payment & fraud blogs

On Thursday, I received a telephone call from Nandon Sheth, the President and new owner of ATMDirect.

The HomeATM Intenet PIN Debit Blog (http://PINDebit.blogspot.com) has been added to the Payments News list of favorite "Payments and Banking Blogs", along with some of the big boys, such as The Offici

From today's "Payment Daily News Digest"

HomeATM Prepared to Prove ATMDirect is Vaporware:

In the wake of the Airlines Industry having just become aware that a credit card processor can (and will) dictate that 100% of an airlines credit card based revenue can be withheld, it has become more

I was speaking with Ken Mages, the founder and CEO of HomeATM and George Gendron, HomeATM's President regarding ATMDirect's questionable press release (Smoke, Mirrors and Patents) last Sunday, and the

Maybe the old-fashioned credit card won't become obsolete after all.

Chip and PIN was supposed to help protect us all from card fraud. But Cambridge researchers, Steven Murdoch and Saar Drimer, have found a ... all » number of ways that the criminally-minded could crack it - and extract your account number and PIN and all the details needed to create a cloned card. More details are available on the University of Cambirdge website

From Newsnight, BBC2, February 26, 2008.

PORTLAND, Maine — A security breach at an East Coast supermarket chain exposed 4.2 million credit and debit card numbers and led to 1,800 cases of fraud, the Hannaford Bros.

Radio On Your Mobile Phone?

Aneace Haddad, founder and chairman of Welcome (Real Time) has recently published a seminar presentation with full audio, titled “Making Maestro the preferred debit brand in post-SEPA Europe”.

This webinar is ideal for the HR Professional who would like to learn more about what they can do make better hiring decisions. A best practice for background screening can eliminate human error, automate the process and lead to better employee hiring decisions. Thus improving retention rates and reducing turnover.

COMPANY OVERVIEW: Asurint defines what “tomorrow” is for the employment screening industry converting the reactive, error-laden, manual process into an automated single source solution, while creating a positive customer experience with every interaction. Asurint’s state-of-the-art architectural framework and technology combined with its proprietary national criminal database fundamentally changes the underlying economics of screening, creating a strong value proposition and a broad market opportunity. Asurint’s screening application, IQ, eliminates the complex, expensive, slow, manual and inaccurate process of qualifying applicants and monitoring employees.

Incredible as the data age has become I am very concerned about the quality of the data. Particularly the quality of data that can be retrieved on an individual I may be considering hiring. In the payments business or any business for that matter security is priority number one. And, although we've invented savvy technology to help us screen payments and authenticate consumers we have been behind on applying technology to screen people...until recently.

Visa Inc. (VSA.XX), which plans to go public by next year, named Citigroup Inc.'s (C) Hans Morris president, effective Sept. 1.

The company said John Philip Coghlan resigned as Visa USA president and chief executive, a position he has held since July 2005. John Partridge, president of Inovant LLC, will assume the expanded responsibilities in the interim.

Mobile Web Surfers Soar As Payments Players Rev up M-Commerce
(June 5, 2007) Just as U.S. banks and merchants rev up plans for mobile commerce, U.S. mobile phone users are accessing the mobile Web more than ever, with a particularly strong spurt of growth in usage over the past year. Some 21% of worldwide links to the mobile Internet through a platform operated by Bango.net Ltd., a U.K. provider of mobile Web technology, came from the U.S. in April, up threefold from a year earlier, Bango says in a report released Tuesday. That’s enough to rank second in the world to the U.K., which claimed 27% of mobile logons to the Internet.