card transaction

ParTech Inc has partnered with VeriFone Systems Inc to launch an integrated end-to-end encryption for point-of-sale applications. The integration of VeriFone’s VeriShield® Total Protect, Secured by RSA, solution and PAR EverServ® Software enables restaurant customers to make safer payment card transactions while reducing the cost of Payment Card Industry (PCI) compliance for restaurant operators.

The PCI Security Standards Council (PCI SSC) has released separate guidance papers on the use of end-to-end (E2E) encryption and EMV technologies in a payment card data environment. The documents are intended to provide the market with greater clarity on how these two specific technologies relate to the PCI Security Standards and impact PCI DSS compliance.

Wells Fargo Visa credit cardholders can now enable an alert service to prevent fraudulent transactions and better manage their spending.

A new service launched by Wells Fargo in association with Visa is known as Rapid Alerts. It s based on Visa’s transaction alerts platform. Alerts are sent on behalf of Wells Fargo directly from VisaNet, Visa’s global processing network, typically within seconds of a transaction occurring.

A reloadable prepaid card provider nFinanSe is reducing its fees for cardholders on their ATM withdrawals and electronic bill payment transactions. The company’s aim is to have its customers more actively use its Visa® and Discover® Reloadable Prepaid Cards.

Elavon, a wholly owned subsidiary of U.S. Bancorp and leading global payments company announces the introduction of Fusebox, its next-generation hosted payment gateway that provides secure multi-point connectivity across a merchant’s enterprise.

 MasterCard is moving into the personal finance budgeting space with the launch of a Web-based tool that enables cardholders to categorise and monitor debit card spending. American Express meanwhile has launched a free online account aggregation and money management service.

Using MasterCard Money Manager, cardholders can review signature and PIN-based MasterCard transactions by merchant category, and create customised categories, making it possible to identify spending patterns and compare actual spend to an allocated budget.