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Transaction Trends Online
In the May Issue of Transaction Trends:

 

Jul08_Cover

  • Masters of the Value Add
  • Building a Better Sales Force
  • The Case for Mobile 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!

 

 


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In The Spotlight
ETAU Online: New Course Available Now
ETA University's first-ever online course is now open for enrollment.

The course, Sales Channel Development, is presented in a multimedia format that includes testing. The course can be viewed at your own pace over a 90-day period and those who complete the course will receive a certificate from ETAU.

For full details or to enroll, click here .


Featured Stories

The Aegenis Group Renews Contract as Trainer for PCI-SSC
The Aegenis Group has re-signed with the Payment Card Industry Security Standards Council (PCI SSC) to be the worldwide trainer of Qualified Security Assessors (QSAs). The contract marks a renewal of the existing relationship between The Aegenis Group and the PCI-SSC. Last year, The Aegenis Group trained over 1,000 QSAs and the coming year should see almost 50% more trainees attending the sessions.

"The Aegenis Group's long experience with the security requirements of the Payment Card Industry and with the Payment Card Industry Data Security Standard (PCI DSS) make them a logical choice to conduct the training," said Robert Russo, General Manager of the PCI SSC. "We were pleased to renew the contract, as their deep knowledge of both the industry and the PCI DSS ensures that the training the QSAs receive will be consistent and comprehensive.

Read more...
CyberSource-Authorize.Net Deal Final
CyberSource Corporation, , a leading provider of electronic payment and risk management solutions, today announced that it has completed the acquisition of Authorize.Net Holdings, Inc. of Marlborough, Massachusetts. CyberSource first announced an agreement to acquire Authorize.Net Holdings on June 18, 2007. Requisite stockholder approvals have been obtained and all regulatory requirements have been met.

The acquisition was a stock and cash transaction valued at approximately $662 million, based on the closing price of CyberSource common stock on October 31, 2007. Under the terms of the merger agreement, Authorize.Net stockholders will receive 1.1611 shares of CyberSource common stock for every share of Authorize.Net common stock. Additionally, Authorize.Net stockholders will receive a pro-rata share of $125 million, or approximately $4.42 per share, in the form of a cash payment.

As a result of the acquisition, CyberSource now has approximately 217,000 customers, ranging in size from home-based businesses to some of the largest enterprises in the world. (PR Newswire)




TJX Breach Details Revealed
Attorneys suing retailer TJX have added to their original complaint, relying on newly discovered details regarding the company’s widely reported security breach.

In a news story in E-Week, it was revealed that TJX failed to comply with nine of 12 applicable PCI requirements and that the data thief managed to walk away with 80 gigabytes of data on TJX customers.

Read more...
TSYS to be Spun Off
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.


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