Tuesday , December 11, 2018

E-Commerce

Items Like Screenshots And Dates Are Vital Info Under the New Visa Claims Resolution Program

E-commerce merchants are beginning to learn efficient ways to navigate the newly launched Visa Claims Resolution program for managing chargebacks. With the increasing emphasis among consumers and merchants on making more of their transactions in the digital realm, Visa Inc. launched in April its new chargeback-resolution program that includes shortened …

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Paya Offers CardFlight’s SwipeSimple and other Digital Transactions News briefs from 5/16/18

First American Payment Systems LP announced an integration with the Uluro billing and communication platform that is used across multiple industries. Payments provider Paya said it now offers the CardFlight SwipeSimple product to its merchants. Merchant processor Payment Data Systems announced record revenue of $5.8 million in the first quarter, …

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Florida County Government Accepts Bitcoin and other Digital Transactions News briefs

Fraud-mitigation specialist Verifi released its “The Chargeback Triangle” report, completed by Javelin Strategy & Research, that found consumer disputes and chargebacks created $31 billion in financial losses in 2017, with merchants taking on almost $19 billion and issuing banks $12 billion. It also found that for every dollar in a …

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U.S. Worldpay Merchants Begin Migration to Vantiv Platform

Worldpay Inc. reported Thursday that the integration of its predecessor companies, U.S.-based Vantiv Inc. and United Kingdom-based Worldpay Group plc, continued apace in the first quarter, and that revenues on a combined basis grew 12% year-over-year. The 115,000 merchants served by pre-merger Worldpay’s Atlanta-based U.S. operation are moving to Vantiv’s …

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With Synthetic ID Fraud Losses Soaring, Complications Beset a Search for Solutions

Cyberthieves can use the payment credentials they steal to charge products to the people who are the legitimate owners of that data. That’s bad enough. But increasingly, these fraudsters are using the information they glean from data breaches to invent fresh identities, sometimes out of whole cloth, leaving credit card …

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Global Payments Goes Camping in Its Quest for New Integrated-Payments Partners

Merchant acquirer Global Payments Inc. is teaming up with yet another company owned by private-equity firm Vista Equity Partners as it looks for new opportunities to integrate payment processing with software providers serving a wide range of businesses. Last week, Atlanta-based Global announced a deal with RA Outdoors LLC, which …

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An Airline Group Is Developing a Payment System That Would Bypass the Card Networks

An airline trade group has teamed up with Germany’s Deutsche Bank to develop a payment system that would bypass the credit card networks, potentially saving users billions in interchange. The proposal comes from the International Air Transport Association, which says it has 280 members representing 83% of air traffic. The …

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Risk Levels Surge for E-Commerce And for Payment Processors, Finds ThreatMetrix

E-commerce attacks increased 93% in the first quarter of 2018 in comparison to the same quarter a year ago, finds the Q1 2018 Cybercrime Report from ThreatMetrix, a unit of LexisNexis Risk Solutions. Based on an analysis of 210 million attacks ThreatMetrix detected and stopped on behalf of its clients, …

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Evertec Revenue Increases and other Digital Transactions News briefs from 5/3/18

Amazon.com Inc. said Amazon Pay for Alexa Skills is generally available to U.S. merchants and developers. The service enables consumers using Alexa, the voice assistant embedded in Amazon’s Echo devices, to pay for purchases with information already stored in their Amazon accounts. Alexa users grant the merchant’s skill permission to …

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The Economic Winds Blow Mastercard’s Way, Lifting Purchase Volumes and Profits

Strong consumer spending and a benign world economy worked in Mastercard Inc.’s favor in the first quarter, lifting the network’s U.S. purchase volume by nearly 11% and profits by over 30%. The No. 2 payment card network by volume on Wednesday reported that U.S. purchase volume rose 11% to $359 …

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