Monday , December 10, 2018

Fraud & Security

AmEx Announces Small Business Saturday Plans and other Digital Transactions News briefs from 11/1/18

By 2023, in-car commerce will total $265 billion annually on more than 8.2 billion transactions from 775 million consumer vehicles, according to projections from Juniper Research. American Express Co. announced a slate of programs for its ninth annual Small Business Saturday, set for Nov. 24. Mastercard Inc. said it will work with …

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Mastercard CEO ‘Very, Very Optimistic’ About the Coming Common Buy Button for E-Commerce

Mastercard Inc. president and chief executive Ajay Banga says he’s “very, very optimistic” about the Secure Remote Commerce initiative to reduce clutter on online checkout pages. Banga’s comments came Tuesday morning as he reviewed Mastercard’s results for the third quarter, a period in which U.S. purchase volume rose 10.7% year-over-year …

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As The 2018 Holiday Shopping Season Approaches, So Too Do Criminals, Especially for Online Merchants

Merchants should expect even more consumers to shop online this holiday shopping season. They also should expect even more fraud attempts. New research from Riskified, an Israel-based data-security provider, and cybersecurity firm IntSights finds that the number of false retailer Web sites meant to get consumers to give up their …

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As an E-Commerce Payment Spec Goes out for Comment, ‘Commercial Applications’ Could Emerge by Early Spring

With a major new—and somewhat controversial—e-commerce standard now entering a 45-day comment phase, the payments industry is likely to have at least some “commercial applications” ready by early spring, the top executive in charge of Visa Inc.’s implementation tells Digital Transactions News. The specification, known as Secure Remote Commerce, has …

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EMS Buys POS System Developer and other Digital Transactions News briefs from 10/23/18

Electronic Merchant Systems announced the acquisition of Total Touch POS, a POS system developer for the hospitality industry. Terms were not disclosed. Bank of America Merchant Services, along with First Data Corp., announced it integrated BlueSnap Inc.’s All-in-one Payment Platform into its system. BAMS is the first integration since First …

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Card Fraud and Account Takeovers Continue to Haunt Multiple Industries, Says IDology

Credit, debit, and prepaid card fraud shows no signs of retreat, finds the Sixth Annual Fraud Report from IDology, an Atlanta-based identity-verification company. Sixty-seven percent of executive respondents to an IDology survey said card-based fraud is most prevalent among their industries. That compares to 65% in 2017. Other fraud types …

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Eye on POS Terminals: Equinox Sounds Out Payments; Verifone Helps the Blind Make a Payment; Ingenico’s Semi-Integrated Service

Point-of-sale terminal maker Equinox Payments announced an audible way to pay with the integration of LISNR ultrasonic technology. Phoenix-based Equinox said it is the first POS terminal maker to license the proprietary LISNR tech. Using inaudible sounds, the tech enables a smart phone to communicate and share data with devices …

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Klarna Launches Slice it in 4 Payment Option and other Digital Transactions News briefs from 10/22/18

Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant. Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service …

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CardinalCommerce Notes 3-D Secure 2.1 Milestone and other Digital Transactions News briefs from 10/19/18

E-commerce payments provider CardinalCommerce said it completed its first series of 3-D Secure 2.1 transactions with American Express Co., Mastercard Inc., and Visa Inc. The transactions, which were not part of a test, were part of an early-adopter program in which merchants and issuers enabled EMV 3-D Secure 2.1 via CardinalCommerce, …

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Visa And Mastercard Announce Moves to Ease And Secure Online Commerce

Concepts like tokenization, biometrics, and secure e-commerce have attracted much attention in recent years, and in the past couple of days the nation’s two major payments networks have moved to bring that concept closer to reality for online payments. Visa on Thursday announced a deal with Netflix Inc. to expand …

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