1-800-FLOWERS.COM, Inc. reported that it will begin accepting bitcoin beginning this fall on all their girting sites including FannieMay.com, Cheryls.com, ThePopcornFactory.com, 1-800-Baskets.com, FruitBouquets.com, and Stockyards.com Bitcoin is the world’s most widely used digital currency. 1-800-FLOWERS.COM, Inc. is the world’s leading florist and gift shop.
PCI DSS QSA Charles Denyer reveals his top 10 Challenges and Recommendations list regarding PCI compliance, which is a must-read for any merchant, service organization or any other entity involved in the processing, storing, or transmitting of cardholder data. The “Top 10 PCI List” addresses provisioning, hardening, securing and locking-down all in-scope “system components;” anti-virus; two-factor authentication; web application firewall (WAF); audit Trails and Logging; log Server | Syslog; File Integrity Monitoring; Intrusion Detection System; Policies and Procedures; and Operational Commitments from Internal Personnel.
Total Merchant Services credit and debit card processing service has released a new article titled “Seven Ways to Save Money on Your Credit Card Processing” on their site, Accept-Credit-Cards.com.The article details a few simple guidelines that merchants can follow to cut their credit card machine processing costs by as much as 20% or more, targeting merchants looking for lower credit card processing rates and/or better merchant services. Total Merchant Services offers industry-specific solutions designed for many different types of businesses, including retail storefronts, restaurants, hotels, service companies, wireless merchants and mail, telephone or internet businesses.
A new report from ATM
Marketplace, “ATM Software: Trends Analysis for 2007-2008” indicates
that ATM deployers are relying more heavily on
innovative software solutions to manage their networks. Many ATMs now
have features like envelope-free deposits, as well as
enhanced advertising and personalized transactions. Rather than using
proprietary software, ATM deployers are increasingly
moving to multivendor programs that can run across any Windows-based ATM
network, regardless of the type or brand of hardware.
Yankee Group reported that mobile banking must become available to a majority of mobile users including prepaid and low-income consumers if it is to succeed in North America. M-banking solution providers in North America can learn an important lesson on service adoption from international low-income initiatives as the global rise of the Anywhere Consumer takes hold. According to the recently published Yankee Group Report, “Mobile Banking Lessons” from International Low-Income Initiatives, there is a difference between the way m-banking solutions work overseas and in North America. In countries such as South Africa and the Philippines, m-banking keeps low-income consumers’ money safe; at the same time it reduces fees, which makes these services affordable. On the other hand, North American providers typically market m-banking to a more affluent and technologically advanced user as a convenience service. However, m-banking can also benefit low-income consumers in North America much as it has overseas.
A new study paper from NY-based Media Logic finds that financial service companies face a complex marketing challenge with “Generation X,” because it is smaller in size than the technology-driven “Generation Y” and lacks the spending power of “Baby Boomers.” But, “Generation X’s “need for financial products and services is greater than any other age group and with the right understanding of this audience, marketers who are willing to take on the challenge of building deeper relationships with this segment can change the paradigm and be rewarded with great marketing opportunities. Media Logic is a strategic marketing and communications firm specializing in brand development, revenue generation, marketing planning and integrated communications.
A new poll finds that 96% of American women who have shopped online in the past 12 months have purchased at least one product over the Web. Most online shoppers do both their product research and shopping online while 31% do their research online and then go to a store to buy. The poll conducted by Consumer Reports National Research Center for ShopSmart magazine also found that women spend an average of 1.2 hours per week shopping online. Despite the amount of time women are spending online, one-third said they had a negative online experience. Among those women, 20% said they never got the item they ordered. Another 13% said the merchandise was very different than represented. And, 451,588 American women claimed to have had their credit card number stolen online in the last 12 months.
Moneris Solutions has launched the “Holiday Essentials” guide. The
guide is a collection of consumer spending data compiled from Moneris’
database of historical credit and debit card transactions and includes
analysis of consumer behaviour and expectations during the holiday
season to provide retailers with information and provides tips to
properly plan for the year’s most important sales period. During the
eight-week holiday sales season a significant portion of sales are
generated online and through gift cards. Moneris provides credit, debit
and gift card payment services for merchants in virtually every industry
segment, handling more than 2 billion transactions a year.