Consumers are expected to use their smart phones and tablets to do more than check prices this holiday season. More of them expect to make mobile-commerce purchases—forecasted to reach $1.6 billion on Thanksgiving Day, Black Friday, and Cyber Monday— finds the Adobe Digital Index, a research service from Adobe …
Read More »Pala Interactive To Use Optimal Payments for Its Online Gaming Service
Pala Interactive LLC, an online gambling operator, will use payment-processing services from Optimal Payments Plc, Optimal announced this week. Online gambling revenue in the United States is forecasted to be $2.6 billion by 2017, according to one estimate. Another estimate, from Odobo and H2 Gambling Capital, forecasts $7.7 billion …
Read More »PayPal Turns to InComm To Boost Digital Gift Card Presence
PayPal Inc. will use electronic gift card services from InComm Holdings Inc., a move that will enable PayPal to expand the number of retailers’ gift cards that it sells on the PayPal Digital Gifts store and in the eBay marketplace. PayPal, a unit of San Jose, Calif.-based eBay Inc., …
Read More »Survey Pinpoints Arizona City As Top Chargeback Location As ‘Friendly Fraud’ Continues to Plague Online Retailers
Want to know where the chargebacks are coming from? Chargebacks911 has ranked the top five U.S. cities in terms of chargeback rates, placing a ZIP code in Show Low, Ariz., with a 2.2% rate, at the top. The study of 500,000 chargebacks of e-commerce transactions made in 2013 indicates …
Read More »Mailings Promoting EMV Cards Pick Up As Issuers Prepare For Liability Shift
The message about the coming shift to chip card payments using the Europay-MasterCard-Visa (EMV) standard is getting out there, says Competiscan, a direct marketing firm. The Chicago-based firm says its analysis finds that mentions of EMV in direct mail pieces from card issuers increased from less than 3% of …
Read More »Mozido Adding More MasterCard Mobile Payments Products
Financial and marketing services company Mozido Inc. says it will use MasterCard Inc. payment and security products to expand its services. Austin, Texas-based Mozido provides mobile payments, loyalty and offers programs to merchants, and has a white-label mobile app. This move means that Mozido products will include MasterPass, MasterCard’s …
Read More »Visa Enhanced PCI Compliance Push Slated For Jan. 1 Start
n Card network Visa Inc. plans to eke out even better merchant compliance with the Payment Card Industry Data Security Standard with a new enforcement plan targeting the largest merchants. The program is scheduled for a Jan. 1 start. That’s according to a copy of an Oct. 21 Visa Bulletin …
Read More »Federal Law Enforcement Agencies Shut Down Alleged Drug Site Silk Road 2.0 That Used Bitcoins
Federal law enforcement agencies said Thursday they arrested the person they allege ran a Web site devoted to the buying and selling of illegal drugs using the virtual currency known as Bitcoin. Officials with the U.S. Attorney for the Southern District of New York, the FBI and the Homeland …
Read More »TSYS Embraces A New Technology Approach Called Surround
Payment processor Total System Services (TSYS) this week says it is embarking on a new approach to technology, one that forms a core component of its business and information technology strategy. Called Surround, the approach is expected to lead to products that have easier integrations, greater flexibility and financial innovation, …
Read More »A New App Uses Facial Recognition and Location To Pay Tips
Tip.ly is a new app that wants to make it easier for patrons to tip their servers. The iPhone-only app is designed to solve the problem of how to leave a tip when a consumer has no cash. Consumers associate a payment card with their Tip.ly accounts. Recipients collect the …
Read More »