The Federal Open Market Committee announced today that it has decided to maintain its target for the federal funds rate at 2%.
The Aegenis Group today introduced the Society of Payment Security Professionals, which is dedicated to professional development of executives and organizations responsible for security in the payments industry.
JPMorgan Chase & Co. has hired Eduardo Vergara as global commercial card executive.
Publicly owned debt buyer Portfolio Recovery Associates, which buys delinquent Visa, MasterCard and private-label credit cards, is acquiring MuniServices in a deal worth $24.6 million in cash and stock.
EZCheck, a payment-services company, has released its EZDeposit-Remote Deposit Capture service that enables companies to deposit checks remotely using a check scanner and Web-based software.
The House Committee on Financial Services is scheduled to vote today on a bill that would prohibit the Department of the Treasury and Federal Reserve Board from setting proposed rules to enforce the Unlawful Internet Gambling Enforcement Act. The American Bankers Association said earlier the proposed rules would require credit card issuers to adopt burdensome procedures to block illegal Internet payments.