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The coming of Europay-MasterCard-Visa (EMV) chip cards to the U.S. has many American merchants worried about the inevitable shift of credit and debit card fraud from the point of sale to online channels. EMV cards, while highly effective in thwarting counterfeiting and related card-present fraud, offer no more fraud protection …
Read More »Report Documents the March of Online Alternatives to the Payments Mainstream
Alternative payments? So many people are now using services such as PayPal, Amazon Payments, Google Wallet and others that the term is becoming outmoded. In a new report, Javelin Strategy & Research says eight in 10 online shoppers have used an online alternative payment service in the past year, and …
Read More »Virtual Prepaid Payment Service Pay in Private Debuts
Consumers wanting a way to make online payments with some anonymity may be able to use the new Pay in Private virtual prepaid card service available as an iPhone or Android app. n “It’s not a solution for everybody,” Klein tells Digital Transactions News. “It’s a solution for a segment …
Read More »Visa Sticks to EMV Deadline; CEO Decries Data-Breach Blame Game and ‘Misinformation’
Visa Inc. chief executive Charles Scharf on Thursday quelled rumors that the payment network might change its October 2015 liability-shift deadline for Europay-MasterCard-Visa chip card transactions. Scharf also decried what he called “misinformation” and “confusion” about card security following December’s news of Target Corp.’s huge payment card data breach and …
Read More »Mitek Pictures Itself as a New Tech Provider in Mobile Biller-Direct Payments
Mobile-imaging software developer Mitek Systems Inc. on Wednesday announced its Mobile Photo Payments application that enables large billers to receive bill payments from consumers using their mobile devices. The service complements San Diego-based Mitek’s existing Mobile Photo Bill Pay product, which rolled out last year and is distributed mainly through …
Read More »As WePay Shutters Its Hosted Checkout, A Rival Seeks to Sign up Disappointed Merchants
At least one competitor of payment-service provider WePay Inc. is working to take advantage of WePay’s decision to cease providing a hosted checkout service for online merchants. 2Checkout.com Inc., Columbus, Ohio, this week began wooing merchants that may want to stay with a hosted checkout service rather than use the …
Read More »EBay Boss Donahoe Issues a Strong Rebuff to Raider Icahn’s Call for a PayPal Spinoff
The board of directors of eBay Inc. is “unified” in opposing a proposal from famed activist investor Carl Icahn that the company spin off its PayPal Inc. unit, eBay chief executive John Donahoe told analysts Wednesday afternoon. Calling the proposed separation a “distraction” coming just as eBay is trying to …
Read More »Tapping Its Security Reputation, Brink’s Teams with 2Checkout To Offer Online Payments
Hoping to build off its security reputation, The Brink’s Company announced Tuesday it launched Brink’s Checkout, an e-commerce payment service in conjunction with 2Checkout.com Inc., an e-commerce payment-services company. The famed armored-car company will market and sell Brink’s Checkout, while 2Checkout will provide the payment processing, oversee the merchant application …
Read More »PayPal Tests ‘In-Context Checkout’ To Let Users Pay While Staying on Merchant Site
In a bid to streamline its payment process for online retailers, PayPal Inc. is testing a service that lets users pay and check out without leaving the merchant’s site. Dubbed “in-context checkout,” the service, which is designed to work on tablets and mobile phones as well as laptops and desktops, …
Read More »Authentication Layer Helps E-Commerce Conversion Rates in Some Countries, Not in Others
The online payment card authentication technology known as Three Domain, or 3-D, Secure, and marketed as MasterCard SecureCode and Verified by Visa, have mixed impacts on e-commerce conversion rates around the world, according to a joint study commissioned by international payment gateway Adyen and consulting firm Edgar, Dunn & Co. …
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