Search for: "First Data Merchant Card Processor"
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4 Mar 2014, 3:06 am
First Data Merchant Services Corp., No. 11-CV-4743, 2014 U.S. [read post]
3 Mar 2014, 2:30 pm
The warning, made Friday by First American Bank, comes amid the high-profile hack on the corporate network of Target that led to the compromise of credit card data for 40 million customers. [read post]
6 Dec 2013, 5:38 am
Instead, First Data is a payment processor: it processes transactions for merchants and independent sales organizations. [read post]
20 Feb 2013, 8:33 am
Global Payments later disclosed that Track 2 data (card number, expiration date, verification code but not cardholder name or address) of 1.5 million cardholders were taken. [read post]
23 Apr 2012, 3:39 pm
More information to more companies Mobile payment services can expose consumer data to several companies that were not included in traditional credit card transactions. [read post]
5 Apr 2012, 12:29 pm
The merchants? [read post]
11 Jan 2012, 3:47 pm
Under the PCI system, the banks and card processors that process transactions for merchants are fined, not the merchants and retailers themselves. [read post]
8 Jan 2012, 7:53 pm
The speed with which electronic transactions are processed can vary depending on the technology of the retailer, the network and the data processors used by the bank. [read post]
25 Dec 2011, 8:12 pm
If merchants or processors have a business reason to store front-card information, such as name and account number, PCI DSS requires this data to be encrypted or made otherwise unreadable Each credit card company has its own rules and penalties. [read post]
8 Dec 2011, 6:58 pm
The court first found that to the extent that Heartland purported to guarantee absolute data security, reliance would be unreasonable as a matter of law. [read post]
2 Dec 2011, 5:57 am
First Data has business operations in 35 countries and serves more than 6 million merchant locations, thousands of card issuers and millions of consumers worldwide. [read post]
2 Sep 2011, 7:59 am
Now, because of ‘Section 6050W’, all merchants and processors of merchants’ credit card payments have to report all payments passed through their systems, significantly increasing the regulatory burden on banks and merchant processors. [read post]
19 Aug 2011, 2:00 am
A computer readable medium containing program instructions for detecting fraud in a credit card transaction between a consumer and a merchant over the Internet, wherein execution of the program instructions by one or more processors of a computer system causes the one or more processors to carry out the steps of: a) obtaining credit card information relating to the transactions from the consumer; and b) verifying the credit card information… [read post]
29 Jul 2011, 11:39 am
The FTB estimates that in the first year for the VCI the state will collect approximately $270 million. [read post]
28 Jun 2010, 12:34 pm
They used this information — along with federal tax ID numbers stolen from legitimate companies with similar names — to apply for more than 100 merchant accounts with credit card processors, such as First Data. [read post]
7 Apr 2010, 5:48 pm
And merchant processors such as First Data and Global Payments, which have joint ventures in China with British banks Standard Chartered and HSBC respectively, can't compete with CUP and Chinese banks providing domestic card acceptance to merchants. ... [read post]
4 Mar 2010, 11:30 am
Last year’s Heartland Payment Systems’ spectacular data breach stemmed from errors that allowed hackers to break into the payment processor’s networks and steal data on approximately 130 million credit and debit cards over several months. [read post]
8 Dec 2009, 9:04 pm
The processor discovered the activity because the balances didn't match the amounts the merchants who sold the cards had recorded as deposits into the accounts. [read post]
16 Jun 2009, 7:23 am
Critics have noted that other payment card processors that suffered significant data breaches, such as Heartland Payment Systems, were also listed by VISA as service providers that were compliant with PCI DSS, which is the consolidated industry standard developed by the major payment card companies. [read post]
1 Jun 2009, 9:00 pm
CISP was developed by Visa, which required card processors and merchants that handled Visa transactions to certify through an auditor that they met a list of standards that included such things as installing firewalls and encrypting data. [read post]
