Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart It was bad, but it could have been much worse. Just as the celebrated Cyber Monday online-shopping frenzy was gearing up to full blast, PayPal Holdings Inc.’s payment service, a major processor for e-commerce, began hiccupping. Merchants reported problems with processing orders and customers complained about long …
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Universal Card Provider ScramCard Pegs its Pitch on Mitigating Fraud Risk
Backers of ScramCard, a new universal card that offers consumers the ability to load multiple credit and debit cards onto one card, hope messages touting its potential security and fraud-mitigation benefits will reach welcoming ears. Like other universal cards, ScramCard enables consumers to load their payment card details onto the …
Read More »Repelling the Card-Not-Present Fraud Assault
The payment card world is bracing for a spike in card-not-present fraud now that the U.S. is an EMV country. What’s to be done? The U.S. became an “official” EMV country Oct. 1 by virtue of its point-of-sale liability shift. As credit and debit cards with EMV chips and payment …
Read More »9th Annual The 10 Most Pressing Issues in E-Payments
2015 is the year of EMV, as much for the various ways chip cards are causing anxiety for the payments business as for their putative benefits. But a host of other issues is keeping payments executives awake these days, as well. Well, it seemed like a good idea at the …
Read More »Gemalto Brings Its ‘Dynamic Code Verification’ To the Fight Against Card-Not-Present Fraud
With the coming of EMV chip card payments to the U.S. point of sale on Oct. 1, merchants, merchant acquirers and credit and debit card issuers are bracing for an expected boom in card-not-present (CNP) fraud. Countless processors, payment gateways and tech companies have announced products and services meant to …
Read More »Eye on Bitcoin: Ingenico’s Bitcoin-Accepting Terminal; Feds Set Final Silk Road Auction
Point-of-sale terminal maker Ingenico Group has teamed up with Bitcoin merchant acquirer BitPay Inc. to retrofit a traditional POS terminal for Bitcoin acceptance in stores. And the U.S. Marshals Service is planning to auction off the last of the Bitcoin that the FBI seized in 2013 when it busted Ross …
Read More »The ACH Steps It up
Judging by recent standards, transactions on the automated clearing house network are sizzling. ACH traffic grew 5.4% in the second quarter, the second straight period of 5%-plus expansion for the 40-year-old system, which reaches virtually every financial institution in the country. That’s according to numbers reported by NACHA, the organization …
Read More »Worlds Beyond Bitcoin
You may or may not buy into Bitcoin, but you’re going to love the blockchain. Or so say those who are adopting Bitcoin’s ledger technology for everything from stock exchanges to ticket sales. When the speculative bubble that had driven the price of a single Bitcoin to four-figure heights burst …
Read More »As Criminals Redouble Their Efforts, Merchants Sustain an Eye-Popping Jump in Fraud
Merchants contend with fraud all the time, but the 2015 edition of the LexisNexis True Cost of Fraud study has found that their fraud costs are tallying 1.32% of revenue in 2015, a whopping 94% increase from the 0.68% rate in 2014. All categories of merchants in the LexisNexis Risk …
Read More »As Traffic Heats up, the ACH Continues To Expand at 5%-Plus Rate
By John Stewart Transactions on the automated clearing house network grew 5.4% in the second quarter, the second straight period of 5%-plus expansion for the 40-year-old system, which reaches virtually every financial institution in the country. That’s according to numbers reported by NACHA, the organization that regulates the ACH. The …
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