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Welcome to TransactionWorld.com. The goal of this site is to aggregate and deliver news and information important to ISOs and Merchant Service Providers in one convenient format.

We welcome information and press from sources offering useful and interesting industry specific information connected to transactions, payment processing, merchant services and more.

21 December 2009 0 Comments

Heartland pays AmEx $3.6M in settlement for 2008 intrusion

Princeton, N.J., Dec. 17, 2009 — Heartland Payment Systems(R) (NYSE: HPY), one of the nation’s largest payments processors, today announced a settlement agreement with American Express (NYSE: AXP) related to the 2008 criminal breach of Heartland’s payment system environment. Under the agreement, Heartland will pay American Express$3.6 million, resolving all intrusion-related issues between the two parties.

21 December 2009 0 Comments

eCommLink, CPNI join forces to empower mobile prepaid debit

Toronto and Las Vegas, Dec. 17, 2009 — CPNI Inc. (CPNI) and eCommLink, a leading value-added prepaid debit processor, announced today they will be partnering to offer CPNI?s mobile solutions to the prepaid debit card industry. In the first step of a broader strategic relationship, the companies will jointly market to eCommLink?s existing program manager and financial institution customers, mobilizing card programs already in place.

21 December 2009 0 Comments

Radiant calls for industry to unite against data thieves

Atlanta, Dec. 18, 2009 — Radiant Systems, Inc. (Nasdaq: RADS) today issued a new challenge to the industry to come together to dramatically improve data security in the transaction-processing industry.

21 December 2009 0 Comments

Element partners with Trustwave for Level 4

Chicago and Phoenix, Dec. 18, 2009 — Element Payment Services, Inc. (Element), a PCI-compliant payment processing provider, has partnered with Trustwave to implement a Level 4 compliance program to help merchants achieve and maintain compliance with the Payment Card Industry Data Security Standard (PCI DSS (http://www.elementps.com/merchants/pci-dss/ )). Trustwave is the leading provider of on-demand data security and payment card industry compliance management solutions to businesses and organizations throughout the world.

21 December 2009 0 Comments

Sage SVP Scappa joins 2010 W.net Board

McLean, Va., Dec. 17, 2009 — Sage North America today announced that Christine “Chris” Scappa, senior vice president (SVP) of operations for its Sage Payment Solutions division, has joined the 2010 board of directors for the Women Networking in Electronic Transactions (W.net) organization. Made up of CEOs, presidents, senior managers, and other emerging leaders, W.net strives to inspire and empower women in the electronic transactions industry to maximize their individual potential and position themselves for greater personal success.