April Fools Day has come and gone.
I will freely admit to being mildly embarrassed after being suckered by a couple of very well planned and executed bits of tomfoolery, but I’ll live… and the pranksters (you know who you are) will each receive one of these lovingly crafted awards.
One of my favourites this year was the hiring notice for Hyperintelligent Pandimensional Mice.
The whole folderol over The Agency Model and supposed collusion in price-fixing by Apple and The Big Six looks like it’s about to blow over. It’s been my opinion that the whole thing has been a tempest-in-a-teacup from the beginning.
Which means, we’re all waiting to see what the fallout of the Global Payments credit-card data breach is going to be. As many as 1.5 million Visa and Mastercard could have been affected.
Treating Global as if it were the proverbial hot-potato, VISA and Mastercard have dropped the company as an approved processing centre, which is the only reason we know about the breach which actually happened sometime between January 21st and February 25th.
Processing agencies like Global are the work-force behind credit-card companies. They are responsible for almost all credit-card transaction processing. Merchants depend upon these processors in order to be paid for the goods they provide, while customers depend upon them to keep their personal and financial information secure. Given the number of breaches that have occurred over the years, it seems obvious that the security model isn’t secure enough.
Nervous customers do not use their credit-cards to purchase goods and services, which takes money out of the pockets of authors, musicians, artists and other entrepreneurs.
And so, as the sun sinks slowly in the west, until next time… That’s All Folks!