MasterCard, Visa confirm credit card data theft described as ‘massive’ As Reported by Bob Sullivan via MSNBC “MasterCard is currently investigating a potential account data compromise event of a U.S.-based entity and, as a result, we have alerted payment card issuers regarding certain MasterCard accounts that are potentially at risk,” that association said in a [...]
Tag Archives: Credit Cards
Fri 03/30/2012 - 08:28
Thu 02/23/2012 - 09:52
AP, Canada, CEMEA, LAC, U.S. | Acquirers, Issuers, Processors, Agents Visa is committed to safeguarding the integrity of its payment system by ensuring that all fraudulent activity is swiftly re-mediated. Members are encouraged to follow industry best practices, adhere to the Visa International Operating Regulations and implement strong security controls to protect their operations and [...]
Sat 06/18/2011 - 10:53
Cross Posted from Digital Transactions With issuers and program managers having come under fire in recent months for allegedly high and numerous consumer fees for prepaid products, American Express Co. on Tuesday launched a reloadable prepaid card that levies no activation or maintenance fees. It also charges no reload fee when value is loaded from [...]
Fri 05/06/2011 - 03:16
Cross Posted from PaymentsU.com You might think that after half a century of having little or no control over the fees they pay to accept card payments, retailers would be demanding that all mobile commerce products and NFC-enabled systems support tender steering. They are not. Retailer associations have been virtually silent on the topic, and there [...]
Tue 12/21/2010 - 01:17
By Jack Phillips Epoch Times Staff Credit cards were on the decline even though all other electronic payment methods rose in a three-year period between 2006 and 2009, according to a report from the Federal Reserve last Wednesday. In 2009, there were 21.6 billion credit card payments, which value $1.9 billion, compared with 21.7 billion [...]
Fri 12/03/2010 - 08:52
Nov. 30, 2010 Digital Transaction After an extended testing period, Discover Financial Services is rolling out its Discover Zip contactless payment system. The card network says an undisclosed number of cardholders began receiving contactless cards in the mail Nov. 15, while others received contactless stickers that attach to their mobile phones or other items. More [...]
Sun 10/10/2010 - 01:53
American Banker  | Thursday, October 7, 2010 By Daniel Wolfe SecureKey Technologies Inc. has developed a way to turn any computer into a contactless payment terminal, bringing the improved security of contactless payments to e-commerce — without requiring online merchants to do anything to their systems. “Now you can turn every e-commerce merchant into a [...]
Wed 09/29/2010 - 11:11
The metallic, by-invitation-only Black American Express Card signifies success — and money. Even unpretentious cardholders concede that membership has its privileges. By CreditCards.com What if what was in your wallet really did make you a better person — or at least perceived as one? The closest thing to such a notion may be the American [...]
Wed 05/26/2010 - 03:15
Cross Posted from Social Business Bank Introduction: Want to win 1 year of free credit card processing? You should check out the Sweepstakes currently going on at http://www.SocialBusinessBank.com/win. Liability for fraud shifts from the card issuer to the merchant for ‘Card Not Present’ sale (mail order, telephone/fax order, and internet sales). The merchant is generally [...]
Thu 05/20/2010 - 02:11
Cross-Posted from Yahoo News by By JIM KUHNHENN, Associated Press Writer WASHINGTON – Striking at a lucrative bank business, the Senate on Thursday voted to force credit card companies to reduce fees for debit card transactions and permit merchants to offer customer discounts based on their payment method. The 64-33 vote inserted the fee requirement in [...]
Wed 05/19/2010 - 02:42
Cross-Posted from Digital Transactions The gap in acceptance costs between PIN-based and signature debit, once wide, continues to narrow, payments executives say. The trend is most apparent in the new interchange schedules for Visa Inc.’s Interlink electronic funds transfer network and the signature-based Visa check card. A number of Interlink rates are rising by percentages [...]
Tue 04/27/2010 - 12:57
Cros-posted from Infosec Island Contributed By: Mike Meikle As a consultant, you get to view the grim expanse of industry regulation more than most. Â Sarbanes-Oxley (SOX), Health Insurance Portability and Accountability Act (HIPAA), Federal Information Security Management Act (FISMA) and of course the topic of this article, Payment Card Industry Data Security Standard (PCI DSS). [...]
Mon 04/19/2010 - 09:39
Cross Posted from Digital Transactions (April 15, 2010) It has started talking to point-of-sale terminal and software firms about integrating that software with their systems. The idea is to create an out-of-the-box product that would equip small merchants to comply with the networks’ Payment Card Industry data-security standard (PCI). “We said, ‘Bring your development teams, [...]
