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October 22, 2007

American Express Reports 3Q07 Results

American Express has announced financial results for the third quarter - reporting that "third quarter diluted EPS from continuing operations" increased 18% over last year. Worldwide billed business grew 16% to $162.5 billion, worldwide cards in force great 11% to 84.7 million, and worldwide average spending per proprietary card increased 8% to $3,006 in the quarter.

Identity Fraud Trends and Patterns

Utica College’s Center for Identity Management and Information Protection has published the results of what it is calling "a landmark study of closed U.S. Secret Service cases involving identify theft."


This Week's AFP Conference in Boston

Glenbrook's Carol Coye Benson is attending this weeks Association of Financial Professionals (AFP) conference in Boston. She filed her first report from the conference earlier this morning.

Wells Fargo Launches SMS-based Mobile Text Banking Service

Wells Fargo has announced what it calls "another component of its Wells Fargo Mobile service: text banking. This addition makes Wells Fargo the first major financial services company in the country to offer its consumer and small business customers both browser- and text-based account access via their mobile devices." Wells Fargo has posted an FAQ on the new Wells Fargo Mobile text banking service.


IBC Bank Selects mFoundry for Mobile Banking

mFoundry has announced that IBC Bank, the Laredo, Texas-based bank of International Bancshares Corporation, has selected mFoundry's Mobile Banking solution to provide IBC’s customers with real-time, on-demand access to their IBC checking, savings and credit card accounts.


Sybase Launches mBanking 365

Sybase 365 has announced the availability of Sybase mBanking 365 - calling it "an innovative new suite of products for the financial industry enabling banks to interact with customers in real-time through mobile alerts, two-way banking services, out-of-band authentication, and marketing campaigns."


First Data to Market MasterCard Payment Gateway

MasterCard Worldwide and First Data Corp. have announced that "First Data will make the MasterCard Payment Gateway available to its network of 3.5 million merchant locations throughout the United States."


Visa Money Transfer Goes Mobile in India

Visa has announced that it is extending its Visa Money Transfer service in India with a new mobile capability developed by mChek. Visa Money Transfer, launched by Visa in India in 2004, is a domestic card-to-card money transfer service that enables a Visa cardholder to transfer money conveniently and securely to another Visa account number. mChek is providing the software for mobile handsets and processing capabilities to link up to VisaNet, Visa’s global transaction processing network, for the new mobile service.


Bank of America Helps Automate Cash Handling for Retailers

Bank of America has announced that the national restaurant chain Chick-fil-A is piloting a "revolutionary Bank of America technology that will automate and simplify cash handling for retailers and give them faster access to funds."


Washington Trust Renews with NYCE

NYCE has announced The Washington Trust Company has agreed to "a long-term NYCE Network participation renewal, which names NYCE as its sole provider of retail PIN debit and domestic ATM card access."


Headline News - October 22, 2007

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit Employers looking to hire payments professionals can post their job openings there as well.

Who's News - Payments Professionals Management Changes

We have received news of the following recent management changes:

  • Rod Dir has been named Chief Operating Officer at Firethorn Holdings where he will oversee the company's sales, marketing, product development, customer care, product implementation and service delivery. Dir was most recently Chief Operating Officer at Cincinnati Bell, Inc.
Announce yourself! Have you recently taken on a new position in the payments industry? If you'd like to share the news with your colleagues, be sure to tell us about it. Are you looking for a new payments-related job? Or are you needing to find someone great? Checkout the Payments Jobs job board.


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