OK, so it's April 15, and everyone's mind turns to taxes and filing returns.
Me? I'm thinking of the pace of failed banking institutions we've seen so far this year - and wondering just how much we're taxing the FDIC's insurance fund.
OK, so here's a reaction I never expected.
We've talked a lot about the banking crisis over the past year - the differences between Wall Street and Main Street, and how all financial institutions are impacted in one way or another by fallout from the industry's "3 B's," Bailouts, Bernie and Bonuses.
Angry about the Heartland data breach?
Anxious because you have an upcoming regulatory exam?
Frustrated by the effects of the global recession, and wondering when the heck we're going to climb out of it?
Clearing my desk and my head this morning...
Interesting nuance in the Heartland Payment Systems breach this week. Did you read the article about Visa and the security update it's presenting to its network of processors? In one part of this presentation, Visa discusses myths and facts about PCI DSS compliance, and...
So, today's the day.
When Bernard Madoff appears in court this morning, presumably to plead guilty to at least a portion of the fraud he committed in his $50 billion Ponzi scheme, the world will be watching.
OK, so how many payment processor data breaches are we talking about - one or two? That's been the big question we've been trying to sort out this week. And I'm not sure anyone knows definitively. If they do, they're not telling.
I read the news today, oh, boy.
About another credit card processor that supposedly has been breached, exposing consumers and cards to potential fraud.
This news comes almost a month exactly after Heartland Payment Systems (HPY) went public with news of its data breach sometime in 2008.
The numbers are staggering as we try to get a handle on exactly how many institutions, cards and customers have been affected by the Heartland breach.
One single institution's report of the number of cards compromised by the Heartland Payment Systems (HPY) data breach - 10,000.
You can't get away from this story.
Since we first broke the news about the Heartland Payment Systems (HPY) data breach back on Jan. 21, this story has just dominated conversation in and about our industry.
On our site, the latest news updates and have proven enormously popular.
So, we were among the first to break the Heartland story when it first broke last Tuesday, and we've continued to follow it closely. After the initial media surge, where we saw news outlets and solutions providers tripping over one another to opine over what they think happened to Heartland and what it all means, here...
Let's talk about how a big disaster becomes an even bigger one.
On Tues., Jan. 20 - Inauguration Day - Heartland Payment Systems (HPY) President/CFO Robert Baldwin announced the company had been breached sometime in 2008.Heartland, which processes roughly 100 million transactions per month for 250,000 different...
An alleged bank robber gets away with nothing, and he's in jail awaiting trial. Not that I'd argue otherwise. Meanwhile, Madoff defrauds investors of billions, quite literally ruins businesses and lives ... and he hasn't even lost access to his premium movie channels.
OK, for months now we've been saying (all right, I've been saying) that we all know regulatory reform is coming; it's just a matter of "what" and "when."
Well, "when" was Thursday, and "what" arrived in the form of a new report from the U.S. Government Accountability Office (GAO), proposing a new framework for the...
Stupid robbery attempts are always funny, but when they happen in your backyard, well, they're even funnier.
A few weeks back, near my home in New Hampshire, a would-be robber held up a local Citizens Bank branch, and he attempted to get away with an undisclosed amount of cash.