E-Commerce

Selling gift cards online makes a lot of sense for many merchants, but criminals know that, too, and have quickly figured out ways to steal the cards. Now, as merchants have increased their sophistication in countering these thefts, so too have criminals figured ways to foil the merchants. “Gift cards …

With each week that passes, the so-called unified buy button concept introduced by the major card networks last month takes on more definition, but despite all the discussion, the idea of an online checkout shared by multiple payment networks remains too vague—and too futuristic—to suit some expert observers. “I keep …

E-commerce merchants are beginning to learn efficient ways to navigate the newly launched Visa Claims Resolution program for managing chargebacks. With the increasing emphasis among consumers and merchants on making more of their transactions in the digital realm, Visa Inc. launched in April its new chargeback-resolution program that includes shortened …

First American Payment Systems LP announced an integration with the Uluro billing and communication platform that is used across multiple industries. Payments provider Paya said it now offers the CardFlight SwipeSimple product to its merchants. Merchant processor Payment Data Systems announced record revenue of $5.8 million in the first quarter, …

Fraud-mitigation specialist Verifi released its “The Chargeback Triangle” report, completed by Javelin Strategy & Research, that found consumer disputes and chargebacks created $31 billion in financial losses in 2017, with merchants taking on almost $19 billion and issuing banks $12 billion. It also found that for every dollar in a …

Worldpay Inc. reported Thursday that the integration of its predecessor companies, U.S.-based Vantiv Inc. and United Kingdom-based Worldpay Group plc, continued apace in the first quarter, and that revenues on a combined basis grew 12% year-over-year. The 115,000 merchants served by pre-merger Worldpay’s Atlanta-based U.S. operation are moving to Vantiv’s …

Cyberthieves can use the payment credentials they steal to charge products to the people who are the legitimate owners of that data. That’s bad enough. But increasingly, these fraudsters are using the information they glean from data breaches to invent fresh identities, sometimes out of whole cloth, leaving credit card …

Merchant acquirer Global Payments Inc. is teaming up with yet another company owned by private-equity firm Vista Equity Partners as it looks for new opportunities to integrate payment processing with software providers serving a wide range of businesses. Last week, Atlanta-based Global announced a deal with RA Outdoors LLC, which …

An airline trade group has teamed up with Germany’s Deutsche Bank to develop a payment system that would bypass the credit card networks, potentially saving users billions in interchange. The proposal comes from the International Air Transport Association, which says it has 280 members representing 83% of air traffic. The …

E-commerce attacks increased 93% in the first quarter of 2018 in comparison to the same quarter a year ago, finds the Q1 2018 Cybercrime Report from ThreatMetrix, a unit of LexisNexis Risk Solutions. Based on an analysis of 210 million attacks ThreatMetrix detected and stopped on behalf of its clients, …