Amex increases its brand by 45% in the past year. http://www.prlog.org/10517550-worlds-top-ten-credit-card-companies-enjoy-significant-increase-in-brand-value.html

Recently 2,500 major companies were discovered to be victim of the major data hacks going around.  More info available on... http://www.foxnews.com/scitech/2010/02/18/broad-new-hacking-attack-detected/ With the White House and Pentagon hacked just this past July (2009), it seems the best defenses for companies are to store sensitive data on isolated USB storage drives rather than on computers residing on internet-connected networks. E-commerce sites should: * Use all security precautions * Be PCI Compliant * Change passwords regularly * Name the admin login as something other than /admin/ in the url * ...

Bank of America has been raising its rates on many consumers' credit cards. BOA has raised the rates on one lawyer's credit card, up to an astounding 28%. The lawyer is now suing BOA. http://us.cnn.com/video/?/video/us/2010/01/07/hln.roberts.credit.card.revolt.cnn

Amazon, Walmart, & Expedia were all hacked just days after the multi-million dollar hack at Citibank. While the breech was contained within about an hour, it reflects just how vulnerable even the biggest e-commerce sites really are. More info about the incident available on CNN: http://www.cnn.com/2009/TECH/12/24/cnet.ddos.attack/index.html This brings the question: How safe is a mom-and-pop e-commerce site for credit card processing? The answer can be quite safe, if it is coded properly. Here are some good rules of thumb to go by... 1) Those sites that ...

Critical News Alert: CitiBank has just been hacked, resulting in tens of millions of dollars stolen. You may read more details at FoxNews: http://www.foxnews.com/politics/2009/12/22/fbi-probes-hacks-citibank-govt-agency/ PCI Compliance laws couldn't come soon enough, however they do not mean a merchant's site will have 100% protection from the elements. We strongly caution merchants with this bit of truth: If a hacker wants into your site, they will get into your site. Earlier this year hackers were able to tap into the Whitehouse, Pentagon, and even the ...

Yes, it is true. A credit card with an APR of 79.9% has been issued by First Premier Bank. This has been done as a move to hedge against the new federal laws restricting annual fees; to compensate, this high-risk credit issuer had to raise the APR to 79.9%.  The card has a $300 credit line and is intended for those who have bad credit to start making good credit again. Card holders used to pay $256 up-front for the card as a ...

This important alert shares how to make a Magento Shopping Cart FACTA Compliant, with web coding provided: http://creatuity.com/blog/2009/03/02/default-magento-template-not-facta-compliant/ What is FACTA Compliance? FACTA Compliance is a U.S. law passed in 2003, that says Merchants can not print the expiration date of a credit card on a receipt.  It is a positive effort to help deter credit card fraud. How is a 2003 Law Having Such Impact Today? Many e-shopping carts are programmed by Germans (German's make good engineers!).  The shopping carts are also geared towards ...

New article on identity theft that is very interesting... http://www.cnn.com/2009/TECH/12/07/identity.theft.costs/index.html

Welcome to our Blog! Present times are providing a lot of press for the industry. With PCI Compliance rules requiring sweeping changes, and Interchange Rates fluctuating, be sure to check back regularly for news and updates!