The Consumer Finance Protection Bureau, launched in July, gives Americans a new ally in dealing with credit card and other financial companies. But just how far will the agency go in handling individual cases? Look out, credit-card companies, consumers have a new sheriff. The launch of the Consumer Finance Protection Bureau (CFPB) in July gives [...]

Capital One Financial Corp. (COF) said credit card delinquencies edged up during July, though charge-offs continued to decline for the eighth straight month. U.S. charge-offs–loans banks don’t expect to be able to collect–have been on a mostly downward trend this year. The U.S. credit card industry has seen a slow recovery as losses from soured [...]

On June 29, 2011, the Federal Reserve Board released the final regulations pertaining to Section 1075 (the Durbin Amendment) of the Dodd-Frank Wall Street Reform Act. Because most of the provisions take effect on October 1st of this year, financial institutions must act quickly to achieve compliance and take necessary strategic steps to minimize any [...]

In your retail business, does the business management software reach from goods receiving all the way through to the point of sale? If it doesn’t, you could be missing out on the opportunity for better management through automation. That’s according to Andre Wiid, HansaWorld SA sales and channel manager. He says a better point of [...]

Nearly 70% of e-commerce merchants said they have tightened credit card data security in order to protect their brand, not to avoid fines for non-compliance with the Payment Card Industry Data Security Standard (PCI DSS), according to a survey by Visa’s CyberSource unit and Trustwave. Read the full article at InfoSecurity-US.com

It may be beneficial for all data centers to demonstrate compliance with the Payment Card Industry Data Security Standard (PCI DSS) as the guidelines provide good basic information security principles. However, organizations need to look beyond this standard, which was developed to protect customer data and prevent identity theft, and focus on what it means [...]

Sometimes, it really does pay to do the right thing. Those who kept their credit profiles squeaky clean during the Great Recession and its aftermath can now dance with the best credit card issuers. Read the full article at TheStreet