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TWO OUT OF THREE HOLIDAY SHOPPERS WILL BUY ONLINE - AND ALMOST HALF WILL MISS OUT ON THE BEST DEALS
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New Harris Interactive Survey Projects Record Number of Online Shoppers for the Holidays; Millions Will Waste Time and Money
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Posted: Tuesday, November 30, 2004
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CEO AMERICA INC. AND HYPERCOM'S HBNET TEAM UP TO SPEED INNOVATIVE LOYALTY PROGRAM FOR ISSUERS
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Creditz Digital Currency Card Gets High Speed and Security with HBNet Transaction Network
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Posted: Tuesday, November 30, 2004
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CHECK YOURSELF: NEW ACT SPEEDS UP CHECK PROCESSING
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Goodbye carefree debit spending, hello balanced checkbooks.
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Posted: Tuesday, November 30, 2004
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CHAPTER 3. MAGNETIC STRIPE TRACKS
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The width of a magnetic stripe track is standardized at about one-tenth of an inch, but as you have likely noticed, most magnetic stripes are wider than this.
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Posted: Tuesday, November 30, 2004
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NEW SERVICE PUTS VISA AND MASTERCARD'S SECURITY STANDARDS WITHIN REACH OF ALL MERCHANTS
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ScanAlert's Affordable Self Service Security Program Enables All Merchants to Meet CISP and SDP Requirements
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Posted: Tuesday, November 30, 2004
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DEBIT CARDS: THE PAYMENT METHOD OF CHOICE FOR MANY CONSUMERS
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A recent Harris Poll conducted for Visa USA showed when it comes to buying an article of fall clothing, such as a sweater or jeans, nearly half of the 1,562 people surveyed said they were most likely to use a debit card.
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Posted: Sunday, November 28, 2004
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A PREFERENCE FOR PLASTIC
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Debit and credit cards offer millions of shoppers benefits beyond convenience.
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Posted: Sunday, November 28, 2004
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CARD FRAUD’S STING IN THE TAIL
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CREDIT card issuers take the financial rap for fraud, accepting liability if a customer confirms that payments made on his or her card are fraudulent. But credit cardholders who have fallen victim should stay on the alert, even after they think the problem has been resolved.
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Posted: Saturday, November 27, 2004
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ONLINE IDENTITY THEFT: MANY MEDICINES, NO CURE
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Anti-phishing applications, smart cards, and new authentication technologies are vying for your support.
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Posted: Friday, November 26, 2004
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STORES USE GIMMICKS TO BOOST SALES
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Retailers move past bargains and offer wake-up calls and free manicures to shoppers today.
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Posted: Friday, November 26, 2004
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SURVEY REVEALS MANY CONSUMERS DREAD HOLIDAY SHOPPING
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Discover Card offers stress busters in gift card, Web site, double Cashback Bonus
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Posted: Thursday, November 25, 2004
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ACTION 9: BUSINESS CRIPPLED BY USELESS CREDIT CARD MACHINE
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Imagine owning a small business and telling your customers, 'Sorry, we can't take credit cards.'
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Posted: Wednesday, November 24, 2004
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DEBIT NATION: HANDY CARDS OVERTAKING OTHER FORMS OF PAYMENT
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When Palmerin Perez goes shopping, she will not leave home without it - but it is not the American Express card.
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Posted: Sunday, November 21, 2004
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HOW THINGS WORK: CREDIT CARDS
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You press 'CREDIT' and swipe your card. You leave with $50 worth of groceries, and you haven't had any cash on your person all day. The merchant knows he'll get your $50, however. Likewise, you can order your textbooks from a web site, and your order can ship within minutes of it being received — you don't even have to have a checking account.
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Posted: Saturday, November 20, 2004
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THE WONDERFUL WORLD OF WIRELESS
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Rapidly evolving technology is increasingly making this a wireless world. We're seeing new advancements in wireless technology, which is progressively becoming a sensible choice for many merchants.
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Posted: Friday, November 19, 2004
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EQUITABLE CARDNETWORK AND JCB LAUNCH EASYPAY JCB CARD IN THE PHILIPPINES
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JCB, a leading international credit card brand, is pleased to announce that Equitable CardNetwork, Inc. (ECN), the Philippines largest credit card company launched the EasyPay JCB Card on November 14, which is specifically designed to appeal to the ordinary worker.
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Posted: Thursday, November 18, 2004
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VISA'S RECENT CHARGEBACK REASON CODE CHANGES
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Visa U.S.A.'s Re-engineering Disputes (RED) project is an ongoing effort to streamline and simplify the chargeback process. As part of this effort, effective October 2004, Visa revised its operating regulations, including changes to its chargeback reason codes.
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Posted: Thursday, November 18, 2004
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THIS COMPANY PUTS THE 'P' IN PREPAID PROCESSING
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Focusing on the P's in the prepaid market, EWI Holdings Inc., a privately held and institutionally backed company, provides payment processing services for prepaid transactions at the point of sale through the use of a personal identification number (PIN).
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Posted: Thursday, November 18, 2004
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SEAA TRIUMPHS OVER JEANNE
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This year's regional acquirers' shows have all been great successes, and the Southeast Acquirers' Association's (SEAA) 4th Annual Information and Educational Conference titled, What's Your Game Plan? was no exception.
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Posted: Thursday, November 18, 2004
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INDUSTRY UPDATE
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Posted: Thursday, November 18, 2004
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CHECKS AND BALANCES
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Money: Understanding how the new 'Check 21' will affect you and your bank.
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Posted: Thursday, November 18, 2004
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FREESTAR'S SUBSIDIARY RAHAXI PROCESSING EXPANDS ITS MERCHANT ACQUIRING CAPABILITIES
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FreeStar Technology Corporation today announced that its wholly owned subsidiary Rahaxi Processing Oy and SEB Kort AB, through its business unit Euroline, have entered into an agreement that allows Rahaxi to expand its merchant acquiring capabilities. This agreement expands across the Pan European region and includes multiple currency capabilities.
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Posted: Thursday, November 18, 2004
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STOLEN DEBIT CARD NUMBERS COULD AFFECT 12,000 LOCALLY
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Two credit unions and two banks have warned more than 12,000 local customers that their Visa USA debit card numbers might have been stolen.
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Posted: Wednesday, November 17, 2004
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ASIA PAY SIGNS WITH MAX TO ONE CO., LTD. FOR CREDIT CARD PROCESSING SERVICES IN JAPAN
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Asia Payment Systems, Inc. is pleased to announce today that it has signed a Memorandum of Understanding for credit card processing services in Japan with MAX TO ONE Co., LTD. ('MTO'), a Japanese company based in Tokyo.
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Posted: Wednesday, November 17, 2004
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AMERICAN EXPRESS SUES CREDIT CARD COS.
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Travel and financial services giant American Express Co. on Monday sued Visa and MasterCard as well as eight banks for damages stemming from anticompetitive practices that prevented American Express from issuing cards through U.S. banks.
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Posted: Tuesday, November 16, 2004
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PULSE EFT ASSOCIATION TO MERGE WITH DISCOVER FINANCIAL SERVICES
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New Combination of PULSE and Discover Networks Will Offer Full Range of Payment Products and Services to Financial Institutions, Merchants and Consumers
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Posted: Tuesday, November 16, 2004
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TO DEBIT OR NOT TO DEBIT, ANOTHER FEE QUESTION CONSUMERS ARE ASKING
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A new ATM fee will start in 2005 for Old National Bank Customers in Indiana. Other 'fee hungry' banks are not far behind.
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Posted: Tuesday, November 16, 2004
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VERIFONE AND MCAFEE, INC. TO PROTECT POINT-OF-SALE TERMINALS FROM VIRUS THREAT
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VeriFone, Inc., the leading provider of payment solutions, and McAfee, Inc., the leading provider of intrusion prevention solutions, today announced an agreement to jointly develop the point-of-sale (POS) payment terminal industry's first virus protection solution.
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Posted: Sunday, November 14, 2004
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CREDIT CARD CENTER ON WAY OUT
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Capital One will close its Federal Way facility, eliminate 260 jobs
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Posted: Wednesday, November 10, 2004
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MERCHANT ACCOUNT OFFER FOR SEASONAL CREDIT CARD PROCESSING
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To all merchants looking for a seasonal merchant account for their credit card processing needs - Merchant Account Offers (http://www.merchantaccountoffers.com) can setup your business with a 90 day term merchant account to accept Visa, MasterCard and bank ATM Debit cards!
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Posted: Wednesday, November 10, 2004
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FIRST DATA TO EXPAND RELATIONSHIP WITH CAPITAL ONE
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Electronic commerce and payments
leader First Data Corp. today announced that it has signed an agreement to provide production services functions to Capital One Financial Corporation.
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Posted: Wednesday, November 10, 2004
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VISA TO REPLACE DEBIT ACCOUNTS
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Thousands of debit cards account numbers are being replaced after Visa USA discovered that account information might have been compromised.
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Posted: Wednesday, November 10, 2004
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SUPREME COURT DECIDES AGAINST VISA, MASTERCARD IN SIX-YEAR ANTITRUST SUIT
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It's being hailed as a victory for the free market and consumer choice. Ending six years of litigation, on Oct. 4, 2004 the U.S. Supreme Court issued a decision by refusing to hear an appeal in the antitrust suit brought against Visa U.S.A. and MasterCard International by rivals American Express Co. (AmEx) and Morgan Stanley's Discover Card.
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Posted: Wednesday, November 10, 2004
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GS ADVISORY BOARD SPEAKS OUT ON ETA'S DIRECTION
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The Green Sheet Advisory Board (AB) is a group of volunteers who represent a cross-section of our industry, from merchant level salespeople (MLSs) to the biggest processors and vendors. Each member of this group has agreed to "give back" to this industry through participation in the AB.
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Posted: Wednesday, November 10, 2004
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THE MOST AFFORDABLE PROTECTION FROM CHARGEBACKS AROUND
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It seems that every month a new POS application or gadget hits the market. Sometimes we become so focused on technological advancements or the latest development in real time card processing that we forget the basics.
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Posted: Wednesday, November 10, 2004
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NETIFICE COMMUNICATIONS MEETS CROSS-CERTIFICATION REQUIREMENTS FOR AMERICAN EXPRESS' DATA SECURITY P
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Netifice VPN Services Meet Strict Criteria for Secure Credit Card Processing
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Posted: Wednesday, November 10, 2004
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WHAT EVERY BUSINESS SHOULD KNOW ABOUT ACCEPTING CREDIT CARDS
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Understanding Merchant Accounts
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Posted: Wednesday, November 10, 2004
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INDUSTRY UPDATE
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First Data to Provide Services to Peoples Trust
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Posted: Wednesday, November 10, 2004
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BLACKLIST TRICK OR TREAT: MATCH LIST HORROR STORIES
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For merchants, processors and ISOs/merchant level salespeople (MLSs), entering into a new banking relationship in the acquiring business is a lot like going trick or treating on Halloween; they never know if they will walk away with a goodie or a MATCH listing 'trick.'
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Posted: Wednesday, November 10, 2004
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KMART LAUNCHES THE KMART REWARDS CREDIT CARD
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Retailer's Private Label Card in Partnership with HSBC Retail Services Provides Customers Loyalty Benefits and Builds Direct Marketing Opportunities for Retailer
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Posted: Monday, November 08, 2004
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ATLANTA WILL BE TEST SITE FOR HEALTH CARD
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Transaction titan First Data will put credit-card machines in doctors' offices
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Posted: Monday, November 08, 2004
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CITIGROUP COMMENTS ON CREDICARD GROUP PARTNERSHIP CHANGES
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As announced earlier today, Citibank Brazil said that it will increase its ownership stake in Credicard, Brazil's leading credit card company, from 33 percent to 50 percent, further demonstrating Citigroup's commitment to and confidence in Brazil and enhancing its leading international credit cards position.
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Posted: Monday, November 08, 2004
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PRECAUTIONS CAN EASE TRANSITION TO E-CHECKS
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New system has a quicker turnaround, which a need to be sure there's enough money in your account.
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Posted: Monday, November 08, 2004
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FINANCIAL SERVICES PROVIDERS MUST BETTER REPORT CYBERCRIME
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The recent U.S. Secret Service arrest of alleged cybercriminals shows why financial service companies must proactively disclose cybercrimes to consumers affected.
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Posted: Saturday, November 06, 2004
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KEEPING CHECKING ACCOUNT IN CHECK
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Review Your Checking Account to Avoid Costly Mistakes
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Posted: Saturday, November 06, 2004
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CHECK 21: MORE CONVENIENCE, NEW RISKS
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A new federal law went into effect Oct. 28. Called 'Check 21', it will likely change how your checking account works, and how your money changes hands when you write a check.
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Posted: Saturday, November 06, 2004
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FREESTAR'S SUBSIDIARY RAHAXI PROCESSING OY. READY FOR EMV IMPLEMENTATION ON JANUARY 1, 2005
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FreeStar Technology Corporation today announced that its wholly owned subsidiary Rahaxi Processing Oy. has upgraded its systems to meet and surpass card industry best practices in order to comply with both Finnish-specific and Swedish-specific EMV mandates ahead of the current January 1, 2005 implementation date.
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Posted: Saturday, November 06, 2004
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CHECK THOSE CREDIT CARD STATEMENTS
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Responsible use of a credit card requires more than just plunking down a piece of plastic when you make a purchase and sending in a check or online payment every month to zero out your balance.
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Posted: Thursday, November 04, 2004
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SMARTPAY LAUNCHES PAYMENT SERVICES IN CHONGQING
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Electronic Payment Services Brought to Mobile Subscribers in Chongqing
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Posted: Thursday, November 04, 2004
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MASTERCARD ANNOUNCES ONESMART RETAIL AND ROLLOUT WITH SPRON IN ICELAND
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MasterCard International
today announced its new OneSMART MasterCard Retail package and
announced the first roll-out of the programme by a MasterCard member, expected
later this year, using Welcome Real-time's XLS software solution.
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Posted: Wednesday, November 03, 2004
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DEBIT CARDS CAN BE RISKY
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When you purchase an item with a credit card and that item turns out to be defective, you have a right to withhold payment until the issue is resolved.
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Posted: Wednesday, November 03, 2004
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VERIFONE INTRODUCES NEXT-GENERATION VX SOLUTIONS
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High Performance Line Provides Smooth Migration Path, Faster Processor Certification; Opens New Markets and Simplifies Merchant Adoption.
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Posted: Wednesday, November 03, 2004
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MASTERCARD INTERNATIONAL REPORTS DOUBLE DIGIT GDV GROWTH IN THIRD QUARTER OF 2004
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Worldwide Purchase Volume Up 11.1% For Both Credit and Offline Debit
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Posted: Tuesday, November 02, 2004
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HOW SAFE IS YOUR BANK?
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Failure is one thing, but fraud is another
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Posted: Tuesday, November 02, 2004
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CHIP AND PIN COMPLIANCE IN DISARRAY
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Thousands of traders who use portable credit card swiping machines have been told that, contrary to marketing promises, they will not work with the new chip and pin cards.
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Posted: Tuesday, November 02, 2004
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ASIA PAY LANDS APPROVAL FROM BEIJING GOVERNMENT FOR BEIJING REPRESENTATIVE OFFICE LICENSE
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Asia Payment Systems, Inc. is pleased to announce today that it has received approval from the Beijing Municipal Government for a Representative Office License for Asia Payment Systems.
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Posted: Tuesday, November 02, 2004
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CHECKING SYSTEM GOING ALL-ELECTRONIC
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New rules let banks forgo costly paper processing
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Posted: Tuesday, November 02, 2004
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