Transaction Processing

RBS WorldPay Inc., the other big merchant acquirer besides Heartland Payment Systems Inc. to report a major data breach in recent months, this week announced that it has attained validated compliance with the Payment Card Industry data-security standard, or PCI. But Atlanta-based RBS WorldPay didn't say anything in its news …

Many banks are reflexively reissuing debit cards in the wake of a breach, possibly stopping fraud losses but sustaining huge reissuance costs and eroding customers' trust. That's according to survey research released this week. “[Breaches] occur all the time, and don't show any signs of going away,” says Paul Henninger, …

After losing a nasty proxy fight last week with his company's largest shareholder, the chairman and chief executive of electronic bill-payment technology provider Online Resources Corp. seems ready to bury the hatchet. “I think it's going to work out,” Matthew P. Lawlor, who co-founded the Chantilly, Va.-based company 20 years …

A bill to establish an enforcement framework for licensed online gambling operators to accept wagers from individuals in the U.S. was introduced on Wednesday in the U.S. House of Representatives by Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee. The legislation is designed to replace the controversial …

In a move to simplify solutions in the rapidly changing mobile-banking market, mFoundry Inc. has added enhanced capabilities to its m-banking product. It now offers text banking (SMS) and alerts, as well as support within the mobile web browser (WAP). The two new modes join mFoundry's mobile applications-based downloadable solution …

Hammered by rising payment-infrastructure costs and a deteriorating economy, billers are starting to push customers harder to receive bills electronically rather than by paper. The rising tide of home foreclosures, indeed, serves as a wakeup call to billers that aren't looking at electronic bill presentment, since it's getting harder to …

Despite the economic downturn and softening volumes, MasterCard Inc. put in a “solid” first quarter, Robert Selander, MasterCard president and chief executive, said early Friday. “Our volumes have been impacted by significant headwinds, such as slower cross-border travel, lower gas prices, and an appreciating dollar,” Selander said at an analysts' …

It's been implicit for a while, but eBay Inc. on Wednesday made it clear that it has big hopes for its PayPal payments subsidiary as the company evolves from its core Internet auction business. “PayPal's opportunity and its niche is to power all of e-commerce,” eBay president and chief executive …

Airlines lost more than $1.4 billion to online fraudsters in 2008, representing about 1.3% of their Web-generated revenues. Those are two key findings from a first-of-its-kind survey about air carriers' Internet-related fraud. Mountain View, Calif.-based CyberSource Corp. commissioned the survey with Airline Information LLC, which produces conferences and publications about …

Hypercom Corp. reports it is starting to see interest building in a service that allows merchants to inject new encryption keys in their point-of-sale terminals through network connections, eliminating the need to visit stores or send the devices out to have the job done. “It's been a pretty substantial effort” …