CNET News.com writer Elinor Mills posts an interview with PayPal's CTO Scott Thompson about "new security measures in browsers and at Internet service providers' e-mail gateways that should help people differentiate legitimate PayPal e-mail from spam." Thompson says "we are a 7-year-old start-up with 6,000 people, and the best is yet to come from PayPal."

MasterCard Worldwide has announced that it has signed a development agreement with ASK to create paper-based contactless payment solutions for use in transit and other payment environments.   » Continue Reading

MasterCard Worldwide has announced it has assigned the PayPass ISO/IEC 14443 Implementation Specification v1.1 to EMVCo, the EMV standards body jointly owned by JCB, MasterCard Worldwide and Visa International - saying the move "signals significant progress towards a common platform for contactless EMV payment transactions."   » Continue Reading

MobileLime has announced it is merging with Cuesol, a provider of interactive shopping, marketing and self-service solutions for grocers. The companies say "the merger will allow the companies to combine MobileLime’s mobile rewards and payment platform with Cuesol’s range of Web, kiosk and shopping cart solutions."   » Continue Reading

Payoneer has announced that it has secured $4 million in a Series A venture funding led by Greylock Partners. Payoneer says it "will use the additional funds to expand its services for Web 2.0 companies and other businesses that need faster, easier and more cost-effective ways of paying people around the world."   » Continue Reading

Greg Farrell writes for USA TODAY about Wells Fargo CEO Dick Kovacevich - saying he "may well be the best banker you've never heard of." The focus on cross-sell at Wells Fargo has been relentless - Kovacevich says "the cost to us of selling a product to an existing customer is only about 10% of selling the same product to a new customer."

Zhang Fengming reports for the Shanghai Daily on plans by China UnionPay to expand into eight more overseas markets this year - including Denmark, Sweden, Norway, Iceland, Egypt, South Africa, England and Canada. "We plan to build up UnionPay as the second passport of Chinese in the overseas market in our five-year plan," said Yan Qiang, assistant president of UnionPay. "UnionPay aims to cover 99 percent of overseas countries and regions where Chinese travel."

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