» Publisher's Corner
Calvin D Johnson MAKING A LIST AND CHECKING IT TWICE……

Every time a massive data theft or a security breach happens in the Transaction Processing Industry, I keep kicking myself for not starting up a list of all such compromises that I once promised myself I would start! The most recent major security snafu, which I think is also the largest one to date, involved the theft of 26.5 million records containing the personal information of U.S. veterans.

TPAtlanta discussed this particular security breach in last month's issue. In fact, the day before we went to press last month, the stolen Veteran's Administration PC was recovered by authorities, although government officials are being extremely reticent about how and where this PC was recovered. They are only reporting that it appears, at least to date, that none of the veterans whose personal data was on this PC have been victimized. So, it seems yet another close call has been averted. Don't you feel safer now?

However, no sooner was this VA PC located than another public agency PC went AWOL!

A laptop containing personal information from thousands of blood donors - including Social Security numbers and medical information - was stolen from a Dallas, Texas office of the American Red Cross, but officials said the information was encrypted.

The data included matching names and birth dates of donors from Texas and Oklahoma, as well as donors' sexual and disease histories.

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Calvin D. Johnson, Publisher
publisher@tpatlanta.com
Trans Atlantic Systems, Inc.

   » Editorials/People

Google Wins Points with Retailers, But Consumer Reaction Unclear  

The product has been available for only two weeks, but Google Inc.'s online payment service has already won considerable favor with at least some Internet merchants and companies that process online transactions.
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MasterCard Empowering Banks to Expand Their Reach around the World; Announces Integration of all Authorization Transactions on a Single, Global Platform 

Banks wanting to expand across borders and offer customers new services through emerging payment technologies have received a boost with an announcement by MasterCard of major upgrades to its global authorization processing platform.
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   » Main Story
Consumer groups blast Fed credit card report

Credit Card

A new Federal Reserve report that finds little evidence that card issuers are offering credit to consumers "indiscriminately" has triggered criticism from consumer groups, who say the report is unduly protective of banks.

In its report, the Fed wrote that "as a matter of industry practice ... card issuers do not solicit customers or extend credit to them indiscriminately" without assessing their ability to repay.

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   » Feature Stories
Workers sue over use of Social Security numbers as IDs
Business people

Concerns about identity theft prompted a group of nine Union Pacific employees to sue the nation's largest railroad over the way it uses Social Security numbers to identify employees.
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Retailers want a place in your wallet

No interest or payments for a year! 25% off purchase! Free gift cards! The latest lures to open store credit card accounts can certainly be alluring. And there's no shortage of offers.
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   » Earlier this week
Fidelity National Information Services Launches Back Office Processing Operation in Brazil

Fidelity, a global provider of technology services to financial institutions, announced that it has established a back-office outsourcing and item processing operation in Brazil. Click here for more..

CompuCredit To Announce 2nd Quarter 2006 Results on August 2nd

CompuCredit Corporation will announce its second quarter 2006 results on Wednesday, August 2, 2006, after the market closes.Click here for more..

Synovus Announces the 2006 Jack Parker Scholarship Recipients

Synovus the Columbus, Georgia-based diversified financial services company, announced the recipients of the 2006 Jack Parker Scholarships.Click here for more..

Global Payments to Announce 4th Qtr and Year-End Earnings on July 28th

Global Payments Inc. a leader in payment processing services, will release fourth quarter and year-end financial results for fiscal year 2006 before the market opens on Friday, July 28, 2006.Click here for more..

EuroConex and Card Commerce Partnership Provides Customers Access to Lucrative Giftcard Market

EuroConex and Card Commerce announced a partnership agreement that will see Card Commerce's PayPlus OnDemand giftcard service made available to euroConex's network of merchants across Europe.Click here for more..

   » Industry News
TSYS Acquires Card Tech Limited

TSYS has announced the acquisition of Card Tech, Ltd., a London-based payments firm that has implemented its payments software for six of the 25 largest global banks. Click here for more..

ChoicePoint® Announces Intent to Divest Businesses;Provides New Segment Reporting Structure

ChoicePoint announced its intent to divest various businesses resulting from its company-wide strategic review.
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CompuCredit Expands Pegasystems Relationship

CompuCredit has committed to use Pegasystems Business Process Management (BPM) solution for its call center network covering 1000 seats.
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TravelGuru Signs Agreement with TRX for RESX Distribution in India.

TRX, Inc. and D.V. Travels Guru Private Limited (Travelguru), today announced they have established a distributor relationship for TRX's RESX Online Booking tool.
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Synovus Reports 18.9% Increase in Net Income for Second Quarter 2006

Synovus' second quarter earnings grew 18.9% over the second quarter 2005 to $152.8 million, which represented earnings per share growth of 15.0% to $.47 per share, Synovus' Chief Executive Officer Richard E. Anthony announced.
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