First Data study finds closed-loop cards popular but open-loop growing, and virtual gift cards are on the horizon. As the U.S. gift card market matures, understanding consumer demand and trends can help gift card-issuing merchants and retailers create or adjust their strategy. In fact, First Data, a global provider of electronic commerce and payment processing, recently…
Results of Data Security Study Announced
The National Retail Federation (NRF), a retail trade organization, and First Data Corp., a provider of electronic commerce and payment processing, have released results from a research study of data security and fraud prevention strategies practiced at small to mid-sized retailers. Most of the retailers surveyed had annual sales of less than $100,000. The analysis…
Circle K Chooses VALID Systems
Circle K convenience store chain is rolling out a new, state-of-the-art check cashing program to its company-owned locations, anchored by VALID’s decisioning and identification technology. Some 750 of Circle K’s 3,000+ stores currently have added the check cashing program. The new system integrates existing hardware alongside new technologies. The verification and approval process is fully-automated;…
Data Security Solutions
First Data Corp. and VeriFone Systems Inc. are joining forces to offer a VeriFone edition of the First Data TransArmorSM solution to U.S. multi-lane and petroleum merchants that will give businesses using VeriFone’s MX 800 series of devices, Secure PumpPay and the Ruby point-of-sale (POS) solutions a complete security solution combining VeriFone’s VeriShield encryption along…
Targeting Customers with Prepaid
TOP PERFORMERS PaySpot (dba epay) Coinstar HONORABLE MENTIONS Incomm First Data Prepaid services are changing the way customers do business. Low-income families, unbanked and underbanked customers, students, those with poor credit and customers that spend much of their time on the road are among those taking advantage of prepaid debit cards and bill services that…