Google and PayPal to Drop Maestro Support

Moovin On Up (blog) In a recent email sent out to all customers who use PayPal to process orders PayPal have announced that they will no longer be accepting Maestro for certain



CompSource Chooses Mazooma Debit-Based Payment Solution

Earthtimes (press release) Cardinal Centinel® enables payment brands such as Verified by Visa, MasterCard® SecureCode(TM), PayPal(TM), Bill Me Later®, Mazooma(TM),



Google Pulling Out of China? Don't Bet On It

PC World In June 2008, state-owned China Mobile, the world's largest mobile phone service provider, reported it had just over 600 million phone subscribers--a report



Fraud prevention is crucial

Illawara Mercury (blog) Despite the recent spate of card skimming in the northern suburbs of Wollongong, the rate of credit card fraud in Australia has been statistically low



Gartner forecasts mobile web access will surpass PCs by 2013

Mobile phones will overtake PCs as the dominant web access device worldwide by 2013 according to a new forecast issued by research firm Gartner. Based on Gartner's PC installed base forecast, the total number of PCs in use should top 1.78 billion units in 2013--by that time, the combined installed base of smartphones and browser-equipped enhanced phones is expected to exceed 1.82 billion units, and the gap will continue to grow in the years to follow. Gartner adds that mobile web users are typically prepared to make fewer clicks on a website than PC users, contending that most websites not yet optimized for smaller device screens will need to be rebuilt and their content reformatted. Looking even further ahead, Gartner anticipates that by 2015, context will be as critical to mobile consumer services and relationships as search engines are to the traditional web. Gartner argues that context will provide the key to delivering hyper-personalized experiences across smartphones in the same way search enables web users to organize information and services, adding context will center on observing patterns, particularly location, presence and social interactions. Gartner also notes that while search is predicated on pulling information from the web, context-enriched services will typically prepopulate or push information to users.



ProPay to Host 2010 Data Security Summit

Business Wire (press release) “The payment industry is under constant attack, and sensitive payment data continues to fall into the hands of hackers,” said Gary Goodrich, CEO of ProPay



New Entrants Attacking the Financial Industry

In a post titled "Is the Internet Finally Robbing the Greedy Financier’s Gravy Train?", Sarah Lacy writes for TechCrunch about the many traditional industries the Internet has wrecked - and how she sees the recent activities among startups (and acquisitions) indicative of a new trend - companies that are "finally aligning interests between the finance professionals and the users." Lacy goes on to note that "finance has been so anti-innovation and so anti-consumer for so long, these companies don’t have to be perfect to be huge."



Secure Remote Payment Council Announces Formation

The Secure Remote Payment Council, (SRPc) held its formation meeting and inaugural Board of Directors meeting in Dallas in December to install its Board, elect officers and set its 2010 agenda. The SRPc says it is "dedicated to the growth, development and market adoption of secure eCommerce and mobile payment methods."



Security firm outlines how attack against Google was pulled off

San Jose Mercury News However, if you do use cloud computing you should make sure your provider is using industry standard processes and solutions to automate and secure their



Card Industry Has a Compelling Case for Data Encryption, Report Says

End-to-end encryption of cardholder account data during the transaction process is an imperfect solution to payment card fraud, but it’s the most practical out there now for the U.S., a new report about fraud management from Aite Group LLC... http://www.digitaltransactions.net/newsstory.cfm?newsid=2420



Mobile commerce services 'will make wallets obsolete'

Velti News Mobile commerce services will begin to replace cash transactions and credit card payments over the next year, according to a new report. ...