Digital Transactions Authoritative, insightful and timely information for payments professionals
Google Inc. is paying new customers of its Google Checkout $10 to sign up for the service under a promotion launched this month and scheduled to run through Feb. 15. The promotion represents the latest in a number of marketing efforts for both merchants and consumers the Mountain View, Calif.-based …
Read More »Online Fraudsters Continue to Churn out Multiple Phishing Sites
The sudden proliferation of Web sites hosting phishing attacks that began in October cooled only slightly in November, as online fraudsters continue to create multiple sub-domains to foil anti-phishing filters. The number of unique phishing sites came to 37,439, essentially flat with the 37,444 reported for October, according to the …
Read More »New Phishing Tool Lets Fraudsters Harvest Data From Legitimate Sites
RSA Security Inc. on Wednesday announced its analysts had discovered a powerful new phishing tool fraudsters are selling via online forums and using to hoodwink consumers. The tool, which RSA calls a “universal man-in-the-middle phishing kit,” allows phishers to set up a URL that can interact in real time with …
Read More »Chase Paymentech Reaps E-Commerce Gains From Holiday Traffic
While some analysts and retailers are describing the 2006 holiday spending period as mediocre, the recently ended season turned out to be bountiful for the nation's leading merchant acquirer, Dallas-based Chase Paymentech Solutions LLC. Chase Paymentech, which publishes its Chase Paymentech Pulse Index of holiday transaction and sales volume generated …
Read More »Early Success at TigerDirect Could Boost SECURE-eBill’s Prospects
It's early yet, but both daily transactions and average order value have been rising for payments accepted by TigerDirect Inc.'s Web site through online payment system SECURE-eBill, says Marwan Forzley, the chief executive of Ottawa-based MODASolutions, which markets the system to online merchants. TigerDirect, a Miami-based merchant that sells electronics …
Read More »Invitations for PayPal’s Virtual Debit Card ‘Beta’ Top 3 Million Users
More than 3 million PayPal users have been invited to try the online processor's virtual debit card since it was introduced in July, a PayPal executive responsible for the product tells Digital Transactions News. That represents almost 10% of PayPal's total active account base. The card, which links to users' …
Read More »PayPal Says Monster Signing Sets Stage for ’07 Site Recruitment
PayPal Inc., the online payment service of online auction firm eBay Inc., has signed another big company in its quest to expand beyond eBay users, and the processor says more such clients are coming next year. This week, Monster, the leading online job-search and recruitment service, said it has begun …
Read More »Rebranded, ClickandBuy Adds an E-Wallet And Phone Billing, Eyes P2P
Online payments processor ClickandBuy this week announced what it calls “Version 2.0” of its digital-content platform, which includes an electronic wallet, long-awaited billing through two major U.S. phone companies, lower merchant pricing, and a new name, to boot. Parent company Firstgate Internet AG of Zug, Switzerland, has chucked the ampersand …
Read More »Spoofed Sites Proliferate As Phishers Seek To Foil Toolbars, Other Filters
A new tactic used by Internet fraudsters is causing a dramatic upsurge in the number of Web sites hosting phishing attacks. The number of fake sites phishing fraudsters use to con Internet users into giving up PINs, passwords, and other confidential information soared to 37,444 in October, up nearly nine-fold …
Read More »Can Twelve More Months of Free Processing Make Checkout Click?
Google Inc.'s decision to extend Checkout's offer of free processing to the end of 2007, which it announced Wednesday, could help the 6-month-old online payments service attract more merchants at a time when it's not only up against heavy-duty competition, but also facing skepticism from some online sellers. The new …
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