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September 03, 2008

Wells Fargo Enhances CEO Mobile Service for Corporate Customers

Tomorrow, Wells Fargo is announcing enhancements to its CEO Mobile service, a browser-based mobile banking service for its corporate banking customers that remains unique among major financial institutions in the US. Users of CEO Mobile can now initiate and approve federal tax wires and see which self administration dual control items they can act on from their mobile devices. READ MORE »

Visa Names Bill Sheedy President, North America

Visa Inc. has announced the appointment of Bill Sheedy as President, North America. Visa says Sheedy will oversee Visa Inc.'s relationships with card issuers, merchants, merchant acquirers and third-party processors in the United States and Canada. He will report to Hans Morris, President of Visa Inc. READ MORE »

CUP Data Signs Processing Agreement with Citibank

TSYS has announced that China UnionPay Data Services Co., Ltd. (“CUP Data”), TSYS’ joint venture with China UnionPay, has signed a debit card processing agreement with Citibank (China) Co., Ltd. (“Citi China”). READ MORE »

Checking Up on Bill Presentment

Glenbrook's Bryan Derman and Jim Salters take a fresh look at online bill presentment following a recent announcement by AT&T Mobility that it would begin delivering bills electronically through CheckFree-powered bank bill payment sites.

US Consumers File 4,476 Bankruptcies Per Day in August

Bob Lawless writes on the Credit Slips blog that that "U.S. bankruptcy filing rate climbed again in August, reaching a new post-2005 high of 4,476 filings per day." At this year's average rate of 4,160 bankruptcy filings per day per day, he forecasts a total of 1,049,000 filings for 2008.

Visa Launches New Mobile Payment Services

Visa has announced it is launching four new programs to deliver payments and services via mobile devices. Two commercial mobile payments programs, in Brazil and Korea, along with two mobile offers and transaction notification pilots in the United States, add to more than a dozen pilot and commercial programs enabled by the Visa mobile platform around the world. READ MORE »

Juniper Forecasts $600 Billion in Mobile Payments by 2013

Juniper Research has announced a new report titled "Mobile Payment Markets Strategies & Forecasts 2008-2013" that concludes that "purchases via mobile devices of digital and physical goods, contactless NFC (Near Field Communications) transactions and money transfers will together generate transactions worth over $600bn globally by 2013." According to Juniper, this figure represents the gross value of all the items being purchased or the value of money being transferred. READ MORE »

Retail Credit Cards: New Interest In An Old Topic

Mercator Advisory Group has announced a new report titled "Retail Credit Cards: New Interest In An Old Topic" that "examines the venerable world of private label and co-branded retailer credit cards, and the market forces that are shaping this segment. The vast majority of retailers have turned their programs over to third party issuers, but these retailers' interest in payments as a sales enabler and relationship building tools have never been higher. And with more payment vehicles and providers at their disposal, retailers increasingly focus on developing their optimal payments strategy." READ MORE »

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