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04/06/2009
Credit Card Security Standard Under FireThe 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 BreaksWhile 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.
02/17/2009
New ExpenseWatch.com Release Helps Manage PayablesIf ever there was as time to watch expenses, this is it. And I can't think of a more apt app for doing so than web-based ExpenseWatch, which has just rolled out new components that help small and mid-sized businesses track expenses and manage payables. Basically, ExpenseWatch is like shining a spotlight on your spending. Read more.
02/13/2009
New Service Aims to Cut Payment Processing FeesAre 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. |
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