E-Commerce

With digital currencies booming in popularity over the past year or so, the security of the digital exchanges that convert users’ fiat money into cryptocurrencies like Bitcoin is coming into clearer focus—and the picture isn’t consistently pretty, according to a survey released this week. Some popular exchanges allow users to …

Visa Inc. is altering its chargeback-resolution program to condense the reason codes into four categories, amend the time to resolve a disputed transaction, and make other changes. According to data on a Chase Paymentech site, the changes are set to go into effect April 15 because the card brand wants to …

Square Inc. is testing a program that gives consumers $1 off purchases at coffee shops when they pay with Square Cash, MarketWatch reported. Payout provider Hyperwallet announced that tilr, a recruiting platform, is using Hyperwallet for payouts to its clients. Candex, a business-services payments provider for purchases of under $100,000, …

Machine learning and huge swaths of data are being enlisted in the battle to counter online fraud, with CyberSource announcing an enhancement to its fraud-prevention service and processor Worldpay Inc. launching a new fraud-prevention service Wednesday at MRC 2018, the annual conference held by the Merchant Risk Council. CyberSource, a …

The Electronic Transactions Association announced its inaugural group of “Forty Under 40” up-and-coming payments-industry leaders. Cubic Corp. said its Cubic Transportation Systems unit and John Laing, a builder of mass-transit infrastructure, came to terms with the Massachusetts Bay Transportation Authority to build and operate a new fare-payment system, including contactless bank card payments through …

E-commerce fraud over a two-year period through the end of 2017 increased 7% across all merchant categories, finds the Ecommerce Fraud Index released Tuesday by fraud-prevention specialist Signifyd Inc. The index reported the level of total fraud losses increased from 3.8% of sales volume in 2016 to 4.09% in 2017. …

When Alphabet Inc. last month rebranded its mobile-payment service as Google Pay, it said further changes and features were coming. On Monday, it began to deliver on that prediction with dual announcements that herald an expansion of the service’s availability online and bring it to the potentially enormous market for …

Only 8% of respondents in an HRC Retail Advisory survey said having the option to use a mobile payment in a store was important to them. The survey also found that 30% said being able to complete a transaction anywhere in the store was important. Event-organizing service SignUpGenius Inc. enhanced its …

The home-delivery craze is starting to manifest itself at other venues, with the airport representing the latest example. With a new mobile app, harried passengers can have food or other products from airport stores delivered to them as they sit at their gates. The free app, called AtYourGate, comes from …

The rising problem of e-commerce fraud and related issues like false declines is prompting anti-fraud software companies to roll out solutions. On Thursday, Ethoca Inc. launched a new service with three lines of defense that the Toronto-based company says can potentially eliminate 90% of e-commerce chargebacks. Ethoca’s Integrated Solution Suite includes …