TransactionWorld.com

Starting October of this year, the new Data Security Standard (DSS) and Payment Application-Data Security Standard (PA-DSS) put out by the PCI Security Standards Council will go into effect.

First, the standards development lifecycle and feedback process has been …

In the wake of the recent Credit Reform Act and persistent economic woes, consumer appetite for credit has reached an all time low. Instead of relying on the buy now, pay later model, countless reports and surveys, such as this …

Over the past few months, a standoff of sorts has been developing between California consumers and some of the state’s retailers. At issue is the swipe fee some retailers charge everytime a customer chooses to pay with his or her …

In May of this year, President Obama signed the much touted Credit Card Accountability, Responsibility, and Disclosure (CARD) Act. Though the crux of all this credit reforming was to prevent credit card companies from swindling the money away from their …

American consumers are abandoning cash and paper checks for cards and electronic payments. Between the years 1989 and 2006, the nation’s total credit card transactions increased from about $69 billion a year to more than $1.8 trillion.* According to the …