Tuesday , December 24, 2024

Fraud & Security

Electronic Payments Coalition Says Retailers Should ‘Pull Their Weight’ To Improve Payments

A lobbying group of payment networks and card issuers released consumer survey results Monday that it says show merchants should “step up and catch up” regarding payment card security and innovation. “Time and time again, retailers have shown they are more interested in cutting their own costs instead of making …

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As Mobile’s Importance Increases, Ease of Use And Fraud Risk Take on a Higher Profile

By 2020, nearly 33% of merchants say the mobile channel will account for at least half of their total revenue. This, and other mobile-payments insights, come from the Kount Inc. 2018 Mobile Payments & Fraud Survey released Thursday. Now in its sixth year, the survey of almost 600 merchants found …

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Overtaking Venmo and other Digital Transactions News briefs from 6/13/18

Investors jumped on shares of Netherlands-based payment processor Adyen Wednesday after the company priced its initial stock offering on the high end of its expected range at €240 ($282.48) per share. As of late morning Eastern time, the stock had more than doubled to €480.30 ($565.31) per share, prompting talk …

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Worldpay Tests Dynamic CVV Cards in Anticipation of Broader Availability

Worldpay Inc. is adding another tool for financial institutions in their efforts to curtail the pricey and nuisance-laden aftereffects of rampant data breaches. The company’s solution comes in the form of credit and debit cards that use a dynamic card-verification value. Cincinnati-based Worldpay is testing the Motion Code-enabled credit and …

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Merchant Groups and PIN-Debit Networks Band Together for More Input Into Payment Security

Several national merchant trade groups and PIN-debit networks have founded an advocacy group meant to give them a bigger role in the development of electronic-payment security standards. Founding members of the new Secure Payments Partnership include the Food Marketing Institute, National Retail Federation, National Association of Convenience Stores, National Grocers …

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A New Report Delivers a Cold Dose of Reality on ‘Frictionless Payments’

In the United States, at least, mobile wallets and contactless transactions in general have been a hard sell, but now research results issued Wednesday indicate so-called frictionless payments may themselves hold less attraction for consumers than many had thought. Apps that allow users to set up a payment method and …

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With Consumer Adoption of EMV Rampant, Pockets of Merchants Work to Catch up

Merchants, especially those reliant on point-of-sale software, continue to find themselves catching up to consumers when it comes to EMV adoption. But Rent Centric Inc., developer of browser-based software for the auto-rental industry, is the latest to make EMV acceptance available to its clients. Toronto-based Rent Centric says it now …

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As Interest in Crypto Trading Grows, Blockbid Adopts Brand-Name Risk Solutions

In their short history, trading platforms specializing in cryptocurrency have struggled with the suspicion of some that they are helpmates for shady activities that depend on anonymity. To dispel that notion, the Australian exchange Blockbid Pty Ltd. on Tuesday said it is working with LexisNexis Risk Solutions and ThreatMetrix to …

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Eye on Mastercard: An Assist for FIs on Artificial Intelligence, And New ATM Services

With demand for artificial-intelligence capability soaring across most industries, Mastercard Inc. on Monday announced it is making the technology available to client institutions through a program it calls AI Express. Also on Monday, Mastercard and ATM maker Diebold Nixdorf Inc. unveiled a pair of new cardless ATM features. The new …

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Signifyd Gets a $100 Million Investment As Retailers Feel Online Fraud Pain

Vendor Signifyd Inc. said it lined up $100 million in funding to fuel its growth as an e-commerce fraud-prevention specialist. Announced this week, the Series D funding comes as retailers struggle to find effective ways to counter sophisticated online criminals amidst burgeoning online sales. E-commerce fraud over a two-year period through …

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Digital Transactions