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April 25, 2007

Navigating the Payment Card Industry - Data Security Standard

Sarah D. Scalet writes for CSO Magazine about the Payment Card Industry - Data Security Standard (PCI-DSS) standard - calling it "corporate America's most ambitious effort yet to prove that it can self-regulate."

CyberSource Expands Global eCommerce Reach

CyberSource has announced enhanced "global payment capabilities, expanding the international payment reach of its eCommerce merchants and simultaneously adding anti-fraud and security measures." According to the company, a single connection with CyberSource now provides access to payment processing services for cards, direct debits, and bank transfers in over 190 countries - including new fraud screening capabilities to manage online payment risk across different international markets and secure payment data storage allowing merchants to transact globally without storing sensitive payment data on their networks.

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A Gift Card Mall in a Kiosk

Pay By Touch has announced the availability of a new Reward and Gift Card Kiosk that "enables retail customers to design, print and purchase personalized gift cards, and obtain loyalty program cards, without merchant personnel assistance."

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New England Banks Set to Sue TJX Over Card Data Breach

Ross Kerber reports for the Boston Globe that a group of New England banks is preparing to sue TJX Companies over the recent payment card data security breach at the retailer. According to Kerber, they intend to "seek tens of millions of dollars in damages from TJX."

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