| Cap One Bids for Debit Card Share with an ACH-Based Card
(June 7, 2007) A new Capital One Financial Corp. MasterCard debit card that Cap One can market nationwide like a credit card has the potential to vault the financial-services company into the top ranks of debit card issuers and help MasterCard Worldwide swipe debit market share from Visa USA, the payments expert who this week released word of the product says. The rewards debit card, which McLean, Va.-based Cap One is cobranding with merchants, is not linked to any accounts held by Cap One or Hibernia Bank, a bank Cap One acquired two years ago. Instead, the financial-services company, which made its name as an innovative credit card marketer, will issue the card to consumers across the country and then debit their checking accounts through the automated clearing house. By severing the historical tie between debit cards and demand-deposit accounts, Cap One can market the card to virtually anyone with a checking account.
E-xact Announces PCI Compliance
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 30, 2007) - E-xact Transactions Ltd. (TSX VENTURE:EXZ), a leading provider secure payment gateway solutions, is pleased to announce that it has achieved full compliance with the Payment Card Industry (PCI) Data Security Standard (DSS).
PCI DSS was developed globally to ensure merchants and service providers adopt best practices to enhance their payment account security. It was developed in 2004 by the card association, which includes: American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa International. For more information about the PCI DSS visit www.pcisecuritystandards.org.
Being PCI compliant assures that with E-xact's products and technology, merchant and cardholder data is protected by the industry's highest security standards.
American Express reorganizes business, names execs
NEW YORK, June 20 (Reuters) - American Express Co. (AXP.N: Quote, Profile, Research), the credit card and travel services company, on Wednesday promoted several executives and reorganized its operations into consumer and business units, in a bid to better focus its operations. Alfred Kelly was promoted to president overseeing the global consumer group, which includes such operations as credit cards, customer service, small business and consumer travel. He was previously group president of consumer, small business and merchant services. Edward Gilligan was named vice chairman overseeing the global business-to-business group, which includes merchant transactions, network services, commercial cards, business travel and international banking. He was previously group president of American Express International and Global Corporate Services.
|
