Debit Cards

The underground market for personally identifiable information is flourishing, with criminals paying as little as 20 cents to as much as $15 for verified credentials across the dark market. That’s the latest from RSA Security LLC, a data-security company. The Bedford, Mass.-based firm released the 2018 Cybercriminal Shopping List Tuesday, …

The consumer shift to online shopping on Thanksgiving and the following Friday, known as Black Friday, continues to increase, now accounting for 29% of shopping on these two days compared with 25% a year ago, finds research from First Data Corp. Based on data from transactions at 1.1 million brick-and-mortar …

Just days before the holiday shopping season begins in earnest, yet another indicator emerges that merchants, especially those selling electronics, should be ready for the onslaught of both legitimate transactions and those perpetrated by criminals. That’s because the recently released Forter/MRC Fraud Attack Index found that attacks against electronics retailers …

The average holiday shopper will purchase four gift cards this year, and spending volume on them will rise slightly over last year, according to results of a new survey conducted for the National Retail Federation. Based on reports from 7,439 consumers about their holiday shopping plans, the Washington, D.C.-based NRF …

More younger consumers than older ones prefer using debit cards for online shopping, finds the “Holiday Shopping Consumer Survey Results” released by Vantiv Inc. In the survey of more than 1,000 consumers, 32% of Millennials and 27% of Generation X said using a debit card was their preferred online-shopping method. …

Visa Inc. announced Monday that it has created a business unit dedicated to transit payments. The new unit debuts as public transportation agencies worldwide move away from cash and proprietary magnetic-stripe fare cards and begin accepting mobile wallets and contactless general-purpose credit and debit cards. Dubbed Visa Global Transit Solutions, …

As in the United States, Visa Inc. and Mastercard Inc. dominate card payments in Europe, but now the two U.S.-based card brands are growing on that continent partly at the expense of smaller brands they own. European issuers are systematically switching Visa Electron and Mastercard Maestro cards to simply Visa …

It’s not a pretty picture, but then anything detailing the proliferation of cybercrime isn’t likely to have a bright side. ThreatMetrix Inc., in its “2017 Q3 Cybercrime Report,” says it detected and stopped 171 million attacks in the third quarter, a 100% increase from the 2015 third quarter. The report, …

Square Inc. is still losing money, but less so, and the company made it clear Wednesday its sights are firmly fixed on selling its products and services to larger merchants. “We’re not just about micro-merchants,” chief financial officer Sarah Friar told equity analysts in a conference call to discuss the …

Gift card recipients spend on average $38 more than the value of their gift cards, a $10 increase from 2016, says First Data Corp. in its “2017 Prepaid Consumer Insights Study” released Wednesday by the giant processor. Based on the responses of more than 2,000 U.S. consumers, the report found …