By Jim Daly An exclusive coterie of card networks runs the business of issuing and managing payment tokens. But that elite club soon may have more members. Looking for a business with growth opportunities? Look no further, ladies and gentlemen, than at the business of the token service provider. A …
Read More »Search Results for: high risk merchants
What Can Be Learned From the Breach Epidemic?
Each reported breach is a nightmare, but the good news is that each one can also teach acquirers and merchants useful lessons about securing payments data. When fast-food chain Wendyäó»s Co. became the latest brand-name merchant to fall prey to a data-stealing malware attack in late January, the news served …
Read More »Acquirers Report Varying Levels of Chargebacks in the New EMV Environment
Merchant acquirers are reporting more chargebacks now that the U.S. conversion to the EMV chip card standard is underway, but chargeback exposure varies widely by acquirer. And, so far at least, relatively few of the chargebacks are translating into actual financial losses. That’s the word from First Annapolis Consulting Inc., …
Read More »Adyen Goes to the (Physical) Store
E-commerce processor Adyen Inc. announced last month it is now offering payments capability for physical stores in the United States, a move that follows the company’s success in providing a payments gateway for a number of prominent digital clients, including Facebook, Uber, Airbnb, and Netflix. Adyen, a Netherlands-based company with …
Read More »The $8 Billion Problem
Card-not-present fraud isn’t the only looming threat for payments providers and merchants. Account-takeover losses are also set to take off. As criminals find it easy and affordable to use the Internet to obtain millions of pieces of personally identifiable information about consumers, the prospects of greater fraud overall are …
Read More »A Good Start for Klarna
Sweden’s online-payments firm Klarna started operations in the United States only five months ago, but already it is making itself felt in the highly competitive business of serving U.S. e-commerce merchants. By early January, nearly 20 retailers had signed up for the company’s streamlined checkout service, including big sellers Overstock.com …
Read More »The $8 Billion Problem
Card-not-present fraud isnäó»t the only looming threat for payments providers and merchants. Account-takeover losses are also set to take off. As criminals find it easy and affordable to use the Internet to obtain millions of pieces of personally identifiable information about consumers, the prospects of greater fraud overall are high. …
Read More »A Good Start for Klarna
Swedenäó»s online-payments firm Klarna started operations in the United States only five months ago, but already it is making itself felt in the highly competitive business of serving U.S. e-commerce merchants. By early January, nearly 20 retailers had signed up for the companyäó»s streamlined checkout service, including big sellers Overstock.com …
Read More »Sweden’s Klarna Racks up Some Big Gains in the Early Going of Its U.S. Debut
Sweden’s online-payments firm Klarna started operations in the United States only four months ago, but already it is making itself felt in the highly competitive business of serving U.S. e-commerce merchants. Nearly 20 retailers have signed up for the company’s streamlined checkout service, including big sellers Overstock.com and Shoes.com. That’s …
Read More »Guarding the Online Channel
If history is any guide, card-not-present fraud will spike now that EMV has officially arrived in the United States. Can a growing array of fraud-prevention technologies stem the tide? When it comes to plying their deceptive trade, fraudsters exploit the weakest link in the security chain. With the EMV chip …
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