TowerGroup has released a new report titled “Disruptive Technology Spawns Market Revolution: The Ascent of Mobile Remittances into the Mainstream” finding the "accelerating investments being made in ubiquitous mobile payment platforms will be a disruptive industry force. As a consequence TowerGroup believes the emerging revolution occurring for sending and receiving remittances may well undercut existing fee structures and traffic volume of incumbent brick-and-mortar money transfer operators, which already appear to be under pressure in this current economic climate." READ MORE »

In a Red Tape Chronicle's column titled "DID PIN THIEVES GRAB HACKING'S HOLY GRAIL?", MSNBC's Bob Sullivan writes about last week's indictments of eleven alleged international computer hackers and the news that "at at least one retail chain, the indictments accuse the group of swiping encrypted versions of debit card PINs, decrypting them, then using the information to print debit cards and get cash from ATMs."

JPMorgan has announced that it is "the first major financial institution to enable insurance companies to use prepaid debit cards to deliver workers compensation benefits to injured or disabled workers. The Chase Workers Compensation Card, issued by JPMorgan, provides insurance companies with an alternative method for paying injured workers and improves the benefits payment process by reducing the costs and time associated with paper-based check distribution. Cardholders benefit from efficient, economical and reliable access to insurance payments without having to wait for a check to arrive in the mail." READ MORE »

TrialPay has announced that, In less than two years, it now has more than 10 million users with more than 5,000 premier merchants having adopted its unique payment platform.

According to TrialPay, "unlike regular options such as Visa, MasterCard, PayPal, Google Checkout and Bill Me Later, TrialPay actually increases a customer's willingness to pay by giving a 2-for-1 with every purchase. In just its second year, TrialPay counts 18 million visitors each month and 40,000 new users every day from around the globe to rival that of other top-tier online payment companies." READ MORE »

• Christian Science Monitor Op-Ed: The Outrage in Your Credit Card's Fine Print
• Visa Inc. Files Form 10-Q with SEC
• American Fiber Systems Connects Hooters of America New POS System to Remote Locations
• Study of Retail Financial Institutions Shows That Consumer Trust Drives Share of Wallet Capture
• Arby's Restaurants Satisfy Consumers' Cravings for Savings With Cellfire Mobile Coupons
• Yodlee(R) Releases Results from New Consumer PFM Survey
• BBC NEWS: Device 'steals chip-and-pin data'
• Juniper Research Forecasts Mobile Money Transfers Opportunity for Service Providers to Exceed $5bn by 2013
• Today's PayPal Webinar: Using Social Media and Networking to Boost Sales