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The CNP Report Archive - August 2010

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  • CRE Secure Provides Online Security via PayLeap - Aug. 30, 2010
    CRE Secure, a cloud-based secure payment solution for online merchants, announced that its service is now integrated with PayLeap, a company that offers electronic payment services. Online consumers of CRE clients are redirected to the company’s hosted payment platform that mirrors their trusted merchant’s website.
  • Online Resources Targets Utilities - Aug. 30, 2010
    Online Resources Corporation, an online financial services provider, said that over the last six months it has signed new agreements with more than 40 utilities across the nation for various services within its eCom Advantage suite of electronic billing solutions.
  • MasterCard Acquires European E-Commerce Payments Processor - Aug. 26, 2010
    MasterCard Incorporated recently announced it has entered into an agreement to acquire DataCash Group plc, a London-based payment service provider, for £333 million ($520 million) in aggregate. DataCash offers a single interface that provides e-commerce merchants with the ability to process secure payments across the world.
  • Continental Chooses TNS for CNP Payments - Aug. 26, 2010
    Reston, Va. Payments processor Transaction Network Services (TNS) has signed an agreement with Continental Airlines that enables the U.S. carrier to use the TNSPay gateway to authorize online payment transactions. Under the terms of the agreement, Continental Airlines will process online payments from its reservations system through TNS’ TNSPay gateway.
  • Commerce Dept.: U.S. Q2 E-Commerce Sales Up 14% - Aug, 19, 2010
    A government measure of e-commerce released this week showed second-quarter online sales surging 14 percent from the same time period last year to $39.7 billion. The numbers, compiled by the Census Bureau of the U.S. Department of Commerce were even more optimistic than the 9 percent rise reported last week by comScore
  • PayPal Considered Most Secure Online Payment Method by Consumers - Aug. 16, 2010
    U.S. online shoppers consider PayPal a more secure payment option than credit or debit cards, according to a recent study by New York City payments consultancy Auriemma Consulting Group. The alternative payment’s popularity is also increasing overall, ACG said in its report. PayPal narrowly edged out debit as the second most popular online payment option
  • Zeus Malware Targets U.K. Computers - Aug. 16, 2010
    The same company that recently said the Zeus botnet was targeting the online banking customers of 15 major U.S.-based financial institutions and using their information to make fraudulent CNP purchases (CNP Report July 22, 2010), now claims it has found a version of the pernicious malware being used to conduct financial fraud in the U.K.
  • U.S. Q2 E-commerce Up 9% - Aug. 12, 2010
    U.S. e-commerce sales totaled nearly $33 billion, an increase of 9 percent from the April-to-June period a year ago, according to estimates released recently by comScore. The Q2 numbers represented the third consecutive quarter of positive year-over-year growth following a year of flat or negative growth rates.
  • M-commerce Payments Provider Raises $11 Million - Aug. 12, 2010
    Payfone, a New York City-based mobile payments provider, announced it has raised $11 million in Series B funding. The financing was led by Opus Capital, and included Blackberry partners Fund and RRE Ventures, which was an original investor in Payfone.
  • Mozcom, Dragonpay Offer Offline Payments for Online Purchases - Aug. 12, 2010
    Mozcom, an online payment solution provider based in the Philippines, has partnered with Dragonpay Corporation to offer online payments to its e-commerce merchants via bank payments. By utilizing the Philippine bank network and non-traditional outlets like convenience stores, remittance centers and pawnshops...
  • House Subcommittee Continues to Examine Interchange - Aug. 9, 2010
    Despite the inclusion of the Durbin amendment, which limits the amount issuing banks can charge businesses in swipe fees on debit cards, in the recently passed financial reform bill, the federal government has not ended its examination of the matter. Recently, a House subcommittee held a hearing on the impact of the fees on small businesses.
  • New Smart Card Uses Sound to Authenticate CNP Transactions - Aug. 9, 2010
    Dialware, a Los Angeles-based provider of miniaturized wireless verification systems, recently launched the Beepcard smart card, to authenticate and authorize CNP transactions using sound. Based on patented acoustic technology, the company said the Beepcard communicates a digital cryptogram via sound waves, enabling a credit or debit card to...
  • Accertify and Ethoca Join Forces for Fraud Prevention - Aug. 9, 2010
    Fraud prevention outfits Accertify and Ethoca recently announced a strategic partnership to offer Accertify customers the option of directly accessing Ethoca’s global fraud-fighting community. The partnership combines Accertify’s Interceptas platform and Ethoca’s collaborative network in an integrated solution to help merchants reduce fraud and decrease the impact of fraud management on the customer experience.
  • EWise Raises $12.1 Million - Aug. 5, 2010
    EWise, an online payments and financial management solutions provider, recently announced it has raised more than $12 million from investors in Asia Pacific, Europe and North America. The Denver-based company said it will use the capital infusion to
  • Global Payments Posts Q4 Profit - Aug. 5, 2010
    Atlanta-based online credit card processor Global Payments Inc. posted quarterly earnings of $.56 per share on revenue of $425.1 million. On a conference call with analysts, the company said its joint venture partner HSBC recently received approval from Chinese regulators...

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