MasterCard Incorporated has announced that its "initial public offering of 61,520,912 shares of its Class A common stock has been priced at $39.00 per share. The shares will begin trading tomorrow on the New York Stock Exchange under the trading symbol "MA." The company will retain $650 million of the proceeds of the sale, with the remainder used to redeem shares held by current shareholders."   » Continue Reading

TransUnion has announced Turnkey Triggers, "a new service that assists marketers in reaching prospective customers within hours of learning about changes to their credit profile that may predict newfound responsiveness to a targeted firm offer."   » Continue Reading

Japan and South Korea lead the world in adopting contactless payment solutions. Both countries have implemented nationwide services on a commercial scale. According to Senior ABI Research analyst Andy Bae, "Small payment transactions are a major goal for Japanese and South Korean credit card companies. To spot new opportunities and increase revenue, mobile operators and card issuers must continually assess their positions in the value chain."   » Continue Reading

Viewpointe has announced that all of its owner banks (Bank of America, JP Morgan Chase & Co., SunTrust, U.S. Bancorp, and Wells Fargo) are actively in production with ImageShare and Pointe2Pointe services. These five financial institutions clear approximately 2.5 billion checks amongst themselves.   » Continue Reading

Experian Consumer Direct has announced the results of a nationwide study on consumer debt that shows consumers have increased their debt by more than 12 percent over the past two years. Minimum monthly payment obligations also increased by 10 percent during the same time period.   » Continue Reading

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