Payments News from Glenbrook Partners
Glenbrook   Book   Education   Views   Archives   Store   Advertise   About         SUBSCRIBE:

« December 11, 2005 - December 17, 2005 | Main | December 25, 2005 - December 31, 2005 »

December 24, 2005

Merry Christmas - Yet Another Data Breach!

Natalie Weinstein reports for CNET News.com that Visa USA has acknowledged today that a U.S. merchant "may have experienced a data security breach" that compromised credit card account information.

First Data Shuts Down BidPay

BidPayIna Steiner reports for AuctionBytes.com that First Data's BidPay unit is closing down operations on December 31, 2005.

READ MORE »

This Week's Top 11: Most Read New Stories

This week's Top 11 Most Popular News Stories on Payments News are:

READ MORE »

Visa Launches New Brand Identity In India

Visa CardIndianTelevision.com reports on Visa International's new brand identity and the Reliance Any Time Money Card that will be the first Visa payment product that will have the new Visa brand identity and design in India.

READ MORE »

Electronic Finances Can Leave You Broke

Sarana Schell reports for the Anchorage Daily News on merchant card authorization practices and how authorizing larger amounts can affect a cardholder's availability of funds.

READ MORE »

UTA To Test Contactless Payment Card System

Nicole Warburton writes for the Deseret Morning News about plans by the Utah Transit Authority to test a contactless card-based fare collection system.

READ MORE »

December 23, 2005

American Express Credit Card Issuer Partnerships

American Express announced two major bank credit card issuing partnership deals this week: Bank of America and HSBC.

In both deals the removal of each bank from the list of defendants in the litigation American Express is pursuing (re: damages associated with MasterCard and Visa losing the US antitrust case) may have been an important element.

READ MORE »

HSBC To Issue American Express Credit Cards

American ExpressHSBC -- North America Holdings, Inc. and American Express have announced an agreement for HSBC to offer American Express-branded credit cards in the United States. American Express has also announced that it will dismiss HSBC from its antitrust litigation against Visa, MasterCard and a number of major U.S. banks.

READ MORE »

North Carolina Rules Against Payday Lending

Binyamin Appelbaum reports for the Charlotte Observer on a ruling yesterday by the North Carolina banking regulators that payday lender Advance America violated state law by charging excessive interest rates on short-term loans.

READ MORE »

Certegy Acquires Assets of FastFunds Financial

Certegy has announced it is acquiring the assets of FastFunds Financial and its wholly owned subsidiary Chex Services for approximately $14 million in cash.

READ MORE »

First Data Accelerates Stock Option Vesting

First Data Corp.First Data Corp. filed an 8-K with the SEC yesterday disclosing that its board had approved the accelerated vesting of all outstanding unvested stock options granted to its officers and employees under its 2002 Long-Term Incentive Plan.

READ MORE »

Settlement Reached In American Express Litigation

Josh Gerstein reports for the New York Sun on a $75 million settlement by American Express in a lawsuit regarding cardholder fees when making charges in foreign currencies.

READ MORE »

Making A Dent in Debt

Kara McGuire reports for the Minneapolis - St. Paul StarTribune on Autumn and Nathan Warden and their consumer debt burdens.

READ MORE »

Headline News - Friday, December 23, 2005

Note: Throughout the day, as Payments News happens, this post is updated.

READ MORE »

December 22, 2005

Online Bill Paying Is Easy, Safe

Madlen Read reports for the Associated Press on a reader's question about the security of online bill payment.

READ MORE »

Mint and GE Money Announce Partnership to Issue Prepaid Cards in Canada

Mint Capital Corp. and GE Money, the Canadian consumer lending unit of General Electric Company, have announced an agreement to issue prepaid cards in Canada.

READ MORE »

In MasterCard IPO, A Charity's Role Is Questioned

James Kelleher reports for Reuters on some questions being raised about the MasterCard Foundation that is being setup as part of the planned initial public offering upcoming for MasterCard.

READ MORE »

Wipro Acquires mPower

Wipro has announced that it is acquiring mPower, a niche payments company based in Princeton, NJ.

READ MORE »

No Partial Payments With Gift Cards?

Susan Tompor writes for the Detroit Free Press about just how difficult (impossible?) it is to use some gift cards for partial payment on purchases.

READ MORE »

A Tale Of Two Kens And A Lawsuit

Rick Rothacker reports for the Charlotte Observer on the background behind yesterday's announcement that Bank of America will begin issuing American Express cards - while American Express is dropping Bank of America from the list of defendants in the damages lawsuit it has filed against Visa, MasterCard and several card issuing banks.

READ MORE »

December 21, 2005

Retailers Urged to File Claims In Debit Card Settlement

The National Retail Federation is reminding merchants that there's only a week left to get claims forms filed in order to receive their share of the $3.1 billion settlement of the Visa and MasterCard debit card litigation.

READ MORE »

New Support For MasterCard Chip Cards In Canada

CanadaMasterCard Canada has announced that 12 of its card issuers will be working with MasterCard and five acquirers to introduce chip-enabled MasterCard payment cards in Canada by 2010.

READ MORE »

Bank of America, American Express Form Card Alliance

Bank of AmericaBank of America and American Express have announced that Bank of America will issue Bank of America branded American Express cards in the United States. American Express has also announced its intention to dismiss Bank of America from its antitrust litigation against Visa, MasterCard and a number of major U.S. banks.

READ MORE »

Bank of America Shifts Consumer Processing In House

TSYSTSYS has announced that it has received official notification from Bank of America of its intent, pending its acquisition of MBNA, to shift the processing of its consumer card portfolio in house in October 2006.

READ MORE »

Sponsors

News View

Payments Consultants

Subscribe

Languages