News

December, 2015

• 2 December

  Attorneys Announce $39 Million Settlement for Target Data-Breach Class Action

  Attorneys for financial-institution plaintiffs suing Target Corp. to recoup their costs arising from Target’s massive 2013 data breach announced a $39.4 million settlement on Wednesday intended to bring their class-action lawsuit against the big-box retailer to an end. A U.S. District Court judge in St. Paul, Minn., was expected to …
• 1 December

  Luxury Items Top Online Fraudster Wish Lists, But So Do Business Services

  Just like law-abiding consumers, criminals hope to score good deals during the holiday shopping season. And luxury items and business services, such as hosting plans and search engine optimization, top their lists, finds an analysis by Forter, a San Francisco-based fraud-prevention specialist. In a report released on Monday, Forter analyzed …

November, 2015

• 30 November

  Black Friday Continues As an Online Hit, But Thanksgiving Not Far Behind

  Holiday shoppers took advantage of online deals on Thanksgiving and Black Friday, the day after Thanksgiving, ringing up $2.8 billion in sales for retailers, according to research firm comScore Inc. Online sales on Thanksgiving topped $1.1 billion, a 9% increase from $1 billion in 2014. Black Friday sales of $1.7 …
• 30 November

  PayPal Steadies Itself After the Cyber Monday Crush Rocks Its Payments Service

  By John Stewart It was bad, but it could have been much worse. Just as the celebrated Cyber Monday online-shopping frenzy was gearing up to full blast, PayPal Holdings Inc.’s payment service, a major processor for e-commerce, began hiccupping. Merchants reported problems with processing orders and customers complained about long …
• 25 November

  Retailers, Restaurants Outpace Other Merchant Types for Awareness of EMV And Liability

  Retailers and restaurants have a higher degree of awareness about EMV and its accompanying liability shift than other merchant types, finds the Paychex Small Business Survey, released Tuesday. In the survey of more than 760 small-business owners between Oct. 14 and Oct. 27, 69% of those in retail and restaurants …
• 25 November

  Holiday Mobile Payments Predicted To Grow 47%, With All E-Commerce Up 14%

  Powered by growth in mobile payments, so-called digital commerce for 2015’s holiday season will grow 14.3% to $70.1 billion from last season’s $61.3 billion, Internet metrics firm comScore Inc. predicted Wednesday. Reston, Va.-based comScore defines digital commerce to include desktop e-commerce and mobile commerce. The firm predicts desktop e-commerce for …
• 24 November

  Of Two Minds on EMV: Consumers Like the Security, but Many Are Annoyed at Checkout

  New findings about the public’s attitudes toward EMV chip cards and their disruptive potential show consumers appreciate the improved security over magnetic-stripe card payments. Still, many consumers are bothered by the new transaction processes, enough so that some will avoid stores where they know they have to insert a chip …
• 24 November

  Visa Says It’s ‘Extremely Encouraged’ by Results From EMV’s First Official Month

  Visa Inc. on Tuesday reported U.S. EMV chip card statistics for October, the first month in which the payment card networks’ EMV liability shifts for point-of-sale transactions took effect. The numbers show EMV’s footprint is still small, but growing rapidly. There are now 180.6 million Visa-branded chip cards in the …
• 23 November

  Universal Card Provider ScramCard Pegs its Pitch on Mitigating Fraud Risk

  Backers of ScramCard, a new universal card that offers consumers the ability to load multiple credit and debit cards onto one card, hope messages touting its potential security and fraud-mitigation benefits will reach welcoming ears. Like other universal cards, ScramCard enables consumers to load their payment card details onto the …
• 23 November

  Holiday Spending May Feature More Debit And Cash. Mobile Payments? Not So Much

  By John Stewart The annual holiday-spending frenzy is about to kick off, and if a consumer survey released on Monday is any indication, it will feature a lot more debit card and cash usage and a lot less mobile payment than you might have expected. Some 39% of consumers intend …