Fraud & Security

• Payments-services provider ACI Worldwide Inc. said it expects the rate of attempted online fraud in the United States during the holiday shopping season will increase 43% over the same period last year, based on transaction data it has seen so far. This increase follows U.S. adoption of EMV cards at the …

By Peter Lucas @DTPaymentNews A combination of better fraud-detection technologies and stronger consumer-authentication strategies is helping e-commerce merchants hold the line on fraud losses, a study from payments consultancy Mercator Advisory Group says. This is the case even though more criminals are practicing their dark art in the online channel …

By Peter Lucas @DTPaymentNews Sweden-based e-commerce payments provider Klarna continues to expand its footprint in the United States by doubling its user base and adding new features to enhance the user experience. More than 2 million U.S. consumers now use Klarna’s streamlined checkout service, generating hundreds of millions of dollars …

By Jim Daly@DTPaymentNews The PCI Security Standards Council is devising recommendations for protecting payment transactions on devices connected to the Internet of Things, a network with endpoints researchers say already number in the billions. The Wakefield, Mass.-based PCI Council, which oversees a number of security standards for the protection of …

• In yet another event related to payment card data security at hotels, Sentinel Hotel announced it is investigating an incident involving cards used at its front desks after receiving reports from some of its guests of unauthorized charges. • While 22% of consumers overall prefer to receive coupons through …

By John Stewart @DTPaymentNews Debit card transactions with PIN authentication have historically been seen as the most secure form of payment available, but lately some experts have had cause to wonder. In fact, while credit card fraud losses are declining, losses on PIN debit transactions for payment and at ATMs …

By John Stewart @DTPaymentNews If the payments industry is expecting a sharp rise in online fraud, it can stop holding its breath. It’s already happening, and with the official holiday-shopping season getting under way, it’s going to get a lot worse. Yet, just as attacks are growing more numerous, funding …

By Jim Daly@DTPaymentNews The new version of the 3-D Secure online-authentication technology is better for merchants and consumers and thus likely to get more adoption than the old version, according to security experts. EMVCo, the chip card standards body owned by the world’s six leading payment card networks, released 3-D …

By John Stewart@DTPaymentNews Online merchants are dreading an onslaught of fraud, but what they should really brace for is a much bigger problem: so-called new version, which comes from EMVCo, the standards body controlled by the global card brands, will work in-app as well as within browser-based shopping sessions and …

• Chip card standards body EMVCo issued 3-D Secure 2.0, its update of the 3-D Secure technology for protecting e-commerce transactions. The new specification supports app-based purchases on mobile and other devices and will streamline the checkout process in order reduce transaction abandonment, EMVCo says. • MasterCard Inc. announced plans to …