Even Taxi Cabs Are Worried About Consumer Data Security
Steven Martin writes in InformationWeek:
Companies responsible for handling consumer financial data are moving quickly to repair the weak links in their information security infrastructure in the wake of high-profile losses and thefts of customer information.
Transaction Network Services Inc., which provides network services to payment processors, this week revealed that it's encrypting personal account and credit-card information sent across its Synapse system, which provides payment services for merchants that use wireless devices, including taxi and limousine companies, towing services, arts and crafts shows, and mobile concession and souvenir stands.
When merchants enter a request for a card authorization, it's transmitted over a wireless network such as Cingular or Verizon to Synapse, which transports the request over a landline to a payment processor. After the transaction is authorized, the approval is sent back via Synapse to the wireless network and on to the merchant.
posted by Fergie @ 6/09/2005 07:27:00 AM
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