July 18, 2005 10:45 AM PDT

Visa to bar transactions by payment processor

CardSystems Solutions barred after leaving the records of millions of cardholders at risk for fraud.
The New York Times

The story "Visa to bar transactions by payment processor" published July 18, 2005 at 10:45 AM is no longer available on CNET News.

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It's about time...
It's about time that these companies that hold our data be held responsible for their irresponsibility in not taking the proper safeguards in securing our personal data. If neglegence can be proven, as it was in this case, then members of the board of directors should be jailed for it, most notibly the CEO because it happened on their watch.

I certianly hope that CardSystems goes out of business over this.
Posted by Maelstorm (118 comments )
Reply Link Flag
It's about time...
It's about time that these companies that hold our data be held responsible for their irresponsibility in not taking the proper safeguards in securing our personal data. If neglegence can be proven, as it was in this case, then members of the board of directors should be jailed for it, most notibly the CEO because it happened on their watch.

I certianly hope that CardSystems goes out of business over this.
Posted by Maelstorm (118 comments )
Reply Link Flag
consequences
I would like to see the other charge card companies do this. They inored warnings, rules and advice and should pay the consequences. What happened is that they didn't want to pay the IT time to store the information on a network that was not connected to outside services.
Posted by jake_n (19 comments )
Reply Link Flag
consequences
I would like to see the other charge card companies do this. They inored warnings, rules and advice and should pay the consequences. What happened is that they didn't want to pay the IT time to store the information on a network that was not connected to outside services.
Posted by jake_n (19 comments )
Reply Link Flag
Visa to bar transactions by payment processor
Mr. AT Alishtari who is POA and Founder of EDI Secure LLLP now sees card processors getting tough on data management subcontractors and setting higher standards to maintain ID security. No matter how well intentioned such acts are, the result of having any private data in sem-public hands is human error. It is like carrying someone else's wallet for them. One may not intentionally leave other peoples private ID vulnerable however the best solution is putting private ID into the hands of the person who has a vested interest in protecting it the bank consumer or depositor.

This is what EDI Secure LLLP that owns the single use credit card number ID patent that allows for two factor authentication with offline device, as its private monopoly in the US for the next 15 years, does. Still, subcontractors have to fit the new rules that need to be set up by the government for everyone because, well, anything else is just confusing and leads to more pandemonium.
Posted by (66 comments )
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EDI Secure LLLP sells USPTO rights to IDPixie LLC
EDI Secure LLLP sells USPTO rights to IDPixie LLC


A year ago, January 2006, EDI Secure LLLP was purchased by IDPixie LLC which owns the patent US 6,598,031 B1 granted on July 22, 2003 for APPARATUS AND METHOD FOR ROUTING ENCRYPTED TRANSACTION CARD IDENTIFYING DATA THROUGH A PUBLIC TELEPHONE NETWORK from inventor Jeffrey Ice. So to update EDI Secure LLLP's place in the marketplace, I add the above and below data.

My Pledge

I, Mr. Abdul Tawala Ibn Ali Alishtari, pledge my Foundation to halt child slavery activities including his Global Peace Film Festival, Inc., at www.peacefilmfest.org. I pledge moral support of legal, peaceful activities and my non-profit gifts offshore, onshore and globally, primarily with philantrophy from my personal investment to help halt all fraud, violence and scams hurting innocent children, women and families so help me God.
Posted by Abdul Tawala Ibn Ali Ali (53 comments )
Link Flag
Visa to bar transactions by payment processor
Mr. AT Alishtari who is POA and Founder of EDI Secure LLLP now sees card processors getting tough on data management subcontractors and setting higher standards to maintain ID security. No matter how well intentioned such acts are, the result of having any private data in sem-public hands is human error. It is like carrying someone else's wallet for them. One may not intentionally leave other peoples private ID vulnerable however the best solution is putting private ID into the hands of the person who has a vested interest in protecting it the bank consumer or depositor.

This is what EDI Secure LLLP that owns the single use credit card number ID patent that allows for two factor authentication with offline device, as its private monopoly in the US for the next 15 years, does. Still, subcontractors have to fit the new rules that need to be set up by the government for everyone because, well, anything else is just confusing and leads to more pandemonium.
Posted by (66 comments )
Reply Link Flag
EDI Secure LLLP sells USPTO rights to IDPixie LLC
EDI Secure LLLP sells USPTO rights to IDPixie LLC


A year ago, January 2006, EDI Secure LLLP was purchased by IDPixie LLC which owns the patent US 6,598,031 B1 granted on July 22, 2003 for APPARATUS AND METHOD FOR ROUTING ENCRYPTED TRANSACTION CARD IDENTIFYING DATA THROUGH A PUBLIC TELEPHONE NETWORK from inventor Jeffrey Ice. So to update EDI Secure LLLP's place in the marketplace, I add the above and below data.

My Pledge

I, Mr. Abdul Tawala Ibn Ali Alishtari, pledge my Foundation to halt child slavery activities including his Global Peace Film Festival, Inc., at www.peacefilmfest.org. I pledge moral support of legal, peaceful activities and my non-profit gifts offshore, onshore and globally, primarily with philantrophy from my personal investment to help halt all fraud, violence and scams hurting innocent children, women and families so help me God.
Posted by Abdul Tawala Ibn Ali Ali (53 comments )
Link Flag
A good decision by Visa, should the rest follow?
This is a landmark decision that Visa has maid here. By
essentially firing Card Systems Solutions, Visa is showing that
they care about there customers, clients and affiliates.

This care was not directly obvious to Card Systems Solutions, for
anybody with a little common sense in the IT world would not
have done what they did; without concern or care for there
clients and customers alike. Visa has shown to the world, by this
decision, that the data they store and process is important to the
overall economy and the way it progress'.
Much like a judge has to look upon past cases' to decide new
and future cases; big corporations like Visa are showing a
leadership role in technology. This leadership role by Visa
amounted into a company that will essentially fold; due to it's
lack of ability to follow simple rules [rules that everybody else
has to follow].
By firing Card System's and not fining them, Visa has taken the
first step into ensuring our personal data and credit data
remains safe.
"Just because you get a fine for speeding...doesn't mean you
won't speed again. But get your car taken away and thrown in
jail for a while and you'll think twice about speeding again"
With that said, if your a credit card processing company, I would
suggest a security audit and a brief to the IT staff about what's
going on!

"Without examples, we are blind"

-Justin
Posted by OneWithTech (196 comments )
Reply Link Flag
A good decision by Visa, should the rest follow?
This is a landmark decision that Visa has maid here. By
essentially firing Card Systems Solutions, Visa is showing that
they care about there customers, clients and affiliates.

This care was not directly obvious to Card Systems Solutions, for
anybody with a little common sense in the IT world would not
have done what they did; without concern or care for there
clients and customers alike. Visa has shown to the world, by this
decision, that the data they store and process is important to the
overall economy and the way it progress'.
Much like a judge has to look upon past cases' to decide new
and future cases; big corporations like Visa are showing a
leadership role in technology. This leadership role by Visa
amounted into a company that will essentially fold; due to it's
lack of ability to follow simple rules [rules that everybody else
has to follow].
By firing Card System's and not fining them, Visa has taken the
first step into ensuring our personal data and credit data
remains safe.
"Just because you get a fine for speeding...doesn't mean you
won't speed again. But get your car taken away and thrown in
jail for a while and you'll think twice about speeding again"
With that said, if your a credit card processing company, I would
suggest a security audit and a brief to the IT staff about what's
going on!

"Without examples, we are blind"

-Justin
Posted by OneWithTech (196 comments )
Reply Link Flag
 

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