Digital Transactions Authoritative, insightful and timely information for payments professionals
By Steve Mott Scratch most of the proposed or existing wallets, and you’ll find the same payments infrastructure everyone is trying to move beyond. What’s needed is an alternative that benefits consumers and merchants as much as it does banks, networks, and carriers. The rising …
Read More »Search Results for: Dark Web
Annual Field Guide to Alternative Payments
Cover Story Mobile-payment schemes proliferate but innovations abound in all corners of the new world of electronic-payment systems competing for consumer and merchant adoption. By John Stewart, Jim Daly, and Linda Punch We’re putting on weight. First published in 2009, Digital Transactions’ Field Guide to …
Read More »What To Do Until the Council Weighs in
M-Commerce Todd Ablowitz Yes, the PCI Security Council’s timeout on standards for mobile payments has sewn confusion and uncertainty. But that doesn’t mean the industry has to stand still. The buzz surrounding mobile payments is gaining momentum. The influx of payments software from traditional payments providers and …
Read More »An Inside Look at the Secret Service’s Battle to Hobble the Hackers
The August indictments of three individuals allegedly responsible for the theft of 130 million credit and debit card numbers in the Heartland Payment Systems Inc. data breach made headlines across the world. Yet little attention is paid to the laborious investigative work needed to track down the criminals behind these …
Read More »Survey: Consumers Lost $3.2 Billion to Phishing Attacks in 2007
Some 3.6 million U.S. adults were victims of phishing attacks in the 12 months ending in August, losing an average of $886 apiece for an estimated total of $3.2 billion, according to a survey of more than 4,500 online users sponsored by Gartner Inc. Gartner, a technology research firm based …
Read More »Order-Review Efficiency Rises for Online Sellers, But So Does Fraud
Online merchants' fraud losses will hit $3 billion in 2006, up 7% over last year, but the overall growth in e-commerce means fraud as a proportion of sales will dip slightly, to 1.4% from 1.6%. This mixed news comes as Web merchants adopt an increasing array of alternatives to bank-issued …
Read More »Rewards Account for 44% of Interchange Cost, Report Concludes
The costs of air miles and other perks and rewards account for 44% of bank card interchange, while card issuers' cost of funds and profit margins take 35%, and network branding efforts account for 3%, according to a new report issued this week. Just 13% of the acquirer-paid fee goes …
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