| Barclays Trounces Forecasts, Posts Flat Net Wall Street Journal - USA ... the disposal of its life insurance book, and booked €291 million in profits on the initial public offering of VISA and sales of shares in MasterCard. ... See all stories on this topic |
 Image via CrunchBaseSeeking Alpha - New York,NY,USA Investors in Visa and MasterCard will argue that this doesn’t matter because these companies simply process the transactions and do not have credit risk. ... See all stories on this topic |
| Recent local debit card threat noted by Midwest Bank York News-Times - York,NE,USA Visa and MasterCard are working proactively with merchants, who are required to make changed in the way they store customer data and are required to report ... See all stories on this topic |
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The philosophy driving the PCI stresses security at merchants and processors. But merchants and processors by their nature are not qualified to lock down data like Fort Knox. We need more emphasis on changing the credit card system as a whole, so we don't have to rely so much on security at the merchant or processor. What do you think? --Ben http://hack-igations.blogspot.com/2008/03/ftc-treats-tjx-unfairly.html