Newly launched Tender Armor hopes its CvvPlus product can help issuers, merchants, and consumers combat the risk from fraudulent card-not-present transactions, the company announced Wednesday. The Fort Lauderdale, Fla.-based company says CvvPlus can help stem online fraud by providing a daily card verification code that is not printed on a …

Changes in consumer shopping behavior and new ways for companies to measure how they deliver a service are providing a boost in subscription billing, especially as cloud-based services become more mainstream. “The size of the subscription-billing service market is exploding with the advent of cloud-billing solutions being offered as a …

By John Stewart What kind of technology are grocery stores, drug stores, and convenience stores most interested in? Not mobile payments, at least not right now. That’s the conclusion of the Los Angeles-based Center for Advancing Retail & Technology LLC, which operates an online marketplace of retail solutions for merchants …

By John Stewart Ever since the launch of Apple Pay more than a year ago, mobile wallets have followed a pattern of recruiting financial institutions to enable their network-branded credit and debit cards to work in the wallet apps. But retailers are getting in on this action, as well, with …

Consumer shopping during the Thanksgiving-holiday weekend increased 9.4%, almost tripling the growth rate last year, according to card-transaction data released by First Data Corp. In 2014, the holiday-shopping weekend grew by 3.5% over 2013. The Atlanta-based processor analyzed the volume of transactions made at more than 820,000 merchant locations that …

It looks like Cyber Monday came through for e-commerce payment processors, if the latest spending numbers from comScore Inc. hold true. ComScore reported Wednesday that spending from desktop computers and smart phones and tablets on Nov. 30 hit $3.12 billion, a 21% increase from $2.59 billion on 2014’s Cyber Monday. …

Attorneys for financial-institution plaintiffs suing Target Corp. to recoup their costs arising from Target’s massive 2013 data breach announced a $39.4 million settlement on Wednesday intended to bring their class-action lawsuit against the big-box retailer to an end. A U.S. District Court judge in St. Paul, Minn., was expected to …

The notion that the belated U.S. conversion to the EMV chip standard will drive up e-commerce fraud was fresh wisdom several years ago, when EMV was but a glimmer in the payments industry’s eye. Then, with repeated airings, it became a commonplace. And now, with the point-of-sale liability shift having …

Visa Inc. ended months of speculation with its decision, announced last month, to buy its European counterpart, London-based Visa Europe Ltd., in a cash, stock, and earn-out deal valued at $23.4 billion. The deal without question holds huge potential, but questions linger about its financial impact. “We’re delighted to be …

One way consumers deal with the frustration of waiting in long holiday-season checkout lines at stores is to complain about it. But survey results from merchant acquirer Harbortouch show that many consumers are now actually willing to do something about it. Some 44.7% of consumers who reported having used an …