The Green Sheet Online Edition
February 2, 2012 • 12:02:01
10 Years ago in
The Green Sheet
First Data, Ingenico push next-gen EFT/POS
First Data Corp. and Ingenico S.A. signed a five-year agreement to develop, produce and supply next-generation electronic funds transfer (EFT) POS terminals enabled with smart card and signature capture capabilities. The terminal program was to support First Data's 2.6 million merchants, 1,400 card issuers and millions of consumers globally.
Fraud hot topic at BAI Show
Fraud was the focus of the Bank Administration Institute show, as banks faced an estimated 447,342 check fraud cases for the year, averaging $1,518 gross loss per incident. Visa Inc. reported 19 billion checks valued at $3.5 trillion were written at the POS. MasterCard Worldwide cited card-not-present transactions in 80 to 85 percent of credit card fraud cases reported.
Smart card for auto industry
AutoSmart Inc. introduced the AutoSmart Card, a chip-embedded card designed to record vehicle maintenance, operation, service and regulatory compliance. The patented application provided car buyers, sellers and owners with a portable, permanent, updatable, secure and certified record of a vehicle's operation, repair and service history.
Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.
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