TECH DIGITAL RESOURCE LIBRARY

First Data

First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries.

Our Website: http://www.firstdata.com


Latest Content From First Data

Whitepaper: Where Security Fits in the Payments Processing Chain

by First DataJun 29, 2010

With over 20 billion credit card purchase transactions in the U.S. in 2009 and a highly complex system for processing those transactions, it�s not surprising that credit card information is a key target for thieves. Thieves have become adept at exploiting numerous vulnerabilities in the consumer-merchant-acquirer payment processing chain to gain access to this information. Fortunately, there are cost-effective solutions that are available to help secure sensitive data and reduce compliance costs.


Whitepaper: Tapping Into Generation Y: Nine Ways Community Financial Institutions Can Use Technology to Capture Young Customers

by First DataApr 01, 2010

Accounting for 28 percent of the population and growing up fast, Generation Y is on track for an annual income of $3.4 trillion and to surpass Gen X and Baby Boomers as the top earners by 2018. This is a lucrative group that financial institutions can't afford to ignore. First Data�s new white paper, �Tapping into Generation Y: Nine Ways Community Financial Institutions Can Use Technology to Capture Young Customers,� takes an in-depth look at Generation Y, what motivates them and what they demand from a financial services partner.


Whitepaper: Fraud Trends in 2010: Top Threats From a Growing Underground Economy

by First DataApr 01, 2010

It is clear that today�s cybercriminals are more sophisticated than ever in their operations and their attacks, and that they are always on the lookout for new ways to exploit vulnerabilities in the global payments system. According to the 2009 Verizon Business Data Breach Investigations Report , 285 million consumer records were compromised in 2008�more than the previous four years combined. Data breach statistics from 2009 are expected to be even more grim due to the growth of increasingly sophisticated attack methods like malware infections, which grew tenfold in 2009. While it is impossible to anticipate or prevent every attack, one way to stay a step ahead of these criminals is to have a thorough understanding of how they operate their enterprises. Read First Data�s new white paper, �Fraud Trends 2010: Top Threats from a Growing Underground Economy,� to learn about the fraud threats that are expected to be particularly troublesome during the next 12 months.


Whitepaper: Data Encryption and Tokenization: An Innovative One-Two Punch to Increase Data Security and Reduce the Challenges of PCI DSS Compliance

by First DataSep 01, 2009

More than 280 million payment card records were breached in 2008 alone and a large percentage of those stolen records were used fraudulently. In fact, the underground economy is teeming with stolen payment card data. Some controls are in place to help card payment processors prevent credit card fraud through increased controls around data and by limiting potential exposure to compromised information records. The Payment Card Industry Data Security Standards (PCI DSS), for example, are widely considered to be a worldwide set of best practices for securing sensitive data. PCI DSS procedures are an essential component in any merchant�s holistic risk management program�but they are not without their burdens and limitations. More than a billion dollars. That�s how much money merchants have collectively spent on PCI DSS compliance as part of their security systems. Indeed, PCI DSS compliance is a resource-intensive challenge to businesses of all sizes. According to the analyst firm Gartner, a Level 1 merchant (generally defined as a merchant that annually processes 6 million or more Visa� or MasterCard� transactions) might spend millions of dollars to initially meet the security requirements prescribed by the PCI Security Standards Council (PCI SSC). Even a Level 4 merchant (commonly defined as a merchant that annually processes fewer than 20,000 eCommerce or 1 million Visa or MasterCard transactions) might have to spend several thousand dollars on the initial security assessment and new technology and security measures.