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.
Ina Steiner reports for AuctionBytes.com that First Data's BidPay unit is closing down operations on December 31, 2005.
This week's Top 11 Most Popular News Stories on Payments News are:
Kim Norris reports for the Detroit Free Press on the growing number of banks who are beginning to offer health savings accounts.
Harold Davis reports for the Stamford, CT Advocate on GE Consumer FInance's new private label credit card for Carvin Music.
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.
HSBC -- 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.
Laura Wides-Munoz reports for the Associated Press on increasing focus by US banks on the international remittance market.
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.
Kara McGuire reports for the Minneapolis - St. Paul StarTribune on Autumn and Nathan Warden and their consumer debt burdens.
Bankrate.com advises consumers how to deal with their credit card debt - aggressively.
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.
Digital Transactions takes a deeper look at mobile payments startup TextPayMe.
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.
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.
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.
Bank 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.
TSYS 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.
Note: Throughout the day, as Payments News happens, this post is updated.