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Home  Payments News
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Payments News |
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Payments News - from Glenbrook Partners
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Payments News ISSN 1556-4487. Compilation Copyright © Glenbrook Partners LLC, 2002-2010. All Rights Reserved.
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Credit Card Data Portability
DataPortability.org, the largest data portability group on the U.S., has recently embraced credit card data portability as one of its key initiative areas, and has blogged about it here. The Credit Card Data Portability Standard is supported by an opt-in community of electronic payment processing providers (service providers) that agree to provide credit card data and associated transaction information (sensitive data) to an existing merchant upon request in a PCI Compliant manner.
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Guardian Analytics Launches Industry Roundtable Series
Guardian Analytics recently announced the formation of an industry roundtable created to drive information sharing among financial institutions, law enforcement and industry experts. At their first industry roundtable participants shared "trends in threats and fraud attacks against the online and mobile channels and discussed trends in the online and mobile channels, the need to balance security with customer convenience, and the use of customer data as they key to defending against new and emerging cyber attacks."
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Internet Crooks Craft Creative Counterfeiting Scam
Check fraud seems so old fashioned these days. But as this story points out, "these hackers got the account information in an unusual way: They broke into three websites that specialize in a little-known type of business ? archiving check images online."
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Headline News - July 29, 2010
Headline News is brought to you by Glenbrook Partners: MasterCard and Smart Hub Appoint Tara Nathan to Lead Global Joint Venture BBVA Compass Extends Multi-Year Contract for CheckFree Bill Payment Solution Citi Extends Industry-leading Commercial Card Global Footprint Bunker-busting ATM attacks show security holes Digital Transactions: The Emerging Case for a Rules Change to Force Same-Day ACH Huffington Post: Sam Shrauger: Direct Monetization of Digital Content NetBanker: Flash Marketing Addendum: Co-branded Payments Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers seeking to hire payments professionals can...
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Visa Reports Fiscal Third Quarter 2010 Financial Results
Visa has announced financial results for its fiscal third quarter 2010 ended June 30, 2010 with GAAP net operating revenue in the fiscal third quarter of 2010 of $2.0 billion, an increase of 23% over the prior year. According to Visa, revenue was "driven by strong contributions across all revenue categories, in particular data processing and international transaction revenues." Some highlights: Payments volume growth, on a constant dollar basis for the three months ended March 31, 2009 on which fiscal third quarter service revenue is recognized, was a positive 13% over the prior year at $745 billion. Payments volume growth,...
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Cybercrime Fact or Fiction
Charles Jester has an interesting article in SC Magazine entitled "Cybercrime Fact or Fiction, Part 1: Banking Trojans and FinCEN Reporting" looking at the wide discrepancies in how payments fraud is reported. As Jester dryly points out "most statistics on cybercrime range from under $300 million lost per year to over $48 billion lost per year."
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Amazon-Facebook Alliance to Make Shopping More Social
The New York Times has a short write up on the new Amazon-Facebook Alliance. When users link their Amazon and Facebook accounts, "They... see which of their Facebook friends have upcoming birthdays, and receive gift suggestions based on the music, books and movies those friends have said they like on Facebook and on their Amazon wish lists."
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Headline News - July 28, 2010
Headline News is brought to you by Glenbrook Partners: New Celent Report: Payments Trends in South Korea Giftango Delivers Virtual Gift Cards for 35 National Brands MasterCard Teams with Acculynk to Give Issuers Option to Use PaySecure eWise Secures New Round of Funding Led by Balderton ProPay Launches ProtectPay Online Virtual Terminal Juniper Research: Mobile Commerce Awards Go To Mobiqa, mBlox, and eBay Mobile CHIPS Adds Fifth, Large Chinese Bank to Global Payments Network ATM Marketplace: Cardtronics extends ATM vault cash agreement with Wells Fargo PayPal Blog: Update on PayPal accounts for India users SFGate: Citigroup?s Semenchuk Quits as Ventures...
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Open Identity Exchange and Kantara Initiative to Collaborate
Open Identity Exchange (OIX) and Kantara Initiative recently announced that they will begin collaborating on digital trust framework development to build and promote adoption of a robust online trust ecosystem. Digital trust frameworks enable trust in transactions such as logins, registrations, and online eCommerce by allowing digital identity credentials produced by one site to be accepted at other sites. OIX executive members include AT&T, CA, Equifax, Google, PayPal, VeriSign, and Verizon. Kantara Initiative and OIX, the industry's two leading organizations focused on trust framework infrastructure, have agreed to the following high-level goals for collaboration: Develop a joint approach to federation...
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Headline News - July 27, 2010
Headline News is brought to you by Glenbrook Partners: eBillme.com Provides Online Coupons For Additional Back-to-School Savings Fiserv Enables Online Banking Transformation for The Westpac Group Open Solutions Acquires The Weiland Financial Group MoneyGram International Expands Network in Paraguay Home Trust of Canada Selects Gemalto for EMV Migration vWorker Selects ThreatMetrix Fraud Network to Fight Fraud on Its Online Marketplace Elavon Appoints Mike Passilla President and CEO Inside Retailing: All Cashed Up: Keeping Cash Safe in Germany Forbes: Why Free Checking is on Life Support BAI Banking Strategies: Making Tracks for Mobile Payments The Wall Street Journal: Hong Kong's Cashless-Payment...
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