The alliance MasterCard Inc. announced earlier this week with Intel Corp. to secure e-commerce transactions will not supersede SecureCode, a MasterCard online authentication system, but will fairly soon lead to a new type of contactless-payment device from an emerging category of ultra-thin, fast-start PCs, executives with both companies tell Digital …
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PayPal Access Debuts to Streamline User Enrollment on E-Commerce, Mobile Sites
n To use PayPal Access, a site must sign up for a PayPal account but is not obliged to accept PayPal. The new system then gives the site access to some 100 million active PayPal users, who can control how much information they want to share. If a user …
Read More »Security: Spam’s Merchant-Acquirer Chokepoint
By Peter Lucas Spam e-mail may be a constant irritant to consumers, but it’s big business for merchant acquirers willing to settle transactions resulting from those unsolicited ads. Can anything be done to stop it? Every day some unsuspecting consumer receives an unsolicited e-mail from …
Read More »Trends & Tactics
All Signs Point to Credit Cards’ Recovery After getting KO’d in the recession, credit card usage is back on its feet. While card issuers are more cautious than they were a few years ago, consumers who have credit cards are using them more frequently, and they are spending …
Read More »The Not-So-Friendly Form of Fraud
Linda Punch So-called friendly fraud is hard to detect, hard to prove, and rising for some merchants. What are merchants, acquirers, and tech companies doing to reduce it? It may be one of the most frustrating types of fraud encountered by a merchant. So-called friendly fraud—also known …
Read More »Isis Reportedly Quits Building Its Own Merchant Network To Focus on Wallet
The telecommunications companies that own the Isis mobile-payments joint venture have apparently given up on the idea of creating their own merchant network and instead are redirecting their efforts on a mobile wallet, according to a published report. If confirmed, the Isis move means that the existing payment card networks …
Read More »RSA Breach Sends ‘Wake-up Call’ About Vulnerability of Two-Factor Authentication
It’s big news, not to mention a major embarrassment, when a leader in data security itself becomes a victim of a serious breach. That was the case for RSA, which stores the tokens widely used by financial institutions as a second factor of authentication for online-payment transactions. In the breach—announced …
Read More »Merchants Willing To Leave Plastic Behind As They Expand Prepaid Offerings
Retailers, other merchants, and processors are increasingly embracing online and mobile forms of gift cards and related prepaid products as they seek to give customers as many payment options as possible, according to executives who spoke at this week’s Prepaid Expo USA in Orlando, Fla. “If you’re not in …
Read More »Prepaid Cards’ Big Bullseye
Can the fast pace of innovation that has characterized the prepaid card sector in recent years continue as lawmakers and regulators increasingly target the business? By Linda Punch After years of skirting the edges of the industry, the prepaid card market finally is getting a toehold in the mainstream of …
Read More »Less ID Fraud, And Fewer Victims, As Economy Slowly Perks up
The bane of payment cards and to a lesser extent demand-deposit accounts, identity fraud took less of a toll by some measures in 2010 than it has in the seven preceding years, according to new findings from Javelin Strategy & Research. Javelin’s annual study found that 3.5% of U.S. adults …
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