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Posted by admin on Feb 16, 2010

 

Hotels and resorts are the biggest targets of criminals intent on stealing card data. Trustwave released a 2010 Global Security Report which contains information drawn form the company’s investigations of over 200 security breaches in the past year.For a period of time, restaurants were the most..

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Posted by admin on Feb 10, 2010

 

Charge-offs on credit card rose about half of a percentage point in November, according to Moody’s Investors Service This ended the slight improvement in chargebacks trending which happened for the two months prior.  The credit card delinquency rate in November rose to 6.2%.  The charge back..

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Posted by admin on Feb 02, 2010

 

According to consulting firm, the TowerGroup, nearly $5 billion of money on gift cards will go unspent.  This is known as breakage.An example of breakage is the $10 left unspent on a card if you spend $40 out of the $50 on on the card.  Breakage also occurs if a card is lost or misplaced,..

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Posted by admin on Jan 27, 2010

 

Electronic payment processing card fraud cost $8.6 billion in 2008. The fraud rate, was 0.4% of $2.1 trillion in total charge volume in 2008.A new report about fraud management from Aite Group says that end-to-end encryption of cardholder data during an electronic payment processing transaction is..

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