All new and existing merchants must comply with Payment Card Industry Data Security Standards (PCI DSS). The card associations developed the PCI DSS to help strengthen data security at the merchant level to combat credit card data compromises.
Growing Financial Services Company Fuels Good News and Profits For Michigan 2008 Economy
International Bancard Corporation Doubling In Size, Expanding Its Brick & Mortar While Bringing International Revenue Back Home To Enhance State Economy
Royal Oak, MI – As North America and the International world economy evolves toward what many commerce and economic experts predict will be a cashless society (2012?), an emerging and innovative Royal Oak based financial services company is driving revenue, being challenged with management of rapid human and brick-mortar expansion while bringing positives back home to the State of Michigan.
Some interesting facts that may help frame and augment the International Bancard story:
• According to Robert Samuelson’s “The Cashless Society Has Arrived,” ‘the comparatively tranquil triumph of electronic money reflects its origins in technology, not politics. In many ways, it’s cheaper than cash or checks. The Federal Reserve says that processing an electronic payment costs a fifth as much as a check. It’s more convenient; people don’t need to run so often to the bank or ATM machines for cash.’
• According to MarketWatch, credit and debit-card purchases now make up the bulk of all retail transactions. Card scanners are being installed everywhere from soda machines and parking meters, to fast-food counters and unstaffed gas stations….
International Bancard Corporation has a compelling story to tell. Welcome to the International Bancard Newsroom. Enclosed, you will find International Bancard's latest News Releases, recent news coverage, interview clips with International Bancard President David Iafrate and photographs from International Bancard's collaboration with the Michigan Economic Development Corporation (http://www.michiganadvantage.org) and Governor Jennifer Granholm.