| » Publisher's Corner |
AND THE HITS KEEP ON COMING……….
Here we go again!
No sooner had law enforcement officials arrested two teen-agers for the May theft of the VA laptop than a mere three days later the Department of Veterans Affairs revealed that a desktop computer with personal data on as many as 38,000 US military veterans had disappeared from Unisys, a VA subcontractor.
It was just last month that I wrote about a scary list that you can only hope does not include you or your company. It is a public list of all of the recent compromises to personal data that is being stored by banks, merchants, universities, and many other breaches, most of which seem to involve government agencies. However, this month I am going to describe a security breach from the private sector, one that should give you great pause, because it occurred within the Transaction Processing Industry, essentially in the very market space where we all earn our livings!
That list of known security breaches is massive, and it left me with the impression that the odds that you and I have somehow been affected are pretty good. Especially when you consider the fact that the list is only a partial record of what is happening out there. In some cases, this list just says "unknown" in terms of the number of records compromised and makes one wonder how many incidents are probably not getting reported at all.
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Calvin D. Johnson, Publisher
publisher@tpatlanta.com
Trans Atlantic Systems, Inc.
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| » Editorials/People |
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Use of plastic taking its toll on the penny
While the debate on the pros and cons of the penny goes on, plastic is making an impact on cold cash.
At Wilbert's, the small market and bookstore by the University of Florida College of Law, Penny Langston says the amount of change she needs in her register has dropped by half, maybe by as much as two-thirds.
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A password for your credit cards
As banks face an end-of-year deadline to strengthen online authentication, one company believes it holds the right card to customer security--a one-time-password.Los Angeles - based Innovative Card Technologies, or InCard, has found a way to build a display, battery and password-generating chip into a card, such as a credit card.
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» Main Story |
| Global Payments' CIO Mike Reidenbach speaks to TPAtlanta 
Sitting at the I.T. helm of one of the world's largest transaction processors is Global Payments' CIO Mike Reidenbach, who has been a part of the organization in various roles for the past 13 years. In his current position, he is responsible for the overall I.T. strategy of the company. Apart from being an expert in karate and aviation, Mike has everything it takes to formulate a focused yet aggressive I.T. strategy. Meet the CIO who can truly be called a mover and a shaker.
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» Feature Story |
Money disappears from checking accounts, again
There is a new reason to think twice about using your debit card when you go shopping. Criminals have managed to steal ATM account information and PINs from shoppers at Dollar Tree stores in western states.
The U.S. Secret Service says it is investigating. Visa Inc. says it is too. No one will say how widespread the crime spree is, but here's a hint -- 150 consumers who shopped at a Dollar Tree store in Modesto, Calif., have told local police that a total of $170,000 has been stolen from their accounts.
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| » Earlier this week |
ChoicePoint Acquires Steel Card
ChoicePoint announced the acquisition of California-based Steel Card, LLC and its award-winning ApogeeTM product line.
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CompuCredit Reports Second Quarter Earnings
CompuCredit reported second quarter 2006 managed earnings of $48.8 million, or $0.97 of managed earnings per fully diluted share.
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Equifax Board of Directors Declares Quarterly Dividend
Equifax Board of Directors declared a quarterly dividend of $.04 per share, payable on September 15, 2006, to shareholders of record as of August 25, 2006.
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Synovus names McDaniel as Chief Accounting Officer
Synovus, the Columbus, Georgia-based diversified financial services company, recently announced the appointment of Liliana McDaniel to the position of Chief Accounting Officer.
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Fidelity National Information Services signs contract with Eastwood Homes
Fidelity National Information Services, Inc. announced that Eastwood Homes signed a multiyear contract for mortgage origination fulfillment services with its Homebuilders Financial Network division.
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| » Industry News |
Global Payments to Hold Annual Meeting on Sept 27, 2006 and announces 4th Qtr Dividend
Global Payments Inc announced that its board of directors approved a fourth quarter dividend of $0.02 per common share payable August 31, 2006.
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Synovus and TSYS Named To Georgia Trend's Top 50 List
Synovus,the Georgia-based diversified financial services company, and its payments subsidiary, TSYS, have both been named to the "Georgia's Top 50 Public Companies" list.
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CheckFree Announces Fourth Quarter and Year-End Fiscal 2006 Results
CheckFree Corporation announced fourth quarter revenue of $224.9 million, representing a 12 percent increase over the same period last year.
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Google Seller-Rating System a Threat to eBay?
With the launch of its Checkout service, Google is introducing its own seller-rating system that is independent of marketplace.
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Latest E-Commerce Fraud Scheme
The 41st Parameter has announced it has identified an e-commerce fraud scheme in which fraudsters are coordinating their attacks against e-commerce merchants.
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