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December 24, 2005

Merry Christmas - Yet Another Data Breach!

Natalie Weinstein reports for CNET News.com that Visa USA has acknowledged today that a U.S. merchant "may have experienced a data security breach" that compromised credit card account information.

First Data Shuts Down BidPay

BidPayIna Steiner reports for AuctionBytes.com that First Data's BidPay unit is closing down operations on December 31, 2005.

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This Week's Top 11: Most Read New Stories

This week's Top 11 Most Popular News Stories on Payments News are:

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Visa Launches New Brand Identity In India

Visa CardIndianTelevision.com reports on Visa International's new brand identity and the Reliance Any Time Money Card that will be the first Visa payment product that will have the new Visa brand identity and design in India.

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Electronic Finances Can Leave You Broke

Sarana Schell reports for the Anchorage Daily News on merchant card authorization practices and how authorizing larger amounts can affect a cardholder's availability of funds.

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UTA To Test Contactless Payment Card System

Nicole Warburton writes for the Deseret Morning News about plans by the Utah Transit Authority to test a contactless card-based fare collection system.

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