Woodside, Calif.-based PassMark Security LLC, which incorporated only in February to attack phishing and other online transaction fraud, says it has attracted interest in its solution from banking and retailer Web sites. The company is now in serious discussions with “eight to ten major sites,” says Bill Harris, chief executive, …

Vendors in the ATM industry are beginning to move ahead with systems that would allow machine owners to remotely install and manage encryption keys mandated by a new security standard set by the bank card networks. The introduction of solutions for remote administration of Triple DES keys comes even as …

A transaction processor that targets high-volume online merchants is winning adherents among merchants and consumers alike for its product, which allows consumers to buy on credit without entering sensitive account data. I4Commerce Inc.'s “Bill Me Later” service, which became commercially available two years ago as an alternative to credit cards …

With Internet merchants increasingly demanding transaction capabilities beyond credit cards, acquirers and processors are starting to look into ways to simplify and standardize the introduction of such payment alternatives as electronic checks, debit cards, and third-party billing. The latest such effort comes from the nation's biggest transaction processor. Denver-based First …

Information Architects Corp., a Fort Lauderdale, Fla.-based provider of Web-based employee-screening technology, has announced it is entering the market for electronic point-of-sale transactions secured by cardholders' fingerprints. The company says it has acquired a U.S. patent (6,270,011 B1) that covers a fingerprint-scanning methodology for credit cards via scanners deployed at …

With chargeback rates running well in excess of 1% on Internet transactions, Visa International and MasterCard International have for some time been pushing a form of online cardholder authentication, called 3D Secure, that is intended to make cardholders, issuers, acquirers, and merchants feel confident that Web payments are legitimate. But …

A survey of consumers released today reveals that while most say they are more informed about identity theft, they feel no safer from it than they did a year ago, and more consumers are reluctant to give online retailers personal data than was the case last year. The survey of …

MyDoom, characterized by many experts as one of the most virulent viruses ever to hit the Internet, has had only a slight impact on Web transaction speed and page availability, according to Keynote Systems Inc., a San Mateo, Calif., company that measures Web site performance. Keynote analysts credit the nature …

A brief reference to a rival debit card network in a recent document sent from Visa USA Inc. to its members has raised the hackles of the co-founder of that network and embroiled him in a debate with Visa USA chief executive Carl Pascarella over the risk associated with debit …

Consumers who abandon shopping carts on e-commerce sites do so mainly because the sites impose costly shipping and handling costs or lengthy shipment times. This is one part of the findings of a survey conducted last month by NetIQ Corp., a San Jose, Calif.-based vendor of web-analytics tools. The company …