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Articles about Payment Processor

The Register breaking news

OKPay suspends payment processing to all Bitcoin exchanges

With mounting pressure on online money exchanges from US regulators, payments processor OKPay has announced that it is suspending processing for all Bitcoin exchanges, including industry leader Mt. Gox. OKPay itself has had precious little to say publicly about the decision, other than issuing a one-line statement on its website …
Neil McAllister, 29 May 2013
Nyancoin logo

Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash

Dell has started accepting Bitcoin as payment for stuff. The PC giant, which notches up about $60bn in annual sales, said on Friday it is testing a feature that lets customers pay for gear with cryptocurrency. "We’re piloting bitcoin, the world’s most widely used digital currency, as a purchase option on Dell.com for consumer …
Jack Clark, 18 Jul 2014
The Register breaking news

Behind-the-scenes payment operation gets e-money capability

Payment processor Ogone has bought up e-money operation Tunz, allowing it to expand into virtual currencies and make the world marketplace a little more real. Ogone is a competitor to WorldPay, so merchants sign up with Ogone to accept payments using credit cards as well as alternatives such as PayPal or iDEAL depending on the …
Bill Ray, 18 Jul 2012
The Register breaking news

Visa probes reported security breach of card processor

Credit card issuer company Visa is investigating the possible breach of a payment processor in Europe that may have compromised more than 10,000 cards in Eastern Europe. In a statement issued on Thursday, according to IDG News, the issuer said: “Visa Europe has been informed of a potential data security breach at a European …
Dan Goodin, 15 Dec 2011
The Register breaking news

Google pockets card payment biz, slips it into Wallet

Google has bought payment processor TxVia to beef up its Wallet offering, putting scalable payment and token management into the Chocolate Factory's hands. TxVia provides a back-end service for prepaid cards including gift tokens, loyalty schemes and travel cards. It has 100 million customers and links to all the important …
Bill Ray, 03 Apr 2012
cloud

Sage payment processor goes titsup - again

SagePay has been hit by what appears to be yet another spectacular outage, only three months on since the payment processor, which serves 25,000 firms in the UK and Ireland, collapsed for 24 hours on 8 September. Customers have contacted The Register to complain about SagePay's latest unscheduled lie-down. The service, which …
Kelly Fiveash, 11 Dec 2009
The Register breaking news

Fraud linked to US payment processor breach

US credit unions are reporting a security breach affecting credit and debit card numbers involving a payment processor firm. Neither the name of the company at the centre of the snafu nor how many records might be involved has been disclosed. Official word of the breach came when the Community Bankers Association reported that …
John Leyden, 25 Feb 2009
The Register breaking news

Grocery terminals slurped payment card data

Grocery chain Aldi Inc. has warned customers in 11 states that their payment card data may have been slurped up by point-of-sale terminals that were illegally planted by identity thieves. The tampered terminals were in use from June 1 to August 31 in an undisclosed number of stores, the company disclosed in a press release (PDF …
Dan Goodin, 08 Oct 2010
The Register breaking news

WikiLeaks payment service threatens to sue Visa, MasterCard

WikiLeaks' Iceland-based payment processor says it will take immediate legal action against Visa and MasterCard for suspending service to the renegade whistle-blowing website, according to ZDNet UK. DataCell EHF, which facilitates credit card-based donations to WikiLeaks, said it will file suit in the UK against Visa Europe, …
Dan Goodin, 08 Dec 2010
The Register breaking news

Eight charged in $9.5m payment processor hack

Eight men connected to an international crime ring have been charged with hacking into Atlanta-based bank card processor RBS WorldPay and stealing more than $9m in 12 hours. The men - from Russia, Moldova and Estonia - are accused of gaining access to the RBS computer network and retrieving payment card data as they were being …
Dan Goodin, 10 Nov 2009
The Register breaking news

Sage payment processor suffers 24-hour outage

SagePay - the payments processor serving 25,000 companies in the UK and Ireland - experienced a major outage on Monday evening, and as problems dragged on late into Tuesday, one of its biggest competitors claimed a significant uptick in business. Caused by a "database-related" issue, the outage began at 7:48pm London time on …
Cade Metz, 09 Sep 2009

Wanna use Bitcoin on your site? BitPay's open-source library wants to help

Bitcoin payment processor BitPay has released the source code to a library aimed at making it easier for developers to build applications that use the virtual currency. "Bitcore is an open source JavaScript library for doing anything you can imagine with the Bitcoin protocol," the company said in a blog post introducing the tool …
Neil McAllister, 15 Feb 2014

Oz bank closes Bitcoin business' bank accounts

The Commonwealth Bank, Australia's largest bank, has closed accounts belonging to Australian Bitcoin payment processor CoinJar. CoinJar, which offers tools to buy or sell Bitcoins, and accept them as payment, has blogged about its experiences. The post says it has experienced some dodgy transactions, but no more than most …
Simon Sharwood, 15 Aug 2013
SOURCE: http://www.sxc.hu/photo/959469

US government nabbed $2.9m in May Bitcoin seizure

More information has come to light regarding the US government's recent seizure of funds from online accounts belonging to Mt. Gox, the world's largest Bitcoin exchange. El Reg reported in May that the Department of Homeland Security had frozen an account with mobile payment processor Dwolla belonging to Mutum Sigillum LLC, a …
Neil McAllister, 21 Aug 2013
The Register breaking news

Mastercard and Visa block payments to Swedish VPN firms

Mastercard and Visa have reportedly put a block on payment processing services for some anonymisation and virtual private network (VPN) services. However, the move appears to be restricted to payments made to five consumer-focused VPN and anonymisation services though a single payment processor in Sweden, rather than a more wide …
John Leyden, 04 Jul 2013
The Register breaking news

Court orders Visa partner to allow donations to WikiLeaks

WikiLeaks may soon be able to accept donations again, now that the Icelandic Supreme Court has ruled that the blockade on donations imposed by local Visa partner Valitor is illegal and has ordered the company to pay huge fines if it doesn't change its ways. In its ruling, the court upheld an earlier court decision that cutting …
Iain Thomson, 24 Apr 2013
The Register breaking news

Spanish payment breach prompts huge German card recall

German authorities have recalled more than 100,000 credit cards over fears that crooks may have obtained details of the cards via an unnamed Spanish payment processing firm. Holidaymakers who used their Visa or Mastercard credit card in Spain may be at risk of fraud following the reported security breach, which prompted the …
John Leyden, 19 Nov 2009
channel

Netbanx fixes payment processing glitch

Netbanx, the UK-based payment processor, has apologised for web application glitches that affected the ability of some ecommerce sites to take orders. Reg reader Jon told us that ecommerce sites using Netbanx were "ground to a halt" yesterday. A spokesman for Neteller, which runs Netbanx as well as digital wallet and other …
John Leyden, 22 Feb 2008
The Register breaking news

Chocolate Factory chucks out Checkout

Google Checkout is the latest product to check into the Chocolate Factory's hospice, with merchants told it will be farewelled in six months. Merchants using the service are being encouraged to switch to Google Wallet Instant Buy or find another payment processor – a move which involves a lot more disruption to the small …
The Register breaking news

Security still slack in WA government agencies

While not as utterly hopeless as last year, IT security is still troublesome in Western Australia’s government agencies. In last year’s annual audit, the Auditor General strolled through fourteen agency networks in an undetected penetration test. This year, the auditor’s staff have looked at payment security in nine agencies, as …
The Register breaking news

Barclaycard site falls over, web payments impossible

Barclaycard customers trying to buy things online have found that their cards don't work. The Barclaycard problems started at 6pm yesterday and are still dragging on. It appears as if it's a DNS failure that has booted the payment processor and all customer accounts offline. The site throws up "can't find the server at secure. …
Anna Leach, 27 Apr 2012
The Register breaking news

Telefonica tosses its dosh at pay-by-bonk upstart

Mobile-payment processor Boku has raised another $35m in finance, including some from its new BFF Telefonica who has awarded the company preferred-partner status for its developing wallet offerings. Telefonica, owner of the O2 brand, chipped in a significant proportion of that money, but more importantly it has agreed to make …
Bill Ray, 16 Mar 2012
The Register breaking news

Google Wallet left on margins by ISIS tap-pay hookup

Visa, MasterCard, Discover and American Express have all signed onto US operator consortium Isis, leaving Google Wallet with just MasterCard as a payment partner. The US operator consortium – set up by AT&T, T-Mobile USA and Verizon – has announced that the four biggest payment processors will create mobile payment applications …
Bill Ray, 20 Jul 2011
The Register breaking news

Google to app devs: Use our pay system ... OR ELSE

Google has been threatening developers who are using alternative in-app payment mechanisms, enforcing the T&Cs which allow it to kick out anyone accepting payments which are not routed through Google. The news comes from Reuters*, which claims to have emails from Google giving developers 30 days to switch their in-application …
Bill Ray, 09 Mar 2012
The Register breaking news

PayPal slaps down Dr Who ‘charity book’

This can only end in tears: a PayPal processing ban has stalled production of a charity book based on celebrity’s memoirs of Dr Who. Just ten days after the producer of the book began his “crowdfunding” experiment by accepting pre-orders for the book, PayPal stopped accepting payments, according to the producer’s blog. Profits …
For Sale sign detail

Sage Pay upgrade woes hit merchants

Thousands of e-commerce merchants are still struggling to process transactions following problems with a weekend upgrade by payment processor Sage Pay. The upgrade was designed to make transaction processing faster and more resilient for the 32,000 merchants in the UK and Ireland who rely on the firm's service to handle e- …
John Leyden, 27 Oct 2010
The Register breaking news

Google wires up for wireless payments

Google is planning to hand shopkeepers thousands of NFC-capable terminals in New York and San Francisco, to encourage proximity payments using their Nexus S handset. Bloomberg has been chatting to some of the merchants who've been offered the terminals, though it appears to suggest that Google is planning its own payment …
Bill Ray, 15 Mar 2011
The Register breaking news

Google Wallet PIN security cracked in seconds

A researcher at website categoriser zvelo has discovered Google Wallet's PIN protection is open to a brute-force attack that takes seconds to complete. And Google is powerless to fix the problem, it seems. The attack is limited to instances where physical access is available, or the phone has been previously "rooted" by the user …
Bill Ray, 09 Feb 2012
The Register breaking news

Google in mobile payments ménage à trois

MasterCard and Citigroup will be deploying NFC payment applications into Google's Nexus S phone, with other handsets to follow, as part of the chocolate factory's bid to turn phones into wallets. The news comes from the Wall Street Journal, which cites the ever-present "people familiar with the matter" as telling the paper that …
Bill Ray, 28 Mar 2011
globalisation

Sage Pay says sorry for upgrade shambles

Sage Pay has apologised for an upgrade of its systems that left many of its 32,000 customers in the UK and Ireland unable to process transactions on Monday. The problems, which rendered the payment processor's core system intermittently unavailable on Monday and continued to produce complaints on Tuesday, have been resolved, …
John Leyden, 27 Oct 2010
The Register breaking news

CarderPlanet founder charged in $9.4m RBS WorldPay hack

A man accused of being one of the most prolific sellers of credit-card data has been charged with participating in the brazen hack of RBS WorldPay in 2008 that funneled about $9.4m out of the payment processor in just 12 hours. Vladislav Anatolievich Horohorin, 27, was already in the custody of French police following his arrest …
Dan Goodin, 31 Aug 2010
The Register breaking news

VeriFone ramps up the fear factor

Payment processor VeriFone has launched a blistering attack on newcomer Square, claiming Square's hardware opens the way for criminals to skim cards – without noting that such skimming is already commonplace. So concerned is VeriFone with your security that it has set up a special website explaining what Square is doing wrong, …
Bill Ray, 10 Mar 2011
The Register breaking news

Nokia's Mobile Money roll-out bankrolled by Indian bank

Nokia's mobile banking project Mobile Money is now being backed by the Union Bank of India, and plans to roll out across the country in the next few months. Mobile Money provides peer-to-peer money transfers via Nokia retailers, authenticated over the mobile network via SMS. The transfer autentication process uses technology …
Bill Ray, 21 Mar 2011
The Register breaking news

Square gets $1bn valuation with $100m investment

Square has raised another $100m, giving the payment processor a valuation of $1bn and a new board member in the shape of Mary Meeker, a partner at investor KPCB. The $100m investment follows $27.5m that was dropped into the business in January, and the original $10m raised on the back of Twitter-founder Jack Dorsey's idea. Based …
Bill Ray, 29 Jun 2011
The Register breaking news

Accused TJX hacker faces 15 to 20

The hacker accused of orchestrating the largest-known identity theft in US history will serve between 15 to 25 years in prison under a plea deal filed Friday. Albert "Segvec" Gonzalez is accused of leading a hacking circle that stole 130 million credit and debit card numbers from major retail chains like Barnes and Noble, T.J. …
Austin Modine, 28 Aug 2009
The Register breaking news

After mass security lapse, RBS Worldpay gets IRS contract

RBS Worldpay - the electronic payment processor that admitted it exposed sensitive financial records for millions of customers - has been awarded a contract by the Internal Revenue Service to process tax return payments next year. The company, which is a division of the Royal Bank of Scotland, will begin processing taxpayers' …
Dan Goodin, 24 Apr 2009
The Register breaking news

RBS WorldPay breach exposes 1.5 million

RBS WorldPay belatedly admitted last week that hackers broke into its systems. The attack against the electronic payment services firm leaves to to 1.5 million payroll and gift card holders in the US at risk of fraud. Up to 1.1 million social security records were also exposed as a result of the breach. The affected pre-paid …
John Leyden, 29 Dec 2008
The Register breaking news

Anonymous hackers' Wikileaks 'infowar' LATEST ROUNDUP

Online "warfare" between the friends and enemies of Wikileaks continues, with an increasing number of organisations involved. The hacktivist collective Anonymous, operating under the banner Operation:Payback, has continued to mount various types of hacking attacks including DDoS strikes – supplemented by the use of illegal …
Lewis Page, 09 Dec 2010
channel

Visa gives merchants crypto card security guidelines

Visa has published best practices for data field encryption (AKA end-to-end encryption) that call on merchants to always encrypt cardholder data. Data field encryption covers techniques for ensuring swiped credit data is always stored and transmitted in an encrypted format right from the point where a customer plastic is swiped …
John Leyden, 07 Oct 2009
The Register breaking news

Microsoft's Patch Tuesday fixes record number of flaws

Microsoft on Tuesday patched a record number of security holes in its Windows operating systems and other software, a haul that included at least one security flaw that was already under attack in the wild. One of the updates fixed a vulnerability in Windows Media Runtime that allows an attacker to remotely execute malware by …
Dan Goodin, 14 Oct 2009
The Register breaking news

US Wikileaks investigators can't link Assange to Manning

American media are reporting that investigators are unable to prove that WikiLeaks and its colourful figurehead Julian Assange obtained classified US files from jailed soldier Bradley Manning, allegedly the source of most of WikiLeaks' significant material. If true, this is likely to present serious obstacles to US-based …
Lewis Page, 25 Jan 2011
The Register breaking news

Man banished from PayPal for showing how to hack PayPal

PayPal suspended the account of a white-hat hacker on Tuesday, a day after someone used his research into website authentication to publish a counterfeit certificate for the online payment processor. "Under the Acceptable Use Policy, PayPal may not be used to send or receive payments for items that show the personal information …
Dan Goodin, 06 Oct 2009
The Register breaking news

Fedora bars SQLNinja hack tool

Fedora Project leaders have banned a popular penetration-testing tool from their repository out of concern it could saddle the organization with legal burdens. The move came on Monday in a unanimous vote by the Fedora Project's board of directors rejecting a request that SQLNinja be added to the archive of open-source …
Dan Goodin, 11 Nov 2010
The Register breaking news

Police arrest first Heartland suspects

Three Florida-based men have been charged with credit card fraud following the first arrests connected with the hacking attack against payment processor Heartland Payment Systems. The trio - Tony Acreus, Jeremy Frazier, both 20, and Timothy John, 21 - are accused of using stolen card details to "electronically encode Visa Gift …
John Leyden, 16 Feb 2009
The Register breaking news

Indictment scuttled alleged credit-card hacker’s plea

Alleged hacker Albert "Segvec" Gonzalez was close to signing off on a comprehensive plea agreement that would have settled all pending charges when he was indicted on new counts Monday, according to a published report that cited his lawyer. Gonzalez, who was already awaiting trial on charges he stole data for hundreds of …
Dan Goodin, 20 Aug 2009
The Register breaking news

Heartland data breach hit 160 banks (and rising)

More than 160 banks have been affected by the information security breach at US payment processor Heartland Security. Heartland admitted that on 20 January, while US attention was on the Obama presidential inauguration, that a breach in its processing systems last year led to the disclosure of an unspecified number of customer …
John Leyden, 12 Feb 2009
The Register breaking news

Pentagon hacker Analyzer suspected of $10m cyberheist

Charges against notorious hacker-turned-suspected-cyber-fraudster Ehud Tenenbaum have expanded to include alleged fraud involving banks and credit card firms in both Canada and the US. Ehud Tenenbaum (AKA The Analyzer), 29, was arrested in Canada last September on suspicion he conspired with others to hack into the systems of a …
John Leyden, 25 Mar 2009
The Register breaking news

Owners of E-Gold indicted for money laundering

[This story was updated on May 1 to include comments from E-Gold strenuously denying the charges.] Three owners of online payment processor E-Gold and an affiliated company have been indicted for money laundering and related crimes for allegedly allowing sellers of child pornography, operators of investment scams and other …
Dan Goodin, 01 May 2007
The Register breaking news

Experts testify in Congress on behalf of internet gambling industry

Supporters of a regulated internet gambling environment testified before Congress yesterday, offering evidence that many of the alleged social ills associated with the industry are already being adequately addressed in jurisdictions that offer regulated gaming environments. "It was made clear at today's hearing that online …
Burke Hansen, 09 Jun 2007
The Register breaking news

Visa cuts CardSystems over security breach

Visa USA has dumped a card processing firm blamed for a security breach affecting anything up to 40m credit card numbers from MasterCard, Visa and other card issuers. Payment processor CardSystems Solutions admitted it wasn't supposed to hold the compromised data, so it comes as no great surprise that Visa USA has stopped …
John Leyden, 19 Jul 2005