Fraud & Security

The rising problem of e-commerce fraud and related issues like false declines is prompting anti-fraud software companies to roll out solutions. On Thursday, Ethoca Inc. launched a new service with three lines of defense that the Toronto-based company says can potentially eliminate 90% of e-commerce chargebacks. Ethoca’s Integrated Solution Suite includes …

The PCI Security Standards Council is making changes to its qualified integrators and resellers certification program by reducing the fee to $100, making the certification an individual one, and shortening the training-course time, the council announced Wednesday. Launched in 2012, the QIR program’s focus has been on improving payments security for …

Merchants wondering whether it’s worth it to invest in improving the consumer experience on their mobile Web sites or mobile-shopping apps may want to consider the findings of Worldpay Inc.’s “Mobile Payment Journey” survey. In the survey, released this week, 37% of U.S. consumers said they would spend more for …

The Federal Reserve announced Thursday it is shutting down its Secure Payments Task Force this month. The Fed invited its more than 200 members, made up of payments executives from across the financial-services industry, to work with its FedPayments Improvement Community. Members may also participate in “new collaborative industry work …

Equifax Inc. said it expects costs from its massive 2017 data breach to hit $275 million this year, offset by $75 million in insurance proceeds, Reuters reported. The credit-reporting agency also disclosed that another 2.4 million people were affected by the cyber attack in addition to the more than 145 …

At a time when the payment card industry continues to struggle with the consequences of data breaches, the last thing acquirers and issuers need is a slowdown in merchant compliance with critical data-security rules. Yet that is what’s going on, warn the Merchant Acquirers Committee and ControlScan Inc. in survey …

Discover Financial Services cardholders will be able to make point-of-sale contactless purchases with wearables and Internet of Things devices that use FitPay Inc.’s FitPay Payment Platform under an agreement announced Monday by the two companies. The new service will provision payment credentials using the Discover Digital Exchange, Riverwoods, Ill.-based Discover’s …

Some 27% of executives with responsibility for their organization’s mobile devices said their firm had experienced a security incident in the past year involving the loss of data or system downtime in which mobile devices played a key role, according to new findings from Verizon Communications Inc. In addition, 32% …

Some 2.7 million merchant locations, or 59% of U.S. storefronts, were accepting EMV chip cards as of December, according to the latest update from Visa Inc., issued Friday. That’s up from 392,000 locations in September 2015, just before the major card networks began enforcing a mandate for chip card acceptance. …

Visa Inc. launched Token Management Service, a service it says will make it easier for users to manage tokenized payment card data from multiple sources and across multiple channels, the card network announced Thursday. Designed to complement the Visa Token Service, the new program provides a way for merchants to use …