04/06/2009

Credit Card Security Standard Under Fire

The PCI security standard for credit card transactions came under fire at a recent Congressional hearing, with retailers on the attack and credit card companies on defense. PCI-compliance hasn't thwarted some high profile theft of customer credit card data from stores, according to testimony at the hearing. But more fundamentally, retailers questioned a system that makes them store card data instead of the banks - and take the bad publicity when the system fails. Visa's head of fraud control defended the reliability of PCI if retailers maintain compliance standards and said he constantly works with retailers to purge card data. For a complete report on the hearing, see Computerworld. --Jeff B. Copeland, Content Product Manager

02/20/2009

Small Business Bags Stimulus Bill Tax Breaks

While nearly two-thirds of the newly-adopted $787 billion economic stimulus package represents spending programs, the other third (about $288 billion) offers tax breaks for individuals and businesses. According to CBIZ, a major accounting firm and business services provider, small biz bagged some of the biggest benefits under the new law. Some tax goodies extend popular incentives that recently expired. Others expand tax write-offs for losses -- which will generate quick cash for many business owners. Read more.

02/13/2009

New Service Aims to Cut Payment Processing Fees

Are credit card fees crunching your cash? Noca -- a new payment processing service just launched by some former Visa execs -- gives online merchants a low-cost way to let customers pay directly from their checking accounts. This could appeal particularly to businesses selling low-margin, low-cost items that are pinched by credit card payment processing fees. Noca uses Secure Check, a way for consumers to pay for purchases using their bank accounts directly from a merchant's website. Read more.

02/12/2009

Hey Startups! Richest Biz Plan Derby to Award $700k

Got a great biz startup idea you need funded? Well, get your **** together fast and enter the 2009 Rice Business Plan Competition by March 6, 2009 to be considered for a mind-blowing $700,000 in prizes, including a package worth $325k to the winner. RBPC has become the largest and richest intercollegiate business plan competition in the world. To be eligible, the management team must include at least one grad student who is currently enrolled full- or part-time at a university. Non-students may be part of the management team and participate in planning the venture, but only students may present the plan in the competition. Read more.

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Business Finance News and Views

Credit Card Security Standard Under Fire

Small Business Bags Stimulus Bill Tax Breaks

New Service Aims to Cut Payment Processing Fees

Hey Startups! Richest Biz Plan Derby to Award $700k

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