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August 07, 2009

Fed Reports Continuing Decline in Revolving Consumer Credit

FederalReserve-130px.jpgThe 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 Secures $8 Million Series B Financing

Paymetric_logo-140px.jpgPaymetric, 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 »

USAA Plans iPhone Check Deposit

USAA_logo-100px.jpgIn an article titled "USAA to launch deposit app", L.A. Lorek writes for 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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