As a merchant, you accept Visa, MasterCard, American Express and Discover. You have learned that each card brand has its own set of data security standards guidelines. So, which one do you follow? Good news! The card industry has made that decision for you. A Little History The PCI Security Standards Council (PCI SSC) was […]
Thus far, it seemed the credit card processing industry was impervious to market conditions. But it seems that streak has come to an end when it comes to credit card giant American Express. AMEX announced today that it will lay off 7,000 workers, or 10% of their headcount. American Express is also putting a freeze […]
As a follow-on to my blog about alternative payments, it looks like one big player is either afraid of the competition – or maybe it is simply making smart business decisions. Announced yesterday was American Express’ deal to purchase Revolution Money, launched by AOL Co-founder Steve Case’s Revolution LLC in 2007. The acquisition, estimated at […]
