Javelin Strategy & Research has announced a new report titled "2008 US Mobile Banking Benchmark Study: Mobile Access, Features, and Security – What Banks Are Offering Now" that it says "examines banks and credit unions on consumer mobile banking offerings within three categories: Access, Security and Features. Top US financial institutions (FIs) were mystery-shopped for their mobile banking service offerings, using Web and phone data collection methods."   » Continue Reading

PayPal has announced results of a survey conducted with comScore that found that unexpectedly high shipping fees are the number one reason consumers abandon online purchases. According to PayPal, "checkout abandonment is a significant challenge for online merchants, with an estimated two out of every three consumers failing to pay for items they put in their shopping carts."   » Continue Reading

Merchant e-Solutions has announced that it is "adding Payer Authentication security programs to its e-Commerce service offering. Enhanced e-Commerce services are delivered through the integration of CardinalCommerce's Centinel system with the MeS Payment Network and include support for Verified by Visa and MasterCard SecureCode, as well as alternative payment brands like Bill Me Later."   » Continue Reading

Pittsburgh's Pop City e-magazine reports on Dynamics, LLC, a a startup emerging from Carnegie-Mellon's Project Olympus. The company's initial product focus is on a dynamic credit card that uses a computer on the card to "periodically changes several digits of the card number, making it impossible for anyone to capture or copy the number and reuse it." A presentation is available online.

The Miami Parking Authority has announced it now offers "the Verrus Pay by Phone service" at more than 8,000 regulated street spaces and more than 20 parking lots throughout the City of Miami. When paying by phone, motorists may also select the option to receive a text message reminder a few minutes before their time expires and add more time remotely - no more hurried trips to the vehicle to feed the meter.   » Continue Reading

CSC has announced that "MasterCard Worldwide is using CSC's CAMS II Card & Merchant System to power its newly launched debit and prepaid processing platform, MasterCard Integrated Processing Solutions (IPS). The MasterCard platform provides a suite of debit and card issuer processing services that enables financial institutions to quickly expand their payments offerings across banking channels."   » Continue Reading

• RocketBux Captures Award at Wireless Innovations 2008
• Bank of America Announces New Consumer Banking Structure to Drive Growth
• Yodlee, Q2 Software Partnership Brings Innovative Online Solutions to Financial Institutions
• Netherlands: Payter Distributes Mobile Payment Wallet Over-The-Air
• Disney, Chase Renew Multi-Year Credit Card Agreement, To Continue Tradition Of Rewards Magic
• PayPal to Expand Dublin Operations Center
• GroupCard Teams-Up with Amazon.com to Power World's First Collaborative Gift Card Service
• W3C Seeks Partners to Explore Role of Mobile in Bridging Digital Divide
• Wired: Man Allegedly Bilks E-trade, Schwab of $50,000 by Collecting Lots of Free 'Micro-Deposits'
• Brookstone's Gift Card Exchange Continues to Help Consumers Affected by Sharper Image Bankruptcy
• UK: Kashflow Partners With PayPal to Launch Unique Web-Based Accounting Software Package