Thursday , March 28, 2024

Digital Transactions News staff

Visa, U.S. Chamber Launch Multi-City Data-Security Tour

Some 34% of small merchants invest more in locking down products and cash in their stores than in securing customer data, while the proportion doing the opposite is one-fifth, according to survey results released Monday. In addition, though 64% of the merchants say they had taken steps within the last …

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Wachovia Exposes Latest Card Fraud, But More Banks Likely Ensnared

Wachovia Corp., some of whose debit card holders have been victimized by a data breach that happened several months ago, began sending notices and replacement cards to those customers recently because it began to see signs of fraud after months of monitoring the accounts, the bank says. Although Wachovia's action …

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Chase Adds Contactless Technology to 1.8 Million Visa Debit Cards

JPMorgan Chase & Co., the largest issuer of contactless credit cards in the country with 7 million in circulation, is now adding contactless payment technology to its debit cards. The banking giant, which brands its contactless cards “blink,” has plans to re-issue 1.8 million debit cards with the Visa mark …

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Tech-Savvy Scheme Loots Millions from Montreal Debit Accounts

Canadian police arrested 10 people Tuesday they say used rigged card terminals to intercept PINs as cardholders entered them at the point of sale as part of a scheme in which they stole $4 million (Canadian) from 18,000 customer bank accounts. More arrests are expected, according to the authorities. In …

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With New Web Service, Xoom Targets the Giants of Money Transfer

Armed with $15 million in new venture capital, San Francisco-based Xoom Corp. is embarking on the next phase of its growth plan: selling Internet-based money-transfer services to banks, retailers and smaller money-transfer operators (MTOs) that can put their own brands on them and sell them to consumers. Founded in 2002, …

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Observers Split over How Much Google Will Compete with PayPal

With online search giant Google Inc. reportedly a week away from launching its long-expected payment service, observers differ on the question of whether the service will allow merchants to accept electronic payments on their own sites or be limited to Google's own platforms, especially the rapidly growing Google Base online …

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An Online Boom: Phishing Numbers Hit New Highs in May

The number of unique phishing attacks and the population of Web sites involved in the online fraud both hit all-time highs in May, following a disturbing trend of dramatic month-to-month increases since late 2005, according to the Anti-Phishing Working Group. Reports of unique attacks?discrete e-mail blasts sent to consumers by …

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Networks Begin to Make a Case for Cards at Vending Machines

Transaction Network Services Inc., which is routing wireless card transactions for Pepsi Co. at 500 vending machines, plans to boost that count to 10,000 machines across the country in 2007. TNS executives tell Digital Transactions in a story for the upcoming July-August issue that higher transactions tickets are helping to …

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Retailers Say, ‘Show Us the Fines’ on PCI, E-Commerce Exec Says

Merchants' sluggishness in achieving compliance with the Payment Card Industry data-security standard (PCI) is a source of some frustration to vendors like LaGarde Inc., but Michael Levin, executive vice president of marketing and business development for the Olathe, Kan.-based marketer of shopping-cart software for e-commerce, doesn't see the pace picking …

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Verizon Looks to POS System to Cope with Rising Walk-in Payments

Hoping to process a growing volume of bill payments customers make in its 76 stores, Verizon Communications Inc. is installing a new point-of-sale system that when complete will speed up check transactions, offer customers real-time payment posting, and allow the telecommunications giant to archive transaction information from multiple payment forms, …

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