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June 22, 2011

Federal Reserve to Issue Final Durbin Rules on June 29th

FedThe U.S. Federal Reserve has announced the Board of Governors will issue its final rules on the Durbin Amendment at 3:30pm EDT, June 29th. The discussion agenda includes debit card interchange fees, the fraud prevention adjustment, routing and exclusivity restrictions, and related matters.

The meeting will be webcast, and meeting documentation will be available 20 minutes ahead of time. Links to both will be available from www.federalreserve.gov.

Metanga Launches Cloud Billing Solution on Microsoft's Windows Azure

Metango logo 140pxMetraTech has announced the launch of Metanga, its multi-tenant software-as-a-service (SaaS)-based billing solution, on Microsoft Windows Azure. "As a native Windows Azure building block solution, Metanga is immediately available and provides Microsoft’s 78,000 independent software vendor (ISV) customers with the shortest path to cloud-based enrollment, billing and customer care."

Intuit PaymentNetwork Now Available to QuickBooks Online Users

Intuit logo 140pxOver on the Quickbooks Online Blog, Intuit has announced that the Intuit PaymentNetwork (IPN) is now seamlessly integrated with QuickBooks Online.

A small business can now send an invoice through QuickBooks Online and get paid fast using IPN. QuickBooks online invoices enabled for online payments will now have a link for the end customer to directly pay the small business. The plot thickens with the added benefits of low cost (only 50 cent/payment), faster funding (next day funding for most payments less than $5000) and automatic reconciliation.

Headline News - June 22, 2011

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

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