|
|
Transaction Trends Online |
|
In the May Issue of Transaction Trends: 
- Navigating a New Economic Landscape
- Building a Compliance Safety Net
- Pro & Con: Alternative Payments
- And much more...
Visit the Transaction Trends Web Site
Advertise in Transaction Trends Need to reach the most powerful audience in the acquiring industry? Download our media kit and get started right away!
|
|
|
In The Spotlight |
|
Our new online Forums are up and running. Come and join the discussions on a wide range of topics, from White Papers to Technology to Transaction Trends articles. Forums require separate registration. Click here to see what's the hot topic today!
|
|
Featured Stories
Processing powerhouse TSYS will become an independent public company under a plan unveiled by SYNOVUS, which currently owns about 80 perxcent of outstanding TSYS shares. Under the plan, holders of SYNOVUS shares will each receive a proportionate share of the TSYS stock held by SYNOVUS.
Officials of both companies say the change in status will not lead to siugnificant changes in the identity or operations of TSYS, which will remain headquartered in Columbus, GA.
|
|
|
Visa to Push on Compliant Applications |
Beginning January 1, 2008, Visa will implement a series of mandates to eliminate the use of non-secure payment applications from the Visa payment system. These mandates require acquirers to ensure their merchants and agents do not use payment applications known to retain prohibited data elements and require the use of payment applications that adhere to Visa’s Payment Application Best Practices (“PABP”). PABP-compliant applications help merchants and agents mitigate compromises, prevent storage of prohibited data and support overall compliance with the Payment Card Industry Data Security Standard (“PCI DSS”) and the Visa U.S.A. Inc. Operating Regulations. A list of PABP-validated applications is available at www.visa.com/pabp.
Vulnerable payment applications have proved to be the leading cause of compromise incidents, particularly among small merchants. Visa U.S.A. Inc. Operating Regulations prohibit the storage of the full content of any magnetic-stripe, CVV2 or PIN data and require compliance with the PCI DSS. Merchants and agents that use payment applications that store prohibited data or have inherent security weaknesses will not be compliant with the PCI DSS and are at high risk of being compromised.
|
|
|
Treasury Seeks Proposals for Switching to Electronic System |
The U.S. Treasury asking for proposals to help it bring part of its operations into the electronic age. From the official notice:
The Financial Management Service (FMS), U.S.
Department of the Treasury, is soliciting proposals from commercial banks that
are interested in becoming the developer of the Over the Counter (OTC) channel
application and service provider for the day to day management of the
Government's OTC channel.
FMS seeks a dynamic service provider with a
pioneering spirit and a culture that supports excellence, to lead a revolution
in the way in which the Government conducts OTC revenue collection. This
solicitation represents an opportunity to transform the OTC revenue business
line from an aged paper based, multi-system business model, to a web enabled
retail business model that we envision will serve as the benchmark for the
business world. FMS requests that interested and eligible Financial
Institutions (as defined in the notice) capable of providing these services to
the Federal Government respond with a proposal, in accordance with the
requirements specified in the notice.
The full notice can be found here.
|
|
| | << Start < Previous 1 2 3 4 5 6 7 Next > End >>
|
|
|
Keeping Up With ETA |
Committee Application Deadline Is Now May 12
If you would like to be considered for membership on one of ETA's standing committees, now is the time to put your hat in the ring. The deadline for applications has been extended to May 12, 2008.
Committee applications for the 2008-2009 program year were distributed in the ETA packet at the Annual Meeting and by email. To be considered for a committee position, you must return the application by May 12, 2008.
For a committee application, click here.
|
|
|
ETA Members Only |
Login here to access your member information, membership status and member-only content.
|
|
Upcoming Events |
|
Strategic Leadership &
Networking Forum
October 21-23, 2008
Chicago, IL 2009 ETA Annual
Meeting & Expo
April 21-23, 2009 Las Vegas, NV |
|
|
Tel: 202.828.2635