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    News and Articles on Credit Card Processing



    Credit card security breach fear  Nov 19, 2009
    Spanish police are investigating a credit card processing company which is believed to be at the centre of the scam. In a statement, Visa Europe confirmed that "it is aware of a possible card data security issue in Spain. No details are yet confirmed, but we do not believe that the issue is specific to Visa.". (BBC News -- Europe)

    S.F. meets goal of trees - but workers get ax  Nov 18, 2009
    The bad news: It will cost you an extra $140 service fee to PayLock, the friendly folks behind the SmartBoot contract, plus a credit card processing fee that can run as high as $175 for more than $5,000 in unpaid tickets. (Don't laugh. (San Francisco Chronicle -- Politics)

    Turning a holiday job into a permanent position  Nov 17, 2009
    At the staffing firm Manpower, the company hires about 10,000 seasonal employees to work for distribution centers, credit card processing facilities and other companies during the holidays. About 40 percent of those workers could eventually snag a permanent job, Joerres said. (The Augusta Chronicle)

    Richland farmers' market goes online  Nov 16, 2009
    The fee helps offset the hosting, e-commerce, photos, credit card processing, fraud protection the costs involved, he said. Since the Web site went live the Smarts have seen traffic from every state in the United States and from various countries around the world. (Longview Daily News, WA)

    Home raffles get mixed results  Nov 15, 2009
    Dream-home raffles having mixed success. Article:Dream-home raffles having mixed success:/c/a/2009/11/14/BUGC1AI9SK.DTL Article:Dream-home raffles having mixed success:/c/a/2009/11/14/BUGC1AI9SK.DTL advertisement. (San Francisco Chronicle -- Business)

    How to Optimize Your Application Ecosystem  Nov 13, 2009
    CIOUpdate columnist Dennis Drogseth of Enterprise Management Associates (CIO Information Network)

    Feds Bust Hacking Ring Accused of Stealing Millions  Nov 11, 2009
    WASHINGTON A U.S. grand jury indicted eight foreigners on charges that they hacked a computer network used by the credit card processing company RBS WorldPay and stole more than $9 million, the U.S. Justice Department said Tuesday. The group, which included people from Estonia, Russia and Moldova, was accused of compromising the data encryption used by RBS WorldPay, based in Atlanta and part of Royal Bank of Scotland, and gaining access to accounts a year ago. (Fox News)

    Four hackers indicted in $9.4 million ATM heist  Nov 11, 2009
    Washington - Three men from Eastern Europe have been named in a 16-count indictment for allegedly hacking into the computer network of an Atlanta-based credit card processing company and transferring $9. 4 million dollars to co-conspirators around the world. (Christian Science Monitor -- USA)

    International hacking ring indicted in ATL  Nov 11, 2009
    Several eastern Europeans and an unidentified accomplice were indicted by a federal grand jury for allegedly hacking into a computer network operated by the Atlanta-based credit card processing company and stealing $9 million. Sergei Tsurikov, 25, of Tallinn, Estonia; Viktor Pleshchuk, 28, of St. Petersburg, Russia; Oleg Covelin, 28, of Chisinau, Moldova; and a person known only as "Hacker 3;" have been indicted by a federal grand jury in Atlanta. (Atlanta Business Chronicle, GA)

    Constant Contact Debuts Event-Marketing Tool  Oct 27, 2009
    Registrations are accepted 24/7, and the service enables credit card processing via PayPal to make it easier and faster for small organizations to manage payments. Once you schedule an event, Constant Contact Event Marketing lets you track registration, payment, attendance and other information in real-time. (SmallBusinessComputing)

    How to Cut Credit-Card Fees  Oct 17, 2009
    San Francisco lingerie retailer Dollhouse Bettie negotiated better credit card processing rates to save $4,000 a year. By. (BusinessWeek)

    'Match Day' to benefit library  Oct 13, 2009
    There is a credit card processing fee of 4. 75 percent for using the site to donate, but no fee goes to the foundation. (Pittsburgh Post-Gazette, PA)

    Aligning network security with business priorities  Oct 9, 2009
    This time, he walks into Mary's office and says: "Mary, as you know, our organization does quite a bit of credit card processing. We have a database that stores this information and I'm worried that it might be vulnerable to attack. We've seen signs that attackers from Asia are trying to identify vulnerable Web applications that might give them a path to our credit card data, and I think we need to block these attacks. The system we need to do so costs $50,000, but it reduces our exposure to... (Search Security, MA)

    Citigroup closes $8.7B sale of Japanese brokerage  Oct 1, 2009
    The parent of discount carrier AirTran Airways said Wednesday it has reached deals to extend its credit card processing agreement with its largest card processor and to give itself more financial flexibility. The Orlando, Fla. (Fresno Bee -- Business)

    Is Burr a long shot for senate race?  Sep 30, 2009
    Burr, who is not married, currently runs a small business called ISO Parachute, which specializes in consolidating merchant portfolios for sales representatives in the credit card processing business. He's taking a break from that to focus on the campaign. (Canton Journal, MA)

    United Airlines' makeover aims to fix customer satisfaction issues  Sep 17, 2009
    But it can't touch most of it because of restrictive loan and credit card processing covenants. But others, such as Bob McAdoo at Avondale Partners, say United never really faced a cash crisis. (USA Today -- Money)

    Free Ecommerce Option for Small Bus...  Sep 10, 2009
    Sellers get to accept different types of payments without spending extra to set up with a credit card processing company. Customers get the advantage of being able to use a credit card and a secure checkout. (Suite101.com)

    Tucson airport reports some 'not-so-bad' passenger numbers  Aug 25, 2009
    It was pushed into Chapter 11 bankruptcy in April 2008 by cash flow issues stemming from a credit card processing company that notified the airline it would begin withholding credit card payments until after passengers had taken flights. In bankruptcy court, Frontier has cut costs and returned to profitability. (Sierra Vista Herald, AZ)

    AdEx Media, Inc. Announces Record Revenue for Second Quarter 2009 and Six Month Results  Aug 21, 2009
    Scott Rewick, Chief Executive Officer of AdEx commented, "We are obviously pleased with the strong revenue results we have posted in the first six months of this year and we will continue to leverage our proprietary marketing and technology platform." Rewick further stated, "We have recently initiated expansion plans internationally and raised $2.3 million in new capital which will strengthen our merchant credit card processing capability and media buying power.". A copy of the June 30, 2009... (PR Newswire)

    Poll: Confidence in Health Care Dwindling  Aug 19, 2009
    "Liberals are very good at giving other peoples money out but are very stingy with theirs, LOL. by DaVicar5 August 18, 2009 9:49 AM EDT You lefties have CBS, NBC, ABC, NPR, PBS, CNN, MSNBC, WSJ, et.al., but Fox News leaves you spinning on your heads? Sad lot you guys are... sad indeed. by afmcalax August 18, 2009 9:16 AM EDT Democrats need to get a backbone. I would look the neo-con neanderthals right in the eye and give them the single finger salute. I would create a public option just like... (CBS News)

    PNC renews agreement with First Data Corp.  Aug 14, 2009
    PNC Financial Services Group Inc., Pittsburgh, has renewed and expanded its agreement with First Data Corp., Denver, for transaction processing services to include some credit card processing, PIN debit and ATM processing it gained through its acquisition of National City Corp. Financial terms were not disclosed. First Data has provided transaction processing services to PNC (NYSE:PNC) since 1992 and services more than 15 million total accounts on file for PNC.. (Pittsburgh Business Times, PA)

    Gucci targets credit card enablers  Aug 11, 2009
    Gucci America sued several credit card processing firms for trademark infringement last week on grounds those companies facilitated the sale of counterfeit Gucci bags on the internet. By processing deals on counterfeits, Gucci said, the firms "not only supply the necessary marketplace for such transactions, they are full partners in those counterfeiting activities". (Business Report, South Africa)

    * World News Quick Take  Aug 9, 2009
    Gucci America sued several credit card processing companies for trademark infringement on Thursday on grounds those companies facilitated the sale of counterfeit Gucci bags on the Internet. Gucci America said in the lawsuit filed in District Court in Manhattan that by processing transactions on counterfeits, the companies not only supply the necessary marketplace for such transactions, they are full partners in those counterfeiting activities. (Taipei Times, Taiwan -- World)

    Full Story »  Aug 5, 2009
    Intuit offers free credit card processing app for iPhone by Macworld ... Intuit offers free credit card processing app for iPhone. (Yahoo News -- Technology)

    Hawaiian Holdings Reports 2009 Second Quarter Financial Results  Jul 28, 2009
    9 million primarily as a result of a reduction in certain revenue-variable expenses including credit card processing fees. Second quarter 2009 non-operating income totaled $5. (PR Newswire)

    UNITED AIRLINES SET TO CAUSE FINANCIAL TURBULENCE...  Jul 20, 2009
    5 percent credit card processing fees that UAL currently absorbs -- 17. 50 on a 500 ticket -- a cost that will likely be passed on to customers. (The Drudge Report)

    Nodus Launches CRM Charge for Microsoft Dynamics CRM  Jul 15, 2009
    Nodus is the only Microsoft Business Solutions vendor with VISA PA-DSS certificated credit card processing application for Microsoft Dynamics market ... credit card processing. (Yahoo News -- Press Releases)

    Privacy Policy/Your California Privacy Rights  Jul 12, 2009
    For example, if you use a credit or debit card to complete a transaction on our Site, we may share your personal information and credit card number with a credit card processing and/or a fulfillment company in order to complete your transaction, or such service provider(s) may collect that information from you directly, on our behalf. We also reserve the right to use, and to disclose to third parties, all of the information collected from and about you while you are using the Site in any way and... (The Clarion-Ledger)

    Travelport and PSP International Form Payment Solutions Joint Venture  Jul 7, 2009
    " It leverages the existing successful payment and settlement capabilities already established by PSP International in the Pacific region with Travelport's world-wide travel product distribution capabilities and significant airline, rail operator, hotel and car rental relationships. The joint venture also leverages Travelport's leading position with the on and off-line travel agency community and its global brand in the sector. The two companies have enjoyed a strong commercial relationship... (Canada Newswire)

    Ask an Expert  Jul 7, 2009
    Today's tip: HP recently announced an expansion of its excellent HP Access program, in which small and medium businesses can get discounts, free software and services, training, as well discounted web design, domain hosting, credit card processing, and more Learn more. Steve says check it out. (USA Today -- Money)

    United: Travel agents must pay credit card fees on flights sold  Jul 1, 2009
    "Credit card processing costs are escalating at a high rate," says United spokeswoman Robin Urbanski, noting that United's distribution costs, which include credit card fees, totaled $710 million last year. "We're continuing to explore ways in the current economic environment to reduce our costs and run an efficient airline.". (USA Today -- Money)

    Urine-filled catheter cans anger Neb. merchants  Jun 26, 2009
    Merchant Warehouse, a premier provider of merchant accounts and credit card processing solutions, today announced its next generation mobile application for BlackBerry smart phones. MerchantWARE Mobile runs on BlackBerrys Pearl, Storm, Curve or Bold and offers the enhanced capability to use a highly secure Bluetooth card swipe device that brings ease of use, lower processing costs and security to on the go businesses. (Fresno Bee)

    Bending the back office: Open source CRM and ERP  Jun 26, 2009
    There are plug-ins for adding inventory management, credit card processing, and pretty much everything you need to spin up your own ERP. ... Net's plug-ins, for instance, offer real-time credit card processing with GPLed code. (Yahoo News -- Technology)

    SoftBrands Introduces New Products, and Customer and Business Partner Initiatives at HITEC 2009  Jun 24, 2009
    -- SoftBrands announced the integration of the Shift4's Dollars On The Net(R) credit card processing system to the company's Epitome Property Management System. The integration offers a Payment Card Industry (PCI) compliant payment gateway that accepts and processes transactions accurately and securely. (PR Newswire)

    Intelligent Systems Registration Statement for Rights Offering Declared Effective; June 17, 2009 Confirmed as Record Date for Rights Offering  Jun 19, 2009
    The Company intends to use the proceeds of the rights offering primarily to support plans for its CoreCard subsidiary, including increasing marketing and sales activities and devoting additional resources to establish CoreCard's prepaid and credit card processing services. Some members of the management team and board of directors of the Company have indicated that they intend to participate in the rights offering. (Primezone Releases)

    Wells Fargo moves Wachovia credit-card processing to First Data  Jun 17, 2009
    Colorado s largest bank, has expanded its agreement for credit card processing services with to include credit accounts issued by Wachovia Corp., now owned by the bank. San Francisco-based Wells Fargo (NYSE: WFC) also will move its Private Label card accounts and its Personal Credit Management line-of-credit accounts to the existing Wells accounts serviced on First Data s system. (Denver Business Journal, CO)

    Retail Expert Likens National Retail Problem to George's Costanza's Manhood Issue on Classic Seinfeld Episode  May 23, 2009
    He searches the web, the world and the hood for the best deals for merchants and the latest issues affecting credit card processing and retailers. He'll help you get the best credit card processing deals and the latest scoop on processing companies ... credit card processing. (Yahoo News -- Press Releases)

    IISF stickers available  May 22, 2009
    "Most parks will be able to accommodate credit card payments this weekend as well, and staff are working to ensure that those parks currently without credit card processing capabilities are up and running as soon as possible. " Idaho's State Parks are located throughout the state. For a complete listing, visit. (Pocatello Idaho State Journal, ID)

    Sams sends workers to other companies  May 21, 2009
    With roughly 47 million members in the United States, Sam s Club serves more than 6,000 small businesses a day, providing health insurance, timekeeping solutions and merchant credit card processing services, as well as products, Doubleday said. The focus of the day is to get executives and managers shoulder to shoulder with members, Doubleday said Wednesday. (Tampa Bay Business Journal, FL)

    IPayment CEO files for Chapter 11  May 14, 2009
    The Nashville CEO of credit card processing company has filed for Chapter 11 bankruptcy after a multimillion dollar jury verdict against him. IPayment CEO Greg Daily filed a Chapter 11 bankruptcy petition with the United States Bankruptcy Court Middle District of Tennessee Monday, court records show. (Nashville Business Journal, TN)

    Air Canada reports 2009 first quarter results  May 8, 2009
    These are strong assets which can be deployed to help us through the short term and position us for long-term success," concluded Mr. Rovinescu. Pension Update -------------- As at December 31, 2008, the Corporation reported that the solvency deficit as at January 1, 2009 in the registered pension plans, which is used to determine funding requirements, was estimated to be approximately $3,200 million. During the first quarter of 2009, as a result of updated information regarding the annuity rate... (Canada Newswire)

    City Council members vote to remove 'no parking' signs on Heritage Row  Apr 28, 2009
    Contract engagement with Hamer Enterprises for on-line credit card processing. Lease agreement with Falls County for use of election equipment. (Marlin Democrat, TX)

    Privacy Statement  Apr 28, 2009
    We use a credit card processing company to bill users for goods and services. This company will also perform a card authorization and f. (Investors Business Daily)

    Intelligent Systems Corporation Announces Rights Offering  Apr 18, 2009
    The Company will use the proceeds of the rights offering primarily to support plans for its CoreCard subsidiary, including increasing marketing and sales activities and devoting additional resources to establish CoreCard's prepaid and credit card processing services. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. (Primezone Releases)

    Hotel threatens to call police on Conquest vacationers  Apr 17, 2009
    The company, which gave no warning about its financial difficulties, posted a statement on its web site Wednesday saying it would no longer provide flights or package holidays, blaming overcapacity, the recession, a price war among operators, and demands by the credit card processing companies. It had been operating for 37 years. (Globe and Mail -- National)

    Integrated Card Exchange and Peoples Trust to Launch Solution for the Canadian Market  Apr 17, 2009
    "Integrated Card Exchange has relationships with numerous Independent Sales Organizations in Canada and in the U.S. seeking solutions for merchants located in Canada. We believe that our selection of Planet Payment, which has a proven history of providing superior credit card processing solutions to banks and merchants internationally, and Peoples Trust, a leading Canadian provider of financial services, will allow Integrated Card Exchange to offer a powerful solution perfectly tailored to the... (PR Newswire)

    Let taxi drivers help steer new standards  Apr 14, 2009
    Without debate or input from those with years of experience in this business, the Hackney Division's director issued Rule 403 declaring standards on everything from credit card processing and cellular phone usage to proper attire and signage ... Already the limitations on credit card processing fees have driven two companies that provide equipment and service from the Boston market. (Boston Globe -- Editorial)

    Cash woes may force Air Canada's hand  Apr 8, 2009
    Air Canada AC.B-T will have to find a way to skate through a credit card processing agreement that requires the airline to maintain at least $900-million in cash, a restriction that some analysts say should raise red flags for investors ... He said the airline could renegotiate a waiver of the requirement for further deposits with the credit card processing company, averting a filing under the Companies' Creditors Arrangement Act. (Globe and Mail -- Business)

    Copyright and Trademark Notice  Apr 8, 2009
    We use a credit card processing company to bill users for goods and services. This company will also perform a card authorization and fraud check, but this company does not retain, share, store or use personally identifiable information for any secondary purposes. (Investors Business Daily)

    Mormon tradition stands out in hard times  Apr 2, 2009
    And before long, the nosedive in the economy choked off Wayne's business selling credit card processing machines. Then the couple got the worst news: She was diagnosed with breast cancer. (AZCentral -- News)

    Done deals: Businesses finding capital for growth  Mar 27, 2009
    For Rose, Fifth Third also handles cash management, credit card processing and private banking services. Part of Fifth Third s current strategy is to target the health care industry and it is reallocating resources to do that, said Brian Keenan, Florida president and CEO. Fifth Third s Florida officers have major input on deals in the community. (Tampa Bay Business Journal, FL)

    Omaha Man Helps Companies Trim Costs, Not Staff  Mar 26, 2009
    He said he can help companies find cheaper office supplies, cheaper phone service or, in Hosier's case, cheaper credit card processing fees. He helped Goodwill save $60,000. (7 KETV Omaha)

    Liveclicker to Host Industry's First Video Commerce Summit  Mar 25, 2009
    Worldwide provider of electronic commerce solutions, including real-time credit card processing and 900 phone billing. Custom Solutions for Sterling. (Yahoo News -- Press Releases)

    Twitter changes the playing field  Mar 23, 2009
    In the old days of software development, developers had to expend time and effort finding ways to get paid for application add-ons, either through credit card processing, Paypal, or, horror of horrors, cashing checks. No more: in-application purchasing goes through Apple's iTunes payment processing system and ends up in the developer's bank account once Apple has taken its 30 percent cut. (Boston Globe)

    ICICI may spin off ATMs, sales points  Mar 18, 2009
    Venture Infotek is a pioneer in outsourcing credit card processing in Indi. Read business stories in. (India Times)

    House Committee votes to permanently end property tax  Feb 25, 2009
    That makes Arizona particularly unattractive for manufacturing operations which, in general, pay higher than operations like credit card processing centers. Gov. Jan Brewer has yet to take a position on whether the levy should be repealed. (Douglas Daily Dispatch, AZ)

    Airlines expected to make it through 2009  Feb 24, 2009
    "In addition, the global economic downturn, potential increases in the amount of required reserves under credit card processing agreements, and the obligation to post cash collateral to secure loss positions on fuel hedging contracts, also pose challenges to our liquidity," the company said. AMR said its possible financing sources include debt secured by new aircraft deliveries and the sale of assets. (MSNBC -- Business)

    Massive Security Breach Could Impact Millions  Feb 24, 2009
    "It's extremely significant and its troubling that this credit card processing company had vulnerabilities that these criminals were able to exploit," said Levins. If you have questions or concerns you are urged to call your financial institution. (Honolulu Star-Bulletin)

    Credit union breach may affect 4,300  Feb 24, 2009
    A breach of a credit card processing system at St. Mary's Credit Union yesterday affected up to 4,300 customers and likely cost the business more than $20,000. Mastercard notified the credit union of the third-party breach and noted that up to 4,300 people could have been victims of it, said Tony Battista, the vice president of marketing at St. Mary's. (Marlborough Enterprise, MA)

    Endeavor Telecom CEO Justin McLain to Lead Session on Ways to Increase Channel Revenue at Channel Partners Conference & Expo in Las Vegas on March  Feb 23, 2009
    These services include physical security, access control, video surveillance, digital signage and media, ambient music, point-of-sale integration, and credit card processing. This session is open to all registered attendees. (Yahoo News -- Press Releases)

    Microsoft, Nokia offer app stores  Feb 17, 2009
    For one thing, Mr Cripps says, the personalised nature of the experience sets it apart - but users may not like the means of payment, including operator billing and credit card processing instead of Apple's all-in-one shop. Wait, backup. (BBC News -- Technology)

    Growth in the cards for Omega  Feb 11, 2009
    Anderson and McHugh had worked in the credit card processing business before going off on their own five years ago. They launched Omega in 2003 to handle what they saw as an underserved market: small and mid-sized companies. (Cincinnati Business Courier, OH)

    Intuit 'Stimulus Package' Offers Free Products and Services  Feb 10, 2009
    You can also save on credit card processing with QuickBooks Online Terminal. The service is free for the first six months, though transaction fees still apply. (SmallBusinessComputing)

    First Savings Financial Group, Inc. Reports 2009 First Quarter Financial Results  Feb 8, 2009
    Other operating expenses increased $176,000 for the quarter ended December 31, 2008 as compared to the same period in 2007 primarily due to increased officer and employee training expenditures, increased provision for loss on sales of repossessed assets, fees related to the curtailment and termination of the Bank's defined benefit pension plan, increased credit card processing fees and increased other miscellaneous operating expenses. The Company recognized a tax benefit of $409,000 for the... (Primezone Releases)


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