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The CNP Report Archive - January 2011

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  • Useablenet Integrates with PayPal for M-Commerce - Jan. 31, 2011
    Useablenet, a New York City-based mobile technology company, has integrated with PayPal's Mobile Express Checkout, to enhance payment offerings on its clients' mobile Websites and other supported solutions, such as mobile applications, tablets, Facebook and other social media and in-store kiosks. Usablenet has created a technology platform that extends all features, functionality, and content contained on clients' websites (or other available sources) to their customers wherever they are.
  • Berner Group Chooses Wirecard for E-Commerce Processing - Jan. 31, 2011
    The Berner Group, a German direct sales company specializing in small components for use in the construction and automotive industries, has chosen Wirecard AG to process payments at its German online store. Eventually, customers in 14 countries will be able to order Berner Group products via the Internet. Munich-based Wirecard will provide processing, risk management and credit-card acceptance for e-commerce ordering processes.
  • Pay for Online Dating via Your Phone Bill - Jan. 31, 2011
    PaymentOne, a San Jose-based provider of phone-enabled payments for landline, broadband, and mobile carrier billing, has launched AnyPhone, a payment method for online dating services. The company said the leading companies in online dating and social media are seeking new payment methods that enable participation without requiring a credit card.
  • PayPal Q4 Revenue Rises 22% Year-Over-Year - Jan. 27, 2011
    E-commerce and online payments giant eBay Inc. recently reported fourth-quarter profits of $559 million on a GAAP basis, and non-GAAP net income of $684 million. For the full year, eBay Inc. posted $9.2 billion in revenue, net income on a GAAP basis of $1.8 billion and non-GAAP profits of $2.3 billion. The company’s PayPal unit reported Q4 revenue rose 22 percent compared with the same period in 2009 to $971 million.
  • U.K. Card Fraud Drops 3% in 2010 - Jan. 27, 2011
    Card fraud has now affected a total of 13 million people in the U.K., according to new research from CPPGroup plc, a York, England-based marketing services company specializing in card and identity security. The Card Fraud Index reported that 20 percent of victims had the magnetic stripe on their card cloned at an ATM or via a Chip and PIN machine—a 3 percent increase on 2009. Online fraud accounts for another 20 percent with criminals using the internet to obtain card details.
  • Verifi Spins Off Decline Salvage as Standalone Product - Jan. 27, 2011
    Verifi, Inc., a payment and risk management solutions provider for CNP merchants, announced the availability of Verifi Decline Salvage as a standalone service independent of the company's payment gateway. The Los Angeles-based company said Decline Salvage enables merchants to maximize their approval rates on recurring billing requests and recover revenue otherwise considered uncollectable.
  • Veracity Licenses WorldNet Technology for U.S. Payment Gateway - Jan. 27, 2011
    Veracity Payment Solutions, Inc. recently announced it has signed an agreement with WorldNet to license the Dublin-based secure online payment services provider’s platform in the United States. Under the agreement, WorldNet will provide Veracity with source code and collaborative development support for a payment gateway in the U.S.
  • Cisco: IT Leaders Feel PCI Makes Organizations More Secure - Jan. 24, 2011
    Global networking giant Cisco recently unveiled the results of a survey that found 70 percent of IT decision makers feel their organizations are more secure than they would be if PCI compliance were not required. The survey—designed to uncover and qualify current sentiment on the PCI Data Security Standard (PCI DSS) five years after it emerged—polled 500 IT decision-makers involved in their organizations' PCI-compliance programs from the education, financial services, government, health care and retail industries.
  • Adaptive Payments Secures Investment from SHAZAM - Jan. 24, 2011
    SHAZAM, Inc. announced Friday that it has made a strategic investment in the payment authentication company Adaptive Payments, Inc. SHAZAM, a Des Moines, Iowa-based electronic funds transfer (EFT) network, said it made the decision to invest in the Ft. Lauderdale, Fla. payment authentication company after the two partnered in September 2010 for Internet PIN debit processing and gateway services.
  • Acculynk to Launch PaySecure for Mobile Payments - Jan. 24, 2011
    Acculynk announced that it is adapting its PaySecure Internet PIN debit product to mobile smartphones early this year. The Atlanta-based company said PaySecure Mobile will allow consumers to authenticate their transactions by entering their bank-issued PIN on Acculynk’s graphical, scrambling PIN-pad, which has been specially designed for mobile smartphone platforms.
  • Cabela's Launches New Website with Fry - Jan. 24, 2011
    Fry, Inc., an Ann Arbor, Mich.-based e-commerce solutions provider wholly owned by MICROS Systems, Inc., announced last week that Cabela's, the largest mail-order, retail and internet outdoor outfitter in the world, has launched a newly designed web site on Fry's Open Commerce Platform (OCP).
  • U.K. E-Commerce Fraud Rate Twice That of U.S. and Canada - Jan. 21, 2011
    CyberSource, the e-commerce processor acquired by Visa last spring (CNP Report April 23, 2010), recently released the results of its annual survey examining fraud in the U.K. The Mountain View Claif.-based unit, estimated that the fraud rate for e-commerce merchants in the U.K. rose slightly to 1.9 percent in 2010 from 1.6 percent in 2009, around twice the rate of that found in North America (which held steady from 2009 to 2010 at .9 percent).
  • NetSuite, CyberSource Partner on Product Integration - Jan 19, 2011
    NetSuite Inc., a cloud-based financial and enterprise software provider, and e-commerce technology company CyberSource announced a partnership enabling companies running on NetSuite to access to the CyberSource Decision Manager fraud management solution. The companies said NetSuite is the first cloud-based business management software suite to integrate the CyberSource technology into its core business processes.
  • Braintree Launches End-to-End Encryption Solution for CNP Merchants - Jan. 19, 2011
    Braintree, a Chicago-based merchant account and payment gateway provider, recently launched an end-to-end encryption solution for CNP merchants. The company said its CNP End-to-End Encryption product eliminates the transmission and storage of credit card data from the merchant environment, significantly reducing the scope of PCI compliance.
  • 3DCart Partners with ProPay for Processing - Jan. 19, 2011
    3DCart, a Tamarac, Fla.-based e-commerce solutions provider, announced it has integrated into Utah processor ProPay’s payment processing system providing customers of both companies a set of tools for accepting credit and debit cards online as well as managing e-commerce Websites.
  • AisleBuyer Releases Data on Mobile Self-Checkout - Jan. 13, 2011
    AisleBuyer LLC, a Boston-based provider of mobile checkout solutions, has compiled and released data from the launch of its mobile self-checkout application for iPhone and Android. The data analyzed in Mobile Self-Checkout During the 2010 Holiday Shopping Season was gathered during the peak holiday shopping period from Black Friday through Dec.19, 2010. The company found that more than 15 percent of smartphone users chose mobile self-checkout in lieu of the traditional cash register.
  • SafetyPay Partners with Brazilian Bank for Online Payment - Jan. 13, 2011
    SafetyPay, an online payment facilitator and clearinghouse, recently announced a partnership with Brazil-based financial institution Banrisul. The companies said the agreement will provide the bank’s three million customers with access to exclusive promotions and the ability to pay with their own currency when shopping with worldwide merchants online.
  • Dutch E-Commerce Firm Names CEO - Jan. 13, 2011
    Dutch payment services provider GlobalCollect named Thomas Staudt as CEO after Jan Manten, who formerly held the position, was elevated to chairman of the board of directors of Cerceris BV, the holding company of GlobalCollect.
  • TSYS Acquires Remaining Interest in FNMS - Jan. 10, 2011
    TSYS, a Columbus, Ga.-based payments processor, recently announced it has acquired the 49-percent of First National Merchant Solutions, LLC (FNMS) it did not already own from First National Bank of Omaha for $169.6 million. The company, which offers several card-not-present payment solutions to its merchant clients, will be rebranded as TSYS Merchant Solutions. TSYS formed a joint venture with FNBO in April 2010, when it acquired a 51-percent controlling interest in the direct merchant acquirer and transaction processor.
  • mopay Looks at M-Payment Trends for 2011 - Jan. 10, 2011
    mopay, a payment solutions provider for online merchants based in Munich, Germany, recently released a report identifying several trends that will have a significant impact on the burgeoning mobile payments industry in 2011, including massive growth of the market in North America, increased consolidation and lower transaction costs.
  • CharityCall Enlists PayPal for Mobile Giving Solution - Jan. 10, 2011
    CharityCall LLC, a mobile web fund-raising solutions, announced an agreement to integrate PayPal's latest mobile payment solution for nonprofit organizations into CharityCall's mobileDonor mobile web application. PayPal's payment solution is integrated directly into the mobileDonor application providing nonprofits with a simple way to raise funds via smartphones.
  • PayLeap, 3DCart Partner for E-Commerce Payment Solution - Jan. 6, 2011
    PayLeap, a Chicago-based electronic payment services provider, and Florida shopping cart software company 3DCart, announced a partnership aimed at online merchants. The two companies will work together to offer a secure payment offering benefitting customers and merchants using the Internet to buy and sell goods.
  • Fed Interchange Rules Assailed by Incoming House Financial Services Chair - Jan. 3, 2011
    Rep. Spencer Bachus (R-Ala.), the incoming chairman of the U.S. House Financial Services Committee, is urging the Fed to take a long look at proposed interchange rules before making them final. Bachus said in a letter to Fed Chairman Ben Bernanke that a 9-month timeline stipulated by the Dodd-Frank Act is not enough to develop a fair regulatory regime.
  • Online Shopping Surges in Emerging Markets - Jan. 3, 2011
    The newly released 2010 online shopping index from MasterCard Worldwide Insights shows emerging economies in the Asia/Pacific, Middle East and Africa (APMEA) region are closing the gap on more established countries. MasterCard Insights, a research series conducted by the Purchase, N.Y.-based card network, said the index showed a huge spike in online shopping in India and Thailand, bringing them close to numbers for some of the more mature markets like China, Singapore, Hong Kong and Malaysia.

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