Friday , November 8, 2024

Card Testing Fraud Rate Increases and other Digital Transactions News briefs

• Former Heartland Payment Systems Inc. chief executive Bob Carr has returned to the payments industry with Beyond, a payments provider. Announced Monday, Beyond, on its Web site, says it will provide payment processing, integrated payments, lending services, and business-management services. Carr had been the leader of Heartland, which Global Payments Inc. acquired for $4.3 billion in 2016.

• So-called card testing, a tactic by which fraudsters test stolen credit card numbers by making small purchases online before trying big-value transactions, was up 200% in the first quarter compared to the same period in 2016, presaging a major jump in e-commerce fraud, according to Radial’s e-Commerce Fraud Technology Lab.

• Payments provider Electronic Payments Inc. said it completed the validation of its Exatouch point-of-sale system to the Payment Application Data Security Standard version 3.2.

• Payments-infrastructure provider Transaction Network Services Inc. has agreed to support Paymark, a payment network in New Zealand, as it seeks to introduce new point-of-sale services.

• Novera Payments Solutions LLC announced its payments services are available to users of BetterWalker, software for pet business owners.

• Mobile-payments apps such as those from Square and PayPal rank second among technology tools that help small businesses grow, according to a survey of small-business owners by Endurance International Group. Social-media tools rank first, with a 41% response, followed by the payments apps at 20%.

• Discover Financial Services and American Express Co. shared the number-one ranking among credit card brands for brand loyalty among consumers, according to an annual study by researcher Brand Keys Inc.

• Payments processor Computer Services Inc. elected technology executive Kristin Rudolph Muhlner to its board of directors.

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