On the web:

• Updated PayPal Mobile App for Android Featuring P2P NFC Capabilities - PayPal Blog
• In Myeong-dong Shopping District, Mobile Phones Replace Credit Cards - The Korea Herald

On the wires:

• Secure Remote Payment Council White Paper on Secure eCommerce and Mobile Payments
• Bell ID (Netherlands) Launches TSM Software Solutions to Manage NFC Ecosystem Complexity
• GlobalCollect Study Reveals Key Differences in Social and Mobile Gaming in China and Korea
• InteliSpend Prepaid Solutions Expands Offerings in Canada with Universal Visa Prepaid Card
• Delego and YESpay Jointly Provide SAP Customers with a Multi-channel EMV Payment Solution
• Aconite Partners with MK Technology to Distribution Payment Solutions in Vietnam

On the web:

• Consumers to Switch Banks Over Debit Fees - Bloomberg
• Google Wallet Picks Up Steam With NJ Transit Partnership - TechCrunch
• South Korean Credit Card Firms to Cut Domestic Transaction Fees - Korean Herald
• iZettle (the Square of Europe) Secures €8.2 million Funding - Wall Street Journal
• NetSecure Kudos Takes on Square in Mobile Payments - SlashGear
• Tagattitude Launches Audio-based Mobile Payments System in France - NFCNews

On the wires:

• Earthport to Extend Cross Border Payment Reach
• Moneris Brings Mobile Payment Acceptance to Smartphones in Canada
• Online Resources Signs American Heritage FCU For Advanced Banking Software
• Commidea’s Vanguard Payment Gateway Secures High Volume CNP Payments in UK
• BNP Paribas and Bottomline Technologies Announce SWIFT Service Bureau Partnership
• LINC New York Meeting - NFC: Next frontier for Commerce?

Over on Payments Views, our sister blog, Glenbrook has posted an excerpt from its South Korea eCommerce Market Analysis report that describes how the bill-to-mobile phenomenon works in South Korea. Many consider South Korea the cradle of mobile billing and its interesting how the payment method has evolved over time.

On the web:

• Isis Finds Tech, Seeks Banks - Bank Technology News
• Smartphone-based Payments Business is Quietly Booming (Ireland) – Siliconrepublic.com
• A Virtual Store With No Products Opens in Korea -Korea JoongAng Daily (via MSNBC)

On the wires:

• CashStar Adds Lettuce Entertain You Enterprises to its Growing Roster of Restaurant Brands
• HID Global Launches Next Generation Access Control Readers and Contactless Smart Cards

On the web:

• Using Facebook Credits as Ecommerce Sales Incentives - AuctionBytes
• PSECU's Remote Deposit Honor System - NetBanker
• 18 Fun Facts About Credit Cards - MSN Money
• 10 Reasons I'm Cancelling My Credit Cards - SmartMoney.com
• California Replacing Unemployment Checks with Debit Cards - Bakersfield.com
• Korean Govt To Credit Card Firms: We’re Watching You - Wall Street Journal
• Tapjoy Scores $30M to Boost Mobile App Monetization - FierceMobileContent
• Blaming the Fed’s Durbin Rule, Tempo Payments Prepares to Shut Down - Digital Transactions

On the wires:

• Spendvision’s new eMoney Module Enables Businesses to Track and Manage NFC Transactions
• Regions Bank Introduces Personal Pay to Send and Receive Electronic, P2P Payments
• CoVantage Credit Union Selects Tyfone to Deliver Next Generation Mobile Wallet Services
• U.S. Bank and Monitise Americas Introduce Free Mobile Banking Service for ReliaCard Visa Cardholders

Suki Kim writes an op-ed for the New York Times titled "Notes From Another Credit Card Crisis" that looks at the experience of South Korea - where credit card debt exploded in the early years of this decade.

Kim writes: "South Korea managed to weather the storm, albeit with no shortage of heartbreak. Today Seoul’s neon-lighted streets burst with credit-card friendly shops — but high household debt has depressed spending."