Monday , October 28, 2024

Search Results for: merchants

How Tweaks to Visa’s Chargeback Program Are Expected To Speed Up Resolutions

Visa Inc. is altering its chargeback-resolution program to condense the reason codes into four categories, amend the time to resolve a disputed transaction, and make other changes. According to data on a Chase Paymentech site, the changes are set to go into effect April 15 because the card brand wants to …

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Eye on E-Commerce Fraud: CyberSource And Worldpay Harness Machine Learning And Big Data

Machine learning and huge swaths of data are being enlisted in the battle to counter online fraud, with CyberSource announcing an enhancement to its fraud-prevention service and processor Worldpay Inc. launching a new fraud-prevention service Wednesday at MRC 2018, the annual conference held by the Merchant Risk Council. CyberSource, a …

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ACI’s UnionPay Deal and other Digital Transactions News briefs from 3-22-18

NCR Corp. announced that chairman and CEO Bill Nuti will step down for health reasons after its board of directors completes a search for his replacement “in the next couple of months.” Nuti then will serve as chairman emeritus and a consultant to the ATM and point-of-sale payment technology provider. …

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Orbitz Breach Exposes Risks to Partners, and the Vulnerabilities of Older Technology

Another day, another data breach. But each one has lessons for the payments industry, and that includes the breach disclosed Tuesday by online travel-services provider Expedia Inc.’s Orbitz subsidiary. Hackers accessed one of Orbitz’s older systems and thereby may have exposed 880,000 payment card numbers on file, according to press …

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E-Commerce Fraud Losses Increased 7% Across 2016 And 2017, Says Signifyd

E-commerce fraud over a two-year period through the end of 2017 increased 7% across all merchant categories, finds the Ecommerce Fraud Index released Tuesday by fraud-prevention specialist Signifyd Inc. The index reported the level of total fraud losses increased from 3.8% of sales volume in 2016 to 4.09% in 2017. …

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PayPal To Discontinue Its Pay After Delivery Service for U.S. Buyers

PayPal Holdings Inc.’s Pay After Delivery service will end April 19 for U.S. buyers. San Jose, Calif.-based PayPal included notice of the discontinuance in recent emails to account holders about the latest changes to its policies, and through a posting on the PayPal Web site. With Pay After Delivery, which …

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Macy’s New Self-Checkout Feature and other Digital Transactions News briefs from 3/20/18

Macy’s Inc. said it is launching a self-checkout feature in its mobile app that lets customers scan an item with their phone and pay with a registered card. So-called mobile-checkout stations validate purchases, take off security tags, and bag the goods. The launch follows a test at the chain’s Woodbridge, …

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Google Pay Integrates With Shopify And Starts a Mass-Transit Pilot in Las Vegas

When Alphabet Inc. last month rebranded its mobile-payment service as Google Pay, it said further changes and features were coming. On Monday, it began to deliver on that prediction with dual announcements that herald an expansion of the service’s availability online and bring it to the potentially enormous market for …

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SignUpGenius Enhances Payments Service and other Digital Transactions News briefs from 3/19/18

Only 8% of respondents in an HRC Retail Advisory survey said having the option to use a mobile payment in a store was important to them. The survey also found that 30% said being able to complete a transaction anywhere in the store was important. Event-organizing service SignUpGenius Inc. enhanced its …

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PIN-on-Glass Technology Will Be Deployed In an Ingenico Test With MyPINPad

Point-of-sale terminal maker Ingenico Group will test the PIN-on-glass specification in conjunction with MyPINPad and its software-based PIN-pad technology, MyPINPad announced Thursday. The PCI Security Standards Council released its specification for PIN-on-glass in January, enabling payments companies to provide PIN entry on commercially available, off-the-shelf devices like smart phones and tablets. …

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Digital Transactions