Wednesday, July 7, 2010

One in 10 are Victims of ID theft - Australian Survey

Australians are falling victim to online identity theft at an alarming rate, a new survey suggests.



The survey of 2500 Australians found about one in 10 had fallen victim to online identity theft in the past 12 months.  They each lost an average of $1000 as a result, according to the survey compiled by Galaxy Research for VeriSign, a company that sells online security products.



If the survey results are extrapolated nationally, it means 1.37 million Australian internet users have been the victims of fraudsters, costing them $1.3 billion in a single year.  <<read more>>



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Most Cyber Attacks Target the United States






 





 Most cyber attacks target the U.S. - e-Secure-IT Newswire 
 (from Net-Security at 7-6-2010) 
 SecureWorks announced the findings of a research study that analyzed where the greatest number of attempted cyber attacks were launching from across the globe at its 2,800 clients. India won the study by having the lowest number of attempted cyber attacks originating from computers within its borders with only 52 attacks per thousand PCs. The Netherlands ended in second place with 57 attacks per thousand PCs, narrowly beating Germany and Brazil who came in third and fourth place respectively.... read more» 
  


The UK came in sixth place and the USA came in at the bottom of the table with a total of

1,660 attempted attacks per thousand computers.
 








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The Internet (Formerly Known as Popular) Now Completely Over says Prince

Facebook, online banking and YouTube? Yawn. The Internet is so yesterday, according to pop music legend Prince, who in a recent interview characterized the World Wide Web as a big, fat, soon-to-pass fad.
"The internet's completely over... The internet's like MTV. At one time MTV was hip and suddenly it became outdated," said Prince during a recent interview with U.K. newspaper The Daily Mirror. "Anyway, all these computers and digital gadgets are no good," he added. "They just fill your head with numbers and that can't be good for you." The interview was in anticipation to the release of his new album 20TEN (did he just fill our heads with more numbers?), which readers of the British publication will be able to get for free inside this Saturday's paper edition.


Read more: http://www.sfgate.com/cgi-bin/blogs/techchron/detail?&entry_id=67294#ixzz0t0a83tbE



Here's a related story from the E-Secure-IT News Feed:













Is the Web outdated, or is it just Prince?
(from CNet at 6-7-2010)
The Internet has suffered a premature death--or at least that's what aging rocker Prince believes has happened. "The Internet [is] completely over," Prince told U.K. publication The Mirror, which published an interview with the music icon on Monday, the eve of the debut in that country of his latest CD, 20TEN. Perhaps not coincidentally the disc will be distributed in the pages of The Mirror. "The Internet [is] like MTV," Prince continued. "At one time MTV was hip and suddenly it became ou... read more»


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MasterCard Enabling M-commerce with New Initiatives

Launch of first MasterCard MarketPlace™ app gives cardholders mobile access to exceptional deals
http://www.mastercard.comPURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Worldwide today announced the launch of the MasterCard MarketPlace™ Overwhelming Offers iPhone app – the company’s latest effort to revolutionize the mobile commerce experience for consumers.
“By redirecting merchant advertising spend from traditional methods to create better pricing for consumers and generate guaranteed sales, Next Jump is providing substantial benefits to both consumers and merchants”
A result of MasterCard’s exclusive alliance with Next Jump, a leading next-generation e-commerce company, the MasterCard MarketPlace Overwhelming Offer iPhone app is bringing to the mobile phone the superior e-commerce experience provided by MarketPlace, MasterCard’s online shopping experience portal. Through a simple tap of the finger MasterCard’s innovation enables consumers to access MasterCard MarketPlace, a personalized shopping platform with customized deals and offers from selected merchants, ultimately allowing them to buy the goods and services that they need and want from wherever they may be with a simple and consistent experience across their connected devices.
“At MasterCard, we are leveraging the latest technology and innovation to create products and solutions that enable a simple, seamless, secure and valuable payments experience wherever they want to shop,” said Josh Peirez, Chief Innovation Officer, MasterCard Worldwide. “As we focus on bringing the consistency of the e-commerce environment to consumers’ mobile devices, the MasterCard MarketPlace Overwhelming Offers app is the latest example of how our collaboration with Next Jump is helping consumers to become smarter, savvier shoppers on their own terms.”
The sale of physical merchandise via mobile phones hit $1.2 billion in 2009, according to ABI Research Inc., and is projected to reach $2.2 billion in 2010. With MasterCard MarketPlace Overwhelming Offers™ iPhone app, merchants will be able to improve their relationships with shoppers by offering special deals to those seeking to make purchases from them through their mobile devices while also capturing the additional mobile commerce revenue opportunity.
“By redirecting merchant advertising spend from traditional methods to create better pricing for consumers and generate guaranteed sales, Next Jump is providing substantial benefits to both consumers and merchants,” said Charlie Kim, CEO, Next Jump. “Our ongoing relationship with MasterCard is helping us to take our capabilities to the next level in a way that helps consumers and merchants to connect through whatever device consumers choose to connect to the internet – including their iPhones.”
Showing MasterCard Cardholders the Mobile Money
The MasterCard MarketPlace Overwhelming Offers provides savvy shoppers access to Black Friday door-buster deals of 50 percent or more on brand new, brand name products via their iPhone utilizing Next Jump’s merchant network.
Every weekday at noon eastern (excluding holidays), a deep discounted, limited time and quantity, reservation-only offer is posted from one of MasterCard’s well-known retail brand partners. Key shopping days offer up to 24 Overwhelming Offers in a day (1 per hour). Some recent favorites include netbooks for $150, digital cameras at $100 off and $100 gift certificates for $50. The MasterCard MarketPlace Overwhelming Offers iPhone app will make it easier for MasterCard cardholders on-the-go to secure these highly demanded reservations, by providing access via mobile devices.
The app is available for free download at the iPhone App Store, located at www.itunes.com/appstore.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews.
About NextJump
Headquartered in New York City, Next Jump is building the next generation of e-commerce and advertising technology, and revolutionizing the way consumers and marketers interact online. The company has created the most powerful technology engine for sales achieving the highest conversion rates of browsers to buyers. Over 28,000 merchant partners, both retailers and manufacturers, leverage Next Jump’s technology, to create the most targeted, cost-effective and measurable campaigns reaching more than 100 million users. Next Jump acquires its users through a B2B model, with over 90,000 corporations, affinity groups, and institutions including 89% of the FORTUNE 100 and nearly 70% of FORTUNE 500 companies. Next Jump has offices in New York City, Cambridge, Massachusetts and London, U.K. For more information on Next Jump visit www.nextjump.com.

Contacts

Media:

MasterCard Worldwide

Erica Harvill, 914-249-6848

Erica_harvill@mastercard.com
Permalink: http://www.businesswire.com/news/home/20100707005508/en/MasterCard-Enabling-M-commerce-Initiatives


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The Death of Internet Anonymity









Anthony M. Freed



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After a year-long analysis of the state of Internet security led by the National Security council, President Obama's cybersecurity coordinator Howard Schmidt has released details of the administration's plan to protect the masses from cyberscumbags by creating a federal system for online identity authentication.
The Financial Times reported that "the creation of a system for identity management that would allow citizens to use additional authentication techniques, such as physical tokens or modules on mobile phones, to verify who they are before buying things online or accessing such sensitive information as health or banking records."
Good intentions aside, implementing a program of this nature could have repercussions far beyond combating phishers and scammers - it could put an end to any notion of online privacy and anonymity.
Electronic payment fraud and identity theft are serious problems, and are a drag on our economy which we could surely do without. But is this really where we need to begin?
Software continues to be produced with vulnerabilities written into the code, confidential information continues to be compromised on a daily basis due to lax security policies and employee unfamiliarity across a spectrum of industries, and information technology continues the shift to outsourced managed services in the cloud.
These realities create more opportunities for data loss on a massive scale.
So why pursue authentication issues as the first order of business? And why is a federally issued "cyber identity" being touted as the optimal solution, over and above a slew of commercial epayment security options already available?
At the risk of seeming like a tinfoil hat wearing paranoid, I ran across an article in the TeamCymru newsfeed from Prison Planet that really struck a nerve.
If you take away all the allusions to evil ulterior motives that pervades the article and simply look at the rant as an examination of some potential consequences from a federal cyber identity mandate, it quickly becomes clear that this may not be the best solution - for all of us Internet users anyway.
The article titled Cybersecurity Measures Will Mandate Government ID Tokens To Use The Internet was written by Paul Joseph Watson and Alex Jones, and asserts that "under the guise of cybersecurity, the government is moving to discredit and shut down the existing Internet infrastructure in the pursuit of a new, centralized, regulated world wide web."
Whether or not the true intention is to "discredit" the Internet, the more than forty cybersecurity related bills before Congress and the elevation of cybersecurity to the Czar level at the White House are clear evidence that the government is moving to "centralize and regulate" the Internet to some degree.
The article goes on to say that "similar legislation aimed at imposing Chinese-style censorship of the Internet and giving the state the power to shut down networks has already been passed globally, including in the UKNew Zealand and Australia."
While "Chinese-style censorship" is not specifically outlined in Schmidt's strategy, the proposal does entail requiring everyone who wants to access the Internet to register with the government, creating yet another layer of bureaucracy at potentially enormous cost to taxpayers.
If the government has to say "yes" to your request for access to the Internet, then they also have the power to say "no."
And there are many other issues that will arise from such a system, like whether the government will monitor and collect data on individual usage, and what steps would be taken to protect the system itself from being compromised.
Even if your access to the web remains unfettered, the requirement to register for and use a federal cyber identity would mean an end to one of the Internet's most lauded features - the ability to remain (relatively) anonymous.
The Prison Planet article claims that "abolition of anonymity is used to chill free speech,"and they may be on to something here.
Though, I think the authors meant "freedom of speech"  - but the term "free" might be more apt, as access to a web that is under federal control will undoubtedly cost users more than it does today.
Americans for Tax Reform sees federal control of the Internet as just another example of a backdoor tax that will make access to the Internet more expensive:
"Everyone will pay rates for service that the government sets. And everything passing through your Internet, TV, or phone would become subject to the FCC's consistent regulatory whim..."
Sorry Alex and company, it probably just comes down to the mighty dollar, and the opportunity to garner profits, fees and taxes.
Although, just because someone is paranoid, it does not mean someone else is not really out to get him.


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Atlanta Has Dubious Honor of Highest Malware Infection Rate

The Enigma Software Group tracks and maps current malware infection rates.
Coincidentally, Atlanta also "happens" to be the capital of the "payments world."



New York and Los Angeles are major metropolitan areas with exponentially larger populations than most other US cities, so they lead the way for total volume of malware infections. If you break the infection rate down per capita based on population, though, Atlanta comes out on top (or is it on the bottom?) of the heap with the highest malware infection rate.
Enigma Software Group maintains a real-time map displaying the infection rate in cities across the United States. If you are looking to establish or relocate a business, perhaps you should consult the map first to avoid regions that seem more prone to malware infection.  "Malware makers are becoming more and more sophisticated, and the risk they pose to your computer and your valuable personal information is growing," says Enigma Software Group CEO Alvin Estevez. "We think it's important to keep an eye on where the malware is doing the most damage and our Malware Tracker map helps us and consumers know what's going on."





The Enigma Software Group map shows overall malware infection rates, but also allows you to drill down by specific malware threats--displaying results specific to the top 10 current malware threats.  <<read more>>


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Cold Stone Creamery and First Data Debut eGifting Solution for Ice Cream Lovers

New Facebook Application Allows Consumers to Send Real Treats to Friends & Family

ATLANTA & SCOTTSDALE, Ariz.--(BUSINESS WIRE)--First Data Corporation, a global leader in electronic commerce and payment processing, and Cold Stone Creamery, an innovative super-premium ice cream brand, have teamed up to offer a new gifting application through Facebook. Starting today, loyal Cold Stone fans can now quickly and easily send a tangible “item-level” gift (e.g. ice cream Creations, shakes) to a friend or loved one’s Facebook account or e-mail address.
“Thanks to social networking sites, texting and the growing abundance of web-enabled mobile devices, the way people interact as well as give and receive gifts is changing”
Cold Stone Creamery, with more than 1,300 U.S. locations, is the first merchant to launch a gifting program using the First DataSM eGift SocialSMsolution. Unlike other solutions in the marketplace, Cold Stone customers benefit from the convenience of being able to gift multiple small items to one or more recipients with a single transaction.
”We’re making it easier for people to share a Cold Stone moment, even if time or distance prevents them from being together. Now you don’t have to wait for special occasions to share ice cream; you can send Cold Stone gifts instantly, any day, just because,” said Daniel Beem, president of Cold Stone Creamery. “We’re delighted to know that we’ll be part of more of life’s little moments, from ‘get well soon’ notes and rewards for a job well done to ‘I miss you’ wall posts.”
Inside Facebook has estimated that consumers spent $10 million on virtual goods through applications on the Facebook platform in 2009. The eGift Social solution takes this trend to the next level by moving purchased virtual gifts into the physical world.
“Thanks to social networking sites, texting and the growing abundance of web-enabled mobile devices, the way people interact as well as give and receive gifts is changing,” said Dom Morea, First Data division manager of Mobile Commerce Solutions. “eGift Social lets consumers show appreciation for friends and family by giving affordable yet meaningful gifts in real time. We’re thrilled to partner with Cold Stone and introduce this innovative, new eGifting technology to their customers.”
How eGift Social Works
Consumers access the First Data eGift Social application through Cold Stone’s Facebook page or website and select one or multiple friends to send gifts to; either by adding them from Facebook or entering their e-mail address. The sender selects which product they would like their friend to receive, adds a personal message and proceeds through the secure checkout process.
The recipient receives a Facebook message, e-mail or both, with an alert that they have received a gift, the account number and redemption instructions. Visiting any participating Cold Stone location, the recipient redeems the eGift item in a flavor of their choice by using the account number at the point of sale.
To join the eGift Social conversation, please follow:
About Cold Stone Creamery
Cold Stone Creamery delivers The Ultimate Ice Cream Experience® through a community of franchisees who are passionate about ice cream. The secret recipe for smooth and creamy ice cream is handcrafted fresh daily in each store, and then customized by combining a variety of mix-ins on a frozen granite stone. Headquartered in Scottsdale, Ariz., Cold Stone Creamery is a subsidiary of Kahala, one of the fastest growing franchising companies in the world, with a portfolio of 12 quick-service restaurant brands. Cold Stone Creamery operates more than 1,500 locations in 16 countries.
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the aggregate data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries. For more information, visit www.firstdata.com.

Contacts

Elizabeth Grice, First Data

303-967-8526

elizabeth.grice@firstdata.com

or

Veronica Graves, Kahala

480-362-4946

vgraves@kahalamgmt.com
Permalink: http://www.businesswire.com/news/home/20100707005445/en/Cold-Stone-Creamery-Data-Debut-eGifting-Solution


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Discover® U.S. Spending MonitorSM Drops 2 Points in June

http://www.discoverfinancial.comDespite Worsening Economic Sentiment, 17% of Consumers Plan to Spend More on Summer Vacations, Highest Number in Nearly 2 Years
RIVERWOODS, Ill.--(BUSINESS WIRE)--Consumer confidence continued to decline as fewer consumers see economic conditions or their personal finances improving in the month ahead, according to the Discover U.S. Spending Monitor for June 2010.
“Summer travel seems to be the only area of increased spending by consumers whose confidence in the economy continued to decline”
The Monitor – a poll of 8,200 consumers tracking consumer confidence and spending intentions on a daily basis – fell 2 points in June to 88.4. Overall, 28 percent believe economic conditions are improving, a 3-point decline from last month and a drop of 6 points over the last two months.
Summer Vacation Spending Intentions Rise While Other Discretionary Spending Intentions Hold Steady
Despite increasing economic uncertainty, 17 percent of consumers, the highest in nearly two years, plan to spend more on a major purchase like a vacation in the month ahead. This is a 2-point increase from the prior month. Last year, the number of consumers planning to spend more in this category dropped 1 point from May to June.
There was little month-to-month change in the number of consumers planning to increase spending in other discretionary spending categories like:
  • Going out to dinner, movies or sporting events (remained flat at 10 percent)

  • Home remodeling or new appliances (decreased from 17 percent to 16 percent)

  • Savings and investing (decreased from 9 percent to 8 percent)

“Summer travel seems to be the only area of increased spending by consumers whose confidence in the economy continued to decline,” said Julie Loeger, senior vice president of brand and product management for Discover. “But beyond vacations, consumers’ spending intentions have pretty much held steady.”
More Consumers See Economic Conditions Worsening, but Nearly Half Have Money Remaining After Paying Monthly Bills
Forty-eight percent of consumers feel economic conditions are getting worse, a 3-point increase from May and 5-point jump in the last two months.
The decline in economic confidence correlated with a 2-point drop to 33 percent in the number of consumers rating their finances as good or excellent. Looking ahead, only 20 percent feel their financial situation improving, 2 points lower than May.
Despite the drop in financial confidence, 49 percent of consumers expect to have money left over after paying monthly bills. While still below 50 percent for the 15th straight month, this is the highest this number has been since March 2009.
The number of consumers expecting an income shortfall in the month ahead inched up a point in June to 38 percent.
For more Discover U.S. Spending Monitor survey data, charts and information, please visit www.discoverfinancial.com/surveys/spending.shtml.
About Discover U.S. Spending Monitor
The Discover® U.S. Spending MonitorSM is a monthly index of consumer spending intentions and capacity that is based on interviews with a random sample of 8,200 U.S. adults conducted at a rate of 275 per night. In addition to spending, the survey asks consumers their opinions on the U.S. economy and their personal finances. The Monitor began in May 2007 with a base index of 100. Surveys are conducted by Rasmussen Reports, an independent survey research firm (www.rasmussenreports.com).
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

Contacts

Matthew Towson

Discover

224-405-5649

matthewtowson@discover.com
Permalink: http://www.businesswire.com/news/home/20100706006476/en/Discover%C2%AE-U.S.-Spending-MonitorSM-Drops-2-Points

New Mobile Applications From AT&T Enable Small Businesses to Tap the $68 Billion Mobile Payments Space

Southwestern Bell payphone with new AT&T signageImage via Wikipedia


AT&T and AprivaPay(TM) Create 'Virtual Storefronts' in the Field, Enabling On-the-Go Acceptance of Credit and Debit Card Payments via Mobile Phones

DALLASJuly 7 /PRNewswire-FirstCall/ -- Furthering its commitment to small businesses, AT&T* today announced that it has joined forces with Apriva, a leader in the wireless payment industry, to deliver new mobile payment applications that can enhance productivity and cash flow. The applications, AprivaPay™ and AprivaPay Professional, turn smartphones into point-of-sale devices that accept credit and debit card transactions. AT&T is the first wireless carrier to provide mobile point-of-sale solutions from Apriva.
According to Generator Research, an independent market research firm, the worldwide mobile payments market is expected to grow from $68 billion in 2009 to more than $600 billion by 2014, a compound annual growth rate of more than 50 percent over the next five years. The Apriva applications provide small businesses with a reliable and secure vehicle to seamlessly tap into this growth.
"Sales increase when small businesses accept payment cards," said Michael Antieri, president, advanced enterprise mobility solutions, AT&T Business Solutions. "And given that an overwhelming majority of small businesses use smartphones, offering a mobile application that ties together payment cards and smartphones makes perfect sense. By offering these new mobile applications from Apriva, AT&T is helping small businesses create 'virtual storefronts' in the field, enhancing cash flow while minimizing back office processes such as billing."
AprivaPay™ is a browser-based application that enables businesses to process credit and debit transactions through the browser of their mobile phones. AprivaPay Professional is a full featured application that is downloaded directly onto a smartphone. Additionally, the service can be integrated with an optional card reader and a receipt printer, allowing businesses to obtain the financial benefits of "card present" transactions, along with printing receipts.
Apriva is a leader in wireless payment processing. Its wireless technology is utilized by most major banks, as well as governments around the world. For more information on AprivaPay™ and AprivaPay™ Professional from AT&T visitwww.att.com/apriva.
Small and medium businesses interested in learning more about AprivaPay™ from AT&T and other mobile applications can visit the Small Business Mobile Application Recommender Tool (SMART) at www.att.com/SMART to identify which mobile application is right for their business. AT&T has added AprivaPay to its portfolio of AT&T mobile applications and authorized users can conveniently purchase it directly from AT&T via this online self-service tool.
For more information on AprivaPay™ and AprivaPay Professional from AT&T visit www.att.com/apriva.
Small businesses looking to find information about other AT&T products and services can visit www.att.com/smallbusiness. For free business resources such as webinars, white papers, training, case studies and best practices, they can visitwww.att.com/smallbusinessinsite.
Additionally, real-time information can be found on the AT&T Small Business Facebook page (www.facebook.com/ATTSmallBiz) and Twitter channel (www.twitter.com/smallbizInSite).
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T |DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. In 2010, AT&T again ranked among the 50 Most Admired Companies by FORTUNE® magazine. 
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATTNews. Find us on Facebook atwww.Facebook.com/ATT to discover more about our consumer and wireless services or at www.Facebook.com/ATTSmallBiz to discover more about our small business services.
© 2010 AT&T Intellectual Property. All rights reserved. 3G service not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
SOURCE AT&T Inc.


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Tuesday, July 6, 2010

This Week in Credit Card News -- Forbes

This Week in Credit Card News



Interchange Fee Regulations: Who Wins, Who Loses?


The financial overhaul bill passed in the House and is expected to pass in the Senate after the July 4th recess. The interchange fee for debit cards is one of the major elements of the bill. The only clear winners are merchants and retailers. The bill will hurt banks and possibly harm consumers. [LowCards.com]

Visa Can Take Credit for This Sly Debit Card Bill in California and Other States
As interchange fee regulations are debated in Congress, they are also under discussion and in several state legislatures and lobbying is intense. Visa is orchestrating a lobbying effort in California and other states considering legislation that would prevent merchants from charging fees when customers use debit cards. If California lawmakers want to save consumers money, they could also tackle credit and debit card fees such as limiting banks from charging fees when people use automatic teller machines. But that would take years of study and hearings. [Sacramento Bee]





<<Read More>>

ZDNet Asks: Is Apple Covering Up iPhone Problem?





Did Apple know about its signal strength reporting issue all along?
A couple of days ago Apple sent an open letter to iPhone 4 owners. The letter was in response to earlier reports of iPhone users having reception issues when holding the iPhone 4 the wrong way.
READ FULL STORY

Mint.com to Become a Bank

Mint LogoImage via Wikipedia
Mint.com will offer true-blue banking services by year-end.



Aaron Patzer, the company's founder and CEO, has told The Wall Street Journal that he "expects the site will enable setting up savings accounts and money transfers by the end of this year."



To do so, The Wall Street Journal says Mint.com "hopes to add by the end of the year" bank status that for its users "will actually allow for the real transfer of money, rather than the hypothetical" transfer of funds simulated in the new Mint Goals application, according to a WSJ video. (below)



<<Read more at BankInnovation.net>>





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Use of PIN Debit Grew 13% with Average Ticket of $41

Debit usage remains strong despite downturn



Debit card usage in the US is expected to continue to grow strongly this year with improved merchant acceptance helping to drive low value transactions.

A survey of issuing institutions sponsored by PULSE, an ATM and debit network owned by Discover Financial Services, showed debit transaction volume had increased 10 percent.



The use of PIN debit grew 13 percent with an average ticket size of $41
.

Signature debit transactions increased nine percent with an average transaction value of $35.



Read More at VRL News

NY Times: Hotels Home to Credit Card Hackers




Image from Credit Cards dot com


Credit Card Hackers Visit Hotels All Too Often


HERE’S something that the struggling hotel sector prefers not to spotlight: it is a favorite target of hackers.



A study released this year by SpiderLabs, a part of the data-security consulting company Trustwave, found that 38 percent of the credit card hacking cases last year involved the hotel industry.



The sector was well ahead of the financial services industry (19 percent), retailing (14.2 percent), and restaurants and bars (13 percent)

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