Payments News: Comments http://www.paymentsnews.com/ Tracking the world of electronic payments...from Glenbrook Partners en-US editor@paymentsnews.com Copyright 2009 Fri, 06 Nov 2009 17:59:19 -0800 hourly 1 2000-01-01T12:00+00:00 Subscribe with My Yahoo!Subscribe with NewsGatorSubscribe with My AOLSubscribe with BloglinesSubscribe with NetvibesSubscribe with GoogleSubscribe with PageflakesSubscribe with PlusmoSubscribe with The Free DictionarySubscribe with Bitty BrowserSubscribe with NewsAlloySubscribe with Live.comSubscribe with Excite MIXSubscribe with Yourminis.comSubscribe with Attensa for OutlookSubscribe with WebwagSubscribe with netomat HubSubscribe with Podcast ReadySubscribe with FlurrySubscribe with WikioSubscribe with Daily Rotation Firms Help Pilot Open Identity for Open Government in US http://feedproxy.google.com/~r/PaymentsNewsComments/~3/Nb1BLcCe4SI/firms-help-pilot-open-identity-for-open-government.html This is fantastic. Here’s to open government and the open web! I believe OpenID will continue to be the most convenient and trustworthy open identity standard on the Web. Open standards create a better Internet for everyone, and the U.S. governments adoption of OpenID is a huge endorsement of OpenID and a big step forward for open standards. 6a00d8341bfc2453ef0120a6b287cb970c@http://www.paymentsnews.com/ SEO:

This is fantastic. Here’s to open government and the open web! I believe OpenID will continue to be the most convenient and trustworthy open identity standard on the Web. Open standards create a better Internet for everyone, and the U.S. government's adoption of OpenID is a huge endorsement of OpenID and a big step forward for open standards.

]]> Fri, 06 Nov 2009 11:31:33 -0800 http://www.paymentsnews.com/2009/09/firms-help-pilot-open-identity-for-open-government.html#c6a00d8341bfc2453ef0120a6b287cb970c Citi to Raise Credit Card Interest Rates http://feedproxy.google.com/~r/PaymentsNewsComments/~3/eSYrWY2-fHs/citi-to-raise-c.html To make sure a bill doesnt get past me I do my CC payments on line. You can go into the account and have it send you an automated email to remind you X number of days prior to the due date. This way I make sure I dont pay late. Cause you know if you pay late they will raise your interest rate and it will get reported to the credit bureaus as well. 6a00d8341bfc2453ef0120a6547897970b@http://www.paymentsnews.com/ To make sure a bill doesn't get past me I do my CC payments on line. You can go into the account and have it send you an automated email to remind you X number of days prior to the due date. This way I make sure I don't pay late. Cause you know if you pay late they will raise your interest rate and it will get reported to the credit bureaus as well.

]]> Wed, 04 Nov 2009 16:00:43 -0800 http://www.paymentsnews.com/2008/11/citi-to-raise-c.html#c6a00d8341bfc2453ef0120a6547897970b The Rage at Overdraft Fees http://feedproxy.google.com/~r/PaymentsNewsComments/~3/Z2BGMSxKkhQ/the-rage-at-overdraft-fees.html Why are banks legally allowed to rob us? It is very hard now for the most responsible of us citizens that are suffering through these tough economic times now to balance our check books! To charge us $36 for a $5 or less overdraft is dispicable! Why is this not usery? In my state (GEORGIA)the check avance companies were shut down, on grounds of usery? What is the difference in them and what the banks are doing? I will tell you. They are actually less expensive and the only ones that ever complained were the banks because they were not making the same big numbers monthly from the same ones that use to overdraw their accounts because a check slid in just under the wire before their direct deposit hit. Also, the people that were not economically educated. Meaning no ones said to run every week to the check cashing companies and continuosly roll over the advance! Now that they are gone in GA. there are few options. Unemployment is over 10%....so now what. Need gas? Need food? Need medicine? Writing a check should really be thought out very carefully!! 6a00d8341bfc2453ef0120a6a27137970c@http://www.paymentsnews.com/ Why are banks legally allowed to rob us? It is very hard now for the most responsible of us citizens that are suffering through these tough economic times now to balance our check books! To charge us $36 for a $5 or less overdraft is dispicable! Why is this not usery? In my state (GEORGIA)the check avance companies were shut down, on grounds of usery? What is the difference in them and what the banks are doing? I will tell you. They are actually less expensive and the only ones that ever complained were the banks because they were not making the same big numbers monthly from the same ones that use to overdraw their accounts because a check slid in just under the wire before their direct deposit hit. Also, the people that were not economically educated. Meaning no ones said to run every week to the check cashing companies and continuosly roll over the advance! Now that they are gone in GA. there are few options. Unemployment is over 10%....so now what. Need gas? Need food? Need medicine? Writing a check should really be thought out very carefully!!

]]> Mon, 02 Nov 2009 18:44:25 -0800 http://www.paymentsnews.com/2009/09/the-rage-at-overdraft-fees.html#c6a00d8341bfc2453ef0120a6a27137970c Shell Launches Saver Card Based on Electronic Check http://feedproxy.google.com/~r/PaymentsNewsComments/~3/BcBnHI5rJpY/shell-launches.html What is a Loyalty card number? 6a00d8341bfc2453ef0120a69f0094970c@http://www.paymentsnews.com/ What is a "Loyalty card number"?

]]> Sun, 01 Nov 2009 22:33:19 -0800 http://www.paymentsnews.com/2009/01/shell-launches.html#c6a00d8341bfc2453ef0120a69f0094970c Amazon Payments Introduces PayPhrase Payment Shortcut Option http://feedproxy.google.com/~r/PaymentsNewsComments/~3/ITkhoOAhxcc/amazon-payments-introduces-payphrase-payment-shortcut-option.html uumh? Sorry, I do not get it. I went and enrolled and see that I need to not only labor to pick this phrase, which I am likely to forget, but pick yet another password, which I am also likely to forget. Why is this of any value in addition to 1-Click? 6a00d8341bfc2453ef0120a6434410970b@http://www.paymentsnews.com/ Steve Klebe:

uumh? Sorry, I do not get it. I went and enrolled and see that I need to not only labor to pick this phrase, which I am likely to forget, but pick yet another password, which I am also likely to forget. Why is this of any value in addition to 1-Click?

]]> Fri, 30 Oct 2009 21:58:25 -0700 http://www.paymentsnews.com/2009/10/amazon-payments-introduces-payphrase-payment-shortcut-option.html#c6a00d8341bfc2453ef0120a6434410970b A Look at Amazon's PayPhrase http://feedproxy.google.com/~r/PaymentsNewsComments/~3/ax7PDXZk_jk/a-look-at-amazons-payphrase.html Amazon PayPhrase is reminiscent of a 1998 technology introduced by ZIXIT Corporation. Im looking forward to widespread adoption of this payment model, as it offers security, speed and convenience. Filling out checkout forms is outmoded, outdated and monotonous. 6a00d8341bfc2453ef0120a63d3398970b@http://www.paymentsnews.com/ BruceShirey:

Amazon PayPhrase is reminiscent of a 1998 technology introduced by ZIXIT Corporation. I'm looking forward to widespread adoption of this payment model, as it offers security, speed and convenience. Filling out checkout forms is outmoded, outdated and monotonous.

]]> Fri, 30 Oct 2009 05:44:10 -0700 http://www.paymentsnews.com/2009/10/a-look-at-amazons-payphrase.html#c6a00d8341bfc2453ef0120a63d3398970b A Look at Social Security Number Usage and Protection http://feedproxy.google.com/~r/PaymentsNewsComments/~3/REINDm73maY/a-look-at-socia.html How do you check a person who can vote for two countries? If we dont have right to check public record for voter registration or dual intention person for office integrity then how do we know he or she transfer big money to other countries from government resource and government sign for peoples budget ? And escape usa taxpayer status Thanks, 6a00d8341bfc2453ef0120a628a261970b@http://www.paymentsnews.com/ How do you check a person who can vote for two countries?
If we don't have right to check public record for voter registration or dual intention person for office integrity then how do we know he or she transfer big money to other countries from government resource and government sign for people's budget ? And escape usa taxpayer status

Thanks,

]]> Wed, 28 Oct 2009 07:44:22 -0700 http://www.paymentsnews.com/2007/07/a-look-at-socia.html#c6a00d8341bfc2453ef0120a628a261970b John Partridge Named President of Visa Inc. http://feedproxy.google.com/~r/PaymentsNewsComments/~3/ujB7wIz5qD0/john-partridge-named-president-of-visa-inc.html Every once in awhile the good guys win. 6a00d8341bfc2453ef0120a614c4b8970b@http://www.paymentsnews.com/ Every once in awhile the good guys win.

]]> Thu, 22 Oct 2009 13:09:24 -0700 http://www.paymentsnews.com/2009/10/john-partridge-named-president-of-visa-inc.html#c6a00d8341bfc2453ef0120a614c4b8970b Citi to Raise Credit Card Interest Rates http://feedproxy.google.com/~r/PaymentsNewsComments/~3/ZpsaX-nzyoo/citi-to-raise-c.html As with most people on this list. I have received the crappy letter saying my interest has risen to 29.99%. The only phrase the comes to mind is thief. My credit report hasnt done anything but get better in the past 6 months. Mainly due to my wife and I paying things off. In my opinion this is just another way for large banks to screw the American public and get away with it. 6a00d8341bfc2453ef0120a65df4e1970c@http://www.paymentsnews.com/ As with most people on this list. I have received the crappy letter saying my interest has risen to 29.99%. The only phrase the comes to mind is "thief." My credit report hasn't done anything but get better in the past 6 months. Mainly due to my wife and I paying things off. In my opinion this is just another way for large banks to screw the American public and get away with it.

]]> Tue, 20 Oct 2009 12:20:15 -0700 http://www.paymentsnews.com/2008/11/citi-to-raise-c.html#c6a00d8341bfc2453ef0120a65df4e1970c First Data, Yahoo! Partner for SME Business Payments http://feedproxy.google.com/~r/PaymentsNewsComments/~3/crpmZduRjgU/first-data-yahoo-partner-for-sme-business-payments.html This reminds me of the British Telecom link with Yahoo to provide content. It may do some business, but is it really the right strategic move considering the turmoil at Yahoo? 6a00d8341bfc2453ef0120a600fa44970b@http://www.paymentsnews.com/ Simon:

This reminds me of the British Telecom link with Yahoo to provide content. It may do some business, but is it really the right strategic move considering the turmoil at Yahoo?

]]> Tue, 20 Oct 2009 06:05:09 -0700 http://www.paymentsnews.com/2009/10/first-data-yahoo-partner-for-sme-business-payments.html#c6a00d8341bfc2453ef0120a600fa44970b Prepaid Cards Cheaper than Low Balance Checking/Debit Accounts http://feedproxy.google.com/~r/PaymentsNewsComments/~3/gEDlzwFmIc8/prepaid-cards-are-cheaper-than-low-balance-checkingdebit-accounts.html Its clearly a pro-prepaid bias piece. Prepaid cards have their uses as Store Cards, Loyalty, Rewards or for Insurance. Essentially anything where you need to have a very close control over money with a 3rd party involved. What makes no sense is why no institution in the USA has made it quick, and simple for citizens to get access to their own current account. Pre-Paid cards are a layer of abstraction between the account holder and the purchase. We should be reducing those layers, not adding to them. 6a00d8341bfc2453ef0120a657a21b970c@http://www.paymentsnews.com/ Simon:

It's clearly a pro-prepaid bias piece. Prepaid cards have their uses as Store Cards, Loyalty, Rewards or for Insurance. Essentially anything where you need to have a very close control over money with a 3rd party involved.

What makes no sense is why no institution in the USA has made it quick, and simple for citizens to get access to their own current account.

Pre-Paid cards are a layer of abstraction between the account holder and the purchase. We should be reducing those layers, not adding to them.

]]> Tue, 20 Oct 2009 01:08:22 -0700 http://www.paymentsnews.com/2009/10/prepaid-cards-are-cheaper-than-low-balance-checkingdebit-accounts.html#c6a00d8341bfc2453ef0120a657a21b970c Chase Shutters WaMu's Secured Credit Card Program http://feedproxy.google.com/~r/PaymentsNewsComments/~3/8U_EIpI3MAc/chase-shutters.html Well I dont like that news. I have bad credit, so if I want to get a credit card that secured card is an easy way for me to get one....now that makes one more big bank that doesnt have that product anymore. I already had issues with my checking account and had to get a Second Chance Checking account 6a00d8341bfc2453ef0120a6578ee0970c@http://www.paymentsnews.com/ Well I don't like that news. I have bad credit, so if I want to get a credit card that secured card is an easy way for me to get one....now that makes one more big bank that doesn't have that product anymore. I already had issues with my checking account and had to get a Second Chance Checking account

]]> Tue, 20 Oct 2009 00:06:22 -0700 http://www.paymentsnews.com/2009/01/chase-shutters.html#c6a00d8341bfc2453ef0120a6578ee0970c Citi Introduces Extra Cash - New Rewards Program http://feedproxy.google.com/~r/PaymentsNewsComments/~3/jBHNhQ1oIKQ/citi-introduces.html go to extracash.citi.com (you should be able to find a link from the citicards website) and set up an account with them. Once you are signed in to their website, you will be able to browse through many offers shown with discounts applied. 6a00d8341bfc2453ef0120a6003ce2970b@http://www.paymentsnews.com/ RyRy:

go to extracash.citi.com (you should be able to find a link from the citicards website) and set up an account with them. Once you are signed in to their website, you will be able to browse through many offers shown with discounts applied.

]]> Mon, 19 Oct 2009 21:38:32 -0700 http://www.paymentsnews.com/2008/05/citi-introduces.html#c6a00d8341bfc2453ef0120a6003ce2970b Prepaid Cards Cheaper than Low Balance Checking/Debit Accounts http://feedproxy.google.com/~r/PaymentsNewsComments/~3/H7W9rQFWVZ0/prepaid-cards-are-cheaper-than-low-balance-checkingdebit-accounts.html There are a number of serious problems with that report. He presumes an extremely large number of overdrafts per month. Numbers much higher than the numbers in the FDIC study he references. The banks accounts he uses for comparison have particularly obnoxious high fees. It appears this study was intended to be used as a marketing tool rather than as a serious study of the trade offs. There are certainly cases where the unbanked are well served by cards like this, but his analysis is too flawed to know when thats the case. 6a00d8341bfc2453ef0120a5f8dbfe970b@http://www.paymentsnews.com/ Ben Hyde:

There are a number of serious problems with that report.

He presumes an extremely large number of overdrafts per month. Numbers much higher than the numbers in the FDIC study he references.

The banks accounts he uses for comparison have particularly obnoxious high fees.

It appears this study was intended to be used as a marketing tool rather than as a serious study of the trade offs. There are certainly cases where the unbanked are well served by cards like this, but his analysis is too flawed to know when that's the case.

]]> Mon, 19 Oct 2009 15:27:16 -0700 http://www.paymentsnews.com/2009/10/prepaid-cards-are-cheaper-than-low-balance-checkingdebit-accounts.html#c6a00d8341bfc2453ef0120a5f8dbfe970b eBillme Introduces Cash Back Rewards http://feedproxy.google.com/~r/PaymentsNewsComments/~3/T5KfYRzStTM/ebillme-introduces-cash-back-rewards.html eBillme has other revenue streems so it puts back the 1% to the consumer to redeem at any one of the merchant websites at www.shopdebtfree.com. A one-stop-shop for consumers to read reviews and deal of the day 6a00d8341bfc2453ef0120a5edee62970b@http://www.paymentsnews.com/ eBillme:

eBillme has other revenue streems so it puts back the 1% to the consumer to redeem at any one of the merchant websites at www.shopdebtfree.com. A one-stop-shop for consumers to read reviews and deal of the day

]]> Fri, 16 Oct 2009 12:51:15 -0700 http://www.paymentsnews.com/2009/07/ebillme-introduces-cash-back-rewards.html#c6a00d8341bfc2453ef0120a5edee62970b MasterCard Introduces Online Money Manager http://feedproxy.google.com/~r/PaymentsNewsComments/~3/rS0zsQD3B5U/mastercard-introduces-online-money-manager.html Any individual can do the same thing using Quicken on line- and its free!. Quicken on line can track debit card and every other kind of purchase activity, depending on the users choice. 6a00d8341bfc2453ef0120a643ac17970c@http://www.paymentsnews.com/ Any individual can do the same thing using Quicken on line- and it's free!. Quicken on line can track debit card and every other kind of purchase activity, depending on the users choice.

]]> Fri, 16 Oct 2009 05:12:31 -0700 http://www.paymentsnews.com/2009/10/mastercard-introduces-online-money-manager.html#c6a00d8341bfc2453ef0120a643ac17970c How to Find a Credit Card Processing Merchant Account http://feedproxy.google.com/~r/PaymentsNewsComments/~3/f_7WefgOLXs/how-to-find-a-credit-card-processing-merchant-account.html Hello, As a long-time merchant services rep, I have built a mutually rewarding relationship with my merchants by educating them on the industry. In 2005, I was diagnosed with neck cancer and am no longer active in the field. Since then, I have developed a few educational websites that help merchants to understand the industry better for their benefit. I believe my sites would be advantageous to your readers. Please contact me with any questions that you may have. 6a00d8341bfc2453ef0120a5ebaa5b970b@http://www.paymentsnews.com/ Michel Saum:

Hello,
As a long-time merchant services rep, I have built a mutually rewarding relationship with my merchants by educating them on the industry. In 2005, I was diagnosed with neck cancer and am no longer active in the field. Since then, I have developed a few educational websites that help merchants to understand the industry better for their benefit. I believe my sites would be advantageous to your readers. Please contact me with any questions that you may have.

]]> Thu, 15 Oct 2009 18:51:58 -0700 http://www.paymentsnews.com/2009/09/how-to-find-a-credit-card-processing-merchant-account.html#c6a00d8341bfc2453ef0120a5ebaa5b970b PayPal, Green Dot Partner for Cash Loading to PayPal Accounts http://feedproxy.google.com/~r/PaymentsNewsComments/~3/A04e2fllJRY/paypal-green-dot-partner-for-cash-loading-to-paypal-accounts.html Is there any attempt to identify the POS purchaser when loading their PayPal wallet? Is KYC a concern here? 6a00d8341bfc2453ef0120a62b8512970c@http://www.paymentsnews.com/ Albert Drouart:

Is there any attempt to identify the POS purchaser when loading their PayPal wallet? Is KYC a concern here?

]]> Fri, 09 Oct 2009 21:36:27 -0700 http://www.paymentsnews.com/2009/10/paypal-green-dot-partner-for-cash-loading-to-paypal-accounts.html#c6a00d8341bfc2453ef0120a62b8512970c First Data, PayPal Enable STAR Debit Cards for PayPal Funding http://feedproxy.google.com/~r/PaymentsNewsComments/~3/OwXGlt_8zyQ/first-data-paypal-enable-star-debit-cards-for-paypal-funding.html Too bad I will not be able to take advantage since Wells Fargo only participates in STAR ATM, not POS. Devil is in the details! 6a00d8341bfc2453ef0120a5d32037970b@http://www.paymentsnews.com/ Steve Klebe:

Too bad I will not be able to take advantage since Wells Fargo only participates in STAR ATM, not POS. Devil is in the details!

]]> Fri, 09 Oct 2009 09:32:57 -0700 http://www.paymentsnews.com/2009/10/first-data-paypal-enable-star-debit-cards-for-paypal-funding.html#c6a00d8341bfc2453ef0120a5d32037970b US Travelers Find Their Card Cards Sometimes Don't Work Overseas http://feedproxy.google.com/~r/PaymentsNewsComments/~3/iHOt7l2FvUI/us-travelers-find-their-card-cards-sometimes-dont-work-overseas.html Perhaps frequent American travellers can keep a spare EMV card as some Americans did for their passports in older days - one for Israel visits and the other for visits to Middle East. Why should the US issuers fall behind the Europeans? There is no good reason 6a00d8341bfc2453ef0120a5bda713970b@http://www.paymentsnews.com/ P K Sengupta:

Perhaps frequent American travellers can keep a 'spare' EMV card as some Americans did for their passports in older days - one for Israel visits and the other for visits to Middle East.

Why should the US issuers fall behind the Europeans? There is no good reason

]]> Mon, 05 Oct 2009 03:22:44 -0700 http://www.paymentsnews.com/2009/10/us-travelers-find-their-card-cards-sometimes-dont-work-overseas.html#c6a00d8341bfc2453ef0120a5bda713970b