With the fabled Cyber Monday shopping frenzy under way, Visa Inc. launched an authentication tool for online transactions intended to cut fraud while reducing the risk of shopping-cart abandonment. The tool, which Visa calls its Consumer Authentication Service, can be deployed by any Visa issuer starting on Monday. The network …

  Gideon Samid • Gideon@AGSgo.com       “How many false positives will you tolerate to stop a single hacker from scoring a successful hit?”   This is a question I have learned to ask our clients. They squirm in their chair, coming up with all sorts of excuses not …

As financial institutions find themselves processing more and more international transactions through a new application on the automated clearing house, the burden of sorting out payments that match various watch lists is mounting fast. That's creating an opportunity for processors and software vendors. One of the first to act is …

U.S. payment card issuers missed out on nearly $4 billion in charge volume in 2008, including $78.7 million in interchange, because of problems cardholders had with their cards while traveling abroad, according to a new report by Aite Group LLC. The default response when travelers have a card problem is …

The recent massive data breaches at RBS WorldPay Inc. and Heartland Payment Systems Inc. ?two merchant acquirers deemed in compliance with the Payment Card Industry data-security standard by qualified assessors?left many in the industry questioning the effectiveness of the PCI standard. But a newly released report from Verizon Business concludes …

It’s early days for artificial intelligence use, but already most consumers—74%—are concerned it could be used to advance further fraud attacks. That’s the word from risk-management provider Abrigo in its latest survey. In related news, ClearSale launched a suite of tools to help retailers counter online fraud. Fraud worries are …

As online shopping continues to stitch itself into consumer behavior, efforts to reduce chargebacks also advance. The latest is Riskified’s Auth Rate Enhance service that can pre-screen orders and provide more information for its customers to make a go-no-go decision on digital orders. Auth Rate Enhance, a component of Riskified’s …

It’s a positive, hopeful one. But, for the time being, a myth just the same. The landscape of payments technology is rapidly evolving in many directions, serving previously unserviceable merchant environments and supporting electronic payments where they were once unsupportable. It’s easy to dismiss the role mobile technology plays in …

Vesta, a fraud-prevention provider for e-commerce merchants, said it will integrate Stripe Inc.’s Radar risk scores and Stripe Connect, which enables businesses to facilitate purchases and payments between third-party buyers and sellers, into its Payment Guarantee platform. The Stripe Radar integration will help Vesta’s client merchants increase transactional approval rates …

Entertainment-streaming platform Roku says a partnership with Shopify Inc. will provide viewers the ability to purchase products from Shopify merchants directly from their TV through Roku Action Ads. It works like this: When viewing an ad for a Shopify merchant, viewers press OK on their Roku remote to learn more …