The settlement The TJX Cos. and Visa Inc. announced Friday not only shows the retailer is well on its way to disposing of the myriad problems arising out the intrusion into its computer system that potentially compromised nearly 100 million credit and debit cards, but it also gives a rare …

NACHA, the rules-setting body for the automated clearing house network, this week announced membership approval of a rule amendment that will raise fines for unauthorized transactions and cut off ACH access for companies that enter too many such payments into the network. NACHA has also issued a rules clarification that …

Off-price retailer TJX Cos. Inc. might hold the dubious honor of being the merchant where the nation's worst breach of payment card data occurred, but you'd never know it by looking at the company's latest financials. Revenue and profits are up, and executives made only passing reference to the breach …

Few people would deny that a law Congress enacted in 2003 mandating payment card receipt truncation had a noble aim?to prevent criminals from getting enough data when they obtained other people's transaction receipts to steal identities or commit card fraud. But some merchants, while complying with the truncation provision that …

BSG Clearing Solutions has started talking to sellers of digital merchandise about using a new service that would allow them to take payment for games, songs, and other such goods by charging the items to consumers' wireless bills. The targeted sellers for the new service are so-called off-deck merchants, or …

Sources reached by Digital Transactions News aren't surprised at the news that the number of credit and debit card accounts affected in the TJX Cos. breach has doubled, as disclosed by court filings and reported this week by The Boston Globe. Although the off-price retailing chain reported in March that …

The crime of phishing entered midsummer doldrums, offering some relief to financial institutions, merchants, and other organizations engaged in e-commerce, according to the latest report from the Anti-Phishing Working Group. The number of unique e-mail attacks dropped 17%, to 23,917, in July, while the population of sites launching attacks dipped …

No. 2 payment network MasterCard Worldwide this week unveiled a global education effort about the Payment Card Industry data-security standard, or PCI. The campaign, which includes free Web-based seminars and live training, comes at a time when restive merchants and others are challenging the card networks about data security, with …

A Silicon Valley startup that allows online buyers to receive products free if they buy something from other vendors has signed up 1,400 merchants and expects to have 10,000 on its roster within a year. “We enable multimerchant commerce,” says Alex Rampell, founder and chief executive of TrialPay Inc., which …

A leading retailer trade group on Thursday called for the payment card networks to stop forcing merchants to store credit card numbers, in effect challenging banks and the networks to take more responsibility for preventing data thefts. In a letter to the PCI Security Standards Council, an organization the networks …