The Economist Intelligence Unit released the results of the 2011 Government E-Payments Adoption Ranking (GEAR) study, commissioned by Visa Inc. (NYSE:V). The GEAR study measures the extent to which governments in 62 countries provide e-payment services and the underlying factors that affect government e-payments adoption. It builds on an initial study conducted in 2007 with…
Diane Merrigan has been appointed VP, sales with 3Delta Systems online business-to-business (B2B) payment card processing. She will focus on growing sales among mid-size and enterprise-level merchants for 3DSI’s products and services, including the “Payment WorkSuite” payment processing platform. She will also help enhance 3DSI’s channel partner services for B2B customers and broaden sales among acquirers and Independent Sales Organizations (ISOs). Bringing with her 20 years’ B2B sales experience in the payments industry was most recently with Heartland Payment Systems for 13 years as director of national accounts. Here she also served as director of B2B market, was a B2B market specialist as well as a relationship manager.
3Delta Systems online credit card processing solutions observed National Cyber Security Awareness Month by issuing its “10 Business Best Practices for Fighting Credit Card Theft and Fraud,” a set of business best practices for protecting customer credit card account information and minimizing corporate exposure to online payment scams. Entitled 3DSI’s tips consists of tried-and-true tools and techniques for companies to use in detecting and deterring online thieves from stealing sensitive payment data from their computer systems. The best practices are available for download from 3Delta Systems’ site.
3Delta Systems online business-to-business (B2B) credit payment solutions is entering a strategic partnership with TeamCain of JD Edwards consulting to deliver advanced payments acceptance, processing functionality and multilayer payment data security. With the initial release of the “Payment WorkSuite,” Oracle JD Edwards users will have access to six integrated yet securely separated applications. This will mitigate business risk and lower payment processing costs for large enterprises. Included is “EC-Zone” virtual payment application that lets you process payments from a web browser; “EC-Linx” server-to-server, real-time payment processing and authorization for e-commerce applications; “EC-Batch” file-based system for processing payment transactions in batches and uploading them from an internal computer systems to 3DSI’s payment gateway; “EC-Navigator” browser-based, command-and-control center for all applications to maintain and access merchant information, customer accounts, cardholder data and reporting; and “EC-Sentry” fraud detection, prevention and account protection that enhances the security already inherent in Payment WorkSuite.
With data heists during 2009 costing companies an average of $6.75 million, or $204 per compromised customer record- up from $6.65 million, or $202 per record, in 2008- 3Delta Systems online credit card processing is observing National Cyber Security Awareness Month by releasing a free white paper containing best practices for preventing cyber criminals from accessing databases where credit card numbers are often stored. Entitled, âStopping Data Cyberthieves in Their Tracks,â The white paper explores proven technologies and techniques for thwarting those who try to hijack, steal or destroy sensitive customer credit card and purchase-card (p-card) information housed at corporate or government data centers. The cost of dealing with the consequences of a breach rose nearly 48%.
Daniel L. Miner has been appointed GM, treasury services with 3Delta System online credit card payment solutions. Bringing with him nearly 30 years’ payment industry experience, Miner will lead 3Delta Systemsâ business development and help define products in the treasury management segment of the market, responsible for strengthening 3DSIâs business-to-business payments processing platform, broadening its product line for payment receivables and disbursements as well as enhancing the companyâs business processes and organizational controls. He came to the Company most recently from Treasury Strategies treasury management consultancy while, between 2004-2008, he served as senior director of electronic check and affiliate NACHA, where he led its two largest membership programs and led risk management initiatives for the ACH network. He holds a BA, science in business administration from the University of Illinois.
3Delta Systems (3DSI) online credit card payment solutions is advocating Visa’s tokenization best practices as an effective tool for helping merchants, vendors, service providers and acquiring banks. Through its “CardVault” payment tokenization service, 3DSI implements the Visa service to better collect, process and store credit card data and protect sensitive payment data from being hacked. Converting real 16-digit card numbers into a string of characters with randomly generated reference keys, Visa tokenization renders the data useless to would-be thieves. 3DSI tokenization and payment processing services have met the PCI standards for six consecutive years via third-party PCI DSS certification. It’s “CardVault” solution replaces transaction information with randomly generated payment tokens and secures actual payment card and transaction data at an off-site, PCI-compliant payment processing and data center.
E-payment processor ACM Payment Processing Solutions is partnering with card payment solution provider 3Delta Systems to expand and enhance payment services for approximately 19,000 business credit and financial professionals who belong to the MD-based National Association of Credit Management (NACM) and its network of Affiliated Associations.. Under the joint agreement, NACM will continue to exclusively market ACMâs solutions to its vast membership base. ACM will offer its suite of payment processing products along with those of 3Delta Systems so that NACM members get the best combination of low cost, security, flexibility and ease of use for processing payments â whether on paper or electronically. Now, NACM members who use 3DSIâs web-based processing gateway will automatically comply with Payment Card Industry Data Security Standards (PCI DSS), and those who include detailed, Level-3 line-item information with their credit and purchase card transactions will also qualify for the lowest possible interchange rates.
A new white paper explains with great urgency how to better protect payment transactions from intruders by replacing sensitive credit card data with tokens that are useless to hackers. VA-based 3Delta Systems “CardVault” report says that while no payment system on earth is 100% hack-proof, safeguarding card data with the highest encryption standards, translating that data into âtokensâ so theyâre useless to hackers if stolen, and remotely storing that data with a PCI-compliant service provider are several steps that B2B and B2G merchants can take to protect themselves and their customers from a security breach. According to the Privacy Rights Clearinghouse, more than 263 million confidential data records in the U.S. â ranging from credit, debit and prepaid cards to SSN have been exposed to identity thieves since January 2005. Ponemon Institute found that data breaches cost companies an average of $202 per compromised record in 2008 â up from $197 in 2007. The cost of lost business accounted for $139, or 69 percent, of that total.
E-commerce gateway provider Network Merchants has launched “Level III
Processing” to allow merchants to pass extended transaction data
required for certain industries and card qualifications.
Level III Enhanced Data Processing is used by government and large
corporations to make business-to-business and business-to-government
Merchants can use this enhanced data to better understand purchasing
purchasing performance, and monitor employee compliance.
NMI’s Level III service offering includes a fully functional API
(Application Programming Interface). In addition to Level I data –
account number, transaction date, purchase
amount, supplier category code, supplier name, city, state, and ZIP code
– Visa and
MasterCard provide enhanced data on purchases of goods and services.
Online payment solution provider 3Delta has hired Pete Hamel, previously
with PE Systems, as its new VP of platform delivery. Hamel’s background
ranges from product strategy and development, operations and interchange
management to Payment Card Industry Data Security Standards (PCI DSS)
compliance, disaster recovery and business continuity. Hamel also has
experience with change management, strategic planning, business and
Previously, Hamel served as vice president of operations and corporate
officer for PE Systems LLC in Spokane, Washington. While there, he
managed a staff of 19 financial analysts who investigated merchant
to achieve cost savings by improving credit card interchange
corporate security officer, he ensured PCI compliance while managing all
security-related documents, policies and procedures. Hamel held senior
level product strategy and development
positions with ExaDigm, NBS Technologies, Concord EFSnet (First Data
eBill and Modular Data (Global Payments). Hamel holds a B.A. in speech
and business communications from California
State University in Fullerton, CA.
Payment solution provider 3Delta Systems has been certified to
process online merchant payment transactions via the American
Express Card Authorization and Processing Network.The processing
system will also support Corporate Card Line Item Detail, also
known as Level -3 data, to augment basic card transaction with
more detailed purchase information â such as item descriptions,
quantity, unit price, invoice numbers â which are critical for
many corporate buyers. These features are particularly important
for 3Delta Systemsâ largest customers â business-to-business
(B2B) and business-to-government (B2G) credit card and
purchasing card (p-card) merchants and users. In addition to
American Express Direct, 3DSIâs payment gateway also connects
with other major merchant processor networks that can receive
Level-3 data, including Elavon, Fifth Third Processing
Solutions, First Data, Global Payments and TSYS Acquiring