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 Tue, 13 May 2008 19:19:20 -0700 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. Summer Reading Recommendations: Payments Security http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289854467/summer-reading.html http://www.paymentsnews.com/2008/05/summer-reading.html Two important new books about security - and payments security in particular - arrived on my desk this week. The first book - the second edition of Ross Anderson's Security Engineering - provides fascinating insights into all of those things that are often overlooked when designing secure systems. Anderson provides a comprehensive survey of the issues, the nature of successful attacks, with serious recommendations on how to simply do better across a range of security applications. This is a big book - not exactly suited for reading on the beach - but important nonetheless! Rated 4.5 out of 5 stars... The first book - the second edition of Ross Anderson's Security Engineering - provides fascinating insights into all of those things that are often overlooked when designing secure systems. Anderson provides a comprehensive survey of the issues, the nature of successful attacks, with serious recommendations on how to simply do better across a range of security applications. This is a big book - not exactly suited for reading on the beach - but important nonetheless! Rated 4.5 out of 5 stars by Amazon.com reviewers.

The second book - Zero Day Threat by Byron Acohido and Jon Swartz - provides real insights into the threats that attackers are exploiting to gain the necessary information to take over online banking, PayPal, brokerage, and other accounts. If "know your enemy" makes sense to you, then you'll find Zero Day Threat of great interest. Zero Day Threat is 5-star rated by Amazon.com reviewers.

Both of these books have just been added to the first page of the Payments News Bookstore on Amazon.com.

]]> Data Security Glenbrook Online Banking PCI Compliance Security Payments News Editor Tue, 13 May 2008 19:19:20 -0700 http://www.paymentsnews.com/2008/05/summer-reading.html Deluxe Teams with The Bancorp Bank for Prepaid Cards http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289780702/deluxe-teams-wi.html http://www.paymentsnews.com/2008/05/deluxe-teams-wi.html The Bancorp Payment Solutions Group, a division of The Bancorp Bank, has announced it will be teaming with Deluxe Corporation, to offer the DeluxeCard agent bank program providing a turnkey prepaid card service to financial institutions. The Bancorp Bank, has announced it will be teaming with Deluxe Corporation, to offer the DeluxeCard agent bank program providing a turnkey prepaid card service to financial institutions.

]]> Bancorp Bank Deluxe Prepaid Cards and Stored Value Cards Payments News Editor Tue, 13 May 2008 16:34:49 -0700 http://www.paymentsnews.com/2008/05/deluxe-teams-wi.html Consumers' Card Rewards Could Be Cut By Interchange Legislation http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289776846/interchange-fee.html http://www.paymentsnews.com/2008/05/interchange-fee.html Robin Sidel writes for the Wall St. Journal about Thursday's House Judiciary Committee hearing on the Credit Card Fair Fee Act of 2008. Sidel writes that one effect of the legislation, if passed and signed into law, would reduce interchange fees paid to banks and, therefore, force issuing banks to cut back on their card reward programs. While merchants are saying that any interchange fee reductions would be passed along to consumers through lower prices, many in the industry say that is unlikely to be the case - and point to the lack of price reductions following action taken by... writes for the Wall St. Journal about Thursday's House Judiciary Committee hearing on the Credit Card Fair Fee Act of 2008. Sidel writes that one effect of the legislation, if passed and signed into law, would reduce interchange fees paid to banks and, therefore, force issuing banks to cut back on their card reward programs. While merchants are saying that any interchange fee reductions would be passed along to consumers through lower prices, many in the industry say that is unlikely to be the case - and point to the lack of price reductions following action taken by the Reserve Bank of Australia that cut interchange fees significantly in that country.

]]> Card Reward Programs Interchange Fees Payments News Editor Tue, 13 May 2008 16:26:31 -0700 http://www.paymentsnews.com/2008/05/interchange-fee.html SWIFT Annual Report Available http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289728441/swift-annual-re.html http://www.paymentsnews.com/2008/05/swift-annual-re.html SWIFT's 2007 Annual Report is available for download . "SWIFT is a community-inspired co-operative, founded by and for the financial services industry. We work globally with more than 8,300 organisations including banks, market infrastructures, securities institutions, corporations, network providers, business partners and technology companies to ensure the financial world can carry out its business operations with certainty." [Hat tip: Chris Skinner] SWIFT's 2007 Annual Report is available for download icon_PDF_small.gif.

"SWIFT is a community-inspired co-operative, founded by and for the financial services industry. We work globally with more than 8,300 organisations including banks, market infrastructures, securities institutions, corporations, network providers, business partners and technology companies to ensure the financial world can carry out its business operations with certainty."

[Hat tip: Chris Skinner]

]]> SWIFT Payments News Editor Tue, 13 May 2008 14:49:56 -0700 http://www.paymentsnews.com/2008/05/swift-annual-re.html Mobile Phones Are More Important than Wallets or Keys http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289613497/mobile-phones-a.html http://www.paymentsnews.com/2008/05/mobile-phones-a.html Nortel has released results of a new study of the 'Culture of Connectivity' saying we're entering a period of hyperconnectivity. One of the findings: when asked which item people would take if they had to leave the house for 24 hours, more than 38 percent of global respondents chose their mobile phone over their wallet, keys, laptop and MP3 player. Less than 30 percent chose their wallet first. In Latin America, more than 50 percent chose their mobile phone over any other item. The hyperconnecteds preferred leaving with their laptops. The study is available online with registration. They also have... Culture of Connectivity' saying we're entering a period of hyperconnectivity. One of the findings: when asked which item people would take if they had to leave the house for 24 hours, more than 38 percent of global respondents chose their mobile phone over their wallet, keys, laptop and MP3 player. Less than 30 percent chose their wallet first. In Latin America, more than 50 percent chose their mobile phone over any other item. The hyperconnecteds preferred leaving with their laptops. The study is available online with registration. They also have a blog on hyperconnectivity.

]]> Mobile Banking Mobile Payments Mobile Technology Payments News Editor Tue, 13 May 2008 11:21:53 -0700 http://www.paymentsnews.com/2008/05/mobile-phones-a.html Bank of America's Keep the Change Reaches $1 Billion Milestone http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289608327/bank-of-ameri-1.html http://www.paymentsnews.com/2008/05/bank-of-ameri-1.html Launched two and a half years ago, Bank of America's Keep the Change savings program has helped its customers save more than one billion dollars in customer round-ups and bank-matching funds, the bank announced today. Launched two and a half years ago, Bank of America's Keep the Change savings program has helped its customers save more than one billion dollars in customer round-ups and bank-matching funds, the bank announced today.

]]> Bank of America Card Reward Programs Checking Accounts Debit Cards Payments News Editor Tue, 13 May 2008 11:13:28 -0700 http://www.paymentsnews.com/2008/05/bank-of-ameri-1.html Fedwire Funds Service, CHIPS Announce New Formats Support http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289569780/fedwire-funds-s.html http://www.paymentsnews.com/2008/05/fedwire-funds-s.html The Federal Reserve Banks (FRBs) and The Clearing House Payments Company (TCH) have announced plans to implement enhanced message formats to accommodate both cover payments and payments containing business remittance information on their respective U.S. dollar wire transfer systems, the Fedwire® Funds Service and CHIPS.

]]> Clearing House Payments Company Commercial Payments Wire Transfer Payments News Editor Tue, 13 May 2008 10:10:45 -0700 http://www.paymentsnews.com/2008/05/fedwire-funds-s.html Smart Card Alliance Announces 2008 OSCA Awards http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289453936/smart-card-alli.html http://www.paymentsnews.com/2008/05/smart-card-alli.html The Smart Card Alliance has announced the 2008 award winners for "Outstanding Smart Card Achievement" (OSCA) in the North American and Latin American smart card industry during its annual conference, taking place at the CTST 2008 The Americas Conference and Exhibition in Orlando this week.

]]> Card Technology Payments News Editor Tue, 13 May 2008 07:01:20 -0700 http://www.paymentsnews.com/2008/05/smart-card-alli.html Chase Payroll Card for Nursefinders Provides Daily Salary Payments http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289450956/chase-payroll-c.html http://www.paymentsnews.com/2008/05/chase-payroll-c.html In an economic environment where many workers are feeling the pinch of the rising cost of living, Nursefinders Inc., one of the nation’s largest healthcare staffing providers, has announced that it is offering daily salary payments to temporary employees who have registered at no cost for a Chase Payroll Card. Upon completion of a daily work shift, an employee’s payroll card account is credited with salary payment as quickly as two hours after an approved time card is submitted.

]]> Chase Card Services Payroll Cards Payments News Editor Tue, 13 May 2008 06:55:29 -0700 http://www.paymentsnews.com/2008/05/chase-payroll-c.html Blackhawk Network Announces Hawk Awards http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289449291/blackhawk-netwo.html http://www.paymentsnews.com/2008/05/blackhawk-netwo.html Blackhawk Network has announced the winners of its Hawk Awards, honoring four companies’ and one industry leader’s excellence in the gift card industry. Winners were chosen in several areas; Card Design, Product Innovation, Industry Achievement and Industry Pioneer.

]]> Blackhawk Network Gift Cards Payments News Editor Tue, 13 May 2008 06:51:14 -0700 http://www.paymentsnews.com/2008/05/blackhawk-netwo.html New Online Banking Report: Social Investing Communities http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289435762/new-online-bank.html http://www.paymentsnews.com/2008/05/new-online-bank.html A new Online Banking Report has been published titled 'Online Investing Communities: Will social networking revolutionize saving & investing?'. From the announcement: 'We believe social networking will eventually play a large role in online investing, and evidently we are not alone. We found 54 companies involved in investment information exchange and only six of those have monthly traffic of 100,000 or more.' Online Investing Communities: Will social networking revolutionize saving & investing?'. From the announcement: 'We believe social networking will eventually play a large role in online investing, and evidently we are not alone. We found 54 companies involved in investment information exchange and only six of those have monthly traffic of 100,000 or more.'

]]> Online Banking p2p - Person to Person Lending Payments News Editor Tue, 13 May 2008 06:29:33 -0700 http://www.paymentsnews.com/2008/05/new-online-bank.html NACHA Names Janet Estep as Next CEO http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289426646/nacha-names-jan.html http://www.paymentsnews.com/2008/05/nacha-names-jan.html The NACHA Board of Directors has selected Janet O. Estep, most recently an executive vice president with U.S. Bank, to succeed Elliott McEntee, who will retire as president and chief executive officer at the end of 2008. During the transition period, Estep will serve as president and chief operating officer and McEntee will continue as chief executive officer.

]]> ACH Announce Yourself! NACHA Payments News Editor Tue, 13 May 2008 06:12:55 -0700 http://www.paymentsnews.com/2008/05/nacha-names-jan.html More Legislative Backlash Over Interchange Fees http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289422113/more-legislativ.html http://www.paymentsnews.com/2008/05/more-legislativ.html In an article titled 'Welch pushes bill to trim back credit card fees on businesses' in the Barre-Montpelier Times Argus, Peter Hirschfeld reports from Vermont about Rep. Peter Welch's news conference yesterday where he attacked 'rising credit card fees' and announced plans to introduce new legislation concerning them later this week. "It's a near monopoly they have," Welch said of VISA and MasterCard. "And, as is often the case with monopoly power, it's abused." More information is available on Welch's web site. Welch pushes bill to trim back credit card fees on businesses' in the Barre-Montpelier Times Argus, Peter Hirschfeld reports from Vermont about Rep. Peter Welch's news conference yesterday where he attacked 'rising credit card fees' and announced plans to introduce new legislation concerning them later this week. "It's a near monopoly they have," Welch said of VISA and MasterCard. "And, as is often the case with monopoly power, it's abused." More information is available on Welch's web site.

]]> Interchange Fees MasterCard Merchants Visa Payments News Editor Tue, 13 May 2008 06:04:24 -0700 http://www.paymentsnews.com/2008/05/more-legislativ.html INSIDE Contactless Ships Over 50 Million Contactless Units http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289415083/inside-contactl.html http://www.paymentsnews.com/2008/05/inside-contactl.html INSIDE Contactless has announced that shipments of its MicroPass intelligent payment platform for contactless payment cards has surpassed 50 million units. According to the company, 'MicroPass is used to power more certified card products than any other contactless technology, providing issuers with broad choices for card manufacturing. Its low power and high performance, combined with the industry's fastest transaction time and outstanding read distance, enables MicroPass to deliver a superior cardholder experience for a broad range of innovative uses.' INSIDE Contactless has announced that shipments of its MicroPass intelligent payment platform for contactless payment cards has surpassed 50 million units. According to the company, 'MicroPass is used to power more certified card products than any other contactless technology, providing issuers with broad choices for card manufacturing. Its low power and high performance, combined with the industry's fastest transaction time and outstanding read distance, enables MicroPass to deliver a superior cardholder experience for a broad range of innovative uses.'

]]> Card Technology Contactless Payments INSIDE Contactless Payments News Editor Tue, 13 May 2008 05:52:44 -0700 http://www.paymentsnews.com/2008/05/inside-contactl.html Headline News - May 13, 2008 http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289413424/headline-news-9.html http://www.paymentsnews.com/2008/05/headline-news-9.html Zoot and ID Insight Partner to Deliver Address-Based Identity Fraud Solution Varolii Unveils Next-Generation Predictive Analytics for Customer Communications Emergence Capital Names Jeffrey E. Stiefler as Venture Partner Genesis Financial Solutions Launches New Originations Website for Non-Prime Consumers Four51 e-Commerce Platform Achieves Level 1 PCI Compliance to Protect the Security of All Credit Card Transactions on Its Network Times Online (UK): Low-risk credit card borrowers penalised Bank Of America Focused On Consumer Credit Amid Weak Economy Discover gets US antitrust OK for Diners Club buy Stop & Shop Expands Customer-Centric Assortment Planning Using IRI Loyalty Analytics Assortment Planner Solution Metatomix's...

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, 13 May 2008 05:49:02 -0700 http://www.paymentsnews.com/2008/05/headline-news-9.html This Week's US House Committee Hearing on US Interchange Fees http://feeds.paymentsnews.com/~r/PaymentsNews/~3/289087568/house-hearing-u.html http://www.paymentsnews.com/2008/05/house-hearing-u.html The US House Judiciary Committee is holding a hearing this Thursday, May 15th, on H.R. 5546, the “Credit Card Fair Fee Act of 2008”. That bill was introduced by committee chairman Rep. John Conyers, Jr. In an article titled "Old foes unite to keep charging credit card fees to merchants", The Hill reports that the "heated battle over the credit card fees charged to merchants has united two eternal foes" - namely, banks and credit unions. As of tonight, the witness list for Thursday's hearing hasn't been announced. hearing this Thursday, May 15th, on H.R. 5546, the “Credit Card Fair Fee Act of 2008”. That bill was introduced by committee chairman Rep. John Conyers, Jr. In an article titled "Old foes unite to keep charging credit card fees to merchants", The Hill reports that the "heated battle over the credit card fees charged to merchants has united two eternal foes" - namely, banks and credit unions. As of tonight, the witness list for Thursday's hearing hasn't been announced.

]]> Interchange Fees Payments News Editor Mon, 12 May 2008 18:33:19 -0700 http://www.paymentsnews.com/2008/05/house-hearing-u.html Glenbrook's Roundtable on the Structure of the Merchant Marketplace http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288965722/glenbrooks-roun.html http://www.paymentsnews.com/2008/05/glenbrooks-roun.html Glenbrook's next roundtable on the Structure of the Merchant Marketplace will be held June 10th in Santa Clara, California. Registration is now open. Allen Weinberg and Carol Coye Benson will be taking a special look "under the covers" – focusing on the key industry verticals within the U.S. merchant marketplace. Structure of the Merchant Marketplace will be held June 10th in Santa Clara, California. Registration is now open. Allen Weinberg and Carol Coye Benson will be taking a special look "under the covers" – focusing on the key industry verticals within the U.S. merchant marketplace.

]]> Glenbrook Glenbrook Payments Education Merchant Payment Solutions Merchants Payments News Editor Mon, 12 May 2008 14:30:57 -0700 http://www.paymentsnews.com/2008/05/glenbrooks-roun.html New Indictments for Stealing Card Stripes from Restaurant Chain http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288925052/new-indictments.html http://www.paymentsnews.com/2008/05/new-indictments.html Assistant Attorney General Alice S. Fisher of the Criminal Division and U.S. Attorney for the Eastern District of New York Benton J. Campbell have announced that 'three defendants have been charged in a federal grand jury indictment and complaint with illegally accessing the computer systems of a national restaurant chain and stealing credit and debit card numbers from that system.' announced that 'three defendants have been charged in a federal grand jury indictment and complaint with illegally accessing the computer systems of a national restaurant chain and stealing credit and debit card numbers from that system.'

]]> Card Fraud Data Security PCI Compliance Payments News Editor Mon, 12 May 2008 13:14:11 -0700 http://www.paymentsnews.com/2008/05/new-indictments.html FTC to Hold July 24 Town Hall Meeting on Contactless Payment http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288915484/ftc-to-host-jul.html http://www.paymentsnews.com/2008/05/ftc-to-host-jul.html The Federal Trade Commission and the Technology Law and Public Policy clinic at the University of Washington Law School have announced they will be holding a one-day Town Hall meeting entitled “Pay on the Go: Consumers and Contactless Payment" to be held July 24 in Seattle to explore emerging uses of contactless payment devices and their implications for consumer protection policy. According to FTC, the Town Hall follows up on its November 2006 forum, “Protecting Consumers in the Next Tech-ade,” which examined the key technological and business developments that will shape consumers’ experiences in the coming decade. Pay on the Go: Consumers and Contactless Payment" to be held July 24 in Seattle to explore emerging uses of contactless payment devices and their implications for consumer protection policy. According to FTC, the Town Hall follows up on its November 2006 forum, “Protecting Consumers in the Next Tech-ade,” which examined the key technological and business developments that will shape consumers’ experiences in the coming decade.

]]> Card Technology Contactless Payments Financial Regulators Mobile Payments Near Field Communication (NFC) Payments News Editor Mon, 12 May 2008 12:55:15 -0700 http://www.paymentsnews.com/2008/05/ftc-to-host-jul.html FHA Encourages Lenders to Use Bill Payment Data for Loans http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288868248/fha-encourages.html http://www.paymentsnews.com/2008/05/fha-encourages.html PRBC, a bill payment credit bureau, has announced that its credit verification, reporting and scoring procedures meet or exceed new guidance provided by the Federal Housing Administration (FHA) for verifying "bill payment" histories and establishing credit scores for borrowers with little or no traditional credit files or FICO scores. announced that its credit verification, reporting and scoring procedures meet or exceed new guidance provided by the Federal Housing Administration (FHA) for verifying "bill payment" histories and establishing credit scores for borrowers with little or no traditional credit files or FICO scores.

]]> Credit Bureaus Credit Scores PRBC Payments News Editor Mon, 12 May 2008 11:37:54 -0700 http://www.paymentsnews.com/2008/05/fha-encourages.html Wednesday Webinar on Alternative eCommerce Payment Options http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288794020/glenbrook-looks.html http://www.paymentsnews.com/2008/05/glenbrook-looks.html Reminder: eBillme has announced a webinar this Wednesday, May 14, where Russ Jones of Glenbrook Partners will provide an in-depth look at the retailer integration process for several alternative payment options including: Bill Me Later, eBillme, Google Checkout, and PayPal. Registration for the webinar is available online. announced a webinar this Wednesday, May 14, where Russ Jones of Glenbrook Partners will provide an in-depth look at the retailer integration process for several alternative payment options including: Bill Me Later, eBillme, Google Checkout, and PayPal. Registration for the webinar is available online.

]]> eBillMe ECommerce Payments Glenbrook Payments News Editor Mon, 12 May 2008 09:29:48 -0700 http://www.paymentsnews.com/2008/05/glenbrook-looks.html Colorado Labor Department Launches Automated Payment Card http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288783848/colorado-labor.html http://www.paymentsnews.com/2008/05/colorado-labor.html The Colorado Department of Labor and Employment has partnered with Chase to change the way benefit payments are issued by the state’s Unemployment Insurance Program. Recipients will be issued a Visa debit card called a Colorado Automated Payment (CAP) Card and benefits will automatically be deposited into their CAP Card account. The CAP Card can be used for purchases anywhere Visa is accepted. An FAQ on the CAP Card is available on the Colorado Department of Labor and Employment's web site. Colorado Automated Payment (CAP) Card and benefits will automatically be deposited into their CAP Card account. The CAP Card can be used for purchases anywhere Visa is accepted. An FAQ on the CAP Card is available on the Colorado Department of Labor and Employment's web site.

]]> Chase Card Services Debit Cards Government Payments Visa Payments News Editor Mon, 12 May 2008 09:12:39 -0700 http://www.paymentsnews.com/2008/05/colorado-labor.html Universal Studios Partners with GE Money, American Express http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288677261/universal-studi.html http://www.paymentsnews.com/2008/05/universal-studi.html Universal Studios has announced it has entered into a multi-year marketing and financial services alliance with GE Money and American Express. Under the arrangement, American Express becomes the official payment of choice at Universal Studios Theme Parks Resorts; GE Money becomes the Parks' official financial services sponsor; and the companies launch the new Universal American Express Card issued by GE Money. Universal American Express Card issued by GE Money.

]]> American Express Card Reward Programs Credit Cards GE Money Payments News Editor Mon, 12 May 2008 06:16:21 -0700 http://www.paymentsnews.com/2008/05/universal-studi.html US Credit Card Issuers 2007 Financial Results http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288673308/us-credit-card.html http://www.paymentsnews.com/2008/05/us-credit-card.html Cards&Payments has released the results of its Annual Bankcard Profitability Study finding that credit card issuers in 2007 generated a sizeable profit, though down slightly from the previous year. According to the study, the industry posted a collective after-tax return on assets of $18.08 billion, or 2.79% of average outstandings - down 1.58% from $18.37 billion and 2.97% in 2006. Cards&Payments has released the results of its Annual Bankcard Profitability Study finding that credit card issuers in 2007 generated a sizeable profit, though down slightly from the previous year. According to the study, the industry posted a collective after-tax return on assets of $18.08 billion, or 2.79% of average outstandings - down 1.58% from $18.37 billion and 2.97% in 2006.

]]> Card Issuers Credit Cards Payments News Editor Mon, 12 May 2008 06:08:57 -0700 http://www.paymentsnews.com/2008/05/us-credit-card.html AuctionBytes Interviews Google Checkout's Prem Ramaswami http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288664979/auctionbytes--1.html http://www.paymentsnews.com/2008/05/auctionbytes--1.html AuctionByte's Ina Steiner interviews Prem Ramaswami, Associate Product Manager for Google Checkout, for an update on Google's payment service. Both a podcast and a transcript of the interview are available. Ramaswami says: "We want to create the fastest, safest and most convenient shopping method for our buyers to use, and we want to increase ecommerce, because we strongly believe that increasing ecommerce increases the size of the pie for everybody out there." interviews Prem Ramaswami, Associate Product Manager for Google Checkout, for an update on Google's payment service. Both a podcast and a transcript of the interview are available. Ramaswami says: "We want to create the fastest, safest and most convenient shopping method for our buyers to use, and we want to increase ecommerce, because we strongly believe that increasing ecommerce increases the size of the pie for everybody out there."

]]> ECommerce Payments Google Checkout Payments News Editor Mon, 12 May 2008 05:54:13 -0700 http://www.paymentsnews.com/2008/05/auctionbytes--1.html Preparing for OFAC Screening on International ACH Transactions http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288664159/preparing-for-o.html http://www.paymentsnews.com/2008/05/preparing-for-o.html EPN, the ACH business of The Clearing House Payments Company, is urging financial institutions to start planning now to meet OFAC requirements for new international ACH transactions (IAT) in March 2009 and has created an IAT Readiness Checklist to help financial institutions prepare. EPN, the ACH business of The Clearing House Payments Company, is urging financial institutions to start planning now to meet OFAC requirements for new international ACH transactions (IAT) in March 2009 and has created an IAT Readiness Checklist to help financial institutions prepare.

]]> ACH International Payments Framework NACHA Payments News Editor Mon, 12 May 2008 05:51:37 -0700 http://www.paymentsnews.com/2008/05/preparing-for-o.html SmartPay Launches Utility Bill Payment Service in China http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288662738/smartpay-launch.html http://www.paymentsnews.com/2008/05/smartpay-launch.html Shanghai SmartPay Jieyin, in partnership with China Unicom, China Unionpay and Huishang Bank, has launched its mobile wallet service for paying utility bills in Anhui Province. This service allows users to pay bills any time, any where, without having to go to banks or toll stations. SmartPay says" 'all they have to do is to send a SMS and bills are paid, saving time and cost.'

]]> Bill Payment China Mobile Payments Smartpay Payments News Editor Mon, 12 May 2008 05:47:51 -0700 http://www.paymentsnews.com/2008/05/smartpay-launch.html Headline News - May 12, 2008 http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288380810/headline-news-8.html http://www.paymentsnews.com/2008/05/headline-news-8.html New Aite Group Report: Online and Mobile Banking Product Development Roadmap 2008 Credit Union Retail Delivery Convention in Chicago 'Reshaping The Playing Field Through Innovative Solutions' TheStreet.com: Credit vs. Debit Cards: Weighing the Options SmartMoney: 4 Credit-Card Protections Shoppers Should Know About New Jupiter Research Report: Alternative Payments Update - Tracking and Driving Consumer Adoption Datacard Group Introduces Revolutionary New Tamper Evident Security Laminate State Unemployment Insurance Programs Adopt QuickAddress Software for Address Verification FireEye Secures $14.5 Million in Series C Funding to Combat Growing Botnet Problem Gemalto and McAfee, Inc. Introduce Simple Two-Factor Authentication for Full Disk Encryption Key...

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, 12 May 2008 05:00:00 -0700 http://www.paymentsnews.com/2008/05/headline-news-8.html Sometimes Just Being Persistent Gets Lower Credit Card Rates http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288129864/sometimes-being.html http://www.paymentsnews.com/2008/05/sometimes-being.html The Washington Post carries a Kiplinger.com story in today's personal finance section about Sam Sweet and how he's been effective at negotiating lower credit card interest rates from his card issuers. His strategy: he simply doesn't take "no" for an answer - typically escalating all the way to the president's office for each issuer. negotiating lower credit card interest rates from his card issuers. His strategy: he simply doesn't take "no" for an answer - typically escalating all the way to the president's office for each issuer.

]]> Card Issuers Credit Card Debt Counseling Credit Cards Payments News Editor Sun, 11 May 2008 09:22:04 -0700 http://www.paymentsnews.com/2008/05/sometimes-being.html More on First Data Corp. and the Frontier Airlines Bankruptcy http://feeds.paymentsnews.com/~r/PaymentsNews/~3/288067044/more-on-first-d.html http://www.paymentsnews.com/2008/05/more-on-first-d.html In a column titled 'No surprise: First Data nearly led to last of Frontier', business columnist Al Lewis writes for the Denver Post about First Data CEO Michael Capellas and his comments about the recent bankruptcy filing by Frontier Airlines that resulted from First Data requiring an increase in reserves from Frontier. No surprise: First Data nearly led to last of Frontier', business columnist Al Lewis writes for the Denver Post about First Data CEO Michael Capellas and his comments about the recent bankruptcy filing by Frontier Airlines that resulted from First Data requiring an increase in reserves from Frontier.

]]> First Data Corp. Merchant Acquirers Payments News Editor Sun, 11 May 2008 06:57:16 -0700 http://www.paymentsnews.com/2008/05/more-on-first-d.html Payments News - Weekly Wrap - May 10, 2008 http://feeds.paymentsnews.com/~r/PaymentsNews/~3/287507900/payments-news-1.html http://www.paymentsnews.com/2008/05/payments-news-1.html Here's a review of this week's top stories on Payments News. If you missed it, last week's Weekly Wrap is here. Back to the future!: for fun, click for this week's activity here on Payments News last year! ACH News NACHA's Secure Vault Payments went live with its first merchant. (See more ACH, eCommerce Payments, NACHA and Secure Vault Payments news.) Chase News Chase announced it was investing in Rearden Commerce and entering into a strategic relationship to use Rearden's services. (See more Chase Card Services news.) Chase announced it was purchasing 47 percent of Target's credit card receivables. (See... this week's top stories on Payments News. If you missed it, last week's Weekly Wrap is here. Back to the future!: for fun, click for this week's activity here on Payments News last year!

You can find all of our Weekly Wrap summaries in the Payments News Weekly Wrap Archive. They're published every Saturday and look back at the highlights of the week's news. Please send us on how we can improve the Weekly Wrap!

]]> Weekly Wrap Payments News Editor Sat, 10 May 2008 07:05:01 -0700 http://www.paymentsnews.com/2008/05/payments-news-1.html eBay's PayPal-only Plans in Australia Stir Controversy http://feeds.paymentsnews.com/~r/PaymentsNews/~3/287467993/ebays-paypal-on.html http://www.paymentsnews.com/2008/05/ebays-paypal-on.html Ina Steiner writes for AuctionBytes.com about new developments as eBay moves forward with plans to mandate PayPal on sellers in Australia. She cites several submissions to the inquiry into the practice being conducted by the Australian Competition and Consumer Commission. new developments as eBay moves forward with plans to mandate PayPal on sellers in Australia. She cites several submissions to the inquiry into the practice being conducted by the Australian Competition and Consumer Commission.

]]> Australia ECommerce Payments PayPal Payments News Editor Sat, 10 May 2008 05:29:18 -0700 http://www.paymentsnews.com/2008/05/ebays-paypal-on.html Credit Card Issuers Close More Inactive Consumer Accounts http://feeds.paymentsnews.com/~r/PaymentsNews/~3/287091587/credit-card-iss.html http://www.paymentsnews.com/2008/05/credit-card-iss.html Lisa Scherzer writes for the Wall St. Journal that more credit card issuers are closing inactive accounts. She writes: 'As credit-card delinquencies rise, closing inactive accounts helps companies reduce their exposure to risky credit holders.' more credit card issuers are closing inactive accounts. She writes: 'As credit-card delinquencies rise, closing inactive accounts helps companies reduce their exposure to risky credit holders.'

]]> Credit Cards Payments News Editor Fri, 09 May 2008 14:10:16 -0700 http://www.paymentsnews.com/2008/05/credit-card-iss.html Security and Convenience - or Is It Convenience and Security? http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286992694/security-and-co.html http://www.paymentsnews.com/2008/05/security-and-co.html Jupiter's Ed Kountz blogs about alternative online payments ((PayPal, BillMeLater, Google Checkout and eBillMe). He writes: "A new JupiterResearch report indicates that consumers who are turning to alternative online payments are doing so for two primary reasons. The first is security -- in the form of not having to enter card information online. The second, convenience, is related—as anyone who has ever wanted to make a purchase on a PC upstairs, using a credit card located in a wallet or purse a floor or two away has found." Which do you think is most important for consumer adoption: convenience or... alternative online payments ((PayPal, BillMeLater, Google Checkout and eBillMe).

He writes: "A new JupiterResearch report indicates that consumers who are turning to alternative online payments are doing so for two primary reasons. The first is security -- in the form of not having to enter card information online. The second, convenience, is related—as anyone who has ever wanted to make a purchase on a PC upstairs, using a credit card located in a wallet or purse a floor or two away has found." Which do you think is most important for consumer adoption: convenience or security?

Ed's new blog is one of many payments and banking blogs that we've recently collected onto our "Other Blogs" page. On one page there you can see the titles of the latest posts on over 30 blogs.

]]> ECommerce Payments Payments Blogs Payments News Editor Fri, 09 May 2008 10:57:47 -0700 http://www.paymentsnews.com/2008/05/security-and-co.html Disruption in the Payments World http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286983887/disruption-in-t.html http://www.paymentsnews.com/2008/05/disruption-in-t.html Celent has published a new report titled 'Disruption in the Payments World' saying that 'the current euphoric era for many issuers will be disrupted and quite possibly eliminated over the next three years.' Why? Celent's reasons include a forecast that interchange rates will begin to decline, that a large payments company will launch an alternative network to MasterCard and Visa, and that credit card issuers will need to diversify their payments mix by adding decoupled debit payment options. Disruption in the Payments World' saying that 'the current euphoric era for many issuers will be disrupted and quite possibly eliminated over the next three years.' Why? Celent's reasons include a forecast that interchange rates will begin to decline, that a large payments company will launch an alternative network to MasterCard and Visa, and that credit card issuers will need to diversify their payments mix by adding decoupled debit payment options.

]]> Card Issuers Card Payments Credit Cards Debit Cards Decoupled Debit Cards Innovation Payments News Editor Fri, 09 May 2008 10:41:09 -0700 http://www.paymentsnews.com/2008/05/disruption-in-t.html Debit Cards Replacing Cheques at Retailers in UK http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286975143/debit-cards-rep.html http://www.paymentsnews.com/2008/05/debit-cards-rep.html APACS, the UK payments association, has released figures showing that the debit card retains its popularity at retailers, with spending on debit cards increasing by 11% last year. According to APACS, this increase stands in stark contrast to paper cheque spending which declined by 7.5% in terms of value and 13% by volume over the same period. Credit card spending at retailers in the UK has not grown over the last three years. debit card retains its popularity at retailers, with spending on debit cards increasing by 11% last year. According to APACS, this increase stands in stark contrast to paper cheque spending which declined by 7.5% in terms of value and 13% by volume over the same period. Credit card spending at retailers in the UK has not grown over the last three years.

]]> APACS Credit Cards Debit Cards UK Payments News Editor Fri, 09 May 2008 10:26:58 -0700 http://www.paymentsnews.com/2008/05/debit-cards-rep.html Visa Inc. to Make Operating Regulations Available to the Public http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286966082/visa-inc-makes.html http://www.paymentsnews.com/2008/05/visa-inc-makes.html Visa Inc. has announced that it will for the first time make its Visa International and Regional Operating Regulations available publicly, effective May 15, 2008. According to Visa, the Operating Regulations, which will be available on Visa's corporate website at http://www.corporate.visa.com, are 'the set of rules which govern the participation of issuing and acquiring financial institutions in the Visa system.' Visa also said that 'to protect cardholder and merchant safety and the Visa system, Visa has omitted proprietary and competitive information, as well as certain details from the rules relating to the security of the network. For example, in the... http://www.corporate.visa.com, are 'the set of rules which govern the participation of issuing and acquiring financial institutions in the Visa system.' Visa also said that 'to protect cardholder and merchant safety and the Visa system, Visa has omitted proprietary and competitive information, as well as certain details from the rules relating to the security of the network. For example, in the merchant rules, Visa has omitted authorization limits by country and processing codes which could aid fraudsters.'

]]> Visa Payments News Editor Fri, 09 May 2008 10:11:04 -0700 http://www.paymentsnews.com/2008/05/visa-inc-makes.html Beyond Voice: Mapping the Mobile Marketplace http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286840684/beyond-voice-ma.html http://www.paymentsnews.com/2008/05/beyond-voice-ma.html For the last two days, the Federal Trade Commission held a Town Hall meeting in Washington to explore the evolving mobile commerce (M-commerce) marketplace and its implications for consumer protection policy. The FTC has posted the agenda for the meeting along with webcasts of the sessions along with transcripts (to be available soon). Town Hall meeting in Washington to explore the evolving mobile commerce (M-commerce) marketplace and its implications for consumer protection policy. The FTC has posted the agenda for the meeting along with webcasts of the sessions along with transcripts (to be available soon).

]]> Financial Regulators Mobile Banking Mobile Payments Mobile Technology Payments News Editor Fri, 09 May 2008 06:52:34 -0700 http://www.paymentsnews.com/2008/05/beyond-voice-ma.html Monitise, Metavante Partner For Mobile Money in UK http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286819646/monitise-metava.html http://www.paymentsnews.com/2008/05/monitise-metava.html In the UK, Monitise and Metavante have announced that they are working with Carphone Warehouse to launch a “mobile money” scheme that includes the introduction of a Carphone Warehouse prepay card managed directly from the mobile phone that can be used to shop in millions of outlets worldwide.

]]> Metavante Mobile Payments Monitise Prepaid Cards and Stored Value Cards Payments News Editor Fri, 09 May 2008 06:15:41 -0700 http://www.paymentsnews.com/2008/05/monitise-metava.html Reserve Bank of Australia Comments on eBay's PayPal Mandate http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286808778/reserve-bank-of.html http://www.paymentsnews.com/2008/05/reserve-bank-of.html The Reserve Bank of Australia has made comments to the Australian Competition and Consumer Commission's inquiry into eBay's recent announcement that it would mandate the use of PayPal for payments on eBay's Australian site. The RBA comments: 'The proposed conduct by eBay is to mandate the use of PayPal for almost all transactions on the eBay site. This raises three potential issues in relation to the payments system. The first is that it could limit the ability of new on-line payment systems to become established and for alternative systems to compete in the on-line payments space. The second is that... comments to the Australian Competition and Consumer Commission's inquiry into eBay's recent announcement that it would mandate the use of PayPal for payments on eBay's Australian site. The RBA comments: 'The proposed conduct by eBay is to mandate the use of PayPal for almost all transactions on the eBay site. This raises three potential issues in relation to the payments system. The first is that it could limit the ability of new on-line payment systems to become established and for alternative systems to compete in the on-line payments space. The second is that it could restrict merchants' ability to negotiate lower fees. And the third is that it restricts choice for consumers.' More in the RBA's full submission. Also, CNN reports on eBay's move.

]]> Australia ECommerce Payments PayPal Payments News Editor Fri, 09 May 2008 05:58:43 -0700 http://www.paymentsnews.com/2008/05/reserve-bank-of.html Citigroup Holds Investor and Analyst Day http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286798626/citigroup-holds.html http://www.paymentsnews.com/2008/05/citigroup-holds.html Citigroup is holding an investor and analyst day today in New York. A presentation is available online along with a webcast. Included in the presentation discussing Citi's innovation efforts are mentions of its mobile banking and mobile payments efforts with Obopay, SK Telecom, AT&T and Firethorn (slide 17). In an article titled "Blue-Light Specials at Citigroup as Its New Chief Plans a Revival", Eric Dash reports for the New York Times on efforts by Citi over the last several months to dispose of some of its weaker business assets. presentation icon_PDF_small.gif is available online along with a webcast. Included in the presentation discussing Citi's innovation efforts are mentions of its mobile banking and mobile payments efforts with Obopay, SK Telecom, AT&T and Firethorn (slide 17). In an article titled "Blue-Light Specials at Citigroup as Its New Chief Plans a Revival", Eric Dash reports for the New York Times on efforts by Citi over the last several months to dispose of some of its weaker business assets.

]]> Citi Cards Payments News Editor Fri, 09 May 2008 05:39:26 -0700 http://www.paymentsnews.com/2008/05/citigroup-holds.html Headline News - May 9, 2008 http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286788989/headline-news-7.html http://www.paymentsnews.com/2008/05/headline-news-7.html RioFlexPay - Easy front-end interface for Amazon FPS - Coming Soon! McAfee Uncovers Web Site For Stolen Bank Accounts Rocky Mountain News: Frontier filing surprised First Data CEO AP: EBay's PayPal rule in Australia draws fire New Celent Report: Mobile Banking Services in Western Europe Dallas Morning News: Amazon shoppers may have to pay sales tax soon [in Texas] AntiPhishing Working Group Calls for Papers for eCrime 2008 Internet Security Research Conference CNNMoney: Barely surviving on credit cards Online Resources Announces Two Key Internet Banking Wins New IdTechEx Report: NFC-Enabled Phones and Contactless Smart Cards 2008-2018 Sydney Morning Herald: RBA...

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 Fri, 09 May 2008 05:21:31 -0700 http://www.paymentsnews.com/2008/05/headline-news-7.html New Jobs on PaymentsJobs.com http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286527277/new-jobs-listed.html http://www.paymentsnews.com/2008/05/new-jobs-listed.html New jobs have recently been listed on PaymentsJobs.com: Director, Chargebacks & Dispute Policy at American Express in Phoenix Payments Attorney at a Stealth Mobile Startup on the mid-Peninsula in the San Francisco Bay Area. Are you actively recruiting payments professionals? Post your job openings on PaymentsJobs.com! PaymentsJobs.com:

Are you actively recruiting payments professionals? Post your job openings on PaymentsJobs.com!

]]> Payments Jobs Payments News Editor Thu, 08 May 2008 20:04:39 -0700 http://www.paymentsnews.com/2008/05/new-jobs-listed.html First Annapolis Navigator - April Issue http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286533473/first-annapolis.html http://www.paymentsnews.com/2008/05/first-annapolis.html The April 2008 edition of the First Annapolis Navigator is now available. This month's feature article is "Cross-Selling Commercial Cards." Other articles include: "Soft Economy Delivers Hard Hit to Retail Sector", "Mid-Size Internet Retailers Payment Acceptance Methods", "Marketplace Feature: Stock Market Performance", "Q1 2008 Credit Card Issuer Scorecard", and "Market Scan of European Bank - Issued Prepaid Cards." First Annapolis Navigator is now available. This month's feature article is "Cross-Selling Commercial Cards." Other articles include: "Soft Economy Delivers Hard Hit to Retail Sector", "Mid-Size Internet Retailers Payment Acceptance Methods", "Marketplace Feature: Stock Market Performance", "Q1 2008 Credit Card Issuer Scorecard", and "Market Scan of European Bank - Issued Prepaid Cards."

]]> First Annapolis Payments News Editor Thu, 08 May 2008 18:17:08 -0700 http://www.paymentsnews.com/2008/05/first-annapolis.html JPMorgan Selected by US Dept. of Commerce for Charge Cards http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286083853/jpmorgan-select.html http://www.paymentsnews.com/2008/05/jpmorgan-select.html The U.S. Department of the Commerce (DOC) has selected JPMorgan as its provider for charge card services. The order is part of the U.S. General Services Administration’s (GSA) SmartPay 2 program, the largest government charge card program in the world.

]]> Chase Card Services Commercial Cards Government Payments MasterCard Payments News Editor Thu, 08 May 2008 06:39:42 -0700 http://www.paymentsnews.com/2008/05/jpmorgan-select.html Discover Card Wins Brand Keys Customer Loyalty Award http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286056380/discover-card-w.html http://www.paymentsnews.com/2008/05/discover-card-w.html Discover Financial Services has announced that its Discover Card was ranked No. 1 in customer loyalty among leading credit card brands, according to the 2008 Brand Keys Customer Loyalty Engagement Index report. Brand Keys identifies the four most important drivers of brand loyalty in the credit card category as Rewards and Services; Fees and Flexibility; Ease and Speed of Interactions; and Protection and Precision. Discover Card has won the credit card category in the index 11 years in a row. announced that its Discover Card was ranked No. 1 in customer loyalty among leading credit card brands, according to the 2008 Brand Keys Customer Loyalty Engagement Index report. Brand Keys identifies the four most important drivers of brand loyalty in the credit card category as Rewards and Services; Fees and Flexibility; Ease and Speed of Interactions; and Protection and Precision. Discover Card has won the credit card category in the index 11 years in a row.

]]> Card Issuers Card Reward Programs Credit Cards Discover Payments News Editor Thu, 08 May 2008 05:44:57 -0700 http://www.paymentsnews.com/2008/05/discover-card-w.html AuctionBytes Interviews Scott Thompson, PayPal CEO http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286049431/auctionbytes-in.html http://www.paymentsnews.com/2008/05/auctionbytes-in.html Ina Steiner of AuctionBytes.com writes about her interview with Scott Thompson, PayPal CEO. A podcast of the interview is available. She writes: 'Thompson talked about the competitive landscape in online payments and PayPal's focus in the next 12 - 24 months. He also shares his thoughts on eBay's Safe Payments policy, including what the PayPal-only policy on eBay Australia means for the rest of the world.' her interview with Scott Thompson, PayPal CEO. A podcast of the interview is available. She writes: 'Thompson talked about the competitive landscape in online payments and PayPal's focus in the next 12 - 24 months. He also shares his thoughts on eBay's Safe Payments policy, including what the PayPal-only policy on eBay Australia means for the rest of the world.'

]]> ECommerce Payments PayPal Payments News Editor Thu, 08 May 2008 05:31:22 -0700 http://www.paymentsnews.com/2008/05/auctionbytes-in.html UK Banks Boosting Monthly Fees on Accounts http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286046928/uk-banks-boosti.html http://www.paymentsnews.com/2008/05/uk-banks-boosti.html James Charles reports for Times Online (UK) that several of the largest UK banks are increasing monthly fees on current accounts by up to 20 percent in advance of a ruling by the Office of Fair Trading (OFT) capping overdraft fees. increasing monthly fees on current accounts by up to 20 percent in advance of a ruling by the Office of Fair Trading (OFT) capping overdraft fees.

]]> Checking Accounts Overdraft Fees UK Payments News Editor Thu, 08 May 2008 05:26:52 -0700 http://www.paymentsnews.com/2008/05/uk-banks-boosti.html Headline News - May 8, 2008 http://feeds.paymentsnews.com/~r/PaymentsNews/~3/286043151/headline-news-6.html http://www.paymentsnews.com/2008/05/headline-news-6.html Times of India: Now, it's time for mobile banking Washington Post: Mobile Ads: Useful or Annoying? SVPCO: Check Image Volume Grew Strongly In April Seeking Alpha: CompuCredit Q1 2008 Earnings Call Transcript GE To Stop Providing Consumer Loans For RVs, Most Boats Boston Globe: Feedback, even if it hurts (Bank of America's online community) Hypercom officials blame first-quarter loss on business model transition Capital One Named One of the Best Adoption-Friendly Workplaces in America 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...

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 Thu, 08 May 2008 05:17:17 -0700 http://www.paymentsnews.com/2008/05/headline-news-6.html Don't Play the Credit Card Game http://feeds.paymentsnews.com/~r/PaymentsNews/~3/285838386/dont-play-the-c.html http://www.paymentsnews.com/2008/05/dont-play-the-c.html In her Thursday column titled 'Your Losing Hand', Michele Singletary reports for the Washington Post on last week's proposed rule changes by the US financial regulators re: credit cards. She writes: 'Although regulators are proposing to eliminate some of the more unsavory practices of the industry, many cardholders -- regardless of class, education or income -- can only win by not playing the credit card game.'