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« August 16, 2006 | Main | August 18, 2006 »

August 17, 2006

Levi.com Checks Out of Google Checkout

Tags » ECommerce Payments, Google Checkout, Internet Retail

Ben Charny reports for MarketWatch that "Levi Strauss & Co.'s main Web site has quietly stopped offering Google Inc.'s Checkout online payment feature."

Part Of The Mobile Payments Debate

Tags » Contactless Payments, MasterCard, Mobile Payments, Near Field Communication (NFC)

Card Technology writes about Turkey's Garanti Bank and bank management's thoughts on some of the issues associated with contactless/NFC payment deployment in mobile phones. In particular, concerns about using a shared SIM approach - with the mobile network operator. “At end the day, who owns the customer relationship? Who’s the customer going to call if something goes wrong?” Just last month, Garanti Bank became MasterCard's PayPass launch bank in Europe.

First Data International to Acquire Argencard S.A.

Tags » First Data Corp., Processors

First Data International and Argencard S.A. have announced that they have signed an agreement for the acquisition of Argencard by First Data. According to First Data, Argencard is a leading payment processor in Argentina and Uruguay.   » Continue Reading

ING DIRECT Launches New Authentication Approach

Tags » Authentication, ING Direct, Online Banking

ING DIRECT has announced it has launched a new login process using risk-based authentication and site-to-user authentication solutions from RSA Security.   » Continue Reading

More On FSTC Authenticating FI's To Consumers Project

Tags » Authentication, Financial Technologies, FSTC

Mentioned earlier here on Payments News, the Financial Services Technology Consortium (FSTC) has formally announced that it has launched a major project aimed at authenticating financial institutions to their customers.   » Continue Reading

US Payments Rely On PINs, Not Coins

Tags » Contactless Payments, Debit Cards, Mobile Payments

eMarketer's Lisa Phillips reviews several recent payments industry surveys. "More than half of all respondents said they prefer electronic payment methods so they do not have to carry cash, while 61% of the respondents ages 25 to 34 said they were interested in making purchases via their cellphones."

More On OCC Gift Card Guidance

Tags » Financial Regulators, Gift Cards

Stacy Kaper writes for the American Banker about the new set of bank-issued gift cards guidelines issued by the Office of the Comptroller of the Currency earlier this week - reporting some observers believe that the guidelines may be just the first step by the OCC towards preempting state laws governing gift cards.

Secure ID Industry Promotes Privacy and Security Standards

Tags » Authentication, Card Technology, Contactless Payments

The Secure ID Coalition, an affiliation of companies advocating for secure identification technology standards to protect the privacy of citizens, has announced its formation and says it will be educating policymakers at the National Conference of State Legislators (NCSL) this week. The coalition includes secure card makers Gemalto and Oberthur Card Systems, as well as chip makers Infineon Technologies, Philips Semiconductors and Texas Instruments.   » Continue Reading

Payment Card Industry Compliance

Tags » Data Security, PCI Compliance

Joan Herbig writes for CSO Magazine about the Payment Card Industry (PCI) Data Security Standard - PCI-DSS and what Chief Information Security Officers should do to to prepare for compliance. Herbig writes "embracing the PCI standard may sound like a big task, and you may wonder if it’s even necessary for your business. However, before you fill up your dance card with other priorities, consider this: As of now, there is no known case of a PCI-compliant network being compromised."

Headline News - August 17, 2006

Tags » Payments News - Headline News

Note: Throughout the day, as Payments News happens, this post is updated.

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