Payments News - Weekly Wrap - Saturday, August 16, 2008

Here's a review of this week's top stories on Payments News. Back to the future!: for fun, click for this same week's activity a year ago here on Payments News!

Looking for more payments-related reading? Checkout our Other Payments and Banking Blogs page for more from the blogosphere about the worlds of payments and banking.

Quote of the week: From Virginia Garcia of TowerGroup: "The inevitable convergence of remittances and mobility offers new opportunities for banks to grow this market by making payments faster, more convenient, more secure, and more accessible to a greater number of senders and recipients.”

• Featured Articles
  • Glenbrook's Russ Jones recently met with Ken Myles of NACHA to get an update on NACHA's Secure Vault Payments initiative. (See more ACH, eCommerce Payments, NACHA, Online Banking, and Secure Vault Payments news.)
  • Glenbrook's Carol Coye Benson recently interviewed Murali Subbarao, CEO of Billeo, about the status of the online bill payment marketplace in the US. (See more Bill Payment, Billeo, and Online Banking news.)
• Card Fraud News
  • In an article titled "Global Trail of an Online Crime Ring", Brad Stone wrote for the New York Times about the investigation leading up to last weeks announcement by the Department of Justice and other agencies about the indictments of 11 people involved in compromising millions of credit and debit card accounts. (See more Card Fraud News.)
  • In a Red Tape Chronicle's column on MSNBC 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. (See more Card Fraud News.)
• Credit Card News
  • Several articles of note appeared "slamming" the credit card - including various credit card issuer business practices, etc. (See more Card Issuers and Credit Card News.)
• eCommerce Payments News
  • TrialPay announced that, In less than two years, it has more than 10 million users with more than 5,000 premier merchants having adopted its payment platform. (See more eCommerce Payments and TrialPay news.)
• Mobile Banking News
  • TowerGroup 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. (See more Mobile Banking, Mobile Payments, Remittances and TowerGroup news.)

• Open Job Listings on PaymentsJobs.com
  
  • Associate Consultant - Qualified Security Accessor at Xtrategies (Miami, FL)
  • Associate/Consultant - Risk Management at Xtrategies (Miami, FL)
  • Corporate Strategy, Senior Business Leader at Visa (San Francisco, CA)
  • Sr. Marketing Capabilities Manager - Mobile at Alliance Data (Columbus, OH)
• Upcoming Glenbrook Payments Education Offerings
  
  • Glenbrook Payments Boot Camp - Santa Clara, California - October 15-16
  • Glenbrook Payments Boot Camp - Denver - December 3-4

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 share on how we can improve the Weekly Wrap!