| GlobalSCAPE branching out into the credit-card payment market
GlobalSCAPE Inc. is pooling its expertise in data transfer and storage technologies on a new tool that will allow merchants to securely transmit payment data over the Internet. Even though the financial data-security market is not new, merchants now are facing even more stringent requirements for accepting and processing credit-card payments. Companies that fail to meet Payment Card Industry - Data Security Standard (PCI-DSS) requirements could face fines up to $500,000 per incident and could lose their processing privileges for not keeping customer's account data secure. To capture a slice of this security market, the San Antonio-based company has developed a new system called GlobalSCAPE High Security-PCI that will be marketed to merchants.
Digital Currencies Used to Launder $35m in Card Fraud Money New York District Attorney's Office
Nov 15 2007 : Digital currencies were used to launder an estimated US$35 million in proceeds from payment card data theft, according to charges filed by Manhattan District Attorney Robert M. Morgenthau. Seventeen individuals and one corporation are facing corruption charges connected with global trafficking in stolen credit card numbers, cybercrime and identity theft. If convicted, the defendants face up to 25 years in jail. The indictment marks the second phase in a joint two-year investigation by the Manhattan District Attorney�s Identity Theft Unit and the United States Secret Service. The investigation revealed that, over a four-year period, Manhattan-based corporation Western Express handled over US$35 million in proceeds from criminal activity, channeling the money through numerous Egold and Webmoney digital currency accounts.
Partnership spurred Exchange building deal
Three-year pact between Venango, ORA renewed; sale of OC property eyed. The Venango County commissioners have renewed a cooperative agreement with the Oil Region Alliance of Business, Industry and Tourism. The three-year arrangement calls for the county to continue providing a full-time employee for the Alliance at a cost of roughly $45,000 a year and to provide $55,000 in cash as a sort of membership fee to further the work of the Alliance. The county will continue to have a voting seat on the Alliance board of directors. The approval for what is known as a memorandum of understanding came shortly after a press conference Wednesday showcasing one result of the county's partnership with the Alliance - a commitment by Vantage Holding Co. of Meadville to purchase the county's Exchange Bank building and return it to the tax rolls.
Accounting and Consultancy
In this issue of Quoted Business we look at the internationalisation of Aim, and how cross-border mergers and acquisitions are flourishing alongside it. AIM�S GLOBAL REACH Article by John Cowie John Cowie on Aim�s coming of age on the global stage. Despite the best efforts of those... .
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