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Online Payment Options for Your Online Business December 12, 2008
Websites providing more payment methods other than credit cards had a sales conversion rate 12 percent higher than those offering just one online payment option in addition to credit cards.
Black Friday online fraud up 40 percent December 5, 2008
Bizjournals.com - Charlotte,NC,USA The report by Retail Decisions — a New Jersey-based payment card issuer that monitors 16 billion card transactions annually — comes exactly a week after ...
Card Not Present (CNP) Fraud - A Simple Primer November 15, 2008
By Accertify, Inc. Generally, if a merchant accepts a credit card for a purchase and the card is physically present, the liability for loss falls on the card-issuing financial institution, not the retail merchant. However, under Card Association rules, the risk of loss falls on the merchant in all CNP transactions. What that means is that the full value of a CNP purchase will be charged back to the merchant if the credit card turns out to be a fraud. If the merchant is only making a modest margin on the sale of expensive items, even a small number of chargebacks for fraud can be devastating.
Consumers Want to Pay Now for Online Purchases, Not Later November 11, 2008
ClickZ News - New York,NY,USA In "2008 Online Retail Payments Forecast," the research firm said the credit crunch will prompt online shoppers to cut down on the amounts charged to their bank-issued credit cards
Credit card fraud still on the rise August 7, 2008
Your Money Haven - Glasgow,UK Credit card not present fraud is increasing in popularity despite the advent of chip and pin, according to Equifax. Fraudsters are now targeting credit card...
Largest ever ID theft operation busted August 5, 2008
abc7news.com - San Francisco, CA,USA The international conspiracy hacked into major American retail store computers and stole millions of customers' debit and credit card numbers.
Debit Keeps the Bank Card Networks Humming July 31, 2008
Digital Transactions - Hoffman Estates,IL,USA Debit purchase volume, including that on Visa’s Interlink PIN-based network, hit $193 billion, up 16.3% from $166 billion in fiscal 2007’s second quarter.
Days may be numbered for the check July 12, 2008
Grand Junction Sentinel - Grand Junction, CO,USA Signs in bold letters popping up on stores’ front doors proclaiming “NO CHECKS” indicate that a form of payment popularized in the 1950s is quickly becoming.
M-PAYMENTS VALUE TO HIT $300BN IN 2013 - JUNIPER July 1, 2008
The gross transaction value of payments made via mobile phones will grow over five times to exceed $300 billion globally by 2013, according to a new report from Juniper Research.
EUROPEAN PAYMENTS COUNCIL TEAMS WITH TELCOS ON MOBILE PAYMENT INITIATIVE June 30, 2008
The European Payments Council (EPC) says it is working with The GSMA - an international trade group of mobile operators - to accelerate the deployment of mobile payment services in the single euro payments area (Sepa).
Identity Theft, Financial Fraud Remain Top Concerns for Consumers June 30, 2008
Fears about identity theft and financial fraud are top global concerns for consumers, according to the latest results of the Unisys Security Index. Identity theft is the primary security concern cited among respondents in nine out of 14 countries, while misuse of credit or debit card information ranks as the first or second greatest fear in 12 out of the 14 countries. Interestingly, the survey found an apparent lack of concern about using the Internet to shop, bank and email. According to Unisys, the data indicates that concern about Internet security has taken a back seat to other areas studied, such as issues related to financial well-being and the protection against bank card fraud.
U.S. Group Seeks Interoperable Mobile Payments Model June 5, 2008
The Financial Services Technology Consortium (FSTC) has launched an initiative to examine the various technology models supporting mobile payments. The New York-based cross-industry body says that the aim of the project is to make recommendations on an approach that will facilitate an interoperable m-payments infrastructure in the future.
Mobile to Become 'Fourth Channel' for Retailers - Study June 5, 2008
Mobile phones are becoming a major purchasing channel for consumers and represent a huge opportunity for e-tailers to capture new revenue, according to research from Cisco Systems.
PayPal Offers Cash Back to Shift Users From Credit Cards June 4, 2008
Seeking Alpha - New York,NY,USA 3-4 yrs ago this seemed unlikely, but today you have Google (GOOG) Checkout, BillMeLater and there is some chatter that other large players are set to enter...
The many ways to deal with online payment fraud June 1, 2008
InternetRetailer.com - Chicago,IL,USA Although online payment fraud as a percent of online revenue has shrunk to less than half of what it was several years ago—falling to 1.4% in 2007 from 3.6%.
Mobile banking is just around the corner May 30, 2008
Milwaukee Small Business Times - Milwaukee,WI,USA Upcoming mobile banking products and solutions will offer wireless access to multiple account features and to new payment systems.
What's Bugging E-Tail Security? May 30, 2008
Software security breaches add up in recent headlines alone: $13 million in losses; 45.6 million credit cards stolen; recovery costs at $256 million dollars and mounting; and companies driven into bankruptcy or out of business. Financially motivated targeted attacks are becoming more prevalent, and new vulnerabilities continue to be reported, according to industry research firm Gartner.
Financial Security Threats Worry Americans May 26, 2008
U.S consumers have become increasingly concerned about financial security issues and identity theft over the last year, the latest Unisys Security Index global survey reveals. The Index presents a social indicator of how safe consumers feel in relation to four areas of security: national, financial, Internet and personal safety.
Online purchase fraud will rise through 2010, Javelin says May 23, 2008
2.3 million consumers were victims of fraudulent online purchases with their credit and debit cards last year, says Javelin Strategy & Research. That number will peak at 2.7 million in 2010, then trend downward as online merchants strengthen security.
Credit card fraud up 25% last year May 21, 2008
London Stock Exchange - London, England, UK, Cathy Neal, a spokesperson for Which?, called for other countries to follow the UK's lead and introduce Chip and Pin to make it harder for fraud to take place.
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