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Canadians prefer credit cards to debit cards or cash when making payments and a heavy preference for credit cards online means the trend toward credit in Canada will continue, according to a new report from payment processor TSYS.
Last week, EU ambassadors said they were in favor of European Commission wishes to classify e-commerce platforms, Internet payment gateways, app stores, social networks and other "key Internet services" as critical infrastructure.
While the U.S. government continues to assess the damage done by the illegal intrusion of the networks of the Office of Personnel Management, two other hacks uncovered this week show the evolving nature of data breaches and the variety of information hackers are seeking.
Transport for London, the organization that manages public transportation in the city, said it will become the first public transport provider to accept the contactless mobile payment method Apple Pay.
Apple said it will reach more than 1 million in-store locations in the next 30 days where users can swipe their phones to make purchases at the point of sale—up from 220,000 at its September 2014 launch.
Visa and Verifone have announced a partnership under which merchants can expand their omnichannel activity quickly by integrating Verifone's point of sale systems with Visa's CyberSource online payment and fraud prevention platform.
Google on Thursday reenergized the wallet wars by introducing its new in-store and in-app mobile payment system Android Pay to compete directly with Apple Pay and begin to emerge from the disappointment of Google Wallet.
New Jersey-based payment processor Heartland Payment Systems has disclosed a theft that includes computers containing personally identifiable information by way of the payrolls the company processes for employers.
Chris Gatling, a forward who played for eight different teams over an 11-year NBA career that included one All-Star Game appearance, was arrested in Scottsdale, Ariz. on Thursday and charged with fraud, aggravated identity theft and forgery.
At a San Francisco advertising conference, Google senior vice president for advertising and commerce Sridhar Ramaswamy said the company will offer a "buy" button on YouTube ads viewed on mobile devices.
On Thursday, the European Banking Authority (EBA) announced five countries will not fully comply with guidelines, finalized and made public in December, seeking to make shopping on the Internet more secure.
Businesses often don't know how many orders they have declined in error, but a high number are false positives, according to panelists speaking to a packed session on the final day of the 2015 CNP Expo in Orlando, Fla.
At a panel discussion on the last day of the 2015 CNP Expo in Orlando, Fla., several PSPs discussed considerations that need to be made when merchants are evaluating partners to assist in facilitating global payment acceptance.
Mobile payments are growing rapidly, but the proliferation of options can be overwhelming for merchants that want to offer the increasingly popular sales channel to their customers, according to panelists at a Thursday morning session at the 2015 CNP Expo in Orlando, Fla.
A seamless shopping experience is the goal for retailers who want to leverage the power of omnichannel commerce, but payments schemes are not easy to establish, even though shoppers have grown to expect everything to be easy, according to panelists at a session on the final day of the 2015 CNP Expo.
Shopping online without a credit card or bank account is possible, but difficult. And, a growing number of consumers either don’t qualify or don’t want these financial products, but online merchants still want to reach them.
For the first time in its history, exactly half the CNP Awards handed out were presented to companies from outside the U.S., reinforcing the increasingly international nature of the card-not-present industry.
E-commerce payments companies should focus on regulatory changes that will complicate their business, according to Amy Pierce, attorney with Pillsbury Winthrop Shaw Pittman at a Wednesday afternoon session at the CNP Expo in Orlando, Fla.
Justin McDonald, senior risk management consultant with The Fraud Practice, started a Wednesday afternoon discussion on mobile fraud by pointing out, "Mobile is convenient and immediate for customers, but fraudsters are taking advantage of that as well."
"A whole lot of fraud came in that we stopped," said Harold Paulson, director of fraud risk management for North America at eBay Enterprise, during an early-afternoon session on manual reviews at the CNP Expo in Orlando, Fla. on Wednesday.
Software can help predict when and where fraud will occur. And the data available to help make those decisions is increasing. It has mounted so quickly, however, it can be difficult for merchants to manage.
The second full day of the CNP Expo featured a prominent e-commerce startup applying cutting-edge technology to a business that's been around for centuries and a payments veteran trying to explain to a card-not-present audience the implications of a card-present technology.
Despite new regulations and new technologies, $2.8 billion is going to be lost to fraud this year and that number is expected to double by 2018, according to experts speaking at the CNP Expo in Orlando, Fla.
In cross-border e-commerce, most think Europe is a safe place to start. A Tuesday afternoon panel demonstrated why that is not necessarily the case.
CNP Expo: Hostile Takeover - May 19, 2015 Panelists at a Tuesday afternoon session of the 2015 CNP Expo said spoofing someone's identity in an effort to use their account represents 4.3 percent of all login attempts.
Rick Ricker, vice president of business development for enterprise solutions at 3Delta Systems, led a Tuesday-afternoon panel discussion examining how merchants choose and implement their tokenization technologies.
Tom Donlea, director of the e-commerce practice at Whitepages Pro, kicked off a late-afternoon discussion on validating and verifying identity by asking how identity verification relates to the coming EMV implementation.
George Soto, director of corporate/global investigations and e-commerce at Office Depot, led Tuesday afternoon's last session about how merchants can work with law enforcement to prosecute fraud and why it's beneficial.
CardNotPresent.com and CNP Expo CEO Steve Casco welcomed 1,000 attendees to the first full day of the CNP Expo with a message of global growth and the promise inherent in an industry with room to grow even more.
We all know EMV is coming, the question is, what should online merchants expect? Moderator Paul Tomasofsky, president of the Secure Remote Payment Council, began a panel at the CNP Expo Tuesday by reviewing the history of implementing EMV in other countries and discussing possible solutions for US merchants.
Moderator Nikhil Joseph of Mercator Advisory Group began this morning's session on fraud in loyalty, rewards and couponing programs by asking the panel why loyalty fraud is important, and how it is different from credit-card fraud in general.
PayItSimple, a provider of installment-billing technology, today announced at the CNP Expo in Orlando it has secured a new round of funding totaling $10 million from New York City-based Simpel Management.
When the CNP Expo opens its doors today in Orlando, Fla. it will welcome the largest number of attendees and exhibitors in its four-year history and more countries will be represented by attendees (27) than ever before.
Features Analytics, a technology startup specializing in fraud prevention solutions for merchants, card issuers, acquirers and processors, today at the CNP Expo in Orlando, Fla. unveiled the newest version of its eyeDES technology.
Chargeback.com, a Sandy, Utah-based provider of chargeback management technology for card-not-present merchants, today at the CNP Expo in Orlando, Fla., launched a software solution that enables merchants to automate the chargeback-response process.
Despite an increase in the value of data compared to physical assets, most companies are underinsuring against cyber attacks compared to insuring against loss of property, plant and equipment (PP&E), according to a new report conducted by the Ponemon Institute and sponsored by insurance provider Aon.
Starbucks says its popular mobile app has not been hacked, and that may be true, but a report by consumer reporter Bob Sullivan that fraudsters are specifically targeting the mobile app's users to drain their accounts then siphon off even more money when the auto-reload function kicks in appears to be accurate.
Mitek, the company that first brought mobile check-capture technology to market, this week at a San Francisco technology event launched a solution companies can use to verify identities during account opening that authenticates a driver's license using the scanner of a mobile device.
LiveEnsure, a Palo Alto, Calif.-based provider of authentication technology, this week launched a peer-to-peer app that enables users to verify the identities of the users with whom they are sharing content.
Nearly 70 percent of executives polled said the intense media scrutiny of companies suffering data breaches over the past year caused their organizations to re-evaluate the priority given to network security and 45 percent increased their security budgets.
Most of the world has a decade head start on the U.S. in the migration to the EMV standard, but developed regions are still adding hundreds of millions of chip cards years later, according to new data from EMVCo, suggesting the U.S. is in for a long ride.
An agreement between the European Parliament and the European Council struck this week paves the way for more secure online payments in the EU and more choice for European consumers who want to make cross-border online purchases.
Adyen aggregated data from its growing customer base that includes Facebook, Dropbox, Airbnb, Spotify, Booking.com, Yelp, Netflix and others and found 27.2 percent of the transactions on its platform in the first quarter of 2015 came via mobile device.
The Secure Remote Payment Council (SRPc), a New Jersey-based trade association advocating for more secure online and mobile transactions, today established a working group that will investigate the state of consumer authentication for online payments and promote ideas on how it can be improved.