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Wednesday, April 27, 2011
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Reuters is running a story about how Visa and MC are looking to further penetrate emerging countries. Makes sense, but it would make even more sense if one of them would step up to the plate and offer a "truly" secure way for consumers to make online purchases. Debit has overtaken credit, Brick and Mortar is reeling in the wake of the economy...yet eCommerce is still growing. PIN Debit is the most popular form of payment even though signature debit is being pushed. So put...
Commerce Commission and Visa reach agreement to settle credit card interchange fee proceedings Release no 16, Issued 12 August 2009The Commerce Commission has signed an agreement with the Visa International Service Association and Visa Worldwide Pte Limited (Visa) settling the Commission’s claims against Visa in relation to credit card interchange fees. The Commission’s proceedings allege that the rules of the Visa scheme providing for the payment of multilateral interchange fees, together with...
National Retail Federation Poll: Small Retailers Struggling To Understand PCI Nearly 86 percent are familiar with PCI, but nearly half can't demonstrate their compliance with the payment card standard Aug 11, 2009 | 03:46 PM By Kelly Jackson HigginsDarkReading First the good news: Most small retailers say they know about the Payment Card Industry's Data Security Standard (PCI DSS). But the bad news is they don't necessarily understand it, nor can many of them prove their compliance with it, a new...
Retail Payments Risk Forum Collaborates to Fight Payments Fraud The Atlanta Federal Reserve Bank’s anti-fraudcooperative is designed to bring together thought leaders in thepayments space to improve security. (from the Portals and Rails Blog) Portals and Rails, a blog sponsored by the Retail Payments Risk Forumof the Federal Reserve Bank of Atlanta, is intended to foster dialogueon emerging risks in retail payment systems and enhance collaborativeefforts to improve risk detection and...
VIEW THE DEMOWhitepapers:Understanding End to End Encryption Protecting Cardholder Data: The Elusive Goal Interactive:All-New Mini SiteRBS WorldPay to offer VeriFone's end-to-end encryption solution San Jose, Calif., Aug. 11, 2009--VeriFone Holdings, Inc. (NYSE: PAY) today announced that RBS WorldPay, the fastest growing top ten payment processor in the US, has agreed to work jointly and expeditiously towards marketing VeriFone's VeriShield Protect end-to-end solution for encrypting payment card...
First Data renews PNC processing agreement Denver, August 11, 2009--Global technology and payments processing leader First Data today announced that The PNC Financial Services Group (NYSE: PNC) has renewed and expanded its agreement for transaction processing services. Under the agreement, First Data will provide signature debit, PIN debit and ATM processing services, ATM terminal driving, credit card, small business and home equity loan processing, fraud and collections services, remittance processing,...
Ukash virtual cash extends to Poland with epay Poland, August 10, 2009--As Ukash, the online payment specialist, continues in its quest to make online shopping available to everybody, anywhere in the world, the company has signed a significant global deal with epay, a Division of Euronet Worldwide, Inc. – a leading provider of payment services and technology – to extend the availability of its e-cash vouchers to epay retailers across Poland.The Ukash partnership with epay enables Ukash to expand...
Report on the benefits of electronic B2B payments Boston, August 11, 2009--With current economic conditions forcing enterprises to focus on cost containment, top-performing organizations are driving efficiencies within the final phase of the accounts payable process to unveil a wealth of cost and time benefits, according to a new research study published by Aberdeen Group, a Harte-Hanks Company (NYSE: HHS).The E-Payables: Electronic Payments research report, which examined the strategies, intentions,...
CyberSource is holding a webinar entitled Payment Data: Don't Store It, Don't Handle It. It's the best way to remove yourself from the scope of PCI Compliance. Simply remove yourself from all contact with payment data. It the way HomeATM designed it's eCommerce platform. Our PCI 2.x Certified PIN Entry Device encrypts the data instantaneously, and simply utilizes the "internet" as the conduit with with to send the encrypted packet. Since the data is never...
CardTrak.comDuringa recession... shift happens. New research shows membership in creditcard rewards programs is decreasing significantly while debit cardrewards programs are gaining popularity. Also, most consumers are notwilling to pay a higher interest rate for rewards and those that do areonly willing to pay slightly more. The study by First Data CompetitiveIntelligence found that the number of cardholders holding a rewardscredit card declined from 71% in 2008 to 67% this year, while thenumber...
New Portable Smart Card Readers From SCM Microsystems Enhance Online Security SANTA ANA, Calif. and ISMANING, Germany, Aug. 11 /PRNewswire-FirstCall/ -- SCM Microsystems, Inc. (Nasdaq: SCMM;Prime Standard, SMY), a leading provider of...
Back to School with the Walking ATM Posted by: Alexandria Sage Parents — ever feel like a walking ATM? Want to teach your kids about responsible financial management (and get them to stop pestering you for their allowance every week in the bargain?) Check out PayPal’s new program for students, launching today, in which a sub-account for your child is linked to your own PayPal account. "Parents can transfer money to their kids’ accounts in “allowance mode”or “on-demand.” Requests for money from kids...
HomeATM isn't the only company telling you that Https = HttBS. Even Microsoft says so. And it's ALL browsers that are weak. That's why HomeATM and the PIN Payments Blog has spent such an inordinate amount of time trying to get across our point that no website is safe and that transactions MUST be done OUTSIDE the browser space. In what would provide the perfect segue for yet another dissertation on the "Don't Type" vs. "Swipe" mantra, I bring you this from Microsoft's research...
Financial Times:US banks stand to collect a record $38.5 billion in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported in 2000. The finding is likely to increase public hostility towards the financial sector, which has been under political pressure to ease the burden on consumers by increasing...
Law Hits Home as Cards Opt Out of Overlimit Fees - American BankerAmerican Banker | By Maria AspanAmerican Express Co. and Discover Financial Services are eliminating overlimit fees on consumer credit cards, in one of the first concrete examples of how a new law will restrict issuers' abilities to turn a profit.In so doing, they may lead the way for other issuers to give up on overlimit fees, a relatively small but useful source of fee income, observers said."Issuers should take overlimit fee...
Target going in-house for e-commerce Posted 10 August 2009 19:22pm by Patricio Robles with 2 comments Tweet thisTarget,the second-largest discount retailer in the United States, hasannounced that it will bring its e-commerce website, Target.com,in-house in time for the 2011 holiday season.Since 2001, Target.com has been run in partnership with Amazon.com. The e-commerce giant's platform powers the Target.com website and Amazon.com handles much of the call center and fulfillment...
EPX delivers tokenized end-to-end encryption Wilmington, Del., August 10, 2009--Today Electronic Payment Exchange (EPX) became the first payment processor to offer a true end-to-end solution that endorses and incorporates both tokenization and encryption for securing cardholder data from the card reader through the entire transaction lifecycle. Using encrypted card readers with EPX’s BuyerWall™ credit card data tokenization technology, EPX has virtually removed merchants’ point-of-sale systems and...
