Word: payment
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...processing companies are hubs for millions of payment records. It is the juiciest target for an individual who wants account numbers. It is a honeypot for identity thieves." CHRIS HOOFNAGLE, senior consul for the Electronic Privacy Information Center in Washington, D.C., on a security breach at a credit-card payment-processing company in Arizona. More than 40 million accounts may have been exposed to fraud...
...government could not recommend a penalty for any past wrongdoing and instead was restricted to proposals geared to prevent and restrain future action. Prosecutors scrambled to adjust their case. The solution, based on recommendations by longtime Justice lawyers, was to ask the court to demand an initial $10 billion payment, then appoint a monitor to review the behavior of the industry and recommend a suitable penalty every year until the cigarette makers stop their misdeeds. Ted Wells, a lawyer for Philip Morris USA, calls the plan a "last-minute, desperate attempt" to save the case. But Justice lawyers say that...
According to current estimates, when the agreement terminates in 50 years, Harvard’s annual payment could amount to nearly $10 million...
...agreement with Harvard came a month after the city reached its first formal PILOT agreement with MIT. MIT increased its voluntary payment to $1.5 million with a 2.5 percent annual increase for the next 40 years. MIT also agreed to restrict the amount of its commercial property that can be converted to tax-exempt...
According to the deal’s stipulations, Harvard made its first payment in March of $250,000 into a newly-created neighborhood fund that will go toward community programs. By the end of the summer, interim traffic calming devices will be installed in the area, says Thomas J. Lucey, Harvard’s director of community relations for Cambridge...