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Visa Risk Chief: Security Basics Are Still Overlooked
Throughout the U.S., many companies are still not covering the essentials when protecting their systems, but the enemy is getting increasingly sophisticated and relentless, Visa's risk chief said.
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TSYS' CIO, Ken Tye, will retire after 43 years with the company.
Ken Tye, senior vice president and chief information officer at Total Systems Services, will retire at the end of September, marking the departure of another long-time executive at the Columbus, Ga.-based processor. more »
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Atlanta-based Global Payments has entered an agreement to buy the European online payment gateway Realex Payments. more »
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Zumigo, an identity provider, is expanding the reach of its mobile location verification service to online merchants. more »
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Merchant acquirers are required to respond to mobile's impact in an almost infinite number of ways, and in many cases deem acquisition the best and fastest play to diversify beyond payments. more »
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Some "friendly fraud" is more manipulative than friendly. Global Risk Technologies wants to help merchants appeal more chargebacks and get back some of the billions of dollars lost to friendly fraud. more »
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Moneris Solutions Corp. was chosen to handle all payment processing for the Government of Canada, the company announced March 19. more »
BMO Harris is adding cardless ATM access to 750 machines, enabling customers to withdraw cash using a smartphone application instead of a plastic card. more »
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It's become apparent that more organizations are attaining PCI compliance, but far fewer can stay in compliance for a reasonable period of time. more »
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Like a Hollywood star making the rounds before a premier movie date, Visa and other organizations are going on tour to promote EMV-chip card technology ahead of the October deadline set for U.S. companies. more »
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Cardtronics is expanding into Poland by deploying 50 ATMs at Polish service stations and another 50 machines at convenience and grocery stores by May. more »
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The merchant acquiring industry faces continuing pressure from shrinking margins and disruptive competitors, but it has used the past five challenging years to seek out a position of strength. more »
Square has boosted its technology capabilities while expanding its presence in Canada through the acquisition of Toronto-based Kili Technology Corp. more »
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Merchants and consumers are more mindful of security than ever, but there is still much work to be done to educate them on how to protect account data and prepare for the shift to EMV-chip cards. Fortunately, the industry has help. The ETA, which recently appointed Wells Fargo exec Debra Rossi as its president, is welcoming more technology companies to its ranks to help members adapt to the shifting competitive landscape.
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