News Aggregation – Union Bank Acquires Payment firm, NRF latest Appeal, Prepaid Cards, Payment News

News Aggregation – Important news from other sources apart from LTP. So you don’t have to put in effort to search elsewhere, just read on Let’s Talk Payments without missing anything good.

1. Prnewswire - Union First Market Bank shares Makes Investment in The Payments Company

Union First Market Bankshares Corporation ('Union') today announced that it has made an investment in The Payments Company ('TPC'), a privately held Richmond-based company that enables businesses to pay vendors electronically using its proprietary cloud based software and vendor network.

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2.Csnews - National Retail Federation Files Latest Appeal of Swipe-Fee Ruling

It's official: Retailers are not ready to give up the fight over credit card swipe fees. NRF (formerly The National Retail Federation) is appealing the settlement in a 2005 class-action lawsuit concerning swipe fees, which are also referred to as interchange fees. In a motion filed Thursday, the group of retailers is asking the 2nd U.S. Circuit Court of Appeals to overturn a lower court's ruling.

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3. Sacbee - Auto Dealers Can Drive Sales, Test Drives with Prepaid Cards, Rebates

With a new year's worth of cars and trucks rolling out at dealerships across the country, and sales to be made, fresh shopper research from parago shows that auto dealers aren't delivering the incentives consumers really want. Money 'off the hood' is passe, and instead car shoppers report that they are more incentivized by promotions that deliver actual cash back – even if the total cost of the car is higher.

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4. Moneytalksnews - Review: PayPal Prepaid MasterCard by NetSpend

The PayPal Prepaid MasterCard issued by NetSpend is a prepaid debit card that offers some nifty benefits for frequent users of PayPal.Advantages - Free direct deposit. Cardholders get free direct deposits so that paychecks and government benefits can be deposited directly without any fees. Transfer money instantly between your PayPal account and debit card. Get mobile account alerts. Cardholders can get mobile alerts on their cell phone via text message or mobile app

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5. Washingtonpost - What caused the financial crisis? The Big Lie goes viral.

I have a fairly simple approach to investing: Start with data and objective evidence to determine the dominant elements driving the market action right now. Figure out what objective reality is beneath all of the noise. Use that information to try to make intelligent investing decisions. But then, I’m an investor focused on preserving capital and managing risk. I’m not out to win the next election or drive the debate. For those who are, facts and data matter much less than a narrative that supports their interests.

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