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The CNP Report Archive - April 2012

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LivingSocial Acquires Onosys - April 30, 2012
LivingSocial Acquires Onosys April 30, 2012 Daily deal Website LivingSocial.com, the main competitor to segment pioneer Groupon, has acquired Cleveland based Onosys, a provider of ordering software. A spokesperson for Living Social says the Onosys team will join the merchant

Q1 Online Payments in China Increase 112% - April 30, 2012
Online payments during the first quarter in China increased more than 112 percent from Q1 2011 to 776 billion yuan ($123.38) during the first quarter of 2012, according to Beijing-based IT consulting firm iResearch. The company says the increase in online payments was facilitated by new business models such as point of sale payment options and online securities trading.

O2 Launches Mobile Wallet - April 30, 2012
O2 Wallet, available as an application for Android, Apple's iOS and BlackBerry, enables consumers to shop online, make Mobile P2P payments via text message, track items purchased and make ATM cash withdrawals. The app also will deliver targeted offers from retailers including Debenhams, Comet, Sainsbury’s Direct, and Tesco Direct.

Alaric Launches Anti-Fraud Solution - April 30, 2012
Fractals FIH (Fraud Integration Hub) integrates a client's own internal systems and data streams with multiple external datasets that are available in real time via multi-channel mapping and integration abilities that enable users to create their own fraud detection rules.

Report: E-Commerce Continues to Grow but Merchants Must Focus on Consumer Priorities to Keep Up - April 26, 2012
A WorldPay report finds 64 percent of online shoppers say they will consider spending more than half of their disposable income online in the near future. There does, however, seem to be a disconnect between what merchants and consumers think drives repeat business.

Mobile Payments in China Expected to Top $80 Billion by 2015 - April 26, 2012
Mobile payment transaction value in China is virtually doubling every year and is expected to be worth more than $80 billion with 441 million active users by 2015, according to a recent report. A Shanghai-based research and consulting firm says China has overtaken the U.S. as the largest smartphone market in the world.

PayNearMe Launches Mobile Service for Online Purchases - April 26, 2012
Like the original version, consumers who choose PayNearMe at checkout take their receipt to the nearest 7-Eleven store and pay using cash. The company says the mobile app is even simpler as shoppers don’t need to print out a paper receipt to make payment. They just scan a barcode at the convenience store's counter or show the electronic receipt on the smartphone’s screen.

Gas Retailers Not Profiting from Durbin Amendment - April 24, 2012
Gas Retailers Not Profiting from Durbin Amendment April 24, 2012 A recent study claiming U.S. gas stations are saving $1 billion per year after implementation of the Durbin Amendment limiting debit interchange shows “an immense ignorance of the fuels market,”

NorseCorp Launches Payment Gateway - April 24, 2012
In addition to handling most types of transactions, NorseCorp says its nGate payment gateway includes integration with popular accounting software QuickBooks, master and sub-accounts that can support retail and online operations and PCI-compliant information storage

Home Chip-and-PIN Reader for Internet Transactions Certified by American Express - April 24, 2012
Secure Electrans, a U.K.-based payments technology company, says its in-home Chip-and-PIN card reader has been accredited by American Express. The company worked closely with American Express to ensure that HomePay is fully compliant with their requirements for EMV Chip-and-PIN transaction processing, messaging and payment security.

Systems East Launches Mobile Payments via QR Code - April 24, 2012
Systems East Inc., a Cortland, N.Y.-based provider of e-commerce payment solutions, has added mobile payments based on QR (quick response) codes. The company says the codes, which can be added to any Website, email, print or television communication, enable consumers to make payments via the Xpress-pay Mobile solution.

Report: Mobile Payments Fastest Growing Segment of Online Transactions - April 19, 2012
Mobile payments have grown 852 percent in the past two years and now account for six percent of all online transactions, according to a new report from anti-fraud technology provider Kount. In Fraud Insight: Mobile Transactions and Fraud, Kount found that knowing the specific mobile device used in a transaction can shed light on the risk involved in that transaction.

Dwolla Reveals Celebrity Investor - April 19, 2012
Dwolla Reveals Celebrity Investor April 19, 2012 Des Moines, Iowa based startup payment network Dwolla, which secured $5 million in Series B funding in February, revealed recently that actor Ashton Kutcher participated in the round as an investor and will

PE Systems Secures Patent for Technology to Automate Interchange Reduction - April 19, 2012
A patent secured by PE Systems asserts that the categories used to determine interchange fees “are difficult to understand and track, resulting in merchants paying much more than they should, either by not knowing how to change to less expensive interchange categories or by being incorrectly assigned to expensive interchange categories.

E-Signature Fights Friendly Fraud for Magento Merchants - April 19, 2012
SignatureLink, Inc., which enables the capture of real-time electronic signatures over the Internet for applications like online point of sale transactions, mobile devices, and remote authorizations, has partnered with e-commerce solutions provider Magento. Under the agreement SignatureLink will integrate its CNPS online signature pad within Magento's e-commerce platform.

EC to Investigate U.K. Mobile Payments JV - April 17, 2012
The European Commission has opened an in-depth investigation into the proposed joint venture between U.K. carriers Telefónica, Vodafone and Everything Everywhere with plans to develop a mobile wallet. A preliminary investigation found that the JV raised potential competitive concerns in the European mobile payments market.

Internet Payments via ACH Grow 9.5% in 2011 - April 17, 2012
Direct ACH debit payments made when authorization is given via the Internet or a mobile device grew 9.5 percent in 2011, accounting for nearly 17 percent of total ACH network payments, according to NACHA, the organization that manages the ACH payment network. NACHA estimates that 80 percent of these transactions are to pay bills via companies' or billing services' Websites.

Merchant Link to Introduce CNP Data Security Solution - April 17, 2012
The Silver Springs, Md.-based company says it will offer a hosted solution that will enable a secure process to route sensitive cardholder data directly from the checkout page to the Merchant Link gateway and an encrypted solution that will encrypt sensitive data at the moment of capture and prevent such data from being available to the e-commerce application or merchant.

Sysnet, WorldPay Partner for PCI Compliance - April 17, 2012
Sysnet Global Solutions, a Dublin-based compliance services company, has entered into an agreement with payments processor WorldPay to provide PCI DSS compliance validation services to WorldPay's U.S.-based merchants.

Report: Mobile Payments to Top $1 Trillion by 2015 - April 10, 2012
A report by management consultant KPMG says growth will be fueled by NFC-enabled smartphones and tablets. Smartphone shipments accounted for 29 percent of all mobile phone sales in 2011—nearly double the amount of the year before.

European Firms Form JV to Develop Trusted Environment for Mobile Devices - April 10, 2012
British chipmaker ARM, Dutch smart card manufacturer Gemalto and German security firm Giesecke & Devrient recently created a joint venture that will develop “a secure, accessible environment for advanced services,” including payments, on smartphones, tablets, smart-TVs and game consoles.

ThreatMetrix Identifies Cybercrime Trends for 2012 - April 10, 2012
The company says Man-in-the-Browser page injections are on the rise and will move beyond financial institutions to other targets such as alternative payment methods, digital currencies and merchants. ThreatMetrix also notes that mobile devices are the new big target.

American Express Partners with TNS on Payment Gateway - April 5, 2012
American Express Partners with TNS on Payment Gateway April 5, 2012 American Express has partnered with Reston, Va. based Transaction Network Services (TNS) to provide an online payment gateway for e commerce merchants. The American Express Payment Gateway is based

PayPal Adjusts Small-Business Structure, Pricing - April 5, 2012
After March announcements unveiling PayPal Here and introducing its new president, the company yesterday moved to consolidate its offerings for online, offline and multichannel businesses into a single product with three tiers.

Xbox Payment Data Vulnerable? Microsoft Doubtful - April 5, 2012
A team of researchers from Drexel University in Pittsburgh says it was able to lift credit card details belonging to a previous owner of a used Xbox 360 from a refurbished console purchased from a Microsoft-authorized reseller.

Report: Content Providers Prefer Facebook Credits for Social Gaming Payments - April 5, 2012
The company conducted in-depth interviews with some of the largest social media and game developers in the U.S., Europe and Asia and found they were unsatisfied with most of the payment options available.

Global Payments Responds to News of Breach: ‘We Jumped on This Instantly’ - April 2, 2012
In a press conference to discuss last week's security breach, Global Payments said it believes the card numbers stolen total less than 1.5 million, that the breach is confined to the North American processing system and that only Track 2 data was compromised.

Marcus Named PayPal President - April 2, 2012
eBay CEO John Donohoe revealed late last week that the company has chosen David Marcus to lead its PayPal unit. Marcus replaces Scott Thompson, who left PayPal in January to become CEO of Yahoo Inc. Marcus joined PayPal as vice president of mobile when eBay acquired Zong last summer.

iovation, TeleSign Offer Phone-Based Authentication as Part of Online Fraud Prevention - April 2, 2012
Online anti-fraud technology providers iovation and TeleSign recently launched a phone-based authentication service combined with a device reputation tool that fights fraud. The companies say the partnership represents the first time phone authentication has been used as part of an anti-fraud solution.

Canada Hockey Chooses Optimal Payments for Gateway - April 2, 2012
The nationwide online system in Canada that handles registrations and takes payments for thousands of local hockey leagues has chosen the NETBANX gateway from British software provider Optimal Payments to process online payments.