86 percent of industry stakeholders believe NFC-based proximity payments will be adopted based on a ‘Collaboration Model’ between banks, mobile operators, merchants, handset manufacturers and other service providers, according to a report.

US regulators led by New York Attorney General Andrew Cuomo have reached a settlement with three more international banks which marketed financial products to US banks and are now accused of making the products in question look deceptively safe and more profitable than they really were.

Florida-based financial institution American Momentum Bank (AMB) is expanding its range of convenience-oriented products with the launch of two new banking services: Mobile Momentum and Check Collect.

Recent changes undergone by the unemployment benefits distribution system in the state of Missouri has given rise to worries regarding hidden costs which laid-off workers might incur due to the implementation of a new debit card scheme.

Online unmanaged business travel sales in US are expected to reach USD 162.4 billion, according to a study. Estimates indicate that in 2008, US travel sales booked online are to reach USD 105 billion, growing by 12 percent over 2007. For 2010 and 2011, US online travel sales are expected to climb to USD 128.9 billion (up by 11 percent) and USD 145 billion respectively (up by 12.5 percent).

Estimates indicate that the UK prepaid credit card market is to reach GBP 4.5 billion by 2010, in view of the credit crunch affecting this country.