With fraud and identity-theft headlines appearing nearly every day, the pressure is on to offer more risk-management services at the point of sale, and this, some experts say, is leading to rising interest in POS terminals capable of operating on Internet Protocol connections. Such connections, they argue, make it easier …

Separate studies of online transaction fraud released this week cast new light on the problem of fraudulent Web transactions. The rate of online fraud is declining, according to a survey of online merchants conducted in October by CyberSource, Mountain View, Calif., a processor of online transactions. But indirect costs resulting …

While First Data Corp. vows to contest action by the Department of Justice to stop its acquisition of Concord EFS, industry observers say the Denver-based processing giant may have good reason to fight for a stronger position in the market for debit transactions secured by personal identification numbers. The $7.3 …

Fraud is nothing if not a persistent part of the payments landscape. It became more so in the past 12 months, as 60% of e-commerce merchants and 53% of retailers sustained increases in overall fraud levels, finds LexisNexis Risk Solutions in the 14th edition of its “LexisNexis True Cost of …

Biologists point out that Darwinian evolution was so spectacularly successful not because of exceptional wisdom going forward, but on account of a robust means of recovery. Countless errors and myriad missteps were followed by effective recovery, so the process was ready to try again. Indeed, recovery is the silent foundation …

Seeking to entice small businesses to pay for purchases using their Visa business card, Visa Inc. on Wednesday launched Visa SavingsEdge, a program that rewards small businesses that have Visa business cards with savings and discounts on business-related services from about 60 merchants. The rewards and incentives include everyday savings …

Phishing attacks continue to set record highs. The third quarter of 2022 was the highest quarter on record for number of attacks, according to the latest Anti-Phishing Working Group’s Phishing Activity Trends report, released Wednesday. The APWG observed 1,270,883 phishing attacks during the September quarter, up 16% from a then-record …

Payments providers are increasingly resuming business-as-usual as the pandemic eases, but so are criminals. Losses from identity-fraud schemes, in which fraudsters use stolen payment credentials for their own gain, soared 79% last year to $24 billion, according to a study released Tuesday by Javelin Strategy & Research. Moreover, this so-called …

Consumers worldwide went online in unprecedented numbers following the onset of the pandemic, but along with that trend comes an increasing need to establish the identities of users, according to a report issued Monday by Juniper Research. As a result, revenue for companies around the world that develop technology that …

Since PayPal’s launch more than 20 years ago, the peer-to-peer and digital-cash service industry has seen exponential growth, and with it, exponential amounts of fraud.  An estimated 70% of Americans use peer-to-peer and digital-cash services, and many turned to these products during the pandemic. However, in just the first four …