This list was compiled by Glenbrooks Payments News. Clicking on any of the links will redirect you to Payments News website.- First Quarter 2008 Financial Results
- Visa Inc. reported its first ever quarterly financial report as a public company. Visa also announced its first corporate responsiblity program in partnership with the Clinton Global Initiative. (See more Visa news.)
- MasterCard Worldwide reported financial results for the first quarter noting that gross dollar volume grew 14.1% (See more MasterCard news.)
- TSYS reported first quarter financial results and held its first-ever annual shareholder meeting since it became in independent public company. (See more TSYS news.)
- 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 more Chase Card Services news.)
- China News
- CyberSource announced an ecommerce partnership with PayEase in China. (See more CyberSource and China news.)
- Contactless Payments News
- The upcoming CTST 2008 conference being held in Orlando May 12-15 will focus on NFC contactless payments. (See more contactless, NFC and mobile payments news.)
- MasterCard announced that it was increasing its no-signature required threshold on PayPass contactless payments in Canada to $50. (See more Canada, contactless and MasterCard news.)
- Global Payments announced it was supporting MasterCard PayPass contactless acceptance at Pioneer Petroleums in Canada. (See more Canada, contactless, Global Payments and MasterCard news.)
- Debit Card News
- APACS reported that debit card usage growth in the UK continued with spending increasing 11% in 2007. (See more APACS, Debit Card and UK-related news.)
- Capital One has shut down the two merchant pilots of its decoupled debit card product announced a year ago. (See more Debit Card and Decoupled Debit Card news.)
- Celent has published a new report titled Disruption in the Payments World that forecasts more credit card issuers diversifying into decoupled debit card products. (See more Debit Card and Decoupled Debit Card news.)
- Pulse issued its annual update to its US Debit Issuer Study. (See more Debit Card news.)
- Phoenix Payments announced the results of its 2007 Consumer Payments Preferences and Usage Study: Debit Card Opportunities and Challenges<. (See more Debit Card news.)
- Interchange Fee News
- The Federal Reserve Bank of Kansas City's Payment Systems Research group published a new paper titled "Developments in Interchange Fees in the United States and Abroad".
- The press continued to report about merchant frustrations with interchange fees and efforts in Congress to have them reduced. (See more Interchange Fee news.)
- Legal and Regulatory News
- Amazon.com sued New York State over its new law that forces online retailers to collect sales tax on shipments to state residents.
- Senator Chris Dodd introduced legislation in the US Senate to improve credit card billing, marketing, and disclosure practices.
- The Federal Reserve Board, the Office of Thrift Supervision and the National Credit Union Administration proposed new rules to protect consumers from various credit card issuer practices. The rules also address bank fees on overdrafts on checking accounts. The American Bankers Association doesn't like them. Consumer groups and others generally approved of them. The New York Times, in an editorial today, called them a modest step forward. The Fed has opened a 75-day comment period for reactions to the proposed rules and we provided a how to comment guide.
- MasterCard News
- MasterCard enhanced its business card Easy Savings Program with fuel and maintenance discounts. (See more MasterCard news.)
- MasterCard launched a new online domestic-focused travel platform where cardholders planning their next vacation getaway can find travel offers. (See more MasterCard news.)
- Mobile Payments News
- PayPal provided more information about its work with Sprint Nextel to provide a mobile payments application. (See more PayPal Mobile and Mobile Payments news.)
- Obopay announced Gregory Holmes as its new President, US. (See more Obopay and Mobile Payments news.)
- BayPay, a group of payments professionals in the San Francisco Bay Area, held its latest meeting focusing on "From Mobile Banking to Mobile Payments."
- Online Banking News
- Washington Mutual announced a new paperless checking account opening process that doesn't even require a signature card (it uses the signature on the first check for the signature card). (See more online banking and Washington Mutual news.)
- PCI Compliance News
- David Navetta, a lawyer with InfoSecCompliance, published an article titled "The Legal Implications of the PCI Data Security Standard". (See more PCI Compliance news.)
- Hannaford, a PCI compliant supermarket chain that is one of the most recent victims of a card data breach, said it is spending millions to prevent future data thefts.
