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News

July, 2014

  • 16 July

    PCI Council Puts Trustwave’s Payment-Software Assessment Practice ‘In Remediation’

    The PCI Security Standards Council has placed Trustwave Holdings Inc.’s business of assessing payment-processing software for compliance with a major security standard “in remediation,” an official term that means probation. Chicago-based Trustwave is one of the biggest firms, if not the biggest, in the business of assessing merchants and processors …

  • 16 July

    PayPal Brushes off a ‘Challenging’ Period for Parent eBay, Posting Solid Gains

    PayPal Inc. enjoyed a solid quarter of growth despite what eBay Inc. chief executive John Donahoe characterized Wednesday as a “challenging” first half. One of the biggest of these challenges, according to Donahoe, was a data breach that occurred in late February or early March and that led PayPal parent …

  • 16 July

    Digital Transactions’s Jenisch Wins Industry Achievement Award from MidWest Acquirers

    Robert A. Jenisch, publisher of Digital Transactions, Digital Transactions News, and digitaltransactions.net, received the Industry Achievement Award from the MidWest Acquirers Association on Wednesday. The award, which recognizes substantial career accomplishments and contributions in the U.S. merchant-acquiring industry, was given to Jenisch during the MWAA’s annual conference in Lombard, Ill. …

  • 15 July

    Federal Officials Tell Their Side of the Operation Choke Point Story

    They came in for more bashing at a House subcommittee hearing Tuesday, but several federal government officials at least got a chance to give their opinions about the controversial Operation Choke Point, an effort by the U.S. Department of Justice supported by bank regulators that aims to cut off access …

  • 15 July

    ISOs And Acquirers Face Myriad Issues Over the Next 12 Months: Survey

      Increasing competition, slow growth, and staying abreast of changing technology top the list of issues facing independent sales organizations and merchant acquirers during the next 12 months, finds a new report from Adil Consulting. Fifty-two percent of respondents cited competition as the top trend, followed by growth, 48%, and …

  • 14 July

    Countering Operation Choke Point, Acquirers Canceled 10,000 Fraudulent Merchants

    Seeking to contrast the merchant-acquiring industry’s actual practices with the impression created by the government’s Operation Choke Point that acquirers turn a blind eye to shady merchants, the industry’s leading trade group on Monday said its members last year discharged more than 10,000 merchants for fraud. That statistic comes from …

  • 10 July

    How Bluetooth Beacons Are Central to GoPago And Slyde Mobile Payment And Offers App

      Bluetooth low energy beacons will play a key role in a mobile payment and loyalty service being developed by SK Planet Inc. and DoubleBeam Inc. that promises easier mobile payments and offer redemption. The beacons connect Bluetooth low energy-compatible smart phones with DoubleBeam’s GoPago tablet-based point-of-sale system. Now in …

  • 10 July

    Eye on Management: Leadership Change at the PCI Council; Roam Data’s Paull Leaves

    The PCI Security Standards Council has hired a former MasterCard Inc. executive as its new general manager to replace the retiring Bob Russo, and point-of-sale terminal maker Ingenico S.A.’s mobile-payment subsidiary Roam Data has a new leader. Russo, who became the PCI Council’s first general manager in March 2007,about six …

  • 9 July

    Researcher Proclaims the ‘Tender Truth’ About the High Cost of Cash

    Merchants like to gripe about the cost of payment card interchange and processing expenses, but relatively few have done a close analysis of what it really costs to accept the various tender types, according to an Aite Group LLC researcher. If they did, most would conclude that debit cards are …

  • 9 July

    Offering a Vault And a Wallet, Bitcoin Venture Xapo Prepares Mid-July Debit Card Launch

      Bitcoin vault provider Xapo Ltd. is days away from sending debit cards backed by the digital currency to consumers with registered Xapo Bitcoin accounts. The Palo Alto, Calif.-based startup, which is incorporated in Hong Kong, also raised $20 million in a recent investment round, bringing its total investment bounty …

Digital Transactions