Payments News - from Glenbrook Partners http://www.paymentsnews.com/ Payments News ISSN 1556-4487. Copyright © Glenbrook Partners LLC, 2002-2006. All Rights Reserved. en-US Mon, 01 Dec 2008 13:28:28 -0800 http://www.typepad.com/ 37.451688-122.183854This is an XML content feed containing the first segment of each post. It is intended to be viewed in a newsreader. To view the full content of each post, visit www.paymentsnews.com. Payments News ISSN 1556-4487. Copyright © Glenbrook Partners LLC, 2002-2006. All Rights Reserved. Retailers Form New Retail Gift Card Association http://feedproxy.google.com/~r/PaymentsNews/~3/CNj-3y_V39M/retailers-form.html http://www.paymentsnews.com/2008/12/retailers-form.html Several major US retailers led by founding members Applebee's, Best Buy, Home Depot, Marriott International and Subway have announced they are joining together "to create an industry group whose goal is to ensure shoppers have only positive experiences with the gift cards they buy and use. The Retail Gift Card Association (RGCA) formed in October with a mission to create consumer-centered policies and procedures for members that will let consumers continue to confidently buy and use the cards that have become the #1 gift choice over last several years." announced they are joining together "to create an industry group whose goal is to ensure shoppers have only positive experiences with the gift cards they buy and use. The Retail Gift Card Association (RGCA) formed in October with a mission to create consumer-centered policies and procedures for members that will let consumers continue to confidently buy and use the cards that have become the #1 gift choice over last several years."

]]> Gift Cards Merchants Prepaid Cards and Stored Value Cards Retail Gift Card Association Payments News Editor Mon, 01 Dec 2008 13:28:28 -0800 http://www.paymentsnews.com/2008/12/retailers-form.html New Prospects for Payment Card Application in Health Care http://feedproxy.google.com/~r/PaymentsNews/~3/RT9Gbcs7IiY/new-prospects-f.html http://www.paymentsnews.com/2008/12/new-prospects-f.html The Payment Card Center of the Federal Reserve Bank of Philadelphia has published a new report titled "New Prospects for Payment Card Application in Health Care" . From the abstract: "While consumers' use of payment cards has grown rapidly in many other areas, use of these cards in making health-care payments has been far more limited. In this paper, Payment Cards Center Industry Specialist Ann Kjos attempts to explain several reasons for the slow adoption rates and identifies four related trends and developments that can be expected to lead to more rapid growth in the future. While these factors are... New Prospects for Payment Card Application in Health Care" icon_PDF_small.gif.

From the abstract: "While consumers' use of payment cards has grown rapidly in many other areas, use of these cards in making health-care payments has been far more limited. In this paper, Payment Cards Center Industry Specialist Ann Kjos attempts to explain several reasons for the slow adoption rates and identifies four related trends and developments that can be expected to lead to more rapid growth in the future. While these factors are expected to contribute to the acceleration of growth for payment card applications in health care, we know less about potential barriers stemming from consumer behavior, raising a cautionary note pending further research."

]]> Financial Regulators Healthcare Payments Payments News Editor Mon, 01 Dec 2008 12:33:51 -0800 http://www.paymentsnews.com/2008/12/new-prospects-f.html A Look at Payment Card Fraud in France, Spain and the UK http://feedproxy.google.com/~r/PaymentsNews/~3/7gOBtktsaIQ/a-look-at-payme.html http://www.paymentsnews.com/2008/12/a-look-at-payme.html Peter Welch has authored a new report titled "Payment Card Fraud - France, Spain and UK" published by ECR Publishing Partnership. The report draws on statistics published by France’s Observatoire de la sécurité des cartes de paiement, ServiRed, the largest Spanish card payment network, and APACS, the UK payments association. You can request a copy of the report from Welch's web site. Welch's web site.

]]> Card Fraud Chip and PIN Payments News Editor Mon, 01 Dec 2008 10:55:27 -0800 http://www.paymentsnews.com/2008/12/a-look-at-payme.html It's Cyber Monday http://feedproxy.google.com/~r/PaymentsNews/~3/G0ruGYy-KNM/its-cyber-monda.html http://www.paymentsnews.com/2008/12/its-cyber-monda.html Today is Cyber Monday - the ceremonial kick-off of the holiday online shopping season in the United States. According to Wikipedia, Cyber Monday first was noticed in 2005. Some of us may recall the days of dial-up modems when shopping at home was painful - and shopping at work on the Monday after Thanksgiving was the answer! Cyber Monday - the ceremonial kick-off of the holiday online shopping season in the United States. According to Wikipedia, Cyber Monday first was noticed in 2005. Some of us may recall the days of dial-up modems when shopping at home was painful - and shopping at work on the Monday after Thanksgiving was the answer!

]]> Merchants Payments News Editor Mon, 01 Dec 2008 10:31:08 -0800 http://www.paymentsnews.com/2008/12/its-cyber-monda.html GiftCertificates.com Launches iPhone Application for Gift Cards http://feedproxy.google.com/~r/PaymentsNews/~3/mUIB9Uh8ic4/giftcertificate.html http://www.paymentsnews.com/2008/12/giftcertificate.html GiftCertificates.com has announced the launch of the GiftCards application - calling it "the first iPhone application that empowers customers to select, personalize, and purchase gift cards for friends, families and co-workers directly from their iPhone or iPod Touch without the need to go to an outside website. The GiftCards application, developed for GiftCertificates.com by Trillusion Media, Inc., is available for download today at http://www.GiftCardsApp.com or the App Store in iTunes." announced the launch of the GiftCards application - calling it "the first iPhone application that empowers customers to select, personalize, and purchase gift cards for friends, families and co-workers directly from their iPhone or iPod Touch without the need to go to an outside website. The GiftCards application, developed for GiftCertificates.com by Trillusion Media, Inc., is available for download today at http://www.GiftCardsApp.com or the App Store in iTunes."

]]> Gift Cards Mobile Technology Prepaid Cards and Stored Value Cards Payments News Editor Mon, 01 Dec 2008 05:54:50 -0800 http://www.paymentsnews.com/2008/12/giftcertificate.html Alltel Wireless, mFoundry Team Together to Offer the Alltel Wallet http://feedproxy.google.com/~r/PaymentsNews/~3/nnw5NaySFjw/alltel-wireless.html http://www.paymentsnews.com/2008/12/alltel-wireless.html Alltel Wireless has announced that it will be using mFoundry’s mobile wallet platform to create the Alltel Wallet. "The Alltel Wallet will initially provide access to a consolidated mobile banking experience, providing its customers access to a large variety of U.S. financial institutions. mFoundry’s technology, which combines comprehensive mobile banking, mobile payments and mobile commerce capabilities, will provide Alltel the necessary platform to plug in enhanced financial solutions and other advanced functionality from select third party developers." announced that it will be using mFoundry’s mobile wallet platform to create the Alltel Wallet. "The Alltel Wallet will initially provide access to a consolidated mobile banking experience, providing its customers access to a large variety of U.S. financial institutions. mFoundry’s technology, which combines comprehensive mobile banking, mobile payments and mobile commerce capabilities, will provide Alltel the necessary platform to plug in enhanced financial solutions and other advanced functionality from select third party developers."

]]> Mobile Banking Mobile Payments Payments News Editor Mon, 01 Dec 2008 05:29:30 -0800 http://www.paymentsnews.com/2008/12/alltel-wireless.html Headline News - December 1, 2008 http://feedproxy.google.com/~r/PaymentsNews/~3/kOwzbTjIag0/headline-news-.html http://www.paymentsnews.com/2008/12/headline-news-.html ID Analytics Joins Center for Identity Management and Information Protection of Utica College Bits Blog - NYTimes.com: PayPal Brings Allowances Into the 21st Century The PayPal Blog: Saving Money with PayPal this Holiday Season FT.com Opinion (Meredith Whitney): America must keep consumer liquidity flowing M&T Bank and Visa Inc. Renew Partnership with New Multi-Year Brand Agreement The Wallet (WSJ): How to Avoid Overdraft Fees Finextra: Neovia Financial to buy IDT European pre-paid payment services unit CO-OP Financial Services: Prepaid Cards are a safer, more flexible alternative to “giving green” this holiday season New No Hassle Rewards Card from Capital One...

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.

]]> Payments News - Headline News Payments News Editor Mon, 01 Dec 2008 05:26:52 -0800 http://www.paymentsnews.com/2008/12/headline-news-.html Consumer Choice and Merchant Acceptance of Payment Media http://feedproxy.google.com/~r/PaymentsNews/~3/SYxb--HkMPs/consumer-choice.html http://www.paymentsnews.com/2008/11/consumer-choice.html The Federal Reserve Bank of Chicago has published a working paper titled "Consumer Choice and Merchant Acceptance of Payment Media" by Wilko Bolt and Sujit Chakravorti. Consumer Choice and Merchant Acceptance of Payment Media" icon_PDF_small.gif by Wilko Bolt and Sujit Chakravorti.

]]> Card Payments Financial Regulators Merchants Payments News Editor Sun, 30 Nov 2008 20:36:33 -0800 http://www.paymentsnews.com/2008/11/consumer-choice.html Bailing Out the Credit Card Industry? http://feedproxy.google.com/~r/PaymentsNews/~3/XU8ZR6ABCto/bailing-out-the.html http://www.paymentsnews.com/2008/11/bailing-out-the.html Georgetown Associate Professor of Law Adam Levitin writes on the Credit Slips blog about his op-ed piece that ran in the Friday's Detroit Free Press and Sunday's San Diego Union-Tribune. In his op-ed, Levitin writes: "The card industry’s business model is the heart of the problem and needs to change. Just as with subprime mortgages, the credit card business model creates a perverse incentive to lend indiscriminately and ignore delinquencies." Read the full article for more. Adam Levitin writes on the Credit Slips blog about his op-ed piece that ran in the Friday's Detroit Free Press and Sunday's San Diego Union-Tribune.

In his op-ed, Levitin writes: "The card industry’s business model is the heart of the problem and needs to change. Just as with subprime mortgages, the credit card business model creates a perverse incentive to lend indiscriminately and ignore delinquencies."

Read the full article for more.

]]> Card Issuers Consumer Debt Credit Card Debt Counseling Credit Cards Financial Regulators Payments News Editor Sun, 30 Nov 2008 20:00:55 -0800 http://www.paymentsnews.com/2008/11/bailing-out-the.html Happy Thanksgiving from All of Us at Glenbrook! http://feedproxy.google.com/~r/PaymentsNews/~3/ecEWESaZIB4/happy-thanksgiv.html http://www.paymentsnews.com/2008/11/happy-thanksgiv.html Gosh, it's that time of year again - what many (including me) think of as just the best holiday in the US - Thanksgiving. At Glenbrook, we've got a lot to be thankful for again this year. Across the industry, many payments professionals have worked hard to make sure everything in the card payment systems is ready for the upcoming annual "Black Friday" and "Cyber Monday" onslaught of volume. Chase Paymentech's Pulse Index will be tracking things over the weekend - so you can see how the currently challenged US consumer economy is doing vs. the last two years in... Glenbrook, we've got a lot to be thankful for again this year.

Across the industry, many payments professionals have worked hard to make sure everything in the card payment systems is ready for the upcoming annual "Black Friday" and "Cyber Monday" onslaught of volume. Chase Paymentech's Pulse Index will be tracking things over the weekend - so you can see how the currently challenged US consumer economy is doing vs. the last two years in the ecommerce realm. So far, the big news is a 12.8 percent decline in the average ticket.

Meanwhile, enjoy the holiday with friends and family! Remember, it's just the best!

]]> Glenbrook Payments News Editor Wed, 26 Nov 2008 13:19:36 -0800 http://www.paymentsnews.com/2008/11/happy-thanksgiv.html How Credit Cards Become Asset-Backed Bonds http://feedproxy.google.com/~r/PaymentsNews/~3/z-fDWqFEKQ0/how-credit-card.html http://www.paymentsnews.com/2008/11/how-credit-card.html Public radio's Marketplace features a 7-minute video by Senior Editor Paddy Hirsch describing how credit card debt gets turned into asset-backed securities. How credit cards become asset-backed bonds from Marketplace on Vimeo. See also the OCC's Credit Card Lending handbook and the FDIC's Credit Card Securitization Manual. how credit card debt gets turned into asset-backed securities.

See also the OCC's Credit Card Lending handbook and the FDIC's Credit Card Securitization Manual.

]]> Card Issuers Credit Card Debt Counseling Credit Cards Payments News Editor Wed, 26 Nov 2008 10:59:46 -0800 http://www.paymentsnews.com/2008/11/how-credit-card.html TrialPay Launches Free Gifts Site for Holiday Shoppers http://feedproxy.google.com/~r/PaymentsNews/~3/_53io8Ed9RM/trialpay-launch.html http://www.paymentsnews.com/2008/11/trialpay-launch.html TrialPay has announced the launch of a new shopping web site where "shoppers can buy gifts from their favorite brands—and get a free present for themselves in the process (movie tickets, software licenses, game subscriptions, career advice and more)." new shopping web site where "shoppers can buy gifts from their favorite brands—and get a free present for themselves in the process (movie tickets, software licenses, game subscriptions, career advice and more)."

]]> ECommerce Payments TrialPay Payments News Editor Wed, 26 Nov 2008 08:37:19 -0800 http://www.paymentsnews.com/2008/11/trialpay-launch.html Citigroup CEO Vikram Pandit on Charlie Rose http://feedproxy.google.com/~r/PaymentsNews/~3/73QxyziMKpA/citigroup-ceo-v.html http://www.paymentsnews.com/2008/11/citigroup-ceo-v.html Citigroup's CEO Vikram Pandit was on the Charlie Rose Show last night. A video archive of the 54 minute discussion is available online. Highly recommended! Charlie Rose Show last night. A video archive of the 54 minute discussion is available online. Highly recommended!

]]> Banking Industry Citi Payments News Editor Wed, 26 Nov 2008 08:22:45 -0800 http://www.paymentsnews.com/2008/11/citigroup-ceo-v.html US Consumer Spending Down, Savings Rate Up in October Data http://feedproxy.google.com/~r/PaymentsNews/~3/yNlpglf7sb8/us-consumer-spe.html http://www.paymentsnews.com/2008/11/us-consumer-spe.html The Bureau of Economic Analysis of the US Commerce Department has published its latest Personal Income and Outlays report for October 2008. The report shows that "personal consumption expenditures (PCE) decreased $102.8 billion, or 1.0 percent" and that "personal saving as a percentage of disposable personal income was 2.4 percent in October, compared with 1.0 percent in September." Further evidence that US consumers are hunkering down. Personal Income and Outlays report for October 2008. The report shows that "personal consumption expenditures (PCE) decreased $102.8 billion, or 1.0 percent" and that "personal saving as a percentage of disposable personal income was 2.4 percent in October, compared with 1.0 percent in September." Further evidence that US consumers are hunkering down.

]]> Financial Regulators Payments News Editor Wed, 26 Nov 2008 06:24:04 -0800 http://www.paymentsnews.com/2008/11/us-consumer-spe.html American Consumers - Save or Spend? http://feedproxy.google.com/~r/PaymentsNews/~3/m06YJYPiKTg/american-consum.html http://www.paymentsnews.com/2008/11/american-consum.html Holiday shoppers are not planning to reduce their spending significantly, despite news of financial turbulence, according to a new survey released today by ING DIRECT. The survey is part of ING DIRECT's new "We the Savers" campaign calling on committed savers to sign the online "Declaration of Financial Independence"; participate in informative online polls; and use "We the Savers" savings calculators, social networking and IM icons, online forums and more. According to ING DIRECT's survey findings: "Although Americans seem more concerned about holiday spending during the current economic climate, half of them actually plan to spend the same if not... new survey released today by ING DIRECT. The survey is part of ING DIRECT's new "We the Savers" campaign calling on committed savers to sign the online "Declaration of Financial Independence"; participate in informative online polls; and use "We the Savers" savings calculators, social networking and IM icons, online forums and more.

According to ING DIRECT's survey findings: "Although Americans seem more concerned about holiday spending during the current economic climate, half of them actually plan to spend the same if not more on holiday gifts this year as compared to last year. Most surveyed also indicate they plan to spend between $300 to over $1,000 on gifts. While this may help struggling retailers, the spending habits of consumers are not improving and their wallets are continuing to stretch. In plain terms, Americans are nowhere near where they should be in terms of saving their money."

]]> Consumer Debt Credit Card Debt Counseling ING Direct Payments News Editor Wed, 26 Nov 2008 05:11:02 -0800 http://www.paymentsnews.com/2008/11/american-consum.html Headline News - November 26, 2008 http://feedproxy.google.com/~r/PaymentsNews/~3/5F_jSYjxwH4/headline-new-17.html http://www.paymentsnews.com/2008/11/headline-new-17.html WSJ.com: U.K. Credit Cards to Give Borrowers Extra 60 Days to Pay Convenience Store News: Giant Eagle Gives fuelperks! to Citizens Bank Debit Card Customers New American Express Spot Showcases Personal Stories Shared by Well-Known Cardmembers about the Moments in Their Lives That They Became Cardmembers American Banker: Pulling Back in a Big Way in Small-Business Cards (Subscription Required) First Data Commences Cash Tender Offers for $115.2 Million of its Outstanding Debt Securities TechCrunch: SEC Outlines Its Reasoning For Shutting Down P2P Lender Prosper Obopay's Tips to Survive the Holidays in a Lump-of-Coal Economy: Financial News - Yahoo! Finance New...

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.

]]> Payments News - Headline News Payments News Editor Wed, 26 Nov 2008 04:45:39 -0800 http://www.paymentsnews.com/2008/11/headline-new-17.html Bank for International Settlements Updates Country Statistics http://feedproxy.google.com/~r/PaymentsNews/~3/t2ySjORspgM/bank-for-intern.html http://www.paymentsnews.com/2008/11/bank-for-intern.html The Bank for International Settlements has updated its annual "Statistics on payment and settlement systems in selected countries" based upon 2007 data. Statistics on payment and settlement systems in selected countries" based upon 2007 data.

]]> Banking Industry Payments News Editor Tue, 25 Nov 2008 10:33:12 -0800 http://www.paymentsnews.com/2008/11/bank-for-intern.html PlaySpan Announces $16.8 Million in Series B Funding http://feedproxy.google.com/~r/PaymentsNews/~3/7B4WN0aRkgk/playspan-announ.html http://www.paymentsnews.com/2008/11/playspan-announ.html PlaySpan, a provider of digital goods micro-transaction and payment solutions, has announced $16.8M in Series B investment from Easton Capital Group, Menlo Ventures, Novel TMT Ventures, STIC and other undisclosed investors. This new capital brings the company's total funding to $24M. The new funding will be used to expand into Europe and Asia and to grow PlaySpan's global publisher and user-base. PlaySpan, a provider of digital goods micro-transaction and payment solutions, has announced $16.8M in Series B investment from Easton Capital Group, Menlo Ventures, Novel TMT Ventures, STIC and other undisclosed investors. This new capital brings the company's total funding to $24M. The new funding will be used to expand into Europe and Asia and to grow PlaySpan's global publisher and user-base.

]]> ECommerce Payments Micropayments Payments News Editor Tue, 25 Nov 2008 06:06:03 -0800 http://www.paymentsnews.com/2008/11/playspan-announ.html Fed Announces Term Asset-Backed Securities Loan Facility (TALF) http://feedproxy.google.com/~r/PaymentsNews/~3/HUcyChhNdhg/fed-announces-t.html http://www.paymentsnews.com/2008/11/fed-announces-t.html The Federal Reserve Board has announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), "a facility that will help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities (ABS) collateralized by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration (SBA)." announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), "a facility that will help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities (ABS) collateralized by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration (SBA)."

]]> Financial Regulators Payments News Editor Tue, 25 Nov 2008 05:45:51 -0800 http://www.paymentsnews.com/2008/11/fed-announces-t.html Headline News - November 25, 2008 http://feedproxy.google.com/~r/PaymentsNews/~3/ll60QfYqg3M/headline-new-16.html http://www.paymentsnews.com/2008/11/headline-new-16.html Bits Blog - NYTimes.com: E-Commerce Shrinks for First Time, Research Firm Says Joe Nocera's Executive Suite Blog - NYTimes.com: The Worst Is Yet To Come: Anonymous Banker Weighs In On The Coming Credit Card Debacle FreedomPay Launches New Look and Product Lines Vanity Fair: Wall Street Lays Another Egg: Politics & Power TechCrunch: Was Ebay’s BillMeLater Acquisition A Huge Blunder? LML Patent Corp. Files Patent Infringement Suit Against 19 Defendants - Re: U.S. Patent No. RE40220 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...

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.

]]> Payments News - Headline News Payments News Editor Tue, 25 Nov 2008 05:40:30 -0800 http://www.paymentsnews.com/2008/11/headline-new-16.html Bank of America Introduces SafePass Card for Authentication http://feedproxy.google.com/~r/PaymentsNews/~3/BMs8yc86GH0/bank-of-ameri-1.html http://www.paymentsnews.com/2008/11/bank-of-ameri-1.html Bank of America has announced the release of the SafePass(R) Card - a "new wallet-sized card essentially builds on SafePass, a one-time-use, six-digit code sent as a text message to consumers' mobile devices to authorize and help safeguard sensitive transactions." announced the release of the SafePass(R) Card - a "new wallet-sized card essentially builds on SafePass, a one-time-use, six-digit code sent as a text message to consumers' mobile devices to authorize and help safeguard sensitive transactions."

]]> Authentication Bank of America Payments News Editor Mon, 24 Nov 2008 09:51:22 -0800 http://www.paymentsnews.com/2008/11/bank-of-ameri-1.html ING DIRECT Suspends Home Foreclosures Through March 2009 http://feedproxy.google.com/~r/PaymentsNews/~3/DrtUX1LE_Dk/ing-direct-susp.html http://www.paymentsnews.com/2008/11/ing-direct-susp.html ING DIRECT has announced that it will "suspend foreclosure sales on occupied single-family properties through the end of March 2009. Furthermore, in the spirit of the holidays, ING DIRECT will also suspend evictions from occupied single-family properties until January 15, 2009. This formalizes a previously informal, internal process." suspend foreclosure sales on occupied single-family properties through the end of March 2009. Furthermore, in the spirit of the holidays, ING DIRECT will also suspend evictions from occupied single-family properties until January 15, 2009. This formalizes a previously informal, internal process."

]]> ING Direct Payments News Editor Mon, 24 Nov 2008 09:48:45 -0800 http://www.paymentsnews.com/2008/11/ing-direct-susp.html PayPal Introduces Mobile Access for PayPal Security Key http://feedproxy.google.com/~r/PaymentsNews/~3/juIJgqcm790/paypal-introduc.html http://www.paymentsnews.com/2008/11/paypal-introduc.html PayPal has announced a new way for members to add even more security to their PayPal accounts using their mobile phones. PayPal members can now choose to receive a unique six-digit security code via text message to their mobile phones prior to logging in to their accounts. unique six-digit security code via text message to their mobile phones prior to logging in to their accounts.

]]> Authentication ECommerce Payments Mobile Technology PayPal Payments News Editor Mon, 24 Nov 2008 09:44:26 -0800 http://www.paymentsnews.com/2008/11/paypal-introduc.html New Yorker: Anatomy of a Meltdown - Ben Bernanke Profile http://feedproxy.google.com/~r/PaymentsNews/~3/zcr9P1xNOYU/new-yorker-anat.html http://www.paymentsnews.com/2008/11/new-yorker-anat.html This week's New Yorker magazine has an article by John Cassidy titled "Anatomy of a Meltdown - Ben Bernanke and the Financial Crisis" that's available for reading online. Anatomy of a Meltdown - Ben Bernanke and the Financial Crisis" that's available for reading online.

]]> Banking Industry Financial Regulators Payments News Editor Mon, 24 Nov 2008 09:27:58 -0800 http://www.paymentsnews.com/2008/11/new-yorker-anat.html Other Banking and Payments Blogs http://feedproxy.google.com/~r/PaymentsNews/~3/igqUm7nbawk/other-banking-a.html http://www.paymentsnews.com/2008/11/other-banking-a.html For the last few months we've been hosting a page here on Payments News showing the latest updates from over 30 banking and payments-related blogs. We've recently streamlined the page so that it's now much faster to load. You can visit the new page here. If you're an active blogger discussing industry topics and would like to be included, follow the instructions on the Other Banking and Payments Blogs page. If you're really a banking and payments news junkie, you might also be interested in this new banking page on Alltop.com. latest updates from over 30 banking and payments-related blogs. We've recently streamlined the page so that it's now much faster to load. You can visit the new page here. If you're an active blogger discussing industry topics and would like to be included, follow the instructions on the Other Banking and Payments Blogs page.

If you're really a banking and payments news junkie, you might also be interested in this new banking page on Alltop.com.

]]> Banking Blogs Payments Blogs Payments News Editor Mon, 24 Nov 2008 09:07:57 -0800 http://www.paymentsnews.com/2008/11/other-banking-a.html New Edition of Ronald Mann's Payment Systems Book Published http://feedproxy.google.com/~r/PaymentsNews/~3/UkRBGSJei5w/new-edition-of.html http://www.paymentsnews.com/2008/11/new-edition-of.html Ronald J. Mann, Professor of Law at Columbia Law School, has updated his book "Payment Systems and Other Financial Transactions: Cases, Materials, and Problems" in a newly available fourth edition. If you're interested in the legal aspects of how the US payments system is put together, this is a great book. It should also be available soon from Amazon.com . Payment Systems and Other Financial Transactions: Cases, Materials, and Problems" in a newly available fourth edition. If you're interested in the legal aspects of how the US payments system is put together, this is a great book. It should also be available soon from Amazon.com.

]]> Banking Industry Payments News Editor Mon, 24 Nov 2008 09:03:15 -0800 http://www.paymentsnews.com/2008/11/new-edition-of.html A Look at Treasury's Office of Thrift Supervision http://feedproxy.google.com/~r/PaymentsNews/~3/V7s9evqlv-M/a-look-at-treas.html http://www.paymentsnews.com/2008/11/a-look-at-treas.html In a front page story in Sunday's edition titled "Banking Regulator Played Advocate Over Enforcer", Binyamin Appelbaum and Ellen Nakashima wrote for the Washington Post about the Office of Thrift Supervision - the banking regulator who have oversight responsibility for several of the biggest financial institution failures this year: Washington Mutual, IndyMac, and, as of last Friday evening, Downey Savings. Banking Regulator Played Advocate Over Enforcer", Binyamin Appelbaum and Ellen Nakashima wrote for the Washington Post about the Office of Thrift Supervision - the banking regulator who have oversight responsibility for several of the biggest financial institution failures this year: Washington Mutual, IndyMac, and, as of last Friday evening, Downey Savings.

]]> Banking Industry Financial Regulators Payments News Editor Mon, 24 Nov 2008 08:48:49 -0800 http://www.paymentsnews.com/2008/11/a-look-at-treas.html Goldleaf Announces Retail Remote Deposit Solution http://feedproxy.google.com/~r/PaymentsNews/~3/LI0Rloutcwg/goldleaf-announ.html http://www.paymentsnews.com/2008/11/goldleaf-announ.html Goldleaf Financial Solutions has announced the Sierra Xpedite Retail Remote Deposit solution enabling financial institutions to extend the reach of remote deposit across retail customer segments including consumers, micro businesses and small businesses. According to Goldleaf, "Sierra Xpedite Retail Remote Deposit is a new browser-based client application built using rich user interface technology with optimized workflows to meet the specific needs of small volume depositors. The solution facilitates the cost effective deployment of remote deposit functionality to financial institution retail customer segments through support for commercially available flatbed and multi-function (print, scan, copy, fax) scanning devices many users already have."

]]> Checking Accounts Remote Deposit Capture Payments News Editor Mon, 24 Nov 2008 08:06:43 -0800 http://www.paymentsnews.com/2008/11/goldleaf-announ.html UATP, Moneta Partner for Airline Payments http://feedproxy.google.com/~r/PaymentsNews/~3/8ujlF23uovg/uatp-moneta-par.html http://www.paymentsnews.com/2008/11/uatp-moneta-par.html Universal Air Travel Program (UATP) has announced that it has partnered with Moneta to support Moneta's online payment wallet for the 250 airlines utilizing UATP payment gateway services. Moneta offers consumers, airline and merchants an alternative payment method which is distributed and marketed through the consumer's bank. Airlines using the UATP payment gateway connection can activate Moneta on their retail checkout site with no infrastructure investment and minimal configuration. announced that it has partnered with Moneta to support Moneta's online payment wallet for the 250 airlines utilizing UATP payment gateway services. Moneta offers consumers, airline and merchants an alternative payment method which is distributed and marketed through the consumer's bank. Airlines using the UATP payment gateway connection can activate Moneta on their retail checkout site with no infrastructure investment and minimal configuration.

]]> Airline Payments Moneta UATP Payments News Editor Mon, 24 Nov 2008 06:19:51 -0800 http://www.paymentsnews.com/2008/11/uatp-moneta-par.html Javelin Looks at Prepaid Processors http://feedproxy.google.com/~r/PaymentsNews/~3/NMKXQXJyeYA/javelin-looks-a.html http://www.paymentsnews.com/2008/11/javelin-looks-a.html Javelin Strategy & Research has announced results from a study of how a prepaid card issuer should assess and choose a processing partner in order to obtain the greatest success from prepaid card programs. According to Javelin, the processor choice is often overlooked and undervalued by prepaid program managers - but growth in the complexity of prepaid products underscores the importance of selecting the right processor.

]]> Prepaid Cards and Stored Value Cards Processors Payments News Editor Mon, 24 Nov 2008 06:14:47 -0800 http://www.paymentsnews.com/2008/11/javelin-looks-a.html UK Card Issuers to Share Behavioral Data re: Credit Risk http://feedproxy.google.com/~r/PaymentsNews/~3/cE-4wxPqhMM/uk-card-issuers.html http://www.paymentsnews.com/2008/11/uk-card-issuers.html APACS, the UK payments association, on behalf of the UK credit card industry has announced "an important enhancement to well established data sharing processes to share ‘behavioural data’ on their customers’ accounts." share ‘behavioural data’ on their customers’ accounts."

]]> APACS Card Issuers Credit Card Debt Counseling UK Payments News Editor Mon, 24 Nov 2008 05:59:24 -0800 http://www.paymentsnews.com/2008/11/uk-card-issuers.html Headline News - November 24, 2008 http://feedproxy.google.com/~r/PaymentsNews/~3/8qhP7L1PrBU/headline-new-15.html http://www.paymentsnews.com/2008/11/headline-new-15.html Consumer Reports' Annual Public-Education Campaign Warns of the Pitfalls of Credit Card Debt FindLaw Helps Consumers Navigate the Financial Crisis: From Wall Street to Main Street ABA Says, 'Tis The Season to Use Credit Wisely Fiserv Case-Shiller® Home Price Insights: Weakness Broadens Across U.S. Housing Market as Credit Crunch, Tighter Lending Standards and Sagging Economy Take a Toll MoneyGram ExpressPayment: Consumers Pay the Price with Late Payments First Command Bank Offers Innovative Electronic Deposit Service MarketWatch: How to protect yourself against credit-card rate, fee hikes NEC Infrontia Secures Next-Generation POS Systems With Solidcore Cyveillance Warns of Dramatic Increase in Phishing...

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.

]]> Payments News - Headline News Payments News Editor Mon, 24 Nov 2008 05:56:25 -0800 http://www.paymentsnews.com/2008/11/headline-new-15.html Joint Statement on Citigroup http://feedproxy.google.com/~r/PaymentsNews/~3/0ucpB5IdMcw/joint-statement.html http://www.paymentsnews.com/2008/11/joint-statement.html The Federal Reserve has just posted a "Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup" on its web site. The release said: "The U.S. government is committed to supporting financial market stability, which is a prerequisite to restoring vigorous economic growth. In support of this commitment, the U.S. government on Sunday entered into an agreement with Citigroup to provide a package of guarantees, liquidity access, and capital." A copy of the term sheet was also provided. Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup" on its web site.

The release said: "The U.S. government is committed to supporting financial market stability, which is a prerequisite to restoring vigorous economic growth. In support of this commitment, the U.S. government on Sunday entered into an agreement with Citigroup to provide a package of guarantees, liquidity access, and capital."

A copy of the term sheet icon_PDF_small.gif was also provided.

]]> Citi Financial Regulators Payments News Editor Sun, 23 Nov 2008 21:17:00 -0800 http://www.paymentsnews.com/2008/11/joint-statement.html US Government Agrees to Citigroup Bailout http://feedproxy.google.com/~r/PaymentsNews/~3/NsoH75vO6u0/us-agrees-to-ci.html http://www.paymentsnews.com/2008/11/us-agrees-to-ci.html In an article by David Enrich, Carrick Mollenkamp, Matthias Rieker and Damian Paletta, the Wall St Journal is reporting late Sunday evening that the US government has agreed to "take unprecedented steps to stabilize Citigroup Inc. by moving to guarantee close to $300 billion in troubled assets weighing on the bank's books." See also the following stories: Washington Post - U.S. Putting Together Rescue for Citigroup, New York Times - U.S. Plan to Aid Citigroup Said to Be Near Approval. reporting late Sunday evening that the US government has agreed to "take unprecedented steps to stabilize Citigroup Inc. by moving to guarantee close to $300 billion in troubled assets weighing on the bank's books."

See also the following stories: Washington Post - U.S. Putting Together Rescue for Citigroup, New York Times - U.S. Plan to Aid Citigroup Said to Be Near Approval.

]]> Banking Industry Citi Financial Regulators Payments News Editor Sun, 23 Nov 2008 20:39:08 -0800 http://www.paymentsnews.com/2008/11/us-agrees-to-ci.html