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April 15, 2008

Frontier Airlines Bankruptcy "Surprised" First Data

Tags » Airline Payments, Bankruptcy, First Data Corp.  » Comments (0)

In an article titled 'First Data: We were surprised, too', David Milstead reports for the Rocky Mountain News that First Data spokeswoman Staci Busby said today that "we [First Data] were taken by surprise when Frontier Airlines filed for bankruptcy. In our numerous conversations with them, they never informed us that filing for Chapter 11 was even a consideration."

Payment Application Data Security Standard Issued

Tags » Payment Application Data Security Standard, PCI Compliance, PCI Security Standards Council  » Comments (0)

The PCI Security Standards Council, a global, open industry standards body providing management of the Payment Card Industry Data Security Standard (DSS), PCI PIN Entry Device (PED) Security Requirements and the Payment Application Data Security Standard (PA-DSS), has announced the release of version 1.1 of the Payment Application Data Security Standard (PA-DSS). READ MORE

NOVA Information Systems Becomes Elavon

Tags » Elavon, Merchant Acquirers, Nova Information Systems, US Bank  » Comments (0)

NOVA Information Systems (NOVA), a wholly-owned subsidiary of U.S. Bancorp, has unveiled a new global company name, Elavon. Elavon becomes the identity for NOVA and its affiliate merchant acquiring brands including First Horizon Merchant Services (FHMS) and euroConex. READ MORE

North American Merchant Advance Association Formed

Tags » Merchant Cash Advances  » Comments (0)

The North American Merchant Advance Association (NAMAA) has announced its formation 'to represent merchant cash advance providers and to promote competition and efficiency throughout the merchant advance industry.' READ MORE

Mobile Payments Player Safaricom Spurs IPO Fever in Kenya

Tags » Africa, M-PESA, Mobile Payments  » Comments (0)

Sarah Childress writes for the Wall St. Journal about Kenya's Safaricom - saying that 'first-time investors here are betting big on an initial public offering of [Safaricom] stock on the Nairobi Stock Exchange.' Dave Birch wrote about Safaricom's M-PESA mobile payments service over two years ago. Susie Lonie from Vodafone gave a presentation on M-PESA icon_PDF_small.gif at the 2006 Digital Money Forum. Click for more M-PESA coverage.

Authorize.Net Introduces Simple Checkout Solution

Tags » Authorize.net, CyberSource, ECommerce Payments  » Comments (0)

CyberSource has announced that its Authorize.Net small business solution has launched Simple Checkout allowing online merchants to create easy-to-implement 'Buy Now' and 'Donate' buttons. 'Simple Checkout was designed specifically for organizations that rely on donations and specialty merchants that typically sell one item per order.' READ MORE

RBS Implements MasterCard's InControl Platform

Tags » Commercial Cards, MasterCard, RBS, UK  » Comments (0)

The Royal Bank of Scotland (RBS) and MasterCard Worldwide have announced 'they have joined forces and implemented MasterCard's state-of-the-art payment platform, MasterCard inControl' with RBS marketing it as 'Approval-to-Buy' to its UK corporate banking customers. READ MORE

Equifax to Enter Russia through Investment

Tags » Credit Bureaus, Equifax, Russia  » Comments (0)

Equifax has announced that it has agreed to acquire a 28 percent equity stake in Global Payments Credit Services LLC (GPCS), a credit information company in Russia, from Global Payments Europe, s.r.o., a subsidiary of Global Payments Inc., and Home Credit and Finance Bank of Russia (Home Credit). READ MORE

Preliminary Chip and PIN Results from Canada

Tags » Canada, Card Technology, Chip and PIN, Interac, MasterCard, Visa  » Comments (0)

Members of the payment card industry in Canada - Interac Association, MasterCard Canada, Visa Canada and many of their respective card issuers and payment processors - have reported positive preliminary results from an industry trial of chip technology in Kitchener-Waterloo, Ontario. READ MORE

VeriFone Announces PAYware PC

Tags » Point of Sale (POS), Verifone  » Comments (0)

At this week's ETA meeting in Las Vegas, VeriFone has introduced PAYware PC - calling it 'the next generation of its popular PCCharge payment processing solution for standalone or integrated environments. PAYware PC provides end-to-end payment processing and customer management capabilities for small-to-medium-sized merchants of all types and a simple, yet highly-secure integration platform for developers.' READ MORE

What's Next for Frontier Airlines?

Tags » Airline Payments, Bankruptcy, First Data Corp., Merchant Acquirers  » Comments (0)

Chris Walsh writes for Denver's Rocky Mountain News about the Frontier Airlines bankruptcy filing late last week and the need to move quickly to resolve a dispute with its credit card processor, First Data Corp. Walsh writes that "the carrier initially will look to resolve a dispute with its credit-card processor, First Data, over the amount of money the company can withhold on Frontier's ticket sales."

FTVentures Raises $512 Million Growth Capital Fund

Tags » Banking Industry, Innovation  » Comments (0)

FTVentures has announced the closing of its third and largest fund to date, FTV III, at $512 million. According to the firm, 'FTVentures will continue its strategy of investing in software and business services companies that derive value from the firm’s unmatched Global Partner Network, which includes the world’s leading financial institutions. Founded in 1998, FTVentures has over $1 billion in committed capital and has offices in San Francisco and New York.' READ MORE

APACS Comments on Phishing Concerns

Tags » APACS, Phishing, UK  » Comments (0)

APACS, the UK payments association, said today that 'almost 1 in 3 people don’t have any anti-spyware software on their computer' as it discussed the increasing numbers of phishing attacks in the UK and reminded consumers of the tips to help them avoid falling victim to such crimes. According to APACS, 'phishing has become far more frequent in recent months with the latest APACS data showing more than 10,000 reported phishing incidents in the first quarter of 2008 – up over 200 per cent from the same period last year.' READ MORE

Headline News - April 15, 2008

Tags » Payments News - Headline News  » Comments (0)

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers looking to hire payments professionals can post their job openings there as well.

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