eCommerce and mobile commerce solution provider, Mpayy, Inc. has announced that it has closed its Series B financing led by US Bancorp with participation from a number of private investors. READ MORE »

The Federal Reserve provided its G.19 monthly update on consumer credit in the US - reporting that revolving credit grew at 7.1 percent annual rate during May as compared to declining 0.5 percent in April.

eBay and PayPal have announced "a collaborative effort with Google’s webmail service Gmail to better protect consumers against fraudulent e-mails and phishing attacks. Starting today, eBay and PayPal customers with Gmail accounts will have a safer e-mail experience because they will receive fewer fake e-mails claiming to be sent by eBay and PayPal." See Michael Barrett's post on The PayPal Blog. READ MORE »

Chase Card Services has announced a new statement credit feature for its Chase Freedom credit card. According to Chase, "the feature lets customers put anything they want on their Chase Freedom credit card and apply their reward points to their next statement so they can spend rewards like cash. With this new feature, Chase provides customers with maximum rewards flexibility." READ MORE »

Kathy Chu reports for USA Today on gas stations wanting to encourage customers paying with cash rather than credit cards - but finding that with higher gasoline prices that consumers are wanting to pay with credit cards more often because they "don't have enough cash on hand."

As we noticed last week, Amazon.com is now supporting Bill Me Later for payments. This morning both companies officially announced that "millions of Amazon.com customers will be able to use Bill Me Later’s next-generation payments service to pay for their purchases instantly online without using a credit card." READ MORE »

Visa today unveiled a new look for the ATM kiosks to be installed specially for the Beijing 2008 Olympic Games. According to Visa, "the artwork on the ATM kiosks has been inspired by Chinese culture and calligraphy. It uses blue and white brush strokes and traditional signature seal designs which are most recognizable on traditional Chinese porcelain vases." READ MORE »

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• Cryptography Research Educates Developers about Side-Channel Analysis Attacks on Embedded Devices
• Compliance and Audit Group Launches Easy Training Programs to Help Merchants Become PCI DSS Compliant
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• The Last Taboo: Americans Will Talk about Sex Before Credit Card Debt
• WTVJ - Miami: Debit Holds From Pumping Gas Can Lead To Overdraft Fees
• MasterCard Launches New U.S. Hispanic Marketing Campaign
• Widevine Files Virtual Smart Card Patent Infringement Lawsuit Against Verimatrix
• Solutran Closes Q2 with over 5,700 Locations Using Its Back Office Conversion Product, SPIN
• Lakeland, Florida Ledger: In-Person Utility Payments May End
• Parascript Expands Signature Verification to United Arab Emirates Check Processing Markets
• GreenNote Launches 'GreenNote Network' to Help Students Connect with More Lenders
• Shopit Partners with Revolution Money to Offer its Users a New Preferred Online Payment Method
• Internet Retailer pcRUSH.com Enters Mobile Commerce Space With Technology From CardinalCommerce
• NetSpend(R) and ACE Cash Express Renew Prepaid Distribution Agreement
• Burger King Corp. Selects MICROS RES 4.0 for All Company-owned Restaurants in the United States
• Los Angeles Times: Silicon Valley's biggest social networker (Profile of Reid Hoffman)
• Triple Point Technology Launches Credit Risk Management Solution Suite
• ProcServe Expands Use of SEEBURGER B2B Technology to U.S. Spurred by Ongoing Growth of Hosted e-Marketplace Business