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November 06, 2012

2012 Payments Fraud Survey

Fed Minneapolis logoThe Federal Reserve Bank of Minneapolis’ Payments Information and Outreach Office recently released the results of its 2012 Payments Fraud Survey.
Payments covered in the survey included transactions involving cash, check, debit and credit cards, automated clearinghouse (ACH), and wire transfers. The 2012 survey is similar to surveys conducted in 2010 and 2009; thus this report includes some trend analysis.
The full report can be downloaded here.

First Data Reports Third Quarter 2012 Financial Results

First data logo 140x60pxFirst Data has reported its financial results for 3Q2012.
Consolidated revenue for the third quarter was $2.7 billion, down $58 million, or 2%, compared to a year ago on a $73 million decline in debit network fees partially offset by an increase in merchant acquiring revenue. Debit network fees are passed directly to customers and therefore did not impact operating income. Adjusted revenue, which excludes certain items including debit network fees, increased $34 million, or 2%, year-over-year to $1.7 billion.

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