On the Back Burner in Congress, Interchange Heats up in California
Proposed regulation of interchange is stalled in Congress, but California lawmakers are investigating the controversial revenue generator for credit and debit card issuers that merchants ultimately pay. It’s not clear yet, however, whether the...
Study: Of All Breaches, Those Caused by Hacking Are the Costliest
The cost of data breaches rose slightly last year, but breaches resulting from computer hacking incurred by far the highest losses, according to a new report from privacy and data-security research firm Ponemon Institute LLC....
3D Secure Online Payment System Not Secure, Researchers Say
PCWorld: A new paper published by researchers at the University of Cambridge sounds a warning about the Verified by Visa and MasterCard SecureCode programs
For Businesses That Accept Cards, Tips for Cutting Fees
Wall Street Journal For example, Visa allows merchants to discount cash, checks and PIN debit purchases, while MasterCard allows for discounts on any debit purchases
P2P Payments Grow, Primarily Online
Bank Technology News ... is reselling P2P services from Toronto-based CPNI, MasterCard announced its Mobile MoneySend service last May, provided using technology from Obopay.
Amazon.com Fourth Quarter Sales up 42% to $9.5 Billion
RedlineChina Ecommerce retailer Amazon's net sales increased 42% to $9.52 billion in the fourth quarter, compared with $6.70 billion in fourth quarter 2008. ...
Why Google can say no to China
Boston Globe But as a rebuke to notions of the Party as paternalistic provider, Google's exit will be felt by even those who rarely use the search engine.
NYCE Names Neil Marcous as President
NYCE has announced that Neil Marcous has been named President of NYCE Payments Network, LLC, and will lead FIS’ Payment Network Solutions business. Frank D’Angelo, executive vice president, FIS Payment Solutions Group, said “The nationwide NYCE Network is a critical component of our end-to-end, industry-leading payments strategy at FIS and continues to present tremendous growth opportunities for our organization. Neil’s extensive leadership experience and vast knowledge of the payments space will help us execute on our strategic vision for NYCE. I’m confident Neil and his team will continue to drive growth and market leadership for this key business line.”
SSL Assault Targets CIA, PayPal, Others
eSecurity Planet By eSecurityPlanet Staff The Shadowserver Foundation reports that the CIA, PayPal and hundreds of other organizations are being bombarded with unexplained
Meta's Payday Lender Deal Raises Capital and Eyebrows
American Banker | Feb 1 Meta Financial Group has secured $5.65 million worth of funding from a very nontraditional — and potentially controversial — source: Cash America International, a payday lender.
Does Shakeup at First Data Hint at IPO Plans?
First Data is reorganizing its international division as part of an effort to unite the company into a single global organization that can develop and deliver products faster.
Biz Break: Apple's iPad vs. Amazon's Kindle, the first skirmish
Today: Amazon's stock slides after a weekend fracas involving e-book prices. (Yes, there's an iPad effect at work.) Yahoo signs a deal with the AP. Exxon's yearly profit slides to a mere $19.3 billion. Read article »
Is PCI compliance attainable in a public cloud?
SearchCloudComputing.com PCI-DSS does, however, directly address shared hosting providers, and there has been guidance on Internet Service Providers (ISPs). ...
MOST PEOPLE REUSE BANKING PASSWORDS ON OTHER SITES - TRUSTEER
Around two thirds of Internet users are putting themselves at risk of fraud by using their online banking credentials on other sites, according to e-security vendor Trusteer. More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=21027
China Works to Toughen Hacking Laws
PC World China late last year released a tort law that touches on privacy issues and requires Internet service providers to take action when an individual is using ...
Anatomy of a Data Breach
Smartmoney.com ... identity theft where new accounts are opened fraudulently, but, as a consumer potentially at higher risk of credit-card fraud, I wanted to know more.
MoneyGram's CEO, Pamela Patsley, describes the tough times it has had recently ...
Mobile-Financial.com Emirates Business interviews Pamela Patsley, CEO of MoneyGram, about its battle back from heavy sub-prime mortgage related investment losses to top line ...
