News

September, 2012

• 26 September

  Ignorance Is Not Bliss, According to Survey of Sites Compromised by Phishers

  Most owners of legitimate sites that have been compromised to support phishing attacks have no idea their site has been violated until some third party tells them, according to a recent survey. But the cluelessness doesn’t end there. Nearly half of owners of compromised sites don’t know how the attack …
• 25 September

  Eye on Mobile: Facebook Adds Carrier Billing; AmEx Supports Apple’s Passbook

  Facebook Inc. watchers have had their antennae sensitized for some time for any scrap of news that might indicate the massive social network’s tendencies in payments. The company’s Monday announcement that it has begun supporting carrier billing for digital goods sold on its platform appears to be no exception. Already, …
• 25 September

  C-Store Managers Add to Chorus of Merchants Opposing Interchange Settlement

  Merchant plaintiffs and the payment card network and bank defendants should return to the bargaining table and hammer out a new solution to the credit card interchange litigation for which they announced a proposed settlement July 13. That’s the conclusion of Aite Group LLC in releasing results of its recent …
• 24 September

  Looking to Compensate for Durbin Losses, Banks Hike ATM, NSF, Account Fees

  In what appears to be a continuing case of revenue recovery in one area when another one gets tight, financial institutions are continuing to raise ATM fees, some to record levels, according to Bankrate Inc.’s latest annual survey of bank fees. The North Palm Beach, Fla.-based provider of financial information …
• 20 September

  New Study Documents the Outsize Fraud Exposure from Mobile Payments

  Even though merchants accepting mobile payments are in the minority and mobile-payment volume is low, losses from fraud incidents for those merchants are higher than for non-mobile-accepting merchants, according to the fourth annual “LexisNexis True Cost of Fraud” study sponsored by content provider LexisNexis Risk Solutions and conducted by Javelin …
• 20 September

  Nine Retail Trade Groups Take Their Credit Card Settlement Beefs to Congress

  Numerous merchants and merchant groups have publicly declared their opposition to a controversial proposed settlement to the big credit card interchange litigation pending in federal court. In hopes of turning the settlement into a political issue, nine trade associations on Thursday took their beefs about it to Congress. In a …
• 19 September

  Transaction Growth Perks up for the ACH As Online Bill Payments Continue to Climb

  The automated clearing house network’s transaction count grew by 4% in the second quarter compared to the same period in 2011, according to the latest figures from NACHA, the regulatory body for the network. Transactions totaled 4.15 billion, worth approximately $9.1 trillion in value, according to the NACHA statistics. Transactions …
• 19 September

  Daily-Deal Leader Groupon Makes Its Play for Mobile Payments

  The crowded mobile-payments space for small merchants just got more cramped as daily-deal leader Groupon Inc. announced its new Groupon Payments service for merchants using Apple Inc.’s iPhone and iPod touch devices to accept credit and debit cards. Groupon is coming in with low card-acceptance prices and aiming to leverage …
• 18 September

  Fiserv Will Make Popmoney P2P Standard As It Broadens Mobiliti Mobile Banking

  Growing demand from financial institutions for more advanced mobile- banking features is prompting Brookfield, Wis.-based banking-solutions provider Fiserv Inc. to expand the breadth of services available through its Mobiliti mobile-banking platform. A key service will be person-to-person payments, a Fiserv executive says. Fiserv plans to make its Popmoney person-to-person payments …
• 17 September

  Latest Isis Delay Leaves Open When the Venture Will Finally Launch

  With the Isis mobile-payments venture having announced yet another delay, it remains unclear just what is causing the holdup and when the service will launch. And, say observers, time may be growing short for the venture, which is backed by three of the country’s largest wireless carriers. “I don’t know …