PINcept.com: March 2010

EFTPOS Strikes First Major Blow to V/MC with Woolworths Deal

Woolworths dumps Visa, MasterCard debitBy Liz Tay: Apr 1, 2010 11:30 AMMove to EFTPOS to save “millions”.According to CRN (Australia) "Woolworths has announced that it would no longer accept payments through the Visa Debit and Debit MasterCard networks."From 15 April, the change would be introduced progressively across Woolworths Group stores, including Big W, BWS, Dan Murphy's, Dick Smith, Tandy, Thomas Dux and ALH, as well as...

Posted by John B. Frank Wednesday, March 31, 2010 0 comments

EFTPOS Strikes First Major Blow to V/MC with Woolworths Deal

Woolworths dumps Visa, MasterCard debitBy Liz Tay: Apr 1, 2010 11:30 AMMove to EFTPOS to save “millions”.According to CRN (Australia) "Woolworths has announced that it would no longer accept payments through the Visa Debit and Debit MasterCard networks."From 15 April, the change would be introduced progressively across Woolworths Group stores, including Big W, BWS, Dan Murphy's, Dick Smith, Tandy, Thomas Dux and ALH, as well as...

Posted by John B. Frank 0 comments

The Indian Payment Card Market Forecast to 2012

Research and Markets: An Extensive Research and Conceptual Analysis of The Indian Payment Card Market Forecast to 2012DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/52a195/indian_payment_car) has announced the addition of the "Indian Payment Card Market Forecast to 2012" report to their offering.“Indian Payment Card Market Forecast to 2012.”With the continuous rise in middle class households...

Posted by John B. Frank 0 comments

The Indian Payment Card Market Forecast to 2012

Research and Markets: An Extensive Research and Conceptual Analysis of The Indian Payment Card Market Forecast to 2012DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/52a195/indian_payment_car) has announced the addition of the "Indian Payment Card Market Forecast to 2012" report to their offering.“Indian Payment Card Market Forecast to 2012.”With the continuous rise in middle class households...

Posted by John B. Frank 0 comments

X9 Calls for Authentication Standard for Debit Transactions

Annapolis, Md., March 31, 2010 -- The Accredited Standards Committee X9 (X9) announced today plans to launch a new effort to develop an American National Standard that will provide secure authentication for debit transactions."Consumer demand and industry trends are moving towards more security for card transactions over the Internet", said Lilik Kazaryan of the STAR Network. Kazaryan is a member of X9 and proposed the new work item. "Currently...

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X9 Calls for Authentication Standard for Debit Transactions

Annapolis, Md., March 31, 2010 -- The Accredited Standards Committee X9 (X9) announced today plans to launch a new effort to develop an American National Standard that will provide secure authentication for debit transactions."Consumer demand and industry trends are moving towards more security for card transactions over the Internet", said Lilik Kazaryan of the STAR Network. Kazaryan is a member of X9 and proposed the new work item. "Currently...

Posted by John B. Frank 0 comments

WePay Goes Live with Max Levchin as Backer

From Read Write Web:If you've ever lived in a house with multiple roommates, then you know the pain of collecting for the various bills each month and keeping track of who paid what and when. Add to that the frustration of one person paying cash while another only has checks on hand, and you'll be ready to call it quits. That is, unless you've found WePay, the online payment service launching tomorrow custom made to handle...

Posted by John B. Frank 0 comments

WePay Goes Live with Max Levchin as Backer

From Read Write Web:If you've ever lived in a house with multiple roommates, then you know the pain of collecting for the various bills each month and keeping track of who paid what and when. Add to that the frustration of one person paying cash while another only has checks on hand, and you'll be ready to call it quits. That is, unless you've found WePay, the online payment service launching tomorrow custom made to handle...

Posted by John B. Frank 0 comments

ACI Worldwide on the "Threat to Online Banking Security"

Browse by topics of interestFinancial CrimeCards & Retail Banking PaymentsWholesale & SEPATechnology InnovationWednesday, 31 March 2010Threat to online banking securityAccording to this month’s figures released by the UK Cards Association, the number of "phishing" attacks on consumers rose by 16% in 2009 and the total amount of online banking losses saw a 14% rise on the previous year. These stats are worrying for consumers...

Posted by John B. Frank 0 comments

ACI Worldwide on the "Threat to Online Banking Security"

Browse by topics of interestFinancial CrimeCards & Retail Banking PaymentsWholesale & SEPATechnology InnovationWednesday, 31 March 2010Threat to online banking securityAccording to this month’s figures released by the UK Cards Association, the number of "phishing" attacks on consumers rose by 16% in 2009 and the total amount of online banking losses saw a 14% rise on the previous year. These stats are worrying for consumers...

Posted by John B. Frank 0 comments

MoneyGram International Adds 160 Bank Asya Locations in Turkey

MINNEAPOLIS--(BUSINESS WIRE)--MoneyGram International (NYSE:MGI), a leading global money transfer company, announced today that it has added Bank Asya, a leading financial institution in Turkey, to its growing agent network to provide MoneyGram money transfer services at 160 branch locations in Turkey.“We are committed to this region and we will continue to establish more locations and pursue new technology avenues for remittances such...

Posted by John B. Frank 0 comments

MoneyGram International Adds 160 Bank Asya Locations in Turkey

MINNEAPOLIS--(BUSINESS WIRE)--MoneyGram International (NYSE:MGI), a leading global money transfer company, announced today that it has added Bank Asya, a leading financial institution in Turkey, to its growing agent network to provide MoneyGram money transfer services at 160 branch locations in Turkey.“We are committed to this region and we will continue to establish more locations and pursue new technology avenues for remittances such...

Posted by John B. Frank 0 comments

The ECAF Awards

March 31, 2010 08:05 AM Eastern Daylight Time European Card Acquiring Forum Presents Heartland Payment Systems® With Integrity AwardHeartland recognized by global payments leaders for demonstrating integrity and setting unparalleled industry standardsPRINCETON, N.J.--(BUSINESS WIRE)--Heartland Payment Systems® (NYSE: HPY), one of the nation’s largest payments processors, recently received the “Integrity Award” at the European...

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