Fraud & Security

Forty-five percent of U.S. consumers are ordering online more often than usual as a result of restrictions stemming from Covid-19, and 34% are making more purchases with contactless or mobile-payment options, according to an online survey of 807 U.S. adults by Auriemma Group, a financial-services consulting firm. The firm also surveyed consumers …

Fiserv Inc. and the former head of an independent sales organization will pay $40.2 million to settle charges brought by the Federal Trade Commission stemming from alleged illegal actions committed by the ISO from 2012 to 2014 while it obtained processing services from First Data Merchant Services, whose parent company …

All four card brands have now delayed for the second time their EMV liability shifts for automated fuel dispensers with Mastercard Inc.’s Monday announcement it would postpone its shift until April 16. The original shift was to have taken place in October 2017, but was deferred until October 2020. Along …

E-commerce facilitator WooCommerce launched WooCommerce Payments to provide checkout and payments-management capability for merchants on its platform. Transaction fees start at 2.9% plus 30 cents for U.S.-issued cards.ACI Worldwide Inc. announced Wundr Group Ltd., a retail payments platform specializing in cross-border transactions, will use ACI’s UP eCommerce Payments technology, which links to card-transaction …

Twenty-seven percent of U.S. consumers are past due on an at least one bill and nearly 50% will need a year to catch up on bills because of the Covid-19 pandemic, finds a study from YouGov and ACI Worldwide Inc. Of the nearly 1,400 surveyed, 81% said their mortgages and 78% said …

Payments providers and acquirers are having to quickly adjust to evolving risk practices as chargeback volume and return rates change during the nationwide Covid-19 containment. That’s important because the Federal Trade Commission, in particular, is using these two metrics as potential indicators of misdeeds, advised panelists Wednesday in the “Regulatory …

With the world rushing to their phones, tablets, and PCs to buy what they need and want at a time when most physical stores are closed, the payment networks are maneuvering to smooth out online transactions. This includes chucking clunky checkouts and opening the way for transactions to go ahead …

Amid stay-at-home and social-distancing orders, 40% of consumers say they will shop online more in the future than in-store, while 45% are using a mobile wallet and 16% are using paper currency less, according to a survey of 1,030 consumers by Fidelity National Information Services Inc. (FIS). Some 31% will use …

The general-retail sector of e-commerce saw a 209% increase in sales volume in April, topping all other retail sectors, according to numbers from ACI Worldwide Inc. Not surprisingly, ticketing (down 99%) and travel (negative 91%) topped the list of online sectors with declines.Cardlytics Inc., which plans marketing programs based on intelligence gathered …

Fidelity National Information Services Inc. (FIS) reported $935 million in revenue in its merchant solutions segment in the first quarter of 2020, a 1,770% increase from $50 million a year ago. That’s a reflection of the integration of acquirer Worldpay, which FIS purchased last year. Sales were up in non-discretionary verticals, online …