Heartland Payment Systems and Hypercom Expands Payment Processing with Enriched Security

This recent article in reuters highlights Heartland Payment Systems and Hypercom Corporation's newest integration to offer high security payment systems to retailers nationwide and implement Heartland's E3 solution.

Heartland Chairman Bob Carr mentioned that security in payment transaction is very important to merchants, and that is exactly what the E3 solution offers, and with the help of Hypercom the solution will become more widely available to retailers. The software, Heartland Connect Gateway, will enable Hypercom POS systems to integrate the E3 solution, further protecting card data.

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$23 Quadrillion Visa Charges Reported in Several Locations

According to this article in NewsTimes.com there are several incidents of a huge charges appearing in Visa prepaid debit cards across the nation. Karen Taylor from Bethel recently found a $23 quadrillion charge on her 17 year old son's prepaid debit card. Josh Muszynksi of New Hampshire found a $23,148,855,308,184,500 charge on his account shortly after purchasing a pack of cigarettes at a gas station. There are other reported incidents in Texas and Tennessee as well. Apparently Visa released a statement last week of discrepancies that were caused by programming errors and impacted less than 13,000 Visa prepaid transactions. These are the sort of errors the prepaid industry must avoid in order to gain the consumer's confidence to spend in this economy.

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Security Concerns for Canadians Who Used Their Credit Cards in the US in 2008

This morning I came across this post on Canada.com in which they describe that “malicious software” found in Heartland Payment Systems’s operating system may affect the security of Canadian based credit card systems.

Canadians are advised to check their statements for any signs of identity theft and report it immediately. Robert H.B. Baldwin, Jr., Heartland's president and chief financial officer, mentions:

"We understand that this incident may be the result of a widespread global cyber-fraud operation, and we are co-operating closely with the United States Secret Service and Department of Justice."

This breach is already considered the biggest loss of credit-card data since 2007, companies will have to step up their game to ensure consumers safe spending in this downturn economy.

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