Security

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Identity Theft – It’s All Hype!

I really hate when an industry finds an opportunity to impose the “sky is falling” routine on the public. Fact is, every once in a while someone uses your credit card. Get over it–it’s the merchants who ultimately pay the bill anyway. The banks typically don’t even charge the $50 that they can legally charge […]

2Jan2008 | Riley Poole | 2 comments | Continued
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Facebook just lost as much as 30% of its advertiser base

Facebook is no longer accepting American Express. In another major blow to the Facebook platform, it seems they have been terminated from accepting American Express. For those not familiar with American Express TMF(Terminated Merchant File), AMEX can be relentless with merchants regardless of size, shape or volume. The bigger question is what does this do […]

31Dec2007 | Riley Poole | 9 comments | Continued
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Why CyberSource sucks for Small Business

Just like so many others in the space do, CyberSource (NASDAQ CYBS) closed down BidPay abruptly and without notice. The question of course everyone is asking is: Why? About two years ago, CyberSource realized that it was faltering. There are so many Fortune 500’s out there (500 to be exact), but of those, there aren’t […]

31Dec2007 | Riley Poole | 1 comment | Continued
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2007 Industry Failures and What WE Learned

You may not know this but the credit card industry is notorious for covering up its failures. While most experts will tell you that failure is important, as it teaches us what not to do and shows us how things can get done, the credit card industry is known for not learning from it’s mistakes. […]

30Dec2007 | Riley Poole | 9 comments | Continued
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Here we go again, the Visa USB Stick

Visa just doesn’t have an impressive track record as it pertains to security. It’s almost as if they are more focused on looking the part and adding integration costs to the end merchant and consumer than actually fixing the problem.
When Verified by Visa came out several years ago, Visa dedicated $100,000,000.00 to its advertising […]

29Dec2007 | Riley Poole | 2 comments | Continued
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MasterCard buys 25% of Cybersource

While just a rumor, sources say that MasterCard (NYSE MA) is going to acquire a rather large stake in Cybersource (Nasdaq CYBS). Some say as low as 5% while others say as high as 30%. What does this mean to the industry?
First off, the CyberSource buyout of Authorize.Net was a bad move for merchants all […]

29Dec2007 | Riley Poole | 0 comments | Continued
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Virtual “Stolen” Credit Cards??

For more than a year now, a shocking underground scheme has been building steam and no one seems to be paying attention. eBay, Paypal, Google, and many online providers utilize credit cards as a means of verifying identity. Makes sense right? Charge a few smaller transactions, typically less than $1.00 and if the user can […]

29Dec2007 | Riley Poole | 8 comments | Continued
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Merchants maybe risking millions in fines while using Google Checkout

From time to time, major companies miss their PCI certification deadlines. It’s not uncommon and in fact it has been a problem that many major companies have faced. The certification process is daunting, expensive and time consuming and must be completed annually but with that said, what’s going on with Google?
Visa USA Inc. maintains a […]

29Dec2007 | Riley Poole | 7 comments | Continued
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