Congressman Barney Frank, Chairman of the House Committee on Financial Services, gave a speech today to the Greater Boston Chamber of Commerce in which he call for a number of "new policy options" to help deal with current issues. Among them, was the notion of a new Financial Service System Risk Regulation (perhaps the Federal Reserve with additional powers) that "has the capacity and power to assess risk across financial markets regardless of corporate form and to intervene when appropriate."

The archive of Pay By Touch-related stories here on Payments News begins over four years ago. It's interesting to scroll back (read from the bottom up) and look at the various partnerships, financings, trials, etc. that Pay By Touch announced along the way prior to shuttering its biometrics payment service at 11:59 PM last night.   » Continue Reading

For some time, Amazon.com has offered merchants Fulfillment by Amazon - where they could have Amazon hold their goods for shipment at Amazon's fulfillment centers. Now, Amazon's introduced a new Fulfillment Web Service that enables merchants to programmatically manage their inventories, replenishment and shipment activities using FBA. "Products that are fulfilled by Amazon qualify for all of Amazon's buyer shipping and customer promotions (such as free Super Saver shipping and Amazon Prime) and Amazon takes care of customer service and returns." More on the Amazon Web Services blog.

Discover Financial Services is holding a financial community briefing in New York City this morning. A webcast is underway and the presentation slides are available online in an 8-K filing with the SEC.

Celcom (Malaysia) Berhad and paybox have announced they are partnering to launch new a mobile banking and mobile payment solution for the Malaysian market.   » Continue Reading

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• Broox Peterson's blog: Visa IPO - Big Changes?
• Business Week: Visa's IPO Victory
• National City Reports Revised Visa IPO Gain
• Visa Inc. Announces Exercise of Over-Allotment Option
• MedCom Announces Court Rules Card Activation Technologies' Patent Is Valid
• TSYS Signs Payment Processing Agreement with Standard Bank (South Africa)