Tuesday , December 11, 2018

E-Commerce

Frequency of Breaches Points up Limited Capabilities of Cybersecurity Teams, Survey Says

Data breaches have grown so frequent that at least some observers have begun to question whether cybersecurity staffs within corporate and government entities are up to the challenge of stopping them. “You just have to look at the continued ubiquity of breaches in the headlines to know that we’re losing …

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PCI Council Leadership Shifts Gears, and the Organization Adds 3-D Secure Standards

The PCI Security Standards Council is without a general manager as the organization that establishes electronic-payments security standards prepares to go in a new direction with its leadership. Out is Stephen W. Orfei, who joined the council in 2014 as general manager and replaced Bob Russo, the council’s original G.M. …

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Americans’ ‘Password Hygiene’ Is Getting Worse, International Study Finds

Despite non-stop news reports about data breaches, Americans over the past year have gotten sloppier about their usage of passwords to protect their financial accounts online. That’s the word from research firm Aite Group LLC and Visa Inc., which recently announced results of their second annual Global Security Engagement Scorecard …

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Tokenization Gets a Boost as The Clearing House Signs on To Manage Mastercard Tokens

The Clearing House, a major player in U.S. payments, is getting deeper into the tokenization business through a new pact with Mastercard Inc. New York City-based The Clearing House and Mastercard announced Thursday that TCH has become a Mastercard-certified third-party Token Service Provider (TSP). As such, TCH will be able …

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While Lauding a Strong Quarter, PayPal Brass Looks to ‘Monetize’ Venmo And Launch NFC

With Venmo accounting for a swiftly growing share of PayPal’s total payment volume, the company’s top brass left no doubt on Thursday they are eager to start making the peer-to-peer payment service start paying its way. “We [now] begin to monetize Venmo,” PayPal chief executive Dan Schulman told equity analysts …

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Visa ID Intelligence Aims To Be A Digital Authentication Hub

Issuers, merchants, and processors all share the same dilemma when attempting to authenticate an online identity. They are bedeviled by personally identifiable information easily accessible to criminals that they can use to spoof authentic consumers. In response, Visa Inc. on Thursday announced the Visa ID Intelligence service, which it says …

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The Clearing House Gets TSP Certification and other Digital Transactions News briefs from 10/19/17

From the Oops Department: First Data Corp. early Thursday quickly removed from its Web site an inadvertently posted press release saying it had a deal to acquire independent sales organization BluePay Holdings Inc. “First Data confirmed that it is currently in discussions with BluePay with respect to a potential transaction, …

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Tech Buzzwords Don’t Cut It as Skeptical Investors Assess Payment Startups

Moderating a panel of three investment executives who put money into startup payments firms and other financial-technology companies, Frank Young, senior vice president of innovation at merchant processor Global Payments Inc., noticed well into the Strategic Leadership Forum session Thursday that no one had mentioned artificial intelligence, machine learning, the …

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Fraud-Control Expenses and Chargebacks Consume More of Merchants’ Revenues

Fraud-related expenses for merchants are rising as a percentage of revenues, and merchants now spend 10 times as much preventing fraud as they lose to chargebacks, according to new findings from Javelin Strategy & Research. Pleasanton, Calif.-based Javelin says its June study of 497 e-commerce merchants found that merchants in …

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