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Credit and Debit Cards: Federal Agencies Benefit from Card Acceptance, but Have Limited Ability to Control Interchange Fee Costs (open access)

Credit and Debit Cards: Federal Agencies Benefit from Card Acceptance, but Have Limited Ability to Control Interchange Fee Costs

Testimony issued by the Government Accountability Office with an abstract that begins "Federal entities--agencies, corporations, and others--are growing users of credit and debit cards, as both "merchants" (receiving payments) and purchasers. Federal entities, like other merchants that accept cards, incur fees--called merchant discount fees--to process card transactions. For Visa and MasterCard transactions, a large portion of these fees-- referred to as interchange fees--goes to the card-issuing banks. This statement addresses (1) the amounts of revenue that federal entities have collected using credit and debit cards and the costs of such acceptance, (2) these entities' efforts to reduce their interchange fee costs, including negotiations, and (3) the extent to which card network rules affect these entities and other card accepters' ability to reduce interchange fee costs. The information for this statement was drawn from Credit and Debit Cards: Federal Entities Are Taking Actions to Limit Their Interchange Fees, but Additional Revenue Collection Cost Savings May Exist (GAO-08-558) and Credit Cards: Rising Interchange Fees Have Increased Costs for Merchants, but Options for Reducing Fees Pose Challenges (GAO-10-45). GAO analyzed data on accepting and using cards from the Department of the Treasury (Treasury), Amtrak, the Postal Service, and General Services Administration (GSA); and …
Date: June 16, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Cybersecurity: Continued Attention Is Needed to Protect Federal Information Systems from Evolving Threats (open access)

Cybersecurity: Continued Attention Is Needed to Protect Federal Information Systems from Evolving Threats

Testimony issued by the Government Accountability Office with an abstract that begins "Pervasive and sustained cyber attacks continue to pose a potentially devastating threat to the systems and operations of the federal government. In recent testimony, the Director of National Intelligence highlighted that many nation states, terrorist networks, and organized criminal groups have the capability to target elements of the United States information infrastructure for intelligence collection, intellectual property theft, or disruption. In July 2009, press accounts reported attacks on Web sites operated by major government agencies. The ever-increasing dependence of federal agencies on information systems to carry out essential, everyday operations can make them vulnerable to an array of cyber-based risks. Thus it is increasingly important that the federal government carry out a concerted effort to safeguard its systems and the information they contain. GAO is providing a statement describing (1) cyber threats to federal information systems and cyber-based critical infrastructures, (2) control deficiencies that make federal systems vulnerable to those threats, and (3) opportunities that exist for improving federal cybersecurity. In preparing this statement, GAO relied on its previously published work in this area."
Date: June 16, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Oil Spills: Cost of Major Spills May Impact Viability of Oil Spill Liability Trust Fund (open access)

Oil Spills: Cost of Major Spills May Impact Viability of Oil Spill Liability Trust Fund

Testimony issued by the Government Accountability Office with an abstract that begins "On April 20, 2010, an explosion at the mobile offshore drilling unit Deepwater Horizon resulted in a massive oil spill in the Gulf of Mexico. The spill's total cost is unknown, but may result in considerable costs to the private sector, as well as federal, state, and local governments. The Oil Pollution Act of 1990 (OPA) set up a system that places the liability--up to specified limits--on the responsible party. The Oil Spill Liability Trust Fund (Fund), administered by the Coast Guard, pays for costs not paid for by the responsible party. GAO previously reported on the Fund and factors driving the cost of oil spills and is beginning work on the April 2010 spill. This testimony focuses on (1) how oil spills are paid for, (2) the factors that affect major oil spill costs, and (3) implications of major oil spill costs for the Fund. It is largely based on GAO's 2007 report, for which GAO analyzed oil spill cost data and reviewed documentation on the Fund's balance and vessels' limits of liability. To update the report, GAO obtained information from and interviewed Coast Guard officials."
Date: June 16, 2010
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
DART, DCTA and The T Partner For Promotion (open access)

DART, DCTA and The T Partner For Promotion

News release about efforts by DART, the T, and the Denton County Transportation Authority to promote cleaner air through employee-wide transit passes for businesses.
Date: June 16, 2010
Creator: Lyons, Morgan; Leffett, Dee & Hunter, Joan
System: The Portal to Texas History