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January 08, 2008

Fed Reports Revolving Consumer Credit Uptick in November

The Federal Reserve's latest G.19 Consumer Credit report earlier today that revolving credit increased at an annual rate of 11-1/4 percent in November 2007, a significant uptick from months earlier in 2007.

PSCU Financial Services to Offer Mobile Banking to Credit Unions

PSCU Financial Services has announced that it is adopting mFoundry’s mobile financial platform to deliver mobile banking and payment services to credit unions and their membership beginning in the second quarter of 2008.

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The Paradies Shops to Accept Contactless Payments

MasterCard Worldwide has announced that "The Paradies Shops, the nation's leading airport concessionaire, expects to accept MasterCard PayPass contactless payment transactions at its more than 500 retail store locations throughout the U.S. and Canada by late 2008."

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Obopay Enters Indian Market

India's Economic Times reports that "Obopay, the US based pioneer in mobile payment services, on Tuesday said it has signed up with six banks and three mobile telephone providers, including BSNL, for its formal entry into the Indian market."

Capital One Supports Personalized Images on Credit Cards

Capital One has announced the addition of a new “personalized image” feature for its customers. All Capital One consumer credit card customers now have the option to visit the Capital One web site and upload their own photo images – family, friends, pets, or a favorite picture – to be printed on their card, at no cost.

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Alternate Payment Services Have Some Pitfalls

SmartMoney's Kelli B. Grant writes about alternative ecommerce payments - Bill Me Later, PayPal, and eBillMe - and identifies "four reasons you may want to think twice before hitting the "checkout" button using one of these services."

Fiserv to Use Viewpointe Check Image Archive

Fiserv and Viewpointe have announced that Fiserv will use the Viewpointe archive to expand its current image storage offerings to its 1,600 check processing clients. According to Viewpointe, "as an archive user, Fiserv joins several of the nation's largest financial institutions in having access to the most robust common archive in the industry. Fiserv will continue to use its current image archive for delivery of products such as image statements, CD/ROMs and DVDs."

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MasterCard Europe, Europay France to Integrate Operations in France

MasterCard Europe and Europay France have announced an agreement to
integrate their operating structures in France to support French banks' efforts to
provide competitive payment services.

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ClairMail's Event Engine Delivers Real-Time 2-Way Actionable Alerts

ClairMail has introduced the ClairMail Event Engine, which handles 2-way actionable alerts for mobile banking and payments that enables financial institution customers to easily define and receive real-time 2-way mobile alerts for improved account management, heightened fraud prevention and innovative mobile payments.

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Headline News - January 8, 2008

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

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