Payments News - Weekly Wrap - June 7, 2008
Here's a review of this week's top stories on Payments News. If you missed it, last week's Weekly Wrap is here. Back to the future!: for fun, click for this same week's activity a year ago here on Payments News! Looking for more? Checkout our Other Payments and Banking Blogs page.
- American Express News
- American Express Chairman and Chief Executive Ken Chenault presented Wednesday at the Keefe, Bruyette & Woods 2008 Diversified Financials Conference. (See more American Express news.)
- Contactless Payments News
- US Bank announced it has partnered with Visa to issue debit cards with the Visa payWave feature to debit cardholders in California, Colorado, Missouri, and Utah. (See more Contactless, US Bank and Visa news.)
- The Emerging Payments Research Group of the Federal Reserve Bank of Boston has published a new paper titled "The Contactless Wave: A Case Study in Transit Payments". (See more Contactless and Transit Payments news.)
- Credit Card News
- Business Week's cover story this week takes a very hard look at the use of mandatory arbitration by credit card issuers to resolve consumer disputes. (See more Card Issuers and Credit Card news.)
- Friday afternoon the Federal Reserve announced its G.19 Consumer Credit report for April showing a dramatic slowdown in the growth rate of revolving credit in the US. (See more Consumer Debt news.)
- Orbitz Worldwide has introduced a new Orbitz Visa Credit Card powered by Capital One No Hassle Rewards. (See more Capital One, Card Reward Programs and Credit Card news.)
- AT&T and Citi have announced the launch of the AT&T Universal Business Rewards Card that rewards small business owners for their purchases and also provides them with a prescription drug benefits program and an around-the-clock personal business assistant. (See more Citi Cards and Commercial Card news.)
- Ecommerce Payments News
- Google has announced that over 50 Google Checkout stores will be offering savings of $10 off purchases of $60 or more to buyers using Google Checkout through June 23rd. (See more Ecommerce Payments and Google Checkout news.)
- CyberSource has published a new "Insider's Guide to ePayment Management" that "details 30 ePayment management tactics leading online merchants are using to improve business results." (See more CyberSource and Ecommerce Payments news.)
- Bill Me Later has announced that Borders has added its alternative payment functionality to its newly launched e-commerce site at Borders.com. (See more Bill Me Later and Ecommerce Payments news.)
- Interchange Fee News
- U.S. Senator Dick Durbin (D-IL) introduced new legislation in the US Senate "to allow large and small businesses to negotiate directly with credit card companies to reduce the interchange fees that are charged on every credit card transaction." (See more Interchange Fee news).
- Mobile Payments News
- The Financial Services Technology Consortium (FSTC) has announced an initiative "to examine the various technology models supporting mobile payments today and to make recommendations on an approach that would facilitate an interoperable mobile payments infrastructure in the future." (See more FSTC and Mobile Payments news.)
- Open Job Listings on PaymentsJobs.com
- Debit Card Product Manager at BB&T (Raleigh, North Carolina)
- Electronic Payments Product Manager at BB&T (Wilson, North Carolina)
- Product Manager - Remittance Solutions at Creditron (Gaithersburg, Maryland)
- Senior Product Manager - Remittance Solutions at Creditrron (Mississauga, Canada)
- VP Partnerships (Marketing) at Western Payments Alliance (San Francisco, California)
- Assistant Vice President of Educational Programs at Western Payments Alliance (San Francisco, California)
- Vice President of Marketing and Communications at Western Payments Alliance (San Francisco, California)
- Open Sales Position E-Commerce Company at preCharge.com (New York)
- Vice President and Program Manager at Skylight Financial (Atlanta, Georgia)
- Payments Attorney at a stealth start up (San Francisco/Bay Area)
- Upcoming Glenbrook Payments Education Offerings
- Workshop on The Structure of the Merchant Payments Marketplace - San Francisco Bay Area - June 10
- Glenbrook Payments Boot Camp - San Francisco Bay Area - June 11-12, October 15-16
You can find all of our Weekly Wrap summaries in the Payments News Weekly Wrap Archive. They're published every Saturday and look back at the highlights of the week's news. Please send us on how we can improve the Weekly Wrap!
