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« March 28, 2012 | Main | April 4, 2012 »

April 02, 2012

Google Acquires TxVia to Expand Wallet Initiative

Google logo 140pxIn a post on its Google Commerce blog, Google announced that it has acquired TxVia, a prepaid processing platforms with a platform-as-a-service (PaaS) delivery model.

TxVia has also certified and directly connected to the major payment networks, which establishes a solid foundation for Google Wallet and our partners to drive innovation on a global scale and in a partner friendly way.

AllThingsD has a nice overview.

Payments Views - Mobile Money in the Americas

GP Logo Horizontal 140pxOver on Payments Views, our sister blog, Glenbrook's Carol Coye Benson reflects back on her recent trip to the Mobile Money Americas conference in Mexico City.

There is a tremendous attitude of optimism here, and what appears to be a shared belief that these systems can, with proper regulatory support, provide real social good – helping in particular unbanked consumers to get access to ways of keeping, saving, and moving money securely.

The full post, Mobile Money in the Americas: Regulation, Infrastructure and Business Models, is available now.

Service Disruption Hits Visa Card Network

Visa logo 60pxhThe Associated Press, CNET, and other media outlets have been reporting that a systems update caused a "brief" 45 minute network outage in the middle of the day on Sunday.

Global Payments Data Breach

Globalpayments logo 140pxGlobal Payments has confirmed reports from late last week that it experienced a data breach that may have exposed 1.5 million cards.

The investigation to date has revealed that Track 2 card data may have been stolen, but that cardholder names, addresses and social security numbers were not obtained by the criminals.
The company has setup a separate website to, www.2012infosecurityupdate.com, to answer questions about the breach and its implications. In the meantime, Bank Technology News reports that Global Payments continues to sign new merchants.

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