Tuesday, December 15, 2009

HomeATM Headline Newsletter through December 15tu

The PIN Payments News Blog is down today thanks to a terribly unfun flu bug that hit me in the middle of the night. Hopefully, I'll be back up on my feet tomorrow. The following was compiled by Mitch Cobin, HomeATM COO.

For more extensive news and industry coverage please see our award winning blog or visit our corporate website.

Mobilizing Citibank: A Tale of Trials and Tribulations

In spite of its recent woes, Citibank kept alive a program of investments in innovation initiatives. The changes at Citibank highlight the struggles of building "mobile money." In the latest Commerce Fault Line blog, Patrick Gauthier offers several lessons for the industry to draw from Citibank's announcements. Read more

PayPal hopes to loosen Alipay's grip on China market

Interfax TMT China (subscription) INTERFAX-CHINA - PayPal will launch a developer network in China on Dec. 16 with the aim of attracting partners for its newly-launched global payment

CardinalCommerce To Offer NYCE's SafeDebit Solution

Retail Solutions Online (press release) Using technology provided by Verient http://www.verient.com/ , the SafeDebit online payment solution enables consumers to pay for Internet purchases

Government unveils cyber safety plan

ABC Online It wants to pass laws to force Internet service providers to block banned material hosted on overseas servers. The Communications Minister Stephen Conroy

State of the Vending industry 2009: Recession Drives Profit Protection Initiatives

With rising unemployment hurting sales in 2008, vending operators engaged in a host of recovery initiatives, including staff reductions, price increases and business diversification.

Alibaba.com Confident Of Profit Growth In 2010

Wall Street Journal For example, Alibaba.com signed a cross-selling agreement with affiliates Taobao.com and Alipay, an online payment platform. Wei said these connection

China gets tough on credit card-related crimes

Xinhua Xiong Xuanguo, vice president of the SPC, told a press conference that credit card fraud had been on the rise in recent years as the bank card service ...

Google phone would break industry model

Washington Post The FCC is considering proposed new rules that would prevent Internet service providers from blocking content. Wireless carriers have argued that those

EO tries to breathe new life into ebay and paypal

USA Today ebay has particularly high hopes for paypal, its online-payments business. It expects its revenue to double, to about $5 billion, by the end of 2011.

Interchange mandates might help, but not everyone

The U.S. Government Accountability Office weighed in on interchange fees with a 69-page report to the U.S. Congress, released to the public Nov. 19, 2009. Anyone looking for definitive answers to questions as to what, if any, position the federal government should take in the public debate over interchange, however, is apt to be disappointed. Read entire story

PIN entry devices: Plan now for July 2010

Many are struggling with the PCI SSC's PIN entry device security initiative. But there is good reason for having it. While credit card data continues to be a primary target for cyber thieves, it is cardholder data coupled with the debit PIN that commands top dollar on the black market today. Read entire story

Strong Authentication Not Strong Enough

InformationWeek - Manhasset,NY,USA But Gartner Research VP Avivah Litan warns that cyber criminals have had success defeating two-factor authentication systems in Web browsing sessions using ...

Eye on Prepaid: Facebook, Western Union, And Green Dot

Prepaid card processors paired up with partners ranging from Facebook to Western Union to the MoneyPass surcharge-free ATM network in deals this week that expand the processors’ distribution... http://www.digitaltransactions.net/newsstory.cfm?newsid=2399

Mobile eWallet App to Hit Android Phones

Appscout Basically, it's like PayPal, but for cell phones. mPayy hooks into the Automated Clearing House (ACH) to transfer money between accounts or through Facebook

Taliban Using PayPal to Raise Funds

Jawa Report (blog) Very interesting....a site hosted in the US who has a PayPal button to donate to the Taliban. They explain to the reader why their site has a different net

Mobile Money For The Unbanked | Informilo

Dec 7, 2009 ... It works on all handset models and currently powers the mobile payment systems of MasterCard MoneySend in the U.S. and Nokia Money globally.

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