Visa USA's report that Thanksgiving Day online shopping peaked at $205 million, up 41% from Thanksgiving last year.

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RBA Adjusts Australian Credit Card Interchange

Attempting to address the nature of competition between card schemes as it relates to the level of interchange fees, the Payments System Board of the Reserve Bank of Australia has announced a revised Standard to apply to the setting of interchange fees in the designated Bankcard, MasterCard and Visa credit card schemes in Australia.

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Gift Cards Now Play Music, Record Messages

mcds_giftcard.jpgKris Hudson reports for the Wall St. Journal on new features being used to personalize gift cards with personal photos, messages, or music as well as major new gift card marketing initiatives by Wal-Mart and McDonald's.

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Opinion: Crying Wolf Over Credit Card Interchange Fees

Phil Kerpen, Policy Director of the Free Enterprise Fund, writes an op-ed piece in today's Boston Globe about "frivolous litigation and pleas for unnecessary regulation" by merchants regarding credit card interchange fees.

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Bank of America May Clear Hurdle Re: MBNA Acquisition

Bank of AmericaValerie Bauerlein reports for the Wall St. Journal that Bank of America appears to have just barely cleared one potential hurdle that could have blocked its ability to acquire MBNA.  At the end of September, the combined assets of BofA and MBNA were 9.8% of total US deposits, just below the 10% U.S. federal cap on the percentage of deposits that can be held by a single bank.

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