85% of UK Population Worried about Bank Card Fraud

Cyber security tops UK public''s concerns     (from ComputerWeekly at 5-11-2010)     Cyber security is the UK public's chief concern, with 85% of the population worried about bank card fraud and identity theft, a biannual global study has revealed. These fears are reflected in the UK's National Security Strategy, which listed attacks in cyber space as a top threat facing the UK. Nearly one in 10 people in the UK admits switching banks or retailers because of concerns about privacy and identity protection, according the latest Unisys Security Index. Of UK respondents, 75... read more»

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$431.3 Million Loss in Q3 for First Data

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By J. Scott Trubey The Atlanta Journal-Constitution

Credit card processor First Data said its third quarter loss widened 48 percent, as the company logged a $178 million charge from a change in tax law.  The tax charge came from a change in federal tax law that diminished the company’s ability to use foreign tax credits to offset future domestic taxes.Atlanta-based First Data, privately owned by private equity firm Kohlberg Kravis Roberts & Co., lost $431.3 million compared to a loss of $290.6 million in the third quarter a year ago.

Revenue climbed 8 percent to $2.63 billion, but expenses grew 7 percent to $2.49 billion.

Also Thursday, First Data introduced Jonathan J. Judge, a veteran of Paychex and IBM, as its new CEO. He joined the company Oct. 1.

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