Insurance over lap - payments

A new law in Massachusetts requires drug companies to disclose any payments made to physicians. WSJ's Scott Hensley interviews James Greenwood, head of the Biotechnology Industry Organization about the recent legislation and more. (Aug. 12)

MasterCard Survey Shows Consumers Worldwide See Dawn of Cashless Society AheadMasterCard Worldwide today announced the issuance of the 20 millionth MasterCard PayPass device globally. PayPass is now accepted at more than 80,000 merchants in 20 countries. This latest milestone is consistent with the results of a Global Cash Usage Survey conducted in 2007 by KRC Research and commissioned by MasterCard Worldwide, designed to gauge global attitudes towards the use of cash versus alternate payment methods as well as to determine consumer interest in using new technologies, such as contactless payment technology.The MasterCard global survey conducted in 13 countries showed that a growing majority of consumers worldwide believe that one day there will be a cashless society globally consumers agree that they do not like to carry large amounts of cash and their behaviors, such as unwillingness to wait in line for more than ten minutes for small purchases, are driving growth in cashless payments.

Episode 17 of BanktasticTV's "The Burst."

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http://www.globalchange.com Banks will become phone companies and telecom companies will become banks. Mobile payment systems, micropayments, mobile phone credit card transactions and loans. Economic impact of remittances from foreign workers using SMS credit to avoid foreign exchange transaction costs. How biometrics fingerprint technology will allow large mobile phone payments. Commissions and interest charges on loans. Impact of revenues from American Express, Visa, Delta, Access, Mastercard moving to mobile phone transactions. Conference keynote speaker and Futurist Dr Patrick Dixon.

Despite all the attention focused on the government bailout of Wall Street firms, a 2008 study, sponsored by Freddie Mac - shows that nearly 60 percent of homeowners are still unaware of the options available to them if they have trouble making their mortgage payments. In the current housing crisis many Americans owe more than their homes are worth and think foreclosure is their only way out. Experts in this story provide advice on other options that are less extreme and could even help keep people their homes. More information can be found at www.homesafePMI.com

Mobile one-click payment service startup wins 'Judge's Choice' award If you missed the Under the Radar conference Wednesday, here's the winner of the "Judge's Choice" award. I didn't get to interview the CEO Andy Kleitsch. But you can get the gist of the company by watching his pitch. Essentially, Billing Revolution allows people to use their mobile phones to make payments. The Seattle, Wash.-based startup charges 3.5% plus 50 cents for a transaction fee, making this service ostensibly better for high-priced items.

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