Transaction Processing

Phishers are casting their lines at more brands in hopes of luring Internet users into divulging data that they can use fraudulently, according to a new study from the Anti-Phishing Working Group (APWG). According to the study, which covers the first half of 2013, criminals targeted 720 brands, up almost …

Tablet computers, which have invaded restaurants and retail stores since the introduction of Apple Inc.’s iPad three years ago, have now begun to see action at sports stadiums. Alabama State University’s newly built stadium on Aug. 31 became the first such arena to use the iPad for concession sales, according …

By John Stewart n The good news for merchant processors is that the U.S. acquiring market will turn in a robust performance over the next five years, growing at an average annual rate of 10.5%. The bad news, at least for acquirers that remain wedded to conventional terminals and conventional …

Investors may be disappointed with Apple Inc. in the wake of that tech giant’s introduction of two new iPhone models, but they’re plenty happy with digital wire-transfer company Xoom Corp. San Francisco-based Xoom on Tuesday raised $85.6 million in a new stock offering, about $20 million more than it expected …

The Internal Revenue Service is delaying for a year its planned withholding requirement for payment-card-accepting merchants whose names and taxpayer identification numbers (TINs) supplied by their merchant processor do not match the corresponding information the IRS has on file, the Electronic Transactions Association reported to its membership today. The delay …

Looking to attract more small businesses that just want to process online payments, e-commerce kingpin Amazon.com Inc. is rolling out a new, streamlined version of its 6-year-old Amazon Payments service. The new platform, which includes a simplified application programming interface, front-end widgets, and a testing “sandbox,” minimizes integration time by …

By Jim Daly The coming update to the Payment Card Industry data-security standard (PCI) will include new guidelines about physically protecting credit and debit card terminals, when third-party vendors share security responsibilities with merchants, protecting card data in a computer system’s short-term memory, and strengthening passwords, among others. The PCI …

First Data Corp.’s net loss widened in the second quarter on overall revenue that barely budged from the year-ago period, the huge transaction processor reported on Tuesday. The results throw into relief questions swirling around the Altanta-based company about whether its new top brass can kick-start growth. The company’s $189 …

A growing feeling among independent sales organizations about more eyes looking over their shoulders came through Thursday at the annual conference of the MidWest Acquirers Association, a regional trade group. Jitters over the Federal Trade Commission’s lawsuits against ISOs that processed for allegedly fraudulent telemarketers to increasing worries about data …

In an effort to free up cash to rebuild its struggling business, payment processor First Data Corp. will stop funding its 24,000 employees’ retirement plans with cash and instead provide stock grants to all employees. New First Data chief executive Frank Bisignano announced the change Monday in a memo to …