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The number of unique phishing attacks and the population of Web sites involved in the online fraud both hit all-time highs in May, following a disturbing trend of dramatic month-to-month increases since late 2005, according to the Anti-Phishing Working Group. Reports of unique attacks?discrete e-mail blasts sent to consumers by …
Read More »Retailers Say, ‘Show Us the Fines’ on PCI, E-Commerce Exec Says
Merchants' sluggishness in achieving compliance with the Payment Card Industry data-security standard (PCI) is a source of some frustration to vendors like LaGarde Inc., but Michael Levin, executive vice president of marketing and business development for the Olathe, Kan.-based marketer of shopping-cart software for e-commerce, doesn't see the pace picking …
Read More »BidPay Re-launches with New Pricing, Chargeback Policy
BidPay.com Inc., an online auction-payment processor that was shut down in December by owner First Data Corp., went live again this week with new pricing, international sales support, and a strategy to appeal to sellers by offering protection against certain chargebacks. The re-launch follows the March 2006 acquisition of BidPay …
Read More »E-Retailers’ Order-Review Logjams Create a New Software Market
Online retailers have long deployed front-end screening systems to check card-not-present transactions for fraud. A new software product announced Tuesday, however, is apparently the first commercially available product to automate what is now a heavily manual process of checking orders that don't pass these screens and yet are not unambiguously …
Read More »Alternative Payments Are Gaining Online, But Not All Retailers Are Sold
The share of e-commerce dollars coming from so-called alternative payment methods will grow from 12% in 2005 to 26% in 2009, an electronic-payments expert says. And two such alternatives emerging only now will gain momentum over the coming three years, with PIN debit accounting for about 3% and NACHA's new …
Read More »A Busy ATM Direct Looks to Add Another Network, More Online Retailers
ATM Direct, which this week announced agreements with an electronic funds transfer network and an Internet merchant to process PIN-secured debit card payments on the Web, has signed another online retailer, which will go live on its system in August, Robert Ziegler, senior vice president and general manager of the …
Read More »CyberSource Bids to Relieve Online Retailers’ PCI Headaches
In a bid to meet what appears to be a clear market demand for services to help online merchants satisfy card-data security rules, CyberSource Corp. Tuesday launched a product that removes merchants from the business of handling and storing payment data. The move comes as merchants and processors increasingly find …
Read More »ATM Direct Scores First EFT Network for Web-Based PIN Debit
In a development that could lead to the first significant use of PIN debit for Internet transactions, the ACCEL/Exchange electronic funds transfer network has agreed to handle PIN-secured debit card transactions processed by ATM Direct, a unit of San Francisco-based Pay By Touch Inc. The network, which is based in …
Read More »Yahoo!’s New Pact with eBay Promises More Payments for PayPal
A multi-faceted marketing partnership between giant Internet portal Yahoo! Inc. and PayPal Inc., announced last week, seems likely to drive a significant flow of transaction volume to online auction provider eBay Inc.'s payment service. According to Nielsen//NetRatings, Sunnyvale, Calif.-based Yahoo! is the No. 2 parent company in terms of visited …
Read More »Phishing Takes Another Sharp Turn in the Wrong Direction As Sites Soar
The number of unique Web sites hosting phishing attacks, a figure that has been increasing sharply in recent months, took another huge upturn in April, according to the latest statistics from the Anti-Phishing Working Group. The population of such sites jumped 15% last month, to 11,121, the APWG's April report, …
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