APACS has announced a new report finding that "the number of cheques written by individuals has halved from 2.0 billion to 1.0 billion in the last ten years. The Way We Pay 2007: UK Cheques reveals that in 2006 cheque volumes declined at their fastest ever rate, falling by eight per cent. Last year, only 54 per cent of adults made payments using cheques and only 47 per cent received a cheque payment. On average we now write 1.6 cheques a month and receive just one every two months, with half of adults no longer receiving any. For personal payments, cheques have fallen from one in four non-cash payments in 1996, to just one in 14 in 2006. In the retail sector the decline has been particularly rapid, with cheques accounting for just three per cent of all non-cash transactions."   » Continue Reading

APACS has announced that "ten million UK-issued payment cards have now been registered with MasterCard SecureCode and Verified by Visa services – making these cards more secure when shopping online. Using these services is quick and easy. Cardholders sign up and choose a private password, which they then use when shopping at participating retailers." APACS has published a new guide for consumers titled "How to protect cards against online fraud" (PDF).   » Continue Reading

Consumer Reports has published results of a consumer survey into the best and worst credit cards conducted by the Consumer Reports National Research Center that asked 36,298 readers about their experiences with 61,944 credit cards. USAA Federal Savings and the Navy Federal Credit Union ranked highest in the results. CNNMoney reports that five of the largest Visa and MasterCard issuers earned mediocre ratings by consumers.

GE Money has announced an agreement to purchase the proprietary consumer credit card business from Chevron Corporation subsidiaries, Chevron U.S.A. Inc. and Chevron Credit Bank, N.A. GE Money Bank will own and operate the Chevron- and Texaco-branded consumer credit cards.   » Continue Reading

Coinstar E-Payment Services Limited and PayPoint have announced an agreement to team and to make available a gift card program for PayPoint retailers at more than 17,000 outlets in the United Kingdom.   » Continue Reading

• PayPal’s New Logo – Behind the Scenes…
• Boston Globe: Theft at Monster alarms experts
• Family Finances: Debit cards can help avoid debt
• UK: ‘Illegal’ overdraft fees cost bank customers an average £742 each
• Branded Prepaid Cards: A Smart Addition to Your Student’s School Supplies List
• ATMs: Pushing the Envelope, Straight into the Dustbin

Jim Bruene (of the Online Banking Report) and I had a discussion yesterday about the evolution of mobile banking in the US market. He writes about it here on his Mobile Money & Banking blog. Back in February, Jim published is first forecast of how this market would evolve. In his blog post, he reflects on the dynamics of the market since that time and makes some adjustments to his thinking. He's looking for comments from industry participants - and providing a bit of a bounty to entice you to share your thoughts.

BidPay has announced it is reducing the fees it charges online merchants and auction sellers and streamlining the purchase process when BidPay is used. On a $50 purchase, fees paid by merchants on domestic US payments will be reduced from $1.75 to $1.345 - a 23% reduction.   » Continue Reading

Brent Bowers reports for the New York Times on the recent decision in a patent litigation case between AdvanceMe and AmeriMerchant. In its decision in the case, the court found the patent to be invalid because it was "obvious and anticipated." AmeriMerchant's David Goldin is profiled in Bowers' article. Goldin also has his own blog - called the "Merchant Cash Advance Blog" where he provides more background on the litigation.

Yesterday, Visa Inc. filed with the SEC Amendment No. 4 to the Visa Inc. Form S-4 Registration Statement. Visa filed its original S-4 on June 22, 2007. Also included in yesterday's filing were a series of new exhibits including consents from newly named board members.

Mahesh Sharma writes for The Australian about National Australia Bank and Visa trials of mobile payments involving around 200 people and 30 stores in the greater Melbourne area. "Consumers' banking information will be embedded in SIM cards contained in smart phones that can be read by waving them over specially designed sensors. The banking information can then be used to pay for goods and services."

• Forrester: Consumers Don't Enjoy Financial Services
• Wall St. Journal: Alternative Way to Pay Utility Bills Draws Fire
• New York Times: Wariness Urged in Using Credit Cards for Medical Bills
• Canadian Check Imaging Changes Could End Paper Process
• U-SAM Chip Shows the Way for Contactless Technologies in Japan, According to ABI Research

Visa has announced the members of Visa Inc.'s Board of Directors who will serve after the completion of the proposed restructuring. Visa also announced the appointment of Byron Pollitt, Jr. as Chief Financial Officer designate of Visa Inc.   » Continue Reading

Henny Sender writes for the Wall St. Journal's Heard on the Street column about the negotiations underway between KKR and the banks to complete the financing of KKR's acquisition of First Data.

Mercator Advisory Group has published a new report titled "Alternative Payment Services: Moving into Traditional Payment Territory" that offers "an in-depth look at the principle providers of alternative payment services" and "examines the payment modalities supported by these alternative payment services and the consumer demographics they appeal to."   » Continue Reading

People's Daily Online reports on an announcement by the People's Bank of China about the China National Advanced Payment System - a high-value payment system that enables instant clearing between banks nationwide. A bank spokesman also said "the central bank has also been promoting the use of bank cards, and nearly 1.3 billion bank cards had been issued."

Aneace Haddad blogs about a recent story in the Los Angeles times about merchants offering discounts for cash purchases - vs. cards - and speculates how the future might be very different if merchants had the legal ability to selectively surcharge for cards. He says such a world would "automatically force payment schemes to think seriously about the benefits they provide to merchants when they come up with a new card product with higher interchange fees attached."

Technically oriented bankers considering their mobile banking strategies may find Cameron Moll's new book "Mobile Web Design" helpful. Moll writes in his introduction that "web content on mobile devices can be every bit as good of an experience [as the desktop experience], but in its own right. If we treat the mobile web as its own environment rich with possibilities, rather than a crippled extension of the desktop experience with restrictive limitations, we begin to understand how to embrace and even exploit those possibilities."

Visa Europe has filed (as part of Visa Inc.'s SEC filings) a Form 425 filing detailing its new Articles of Association (for remaining as a separate entity from Visa Inc.), the form of its put/call option agreement with Visa Inc., and various other changes. Visa Europe has also called an "extraordinary meeting" for Sept. 21 in Brussels to obtain member approval of the proposed changes and agreements.

• Canteen Vending Services Installs USA Technologies' e-Port(R) Card Payment Solution
• Upromise Launches Innovative Way to Help Merchants Increase Customer Loyalty While Providing New College Savings Opportunities
• State National Bank of Big Spring Chooses Comodo Two Factor Authentication For Its Online User Authentication Operations

The Early Show on CBS this morning interviewed Consumer Reports Money Adviser Editor Greg Daugherty about mobile banking - who says it's "been around about since the beginning of the year. But I think most consumers are probably hearing about it just about now."

NCR has announced that it has entered into a global reseller agreement with MShift, a San Jose, California-based provider of customizable wireless solutions. NCR will offer the MShift Mobile Banking Solution as part of its suite of Internet banking services enabling "financial institutions to provide customers with anytime, anywhere access to online banking services via their cellular phone, personal digital assistant (PDA), and other wireless devices."   » Continue Reading

Diebold has announced that it has been granted five U.S. patents over the last 18 months "covering a variety of applications that enable mobile devices to interact directly with bank ATMs. These technologies extend beyond current mobile banking practices that permit using mobile phones to conduct online banking transactions such as transferring funds or checking account balances."   » Continue Reading

Fair Isaac has announced that it will team up with NYCE Payments Network to "deliver innovative device-profiling technology to the debit card industry, providing NYCE Network participants with one of the best fraud detection and prevention offerings in its class."   » Continue Reading

The PULSE ATM/debit network has announced it is offering "utility companies, lenders and certain other billers a new payment option that enables consumers to automatically pay recurring bills using a debit card without entering their personal identification number (PIN)."   » Continue Reading

Tablus has announced results of a "survey of 400 consumers' views on brand equity as it relates to data breaches and found that 87 percent lost respect for businesses that lost sensitive customer information."   » Continue Reading

ClairMail has announced ClairMail System Release 3, calling it "the first and only platform to support the “triple play” of all three user interface types available for mobile banking and payments: messaging (SMS and email), mobile web and native client applications."   » Continue Reading

Rebecca Buckman writes for the Wall St. Journal about TrialPay, a Mountain View, California-based startup that allows web merchants to offer consumers goods and services for free - if the consumer accepts another unrelated offer such as agreeing to open a new credit card account. Buckman writes about Zagat's use of TrialPay: "Zagat gets paid by the partner Web merchants for directing business their way -- sometimes even more than the $24.95 cost of a yearly Zagat subscription." More details at the TrialPay web site - and in this earlier article we posted on Payments News for July 17, 2007.

• AP: Credit Card Defaults Mounting
• Paymetric Announces Release of XiSecureTM, Encryption Management Solution for Enterprise Systems
• Visa Helps Office Depot Customers Speed Through Checkout Lines
• Merchant-Accounts.ca and Comodo Announce Strategic Partnership To Deliver PCI Compliance and Web Vulnerability Scanning to Its Canadian Customers
• Metavante Signs Two New Canadian Utility Clients for Document Composition Solution
• Bill Me Later, Inc. Named Sixth Fastest Growing Company by Inc. Magazine
• Memphis Daily News: Consumers Beware: Credit Pain Could Last Years

We have received news of the following recent management changes:

• Roger A. Barrios has been named chief information officer of TSYS Acquiring Solutions. Barrios was most recently CIO of RBS Lynk.

Visa USA has announced results of a study of generational spending preferences that it says "debunks stereotypes and highlights the impact and consequences of one generation passing the mantle of economic influence to the next."

According to the study, "an overwhelming majority of both Baby Boomers (79 percent) and Echo Boomers (74 percent) believe that our society will one day operate without cash and checks and will conduct all payment transactions electronically."   » Continue Reading

7-Eleven has announced that its stores have begun selling the Vanilla Visa Gift Card issued by Elan Financial Services and distributed by InComm.   » Continue Reading

The Smart Card Alliance Contactless Payments Council has announced new resources for merchants wanting to know more about accepting contactless payments. A new white paper titled "Accepting Contactless Payments: A Merchant Guide" (PDF) and a presentation titled "Contactless Payment Deployment: Merchant Implementation Guide" (PDF) are available free of charge online.   » Continue Reading

In an article titled 'In Online World, Pocket Change Is Not Easily Spent", Dan Mitchell writes for the New York Times about micropayments - noting that successful approaches seem to based upon aggregation of transactions, helping to reduce the payment system costs by consolidating multiple small purchases into a single, larger purchase amount transaction. Earlier efforts that involved prepaid-like characteristics (with consumers pre-funding an account) have failed.

Elizabeth Douglass of the Los Angeles TImes reports on how more gas stations are offering consumers discounts for paying with cash instead of credit cards. According to Douglass, the merchants are trying "to dodge the rising fees that credit card companies tack onto transactions."

Rebecca Jones writes for Denver's Rocky Mountain News about consumer attitudes toward online banking - reporting the fears about security remain the "No. 1 roadblock." She reports that "online banking's greatest advantages - easy access and paperless transactions - also are its greatest liabilities in the minds of some."

Valerie Bauerlein writes a page 1 story for the Wall St. Journal about Bank of America and its CEO Ken Lewis. She writes about last week's investment of $2 billion by Bank of America in Countrywide Financial saying that investment "helped stabilize the credit markets and gave Bank of America a foothold in the nation's biggest mortgage lender."

• TowerGroup: Financial Institutions in Race to Capture Small Business Segment
• BancorpSouth’s Michael Lindsey Discusses Mobile Banking
• Discover(R) Small Business Watch(SM): Small Business Economic Confidence Falls
• Qualys and AsiaPay Partner to Deliver On Demand Risk and Compliance Solutions to Asia
• Crown Financial Services, Inc. Announces a new Merchant Cash Advance Program that will Open the Door to the Financial World for Many Retailers

We have received news of the following recent management changes:

• David E. Kaplan has been named Chief Financial Officer of Arcot Systems. Prior to joining Arcot, he served as chief financial officer at Dragon Media Online, Inc.
• Trent Sorbe has been named Senior Vice President of Credit Products for Meta Payment Systems. Sorbe previously served as president of Fishback Financial Corporation’s national products group in Brookings, South Dakota.

Jane Kim reports for the Wall St. Journal that a number of credit card issuers have raised interest rates and fees over the last several months. She reminds consumers to be on the lookout for the notification letters that announce those changes - "they will usually notify you in advance and give you the chance to opt out of any changes."

Detroit Free Press columnist Susan Tompor writes about needing to be careful using debit cards - to avoid bank overdraft charges. She writes "in the last few years, banks and credit unions began allowing more debit card purchases to go through at checkouts as a convenience to consumers, even if there is not enough money in the checking account."

Nicole Monroe Bell writes for the Charlotte Observer about loyalty cards going higher tech - delivering tailored coupons from kiosks to consumers as they enter stores.

Greg Bluestein writes for the Associated Press about new interest among fine dining restaurants in small point-of-sale terminals that can be brought to the table - enabling diners to complete their payment, add on a tip, and be done without handing their payment to a waiter. Restaurants are rapidly becoming the last places that consumers allow their cards to leave their sight - and have proven to be the greatest sources of mag stripe skimming.

Susan Chandler writes for the Chicago Tribune about the potential spill-over effects of the mortgage crisis on the ability of consumers to repay their credit card debt. She quotes Harvard law professor Elizabeth Warren: "Families have been making up the shortfall with credit and someday, perhaps someday very soon, the credit music will stop."

In article titled "Credit Cards Rates Rise for Some With Poor Credit", Scott Mayerowitz reports for ABC News that "several credit card companies in recent weeks have started to jack up rates for some customers, and other lenders are tightening standards for auto and personal loans."

Obopay's BillMonk has introduced what they call "debt shuffling" - but it's really all about computing a net settlement position for social debts owed to a network of friends.

M.P. Dunleavey reports for the New York Times on payment cards being marketed "squarely at teenagers". A recent survey is cited concluding that "less than half [the teenagers surveyed] said they understood how a debit or credit card worked."

APACS has announced telephone, Internet banking and eCommerce figures for 2006 revealing that "in the past five years the greatest proportion of new internet banking users are in the over-55 age group. The five-year growth statistics for online banking show that the number of adults in the UK using online banking has increased by 174 per cent from 6.2 million in 2001 to 17.0 million last year. This includes a 350 per cent increase in usage amongst the over 55s."   » Continue Reading

• UK: Monitise aims to make mobile banking ubiquitous

Cooler, a new web site that enables consumers to eliminate the global warming impact of the goods and services they purchase online, has been launched by Redefining Progress, a think tank that helped design America’s most ground-breaking global warming laws and the Ecological Footprint and was supported by the David and Lucille N. Packard Foundation and the Rockefeller Brothers Foundation.   » Continue Reading

PayPal's Dan Schatt (formerly an industry analyst for Celent and thirty days into his new strategy role at PayPal) blogs about his views on three important payment trends: 1) Cash continues to become electrified; 2) Convenience is spurring debit; and, 3) In a saturated market, rewards matter. Dan welcomes comments about his views over on the PayPal Blog.

James Scurlock, author of Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders and the documentary film Maxed Out, writes for the Huffington Post about the current credit crisis in subprime mortgages. He says that "as the refi cash stops flowing, it is a mathematical certainty that people will be forced to stop paying the credit card bill as well."

Midwest Airlines has announced that PayPal is now available as a payment option to those purchasing tickets on the Midwest Airlines Web site.   » Continue Reading

• No Credit Card? No Problem. Bill2Phone Lets Customers Tack Online Purchases Onto Their Phone Bill

At Glenbrook, we're fans of the work that Jim Bruene does with his Online Banking Report. Last week, he announced a new conference, FINOVATE 2007 to be held on October 2nd, 2007, in New York City. See Jim's NetBanker blog post for more background on the conference.

Jim has graciously extended a special discount offer to Payments News readers - use the code BLOGD1 when you register and save $100 off of the normal registration fee. If you register before the end of August, your cost to attend will be $395 vs. the normal $695 fee. This special offer is good for the first 25 Payments News readers to register. There are less than 100 seats remaining - so if you're interested in attending, be sure to register promptly!

Although branch banking still ranks first overall among consumer's usage, younger customers are continuing to choose the anonymity of their laptops over the human contact of a teller, according to a survey released today by the American Bankers Association.   » Continue Reading

"ONE Payment Alliance Corp., a collaborated payment processing service with ChinaPay, ECONTEXT, and INICIS, announced today it has launched an online payment processing service for China, Japan, and Korea market with a single interface, a single merchant service, and a single payment gateway to reach out to online consumers in the three largest economies in Asia. This alliance service is available to begin online payment processing services to many global merchants wishing to conduct online business in China, Japan and Korea immediately."   » Continue Reading

A new ABI Research study titled "Near Field Communication Semiconductors" concludes that "Near Field Communications (NFC), and its leading application, contactless payment, offer financial institutions a way to move small transactions out of the cash economy and into profitable credit-based systems. For consumers who hate to wait, they offer faster, easier checkout, just by waving a wireless phone near a point-of-sale reader. But the development of the market for the chipsets that underpin the technology has been slow. The main reason for this, according to ABI Research senior analyst Douglas McEuen, is security: the financial institutions and industry standards-setting bodies around the world can't yet agree on the appropriate levels and methods of data protection."   » Continue Reading

Visa USA has announced that "Shell stations are adopting Visa partial authorization, which allows drivers to more easily purchase gas at the pump using a Visa prepaid card. Shell is in the process of expanding this service at stations across the U.S."   » Continue Reading

The PayPal Developer Blog reports on PayPal's new logo.

Yesterday, Visa Inc. filed with the SEC Amendment No. 3 to the Visa Inc. Form S-4 Registration Statement. Visa filed its original S-4 on June 22, 2007.

Evan Schuman blogs on StorefrontBacktalk.com about PCI-DSS compliance, saying "PCI deployment isn’t perfect, but it’s quite impressive how far it’s come given the mammoth obstacles."

• ISTS Worldwide Named 25th Fastest Growing Private Company in America on the 2007, Inc. 500 List
• TSYS Collections and Recovery System Adds Commerce Bank of New Jersey to Customer Roster
• RemitPro, Vanco Services Join Forces to Help Companies Benefit From Check21 and Remote Deposit Capture
• Capital One Offers Disaster Planning Guidelines for Small Business Owners
• NetSuite Integrates with CyberSource

In an article titled 'Cash rules at some pumps", Elizabeth Douglass writes for the Los Angeles Times about how "at more and more gas stations, it pays to be part of the cash crowd."

The latest Chicago Fed Letter is titled "Using Payment Innovations to Improve Transportation Networks: A conference summary" (PDF). It contains a conference summary from a session held on June 12, 2007.

AccountNow, a marketer of network branded prepaid cards for the estimated 40 million underbanked consumers in the US market, has announced that the Center for Financial Services Innovation’s new Catalyst Fund is the final investor in the companies third round of venture funding announced in June.   » Continue Reading

In its Occasional Papers series, the European Central Bank has published a paper titled "The Economic Impact of the Single Euro Payments Area" (PDF) by Heiko Schmiedel. From the abstract: "...banks are expected to face downward pressure on their revenues as competition will increase across borders and as a result of new market entrants."

NEC Corporation and Valista International have announced forming a "strategic partnership to target payments solutions business opportunities in Japan with secure and flexible payments offerings." The two companies also said that "the partnership also has sights beyond the Japanese domestic market aiming to expand into the global telecommunications market combining NEC's proven strength in system integration and Valista's global experience in payments, settlement, and merchandizing solutions."   » Continue Reading

The American Bankers Association has announced results of a recent survey concluding that "sixty-five percent of consumers spend $3 or less in monthly fees for bank services such as checking account maintenance and ATM access." The ABA also reported that the "portion of consumers this year that pay no bank fees grew to 52 percent, a 9 percent increase from 2006."   » Continue Reading

Jane Kim reports for the Wall St. Journal that some card issuers have "recently raised fees and interest rates for some of their credit-card customers."

• American Express Announces Office Depot and Braum's Ice Cream and Dairy Stores to Accept ExpressPay for Contactless Payments
• Zopa: Getting bigger and bigger and bigger
• Bulk Check Deposit ATMs Provide Better Banking Experience for Customers, Say Surveyed Bank Executives

First Data Corp. has announced that it has received all domestic and international regulatory approvals required to close the pending merger with an affiliate of Kohlberg Kravis Roberts & Co. (KKR). "Achieving this milestone is a critical step for First Data and KKR. We continue to work closely together to ensure a smooth transition and expect to close the transaction by the end of September," said First Data CEO Ric Duques.

John Crudele writes for the New York Post about one of the more interesting effects in the current credit cycle: why aren't people falling behind in paying their credit card bills? He says "going against conventional wisdom, people are handling their credit-card bills much better than their mortgage payments."

TSYS Europe and The Gift Voucher Shop (GVS) have announced the launch of GVS’ One4all retail gift card campaign in five major Irish Post Offices in Dublin and on the GVS Web site, www.giftvouchershop.ie.   » Continue Reading

Glenbrook's Russ Jones recently took a deeper look at eBay's 10-Q SEC filing for some more details about the growth of PayPal as reflected in its second quarter results.

Actimize has announced that it has expanded its cross channel Remote Banking fraud prevention solution with new Mobile Banking capabilities.   » Continue Reading

Gemalto and NXP Semiconductors have announced they are collaborating on "SIM-enabled Near Field Communication (NFC) solutions based on the Single Wire Protocol (SWP). Both companies will together define and develop SIM products for SWP-based solutions to ensure interoperability with MIFARE technology as well as other widely deployed contactless protocols. This agreement will enable the industry to rapidly address the growing demand for NFC-based applications among telecom operators, service providers and consumers."   » Continue Reading

eMarketer reports that "estimated US retail e-commerce sales for the second quarter of 2007 totaled $31.8 billion on a not-adjusted basis, according to the Census Bureau of the Department of Commerce."

BJ's Wholesale Club has announced that it has partnered with Barclays to launch the BJ's Visa Card. The two companies say the "new credit card offers cardholders a faster, more consumer-friendly way to earn BJ's Bucks, and introduces a number of new, convenient card features that provide additional value to qualified BJ's Members." The card includes Visa's payWave contactless technology.   » Continue Reading

Barclays has announced that its U.S. credit card business has passed the $5 billion mark in credit card receivables, calling itself "the fastest growing major credit card issuer in the United States."   » Continue Reading

Ross Kerber reports for the Boston Globe that a suspect in the TJX payment card data breach has been arrested - although it's not clear whether he's the mastermind behind the attack.

• Wells Fargo Fixes Computer Problem, Restores Service
• Business Bankruptcy Rates Continue to Rise in 2007
• Five Reasons Why Google Checkout Converts Better
• Computerworld: Your data's less safe today than two years ago
• ClickandBuy Chooses mBlox for Worldwide SMS Project
• Panini Announces Small Business Initiative for Distributed Capture
• First American Payment Systems and Certified Payment Processing Enter Into Patent License With LML
• Record Growth at Voltage Security Ushers in Era of Information Encryption
• Corum Leads the Sale of Creditron to Purepay
• IP Commerce Introduces Multiple Payment Service Connectivity to Microsoft Commerce Server 2007
• IP Commerce Enters Enterprise Retail Market with Commerce Toolkit
• Star Network Offers STARsf Participants Surcharge-Free Access to Allpoint ATMs

Remittances to Mexico, free trade and cross-border banking are the focus of the Federal Reserve Bank of Dallas' latest issue of Southwest Economy (PDF). According to the Fed, "over the last decade or so, inflation-adjusted remittances [to Mexico] have grown at an average annual rate of 15.6 percent. Since 2000, the rate has risen to 20.4 percent."   » Continue Reading

Aaron Elstein reports for Investment News on the leveraged buyout of First Data Corp by KKR - and the potential challenges ahead in getting the deal's financing completed over the next five weeks.

In an article titled 'Charge It!", Elizabeth Holmes writes for the Wall St. Journal about how small businesses can get the best deal on merchant payment card processing. Holmes writes that "navigating the payment-card processing system can be an overwhelming and costly burden. With fees tacked on by as many as 12 intermediaries, from the equipment provider and the Internet service to the card issuers themselves, payment processing is often the third- or fourth-highest expense for a small business."

Online Resources and Fair Isaac have announced a partnership to "accelerate access to industry-leading collections and payment capabilities for hundreds of collection agencies and debt buyers."   » Continue Reading

Federal Reserve vice chairman Donald L. Kohn and Karen E. Dynan, a Fed economist, have written a paper titled "The Rise in U.S. Household Indebtedness: Causes and Consequences" (PDF) that, according to David Leonhardt writing for the New York Times, "says that consumer debt soared over the last six years mainly because of the rapid increase in housing prices. The research suggests that consumer spending may slow down over the next few years."

• Lloyds TSB Helps Americans Avoid Delays in Setting Up UK Bank Accounts Through 'Borderless Banking' in Dollars, Sterling and Euros
• Qualys and AsiaPay Partner to Deliver On Demand Risk and Compliance Solutions to Asia
• Cyveillance Reports 63 Percent of Malware Distributed by US-based Web Sites
• GMAC Financial Services Names Al de Molina to Newly Created Position of Chief Operating Officer
• Wachovia Surpasses $1 Billion in Daily Remote Deposit Capture Transactions
• PSCU Selects Sterling Commerce B2B Transaction Solution for Centralized Credit and Bill Payment Services
• Elder Care Bill Pay From Premier Payment Services Pays Bills, Manages Money for Seniors
• Caliber Data, Inc., Online Local Advertising Provider, Signs Letter of Intent to Partner with enStage, Inc. - a Global Provider of Purchase Transaction and Consumer Loyalty Card Tracking Services
• New Scientist: Enter your PIN using only eye movements
• TransUnion Enhances Fraud Management Role in India with Strategic Hire
• Wachovia Launches Podcasting Technology on Wachovia.com
• Visa Warns Merchants of Deadline for PCI Compliance

Online Banking Report's latest issue titled "The Market for Fraud Protection, Identity Theft, and Credit Monitoring Services" recommends that "the time is right for ALL financial institutions to add identity protection/monitoring to their online offerings. The service has been optimized for Web delivery; it provides clear user benefits; it’s relatively easy to implement, and it can directly contribute to the bottom line in real, fee-based dollars, not nebulous intangibles.”

• ISD Corporation Announces Professional Services Hires
• Global Payments Announces End-to-End EMV Chip Certification in Canada
• Deposit automation expected to fuel U.S. ATM replacements
• Blue Bamboo Partners with KPay for Beijing Transit Card Payment Solution
• Bank of America and National Football League Announce Historic "Official Bank of the NFL" Agreement
• ISTS Worldwide Develops Kiosk Applications on Verifone MX870