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The CNP Report Archive - August 2011

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  • Study: Customers Who Pay Online More Likely to Pay On Time - Aug. 30, 2011
    Financial services technology provider Fiserv Inc. recently released the results of a study of Con Edison customers that shows offering electronic bills through online banking or a company’s Website can lead to enhanced cash flow and reduced customer care costs. The study showed that customers receiving e-bills via online banking were 22 percent more likely to make on-time payments and customers receiving e-bills at ConEd.com were 6 percent more likely to make on-time payments, when compared to paper bill recipients.
  • Federal Appeals Court Upholds Patent Decision in Favor of Retail Decisions - Aug. 30, 2011
    The United States Court of Appeals upheld the summary judgment of the Northern District Court of California invalidating patent infringement claims by CyberSource against Retail Decisions regarding U.S. Patent No. 6,029,154. In March 2009, the District Court found the patent, which relates to processes for detecting fraud in online payment card transactions, failed several legal standards covering unpatentable mental processes.
  • SHAZAM, Adaptive Payments Launch Pentagon to Compete with Square - Aug. 30, 2011
    An Iowa EFT network and Florida-based payment authentication company have partnered to launch a new mobile POS application that enables merchants to accept payment card transactions using an iPhone. The SHAZAM Network and Adaptive Payments today announced the launch of Pentagon, which the Des Moines EFT network will make available to its community bank and merchant clients. The companies said the Pentagon mobile app uses Adaptive Payments’ five-factor, dual-channel technology to authenticate PIN debit transactions and also enables acceptance of secure signature-based credit and debit transactions via a mobile device, which it claims is an industry first.
  • BOKU Signs Direct Carrier Billing Agreements with French Carriers - Aug. 30, 2011
    Mobile payments provider BOKU recently launched direct carrier billing with two carriers in France. The San Francisco-based company said agreements with Bouygues Telecom and SFR, a subsidiary of Vivendi, will give 32 million French customers the ability to pay for digital goods and services using their existing wireless service account, with the charge appearing on their carrier bill.
  • Study: Many Online Merchants Unaware Debit Interchange Reductions Coming - Aug. 25, 2011
    With the Federal Reserve’s rules implementing the debit interchange caps called for by the Durbin Amendment set to go into effect on Oct. 1, only one of around every six Web merchants that responded in a recent study have plans to steer customers toward debit cards. In a recent survey conducted by Internet Retailer, 17 percent of online retailers said they plan on taking steps such as “offering discounts and more prominently displaying debit card options on e-commerce sites.” According to the publication, the survey results suggest that many online retailers are still unaware their costs to accept debit card will be going down, and others are reluctant to influence how consumers pay.
  • SHAZAM to Launch Dual-Message PIN Debit Capability - Aug. 25, 2011
    SHAZAM, a Des Moines, Iowa-based EFT network, this week said it has created and will launch a dual-message product with separate authorization and settlement messages for PIN-based transactions. The company said this capability is an EFT-industry first that previously was only available for signature-based transactions. The impact of the new product will be felt most strongly by e-commerce merchants as it will enable them to accept PIN debit transactions more often while still supporting the requirements of the Durbin Amendment with less cost and effort.
  • PaymentOne Tops $5 Billion in Transactions - Aug. 25, 2011
    PaymentOne, a provider of carrier billing solutions for online and mobile commerce, said the company recently surpassed $5 billion in micro-payment transactions and incremental revenue generation for its digital clients. PaymentOne said it enables publishers, application developers and digital merchants to sell more virtual goods, online and mobile services, and recurring digital subscriptions to consumers around the world.
  • PCI SSC Releases Tokenization Guidelines - Aug. 22, 2011
    The PCI Security Standards Council (PCI SSC) recently published a guidance documents aimed at providing the market with greater clarity on how specific technologies relate to the PCI Security Standards and impact PCI DSS compliance. The PCI DSS Tokenization Guidelines Information Supplement outlines explicit scoping elements for consideration; provides recommendations about scope reduction, the tokenization process itself, deployment and operation factors; and details best practices for selecting a tokenization solution.
  • South African Bank Enables Online Purchases with Ukash - Aug. 22, 2011
    Ukash, a London-based provider of prepaid vouchers for online purchases, recently partnered with South Africa’s Standard Bank so its customers can purchase the vouchers directly from their online account. Standard Bank’s Autopay system enables its account holders to pay online for goods and services directly from a linked account. Now enabling Ukash, Standard Bank’s Autopay allows consumers in South Africa to shop and pay online with cash wherever Ukash vouchers are accepted.
  • CardinalCommerce Adds Alipay to Payment Options - Aug. 15, 2011
    Cleveland-based CardinalCommerce Corporation has added an alternative online payment method to its roster of payment brands for e-commerce merchants operating in China. Alipay is China’s largest third-party online payment platform with more than 550 million registered users. Merchant clients of CardinalCommerce that use the company to integrate multiple payment options into their e-commerce Websites can now offer Alipay to their customers as an additional payment method.
  • Zong Officially Part of PayPal as Acquisition Closes - Aug. 15, 2011
    eBay Inc. late last week said it has completed its previously announced acquisition of Zong, a mobile payments providers that enables direct carrier billing. According to the acquisition agreement first announced in July, eBay acquired Zong for approximately $240 million. The mobile payments company is now part of eBay’s PayPal unit. eBay said Zong works with more than 250 mobile network operators around the world, offering payments for digital goods and services in 21 languages and 45 countries.
  • E-Commerce Merchants: Nigeria Worst International Market for Chargebacks, Canada Best - Aug. 15, 2011
    A third of U.S. e-commerce businesses are missing out on international sales because of fraud and chargeback worries, according to a new report. Only 66 percent of U.S. e-commerce merchants are selling and shipping to customers outside the U.S., the results of a new study by 192business said. In its report, the London-based fraud prevention specialist said it also found Nigeria was considered the biggest source of international chargebacks by U.S. merchants. Sixty-four percent of the survey’s respondents cited Nigeria as the most common country from which chargebacks originate, followed by Ghana (18 percent), Ukraine (12 percent) and Romania (6 percent).
  • Mobile Payment App Lets Patrons Avoid Lines at Restaurants - Aug. 11, 2011
    AisleBuyer LLC, a Boston-based mobile self-checkout technology provider, recently launched a smartphone application enabling customers to place food orders and pay in real-time from an iPhone, Android or BlackBerry. The company said its mDine application lets restaurant owners offer customers the ability to view menus and nutritional information, place customized orders and save favorite orders, reducing the time spent in long lines. By integrating with the restaurant's existing point of sale system, mDine allows customers to order and pay from anywhere inside a restaurant from their mobile devices.
  • PayPal Adds Staff in Ireland - Aug. 11, 2011
    PayPal said it will create 200 jobs in Ireland after adding 150 new positions at the facility in the Dublin suburb or Blanchardstown earlier this year. The payment company said its European Centre of Excellence, which employs 1,350 overall, supports its fast growing European business.
  • ReD Makes Changes at Top - Aug. 11, 2011
    Retail Decisions (ReD), a London-based payment fraud prevention and payment processing provider, said CEO Carl Clump has been named group chairman and Paul Stanley has assumed Clump’s former role. Stanley joins the company from First Data International, where he most recently served as managing director and senior vice president of its financial services business for the European, Middle Eastern, African and Asian regions.
  • KreditFly Launches One-Touch Payment App for Android - Aug. 8, 2011
    KreditFly Inc., a mobile payments company based in Santa Clara, Calif., has launched a one-touch mobile payment app for Android devices. The company said it enables one-touch verification by granting short-term credit to first-time users, but stressed there is zero risk to developers and publishers because KreditFly guarantees this payment. Once registered, the company said users make repeat purchases by entering a short password to bill a payment method on file or deduct from a cash balance kept at KreditFly.
  • T-Mobile Rolls Out Direct Carrier Billing to All Mobile Devices - Aug. 4, 2011
    T-Mobile USA, Inc. has rolled out a nationwide program that enables customers to buy digital content and services and bill the purchases to their T-Mobile account. The Bellevue, Wash.-based mobile carrier offered Direct Carrier Billing for Android devices starting in 2009, but has extended it to browser-based purchases from virtually any online source across a variety of mobile devices.
  • SafetyPay Secures PSD License for EU Cross-Border Payments - Aug. 4, 2011
    SafetyPay, a Miami Beach-based online payment solution provider, has been granted a license enabling the company to offer cross-border payments throughout Europe. The company has earned one of only 15 licenses issued throughout Europe, becoming the first company to be licensed in Spain with validity in all European Union countries.
  • Payment Provider Moves School Fees Online - Aug. 4, 2011
    Horizon Software International, an online payment solutions provider that enables K-12 students to pay for school meals online (www.mealpayplus.com), has launched a sister site that allows all school districts, including those without Horizon’s cafeteria POS system, to accept online payments and registrations for all fees and activities throughout the school year.
  • Authentication Solution Battles Zeus-in-the-Mobile Attacks - Aug. 1, 2011
    Confident Technologies, Inc., a provider of image-based authentication and verification solutions for websites and mobile applications, recently unveiled Confident Multifactor Authentication, a two-factor authentication system that delivers an image-based authentication challenge to users' mobile phones. The San Diego-based company said that while many online businesses have started using two-factor authentication by sending authentication text messages to users' mobile phones, cybercriminals are keeping pace using a variant of the noted Zeus malware to intercept and reroute authentication text messages.
  • Vermont Credit Union Implements IronKey Security Solution - Aug. 1, 2011
    Data security firm IronKey Inc. said it has provided its secure browsing solution for members of Vermont-based Northern Lights Federal Credit Union (NLFCU). Sunnyvale, Calif.-based IronKey said NLFCU is one of the first credit unions to offer Trusted Bookmarks, a new feature of its Trusted Access for Banking that it says prevents identity theft, payments fraud and online banking account takeover.
  • Prime Factors Adds Tokenization to Security Offering - Aug. 1, 2011
    Prime Factors, Inc. has added tokenization to the EncryptRIGHT product suite. The Eugene, Ore.-based data security firm said tokenization, which substitutes a surrogate value for sensitive payment information without changing existing applications, protects sensitive data that businesses rely upon. The company said EncryptRIGHT supports two methods of token generation: random tokenization and tokenization by encryption.

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