The Federal Reserve's G19 Consumer Credit report today found that revolving consumer credit decreased at an annual rate of 6.8% in June. For the second quarter, revolving consumer credit declined at an annual rate of 8.2%.

Paymetric, a provider of enterprise payment acceptance solutions, has announced an $8 million second round of financing. Palomar Ventures led the round with a $5 million infusion which was complimented by existing investor Austin Ventures’ participation of $3 million. READ MORE »

In an article titled "USAA to launch deposit app", L.A. Lorek writes for MySanAntonio.com about USAA's plans to release a new iPhone application that will allow users to take photos of the front and back of a check and deposit it electronically directly from their iPhone.

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