Last week, Glenbrook's Allen Weinberg attended the Electronic Transaction Association's annual meeting in Las Vegas and, among all of the usual convention floor exhibits, one new company struck his fancy: SellitSAFE. Read Allen's commentary on the company.

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On Thursday, First Data Corp. reported financial results for the first quarter. A replay of the conference call held by management is available through this Friday on the FDC site. The Seeking Alpha blog has posted a transcript of the call that makes for interesting reading.

Kyodo News reports that Intel has invested 5 billion yen (about $42 Million) into Japan's BitWallet, provider of the Felica-based Edy electronic money service.

Reuters reports from China on comments by Citigroup's China chief, Richard Stanley, that the "lessons Citi learned from a credit card boom that turned to bust in South Korea will be invaluable as China learns to love plastic money."

Jolayne Houtz writes for the Seattle Times about the use of credit cards by high school teens.

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