Visa has published a new white paper titled, "The inefficiencies of cross-border payments: How current forces are shaping the future" (PDF) by Dr. Yoon S. Park, PHD & DBA, George Washington University.

MasterCard has announced the election of Nancy J. Karch and Tan Teong Hean to its Board of Directors, effective immediately.

Dave Birch blogs about the give and take between mobile operators and banks as they jockey for position in mobile payments. He says it's not concerns about security that are at issue - rather, it's all about control. He notes a recent announcement by Rabobank in the Netherlands of Rabo Mobile - where the bank will be distributing the handsets to customers.

Bank of America has chosen Giesecke & Devrient (G&D) to provide Over The Air personalization services as part of a trial to test radio frequency contactless payment companion devices.

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