E-Commerce

Metavante Corp. on Tuesday announced software that the Milwaukee-based processor and NACHA, the rules-setting organization for the automated clearing house network, say will make it possible for more banks to participate in a new online payment product NACHA plans to start piloting in less than a month. “This [software] is …

Online merchants implementing payment alternatives to bank cards are beginning to report significant results. Since it started to accept PayPal in November, for example, online closeout retailer Overstock.com Inc. has seen the alternative payment method soar to 10% of its revenues and 12% of its orders, according to Alan Johnson, …

A problem the electronic payments industry calls “friendly fraud,” which has long dominated chargebacks for online sellers of digital goods from songs to software, is getting worse for these merchants, according to the top executive of a payments processor specializing in this market. Gene Hoffman, chairman and chief executive of …

In a move that could further the penetration of Internet-based PIN debit, a San Antonio-based processor of prepaid card transactions has adopted a device that will allow users of its electronic-wallet service to load their accounts online with credit cards and PIN debit cards. Smart Card Marketing Systems Inc., which …

A potent new technique that phishing fraudsters have started using to thwart efforts to shut down their bogus Web sites has inspired a panel at the Anti-Phishing Working Group to hammer out a new policy that would get domain registries to disable criminal sites. The new policy, called the domain …

Electronic-payment security experts predicted fraudsters would turn their attention to less-guarded telephone-based banking systems as a result of banks' efforts to beef up online-banking security in the wake of federal regulations promulgated in 2005. Now comes a new study about identity fraud, which, while not showing a causal relationship, gives …

PayPal Inc.'s rapidly growing payment volume, coupled with its increasing penetration of markets not related to its mainline eBay Inc. business, led to the e-commerce processor's announcement this week that it had agreed to buy an Israeli technology firm, Fraud Sciences Ltd., for $169 million in cash. PayPal says the …

Much ado is made about stopping phishing scams, database breaches, and related payment card fraud before it actually happens. But what about legitimate transactions that subsequently generate questionable or outright fraudulent chargebacks, leaving the merchant without revenue after having shipped the goods? A New York payments company called Chargeback File …

While processors continue to struggle with the economics of micropayments, Javien Digital Payment Solutions Inc. may have found a way to make the tricky payments work. The McLean, Va.-based processor, which this week introduced a payments gateway to go along with a payment-processing platform it offers primarily to sellers of …

E-commerce sales increases outpaced those at brick-and-mortar merchants during the 2007 holiday shopping season (Digital Transactions News, Jan. 14), and that strong growth along with the recruitment of new online merchants gave a fourth-quarter lift to Internet transaction processor PayPal Inc. The San Jose, Calif.-based company handled 203.9 million transactions …