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June 09, 2008

Discover Seeks $6 Billion in Damages from Visa, MasterCard

Hugh Son reports for Bloomberg that documents unsealed today in the Discover Financial Services antitrust litigation against Visa and MasterCard say that Discover is seeking $6 billion in damages.

NetSpend, QC Financial Enter Agreement for Prepaid Debit Cards

NetSpend has announced an agreement with QC Financial, provider of payday loans, for a prepaid debit card program. READ MORE »

Digby Launches Mobile Commerce Platform for Retailers

Digby, a mobile commerce service provider, has announced the availability of Powered by Digby, "a mobile commerce software platform that gives retailers the ability to deliver a superior mobile shopping experience to their customers." READ MORE »

Bill Me Later Lifts Sales for ShoeMall.com

Bill Me Later and ShoeMall.com have announced they have partnered to offer ShoeMall customers a more flexible way to pay online without the use of their credit cards. " READ MORE »

MoneyAisle - You Run an Auction, Banks Bid for Your Business

neoSaej, a developer of online auction marketplaces, has launched MoneyAisle.com - calling it "the first and only Web site where banks competitively bid for customers through live secure auctions. MoneyAisle.com went live today with 65 participating banks (with an additional 25 to be activated in the next few weeks) and introduced the first two of many major product offerings: certificates of deposit (CDs) and high-yield savings accounts." READ MORE »

Payment Systems Fraud Is Not the Same as Data Security!

Glenbrook's Linda Elliott shares her perspective from last week's Payments 2008 conference hosted by the Federal Reserve Bank of Chicago.

Springbok Services, Visa Announce Prepaid Card Agreement

Springbok Services and Visa have announced an agreement that enables Springbok to offer Visa-branded prepaid card programs. According to Springbok, "the addition of the Visa brand allows Springbok to pass along Visa-specific advantages to its clients, which use Springbok prepaid cards for reward, incentive, promotion and rebate programs. Springbok prepaid card programs are designed to positively motivate behavior and enhance loyalty among corporate employees and/or their customers." READ MORE »

CFSI Releases Underbanked Consumer Study

The Center for Financial Services Innovation (CFSI) has released initial findings from its national segmentation study of the underbanked market at the 3rd Annual Underbanked Financial Services Forum, continuing through Tuesday, June 10th, in Miami. A fact sheet about the study icon_PDF_small.gif is available online. READ MORE »

Amazon.com Invests in The Talk Market

Amazon.com has made an equity investment in The Talk Market, "a user-generated TV shopping platform that allows businesses to create broadcast-quality product presentations and gives consumers an entertaining shopping experience."

In a press release, the two companies noted that "Integrated payment processing is provided by Amazon Web Services Flexible Payment Service (Amazon FPS). Using Amazon FPS, merchants at the Talk Market get free Amazon Payments Business accounts to process credit cards and tens of millions of Amazon customers can purchase anything on The Talk Market with the credit cards they have on file with Amazon." READ MORE »

Headline News - June 9, 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.

Payments Professionals Management Changes

We have received news of the following recent management changes:

  • Todd Pearson has been named Chief Customer Officer at San Francisco-based richrelevance. Pearson spent the last eight years at PayPal where he held roles building several business units and most recently was Vice President of Sales.

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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