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1 - 10 of 45 Results
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/ Technology
Retailers have made significant progress in PCI compliance, says a new survey
92% of respondents said they would likely pass an audit if given today.
Posted 01/13/2011Zak StamborPost a comment
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/ Technology
Payment processors must report merchants’ sales to IRS beginning in 2011
Payment processors, including PayPal and Google Checkout, in 2011 will be required to report information on Internet sellers to the Internal Revenue Service. The provision is expected to raise $9.8 billion over ten years in tax revenue.
Posted 08/07/2008Paul DemeryPost a comment
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/ Technology
Big retailers face Sept. 30 data security deadline set by Visa
More than 300 large retailers must comply with the PCI Data Security Standard by Sept. 30 or face fines from Visa. The most intense focus is on card data collected in stores because that can be used to create counterfeit cards, a Gartner analyst says.
Posted 09/27/2007Paul DemeryPost a comment
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/ Technology
Visa’s posting of interchange rates fails to satisfy retailers
Under pressure from retailers, trade groups and lawmakers, Visa U.S.A. has posted U.S. interchange rates on its web site. But the Merchants Payments Coalition says retailers still need more explanation of how the rates are set and applied.
Posted 10/19/2006Paul DemeryPost a comment
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/ Technology
MasterCard will post interchange rates online
MasterCard will publish U.S. interchange rates on its site by Nov. 1, bending to pressure from retailers and trade groups for disclosure of the fees. Previously, MasterCard released interchange rate schedules only to merchant banks and acquirers.
Posted 09/07/2006Kurt PetersPost a comment
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/ Technology
Online payment shifting from credit to debit, Jupiter report finds
Debit transaction volume, representing 39% of online payments last year, is expected to surpass credit transactions by 2007. Without signature authorization, merchants must boost the use of fraud management tools and explore PIN debit platforms.
Posted 05/04/2006Mary WagnerPost a comment
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/ Technology
Visa may offer incentives for merchants to comply with security standard
Visa USA is considering offering incentives to encourage merchants to comply with the Payment Card Industry Data Security Standard, according to CEO John Philip Coghlan.
Posted 05/04/2006Paul DemeryPost a comment
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/ Technology
CyberSource plans to enter card processing through purchase of CardSystems
CyberSource Corp. today announced plans to buy the assets of CardSystems Solutions Inc., the embattled payment processor that lost its right to process Visa U.S.A. and American Express Co. transactions after a security breach.
Posted 09/23/2005Kurt PetersPost a comment
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/ Technology
New data-protection standard should require outside auditors
The joint data storage protection standards of MasterCard, Visa, American Express, and Discover should require outside auditors to validate whether medium- to large-size merchants are in compliance.
Posted 07/05/2005Kurt PetersPost a comment
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/ Marketing
Germans prefer direct debit to pay for online purchases, says new report
Although credit cards remain the most popular method of payment in general for online purchases by European consumers, 64% of German consumers used direct debit payment in 2004, a 5% increase from 2003, according to Pago Report 2005.
Posted 06/06/2005Kurt PetersPost a comment
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