cardsystems solutions inc.

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That's a lot of credit cards

The TJX data breach story keeps growing. I hope everyone can tell the difference between a false alarm data breach like the laptop theft at the VA that got so much attention and the Card Systems International breach and now the TJX incident. Thanks to California 1386 companies...

Tags: credit card, CardSystems Solutions Inc., TJX, gift certificate

Blog posts 2007-03-22

Outsourcing and the debit card hack

Last Friday reports surfaced of a massive series of consumer debit card frauds affecting Citibank, Bank of America, Wells Fargo, Washington Mutual, and others in Canada, Russia, the U.K. and the U.S. Here's how Techweb's Gregg Keizer wrote up some key comments by Gartner's Avivah Litan: In this case,...

Tags: outsourcing, debit card, CardSystems Solutions Inc., processor

Blog posts 2006-03-15

FTC slaps CardSystems

Add another one to the list that the FTC has slapped with onerous requirements for undergoing security audits for the next 20 years. Previously, both BJ Wholesale and ChoicePoint suffered the ire of the FTC for inadequate security over customer data. Now it is CardSystems. It seems a...

Tags: security, FTC

Blog posts 2006-02-24

CardSystems to be sold to CyberSource

End of the line for a credit card processor. Will Visa and Mastercard allow CyberSource to process their transactions?From Reuters: NEW YORK, Sept 23 Reuters - Electronic payment company CyberSource Corp. (CYBS.O: Quote, Profile, Research) said on Friday it intends to buy assets of CardSystems Solutions Inc., the credit-card...

Tags: CyberSource Corp., CardSystems Solutions Inc.

Blog posts 2005-09-26

CardSystems says it faces 'imminent extinction'

CardSystems says it faces 'imminent extinction'GoodIf there's not extreme penalties, businesses won't pay attention to security. It's only a cost center otherwise, why do you need it? Customers won't care if they don't know, let's just let it slide.As is should be !SCUMBAGS !This is exactly howa free market is...

Tags: Financial services, payment processor, Perry, CardSystems Solutions Inc.

Discussion threads 2005-07-22

Details emerge on credit card breach

Details emerge on credit card breachScary thoughts...It's very scary to think that financial institutions would run IIS 5. THE most hacked web server on the planet.The jokers running their IT should be hanged....unless they were in on it? (No accusations, just wondering out loud).Details emerge on credit card breachThis story...

Tags: Microsoft Windows 2000, Sales channel, Financial accounting, Financial services, SECURITY, Operating systems, CardSystems Solutions Inc., MasterCard International, Microsoft IIS Server, credit card, financial, Microsoft Windows

Discussion threads 2005-06-20

This is Bad, very very Bad

And the credit card associations know it is. While else whould you wait for the markets to close on a Friday to announce it? This is *not* another "oops, someone lost our back-up tapes" incident. This incident started when banks started to report an upswing in fraudulent transactions. The...

Tags: This is Bad, credit card, CardSystems Solutions Inc.

Blog posts 2005-06-18

Additional Resources

Visa deals with possible data breach

Visa deals with possible data breachUn huh...Sure whatever Visa says...What those who handle credit cards and personal info. understand best is a very stiff fine - as in tens of millions or more. THEN they manage to implement appropriate security procedures.US BankWhy is it that we "have not heard" of...

Tags: Financial services, Sales channel, Social Security, Visa Inc., apartment, bank, credit card

Discussion threads 2005-12-24

How Innovative Day-to-Day Technology Operations Will Improve Your PCI Ranking

The Payment Card Industry Data Security Standard prescribes a 12-step program with explicit requirements to protect cardholder information. It also includes security audit procedures that must be validated by a PCI authorized third-party assessor. The PCI-DSS requirements apply to PCI acquirers, merchants, and service providers' inability to prove compliance can...

Tags: Security, Security Audit, Payment Card Industry Data Security Standard, PCI, Storage, Hardware

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