As merchants and payments processors wrestle with linking e-commerce transaction data with data generated from in-store payments, vendors are starting to offer products to ease that connection. An early player is Creditcall Ltd., which on Monday introduced software that allows processors to combine data streams from a merchant’s online and …
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Small Merchants Gain in Card-Based Sales, Though State And City Make a Big Difference
Month by month, U.S. merchants are steadily switching on EMV capability to accept chip cards, but often overlooked is how more small merchants are simply adding credit and debit card payments, whether chip-based or not. As a result, card payment volume at small merchants has risen almost 7% over the …
Read More »Paysafe To Buy Merchants Choice, but Itself May Be Acquired by a Private-Equity Consortium
In a payments play on acquire and be acquired, Paysafe Group plc announced Friday that it has a deal to acquire Delta Card Services Inc., parent company of independent sales organization Merchants’ Choice Payment Solutions, for $470 million in cash. Separately, United Kingdom-based Paysafe also confirmed that it has received …
Read More »Mobile-Accepting Merchants Register Mixed Results in Risk Detection, Survey Reports
With much of the payments business focused on mobile payments, merchants are making progress in dealing with the payment method but are still lagging in key areas, such as the ability to identify overseas transactions, according to survey results released Thursday. Risk-detection, in particular, is an area where results are …
Read More »Online Merchants Make Use of More Fraud-Detection Tools, Except 3-D Secure
With concerns about card-not-present fraud rising, e-commerce merchants have increased their usage of 19 of 21 fraud-detection tools since 2010, some by more than 30 percentage points, according to a recent report from the Federal Reserve Bank of Kansas City. The only tool whose usage declined was 3-D Secure, which …
Read More »Fraud Costs Rise for Merchants, Especially on the International E-Commerce Side
Merchants’ actual fraud costs are up for the third year in a row and their total fraud-related expenses also are rising, according to the latest True Cost of Fraud study from LexisNexis Risk Solutions. Fraud as a percentage of the revenues reported by the 653 retailer risk-control executives surveyed for …
Read More »Cash Flow Woes Imperil Some Merchants and other Digital Transactions News briefs
• An increasing number of small-business owners have a positive outlook on the economy and on their own prospects, according to a survey from American Express Co. Some 72% of respondents expressed this optimism with respect to the next six months, up from 64% last year and 67% in 2015, according to …
Read More »An Epidemic of Card Testing Floods Merchants With Chargebacks And False Positives
Criminals purchasing stolen credit card data know they have a short window of opportunity to cash in before the accounts are shut down. Manually sifting through the hundreds, even thousands, of accounts bought in bulk can take more time than criminals have, which is why they are increasingly relying on …
Read More »Surcharging Programs May Appeal to Merchants, But ISOs And Acquirers Like Them, Too
Offering a surcharging or cash-discounting program to merchants has obvious revenue benefits to merchants, but they have the potential to grow an independent sales organization’s or acquirer’s bottom line, too. Such programs enable merchants to cover their costs to accept credit card transactions by adding a fee to the purchase …
Read More »Merchants And Issuers Alike Will Need Persuading on the New 3-D Secure 2.0
In the run up to full implementation of 3-D Secure 2.0, a payment standard that aims to curb online fraud and prevent blocking legitimate transactions, merchants and issuers alike will need some convincing the technology will not impede e-commerce and mobile commerce. That’s the word from Tim M. Sherwin, chief …
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