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Welcome to Merchant Service Sales
Companies seeking a way to avoid being overcharged for excessive "service charges" and extraneous fees that have plagued the merchant processing industry for years stand to gain some considerable savings benefits by working with Merchant Service Sales.
 


Google introduces mobile wallet, PayPal sues (6/2/2011)
Google Inc. introduced a new mobile wallet application for its Android phone May 26, 2011. The next day PayPal Inc., eBay Inc.'s payment subsidiary, sued Google for stealing trade secrets.

Trustwave Validated as a CHECK Service Provider (5/30/2011)
Certification Meets Government IT Health Check Standards

Sony anticipates losses from earthquake, breach (5/25/2011)
On May 23, 2011, Sony Corp. revised previously optimistic revenue predictions to reflect "a significant deterioration from our February forecast" – a $3.2 billion loss due to the impact of an earthquake and the ongoing consequences from a data theft of the personal information of 100 million Sony PlayStation Network customers.

Feds move to halt VeriFone purchase of Hypercom (5/25/2011)

Department of Justice complaint filed in Washington May 12, 2011, alleges VeriFone Inc.'s proposed $485 million offer to buy Hypercom Corp. violates provisions of both the Clayton Antitrust Act and the Sherman Antitrust Act.



The Sony breach is not a game (5/21/2011)
Among the conclusions security and payments industry insiders emphasize in the wake of the massive Sony Corp. data breach are: consumers should be more outraged, the most secure payment systems are the systems that hold no consumer data and no system is invulnerable to cyber attack.

PCI security standards council confirms new advisory board (5/21/2011)
Representatives from Barclaycard, British Airways, Disney, Heartland Payment Systems, PayPal, RSA, Cisco and Wal-Mart Stores are among the new board of advisors for the PCI security standards council.

Feds move to halt VeriFone purchase of Hypercom (5/18/2011)
A Department of Justice complaint filed in Washington May 12, 2011, alleges VeriFone Inc.'s proposed $485 million offer to buy Hypercom Corp. violates provisions of both the Clayton Antitrust Act and the Sherman Antitrust Act

Visa Advances Toward a Digital Wallet (5/17/2011)
Visa is taking another big step in its continuing efforts to create a universal digital wallet.

California's limits on welfare debit cards inspire U.S. response (5/17/2011)
Welfare recipients nationwide would be barred from using their government-issued debit cards at casinos, strip clubs and liquor stores under a bill to be introduced Wednesday by leaders of the U.S. Senate Finance Committee.


Visa to launch 'wallet' for phones, online buying (5/17/2011)
Visa Inc. is making a virtual "wallet" that can hold people's card account information for faster checkouts at online shopping sites and real-world stores.

Democrats petition SEC to require cyber attack reports (5/17/2011)
Five Democratic senators, led by Sen. John D. Rockefeller, D-W.Va., wrote the Securities and Exchange Commission May 11, 2011, to ask the agency to clarify federal disclosure requirements concerning data thefts. The letter was written just a week after the House Subcommittee for Commerce

PayPal, Discover launch Money Messenger (5/9/2011)
PayPal Inc. entered into the person-to-person (P2P) product market in April 2011 when Discover Financial Services launched its new Discover Money Messenger Service, a free application that allows card customers to transfer money on Discover.com or by using a smart phone.

Smart Card Alliance urges U.S. adoption of EMV (5/9/2011)
Payment processing technology is changing rapidly in Europe and around the world. However, industry experts believe the United States lags behind other countries in adopting state of the art card technology, and different standards and diverse technologies make selling in a global market problematic.

Trustwave's Nicholas J. Percoco to Participate in Data Breach Simulation at Visa 2011 Global Security Summit (4/27/2011)
 Trustwave, a leading provider of information security and compliance solutions, today announced that Nicholas J. Percoco, senior vice president and head of Trustwave's SpiderLabs, will participate in a real-time simulated data breach of an online payments system at the...

American Express First Quarter EPS Up 33% to $0.97 Revenues Rise 7% On Strong Cardmember Spending Credit Quality Continues to Improve (4/27/2011)
American Express Company (NYSE: AXP) today reported first-quarter net income of $1.2 billion, up 33 percent from $885 million a year ago. Diluted earnings per share was $0.97, up 33 percent from $0.73 a year ago. 

Smart Card Alliance website updated (4/19/2011)
The Smart Card Alliance unveiled new resources, including multimedia and expanded search capabilities, to its website, www.smartcardalliance.org. The new features are designed to give visitors easier...

No silver bullet for PCI compliance (4/16/2011)
In 2010, the PCI Security Standards Council released new versions of the three standards we manage: the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA DSS).

PCI Security Standards Council offers phone-based payments guidance (4/16/2011)
The PCI Security Standards Council (PCI SSC), a global, open industry standards body providing management of the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS), today released an educational resource on PCI DSS requirements for securing cardholder data in audio recordings.

PCI Council Looks to Boost Call Center Data Security (4/16/2011)
The Payment Card Industry Security Standards Council on Friday released guidelines for handling and storing card data within audio recordings at call centers.

Ingenico to get a bigger slice of U.S. market (4/13/2011)

VeriFone Inc. and Hypercom Corp. agreed on April 4, 2011, to sell to Ingenico S.A. Hypercom's U.S. payment systems business, which reportedly achieved revenues of about $61 million in 2010



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