CBS News' Ray Martin takes a look at increases in minimum payments for credit cards.
Jamie Chisholm reports for FT.com on the shifting moods of UK consumers with respect to borrowing as consumers cut back on credit card borrowing and towards secured borrowing.
This morning's Wall St. Journal's cover story by Dionne Searcey and Amy Schatz is about how telephone companies are gearing up to charge fees to the major Internet content providers - the likes of Google, Vonage and others - for providing high-quality delivery of content over the Internet.
Claire Parker reports for the Fayettville (NC) Observer on local merchants dropping paper checks as a payment method.
Companies have banned or changed the way they process checks not because of the ease of electronic payments, but because they are protecting themselves.
Here's another Ask Glenbrook question:
Where can I find official ecommerce sales volumes?
In the latest issue of its monthly Navigator newsletter (subscribe), First Annapolis has provided its second annual update to its list of the world's largest merchant bank card acquirers. Prepared by Charles Marc Abbey and Olga Czabaj from a variety of data sources, the list is based on acquirers who are doing business in one of the four large acquiring markets in the world: US, UK, Canada and France.
US Bank Voyager Fleet Systems has announced the acquisition of Advent Business Systems, Inc., based in San Mateo, Calif. Advent provides technology that is deemed to be the most powerful, comprehensive and complete accounting management systems available to the petroleum and energy product supply chain. Terms of the transaction were not disclosed.
BitPass has announced it has acquired substantially all the assets of Yaga, Inc., a developer of payment and accounting solutions for content providers.
Mary Rowland reports for MSN Money on ten steps credit cardholders can take to deal with their credit card debt.
The average American pays more than $1,000 a year in interest fees and carries a balance of $9,100 on two to three bank credit cards, according to recent estimates. And credit card companies are tacking on new fees and raising interest rates that make it even more expensive.
Note: Throughout the day, as Payments News happens, this post is updated.
According to the Mercator Advisory Group, US credit card issuers are under increasing pressure as their business growth has shrunk to near or below 5% annually. To address the needs of US credit card issuers for growth, Mercator has published a new research report titled "Opportunities for Growth in US Credit Card Issuing".
First Data Corp. has announced that Ed Labry, president of the company's Prepaid Services, will assume additional responsibility for leading First Data's Domestic Merchant Services business. The company also announced today that following a 60-day transition period, Scott Betts, president of Domestic Enterprise Payments, will depart the company.
Business Week reports that Visa USA has announced that overall sales volume on its cards during the holiday season between October 31 and January 1 rose 17.5 percent to $257 billion. Visa said about $26.5 billion, or 10.3 percent, of overall spending was conducted online.
All of the following approaches protect the data in the database against both outside attackers and malicious insiders. That's because these tactics work by either eliminating or scrambling sensitive information so that it no longer poses a security risk.
TowerGroup has announced new research by senior analyst Beth Robertson that find that increased consumer comfort and familiarity with online bill payment will help drive consumers toward adoption of other online services -- such as bill presentment, the use of non-traditional payment options, or the use of online account applications -- in 2006.
Market Platform Dynamics has announced a new paper exploring the evolution of mobile payments in Japan and Asia by Andrei Hagiu, an Assistant Professor at Harvard Business School, titled "i-modes and Octopi: Will Asia Reshape the World's Payment Industry?"
Shankar Gupta reports for Online Media Daily this morning that Google appears to be planning to charge pay-per-view for some videos on its Google Video site.
Speculation surrounding the pay-per-view model suggested that the Google online payments system, Google Wallet, would be used by both downloaders and uploaders to send and receive micropayments for video content.
First Data Corp. has named B. Amrish Rau as country manager for India.
This morning's Wall St. Journal has an editorial about Wal-Mart's request pending with the FDIC to enter the banking business. According to the editorial, the request is being opposed by bankers - in particular, the Independent Community Bankers Association.
EMVCo, a joint venture operated by JCB, MasterCard and Visa, has announced the release of the Common Payment Application (CPA) Specification "to facilitate global chip migration and deployment by decreasing the cost, complexity and maintenance requirements of Issuer's card systems."
The latest issue of the FDIC's Supervisory Insights newsletter contains the article "Online Delivery of Banking Services: Making Consumers Feel Secure" by Richard D. Lee, Senior Technology Specialist at the FDIC. This article reviews key findings of an FDIC study that evaluates a variety of identity authentication technologies. The article also focuses on interagency guidance requiring insured financial institutions and service providers to address the protection of sensitive customer data and assets as part of the development of Internet banking products and services.