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November 18, 2008

Last Call for Glenbrook's Denver Payments Boot Camp - Dec. 3-4

Glenbrook's Payments Boot Camp in Denver on December 3-4 almost sold out. If you're interested in joining this session, please be sure to enroll right away. Carol Coye Benson and Linda Elliott will be teaching the Denver session.

Glenbrook's next Payments Boot Camp will be held in Santa Clara, California on January 20-21, 2009. Enrollment for that session is now open. Carol Coye Benson and Scott Loftesness will be teaching the Santa Clara session.

TowerGroup Projects Nearly 9% Decline in Gift Card Sales

TowerGroup has announced new research finding that total gift card sales for the 2008 holiday season will take nearly a 9 percent hit - owing largely to the downturn in the US economy. "That 9 percent decrease will be largely due to an expected 14 percent decline in the sales of merchant-sponsored (also “closed-loop” or private label) gift cards. Sales of bank sponsored (network-branded) gift cards are expected to increase 5.6 percent, a positive showing in the current climate." READ MORE »

Heartland Payment Systems Acquires Chockstone

Heartland Payment Systems has closed the acquisition of Chockstone, a privately held provider of gift card programs and loyalty solutions. Terms of the agreement were not disclosed. READ MORE »

Wells Fargo Introduces Payments Adapter for Oracle

Wells Fargo and Oracle have announced the release of the Wells Fargo Adapter -software that quickly integrates Wells Fargo treasury management services with the Oracle E-Business Suite financial applications. READ MORE »

Citi, Firethorn Launch Citi Mobile for Cards

Citi and Firethorn Holdings have introduced Citi Mobile for Cards - call it "an advanced mobile solution that allows Citi credit card customers to quickly, easily and securely access real-time credit card account information on their mobile phones. Citi Mobile for Cards is now available to AT&T subscribers as part of AT&T Mobile Banking, and to Verizon Wireless customers who download and use the free mobile banking application on Get It Now." READ MORE »

comScore Reports E-Commerce Sales Only Grew 1% in October

comScore has released its monthly retail e-commerce sales estimates reporting that online spending in October 2008 grew by only 1 percent over October 2007, the lowest monthly growth rate since comScore began tracking e-commerce in 2001. The overall softness in online retail spending was precipitated by curtailed spending across mid to lower income segments, with households earning less than $50,000 exhibiting negative spending growth compared to a year ago. READ MORE »

Monitise, eCommLink Partner for Mobile Prepaid Debit Solutions

eCommLink and Monitise Americas have announced that they are working together to jointly offer mobile money applications to the prepaid debit card industry. READ MORE »

PayPal Expands Its Service Around the Globe

PayPal has announced that it has expanded its service with fully localized sites in Mexico, Hong Kong and Singapore and an improved online experience for customers around the world. PayPal also launched nine new languages on its Web site including Bahasa Indonesian, Danish, Norwegian, Portuguese, Russian, Swedish, Thai, Traditional Chinese and Turkish. READ MORE »

NYCE To Pilot SafeDebit with Verient

NYCE has announced that it has signed a contract with Verient to conduct a pilot of NYCE’s SafeDebit, an e-commerce payment solution that will enable online shoppers to make purchases on the Internet without sharing their PIN or account information at the merchant’s Web site. NYCE plans to pilot SafeDebit beginning in early 2009. READ MORE »

Canadian Banks Get Go Ahead to Issue Visa and MasterCard

Tara Perkins writes for the Globe and Mail about a decision by Canada's Competition Bureau allowing banks to issue both Visa and MasterCard cards in Canada.

Headline News - November 18, 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.

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