Payment Cards
Payment cards: Malaysia imposed credit card tax
The Malaysian government has taken the unusual step of imposing an annual "service charge" on each credit card, it was announced in last week's budget.
Payment Cards: Central Bank of India, Rev and MasterCard join for new products
The Central Bank of India is not India's Central Bank. That's a role reserved for The Reserve Bank of India. Fortunately, new payment card products are a lot less confusing. But they do raise some worrying issues.
Payment Systems: USA's SEC alleges pre-paid debit cards used in ponzi scheme
The USA's Securities and Investment Commission has obtained an emergency order against David F. Merrick, a resident of Apopka, Florida, Traders International Return Network (“TIRN”), MS, Inc., GTT Services, Inc., MDD Consulting, Inc. and Go ! Tourism, Inc. based in part on allegations that Merrick set up a pre-payment card service as an integral part of a ponzi scheme.
Payment Cards: largest card theft ever was by informant
28 year old Albert Gonzalez has been charged with hacking computer systems and stealing details of 170 million credit cards. Embarrassingly, he was a registered informant for the US Secret Service.
Payment cards: RBS WorldPay and VeriFone take card data out of merchants' hands
While the USA continues to dither over chip and PIN cards, plans are afoot to remove the number one source of payment card compromise: data in the hands of merchants.
Payment Cards: ATM card switching scam is new threat.
Newspaper reports in Malaysia describe an ATM threat that could soon become widespread.
Payment cards: UK card fraud blamed on Tamil Tigers
An officer at the Sri Lankan High Commission in London says that supporters of the Tamil Tigers are funding legitimate businesses - and then forcing them to skim credit cards to provide funds to support the terrorist organisation in Sri Lanka.
Payment Cards: Weakness in Singapore security breached in Malaysia
Report in local media quote Malaysian police as having arrested several people in an audacious raid on the credit card system in Singapore.
Credit Card Spam: we told you so
A few days ago, we warned that the marketing campaign begun by several large credit card companies would lead to spam promoting their wares, and even told you precisely how they would ensure that the credit card companies would not directly connect these referrals with spam. It's already happening for "US Platinum", widely promoted by spam in the past few days: and the man behind it is at best dodgy.
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