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The CNP Report Archive - July 2010

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  • Acculynk Enables PIN-Debit Purchases Online for MasterCard Cardholders - July 29, 2010
    Acculynk, an Atlanta-based e-commerce security provider, today announced it has partnered with MasterCard to enable online PIN-debit transactions. Acculynk’s PaySecure service enables consumers to use PIN-debit for Internet shopping, providing issuers with another way to validate a cardholder's identity and decreasing the odds of fraudulent transactions.
  • PayPal Bouys Ebay Q2 Earnings - July 29, 2010
    eBay Inc. recently reported Q2 profits rose 26 percent mainly on record performance of its alternative payments unit PayPal. The parent company reported net income of $530.2 million, or 40 cents per share, on revenue of $2.2 billion. PayPal added a million new accounts each month during the quarter and its merchant services business grew 40 percent year-over-year.
  • MRC Elects New Board Members - July 26, 2010
    The Merchant Risk Council (MRC), an association of merchants focused on risk in the ecommerce payments space, recently announced new board members for 2010 and 2011. New members of the MRC Global board are...
  • CyberSource Shareholders Approve Visa Sale - July 22, 2010
    As expected, shareholders of CyberSource Corp. this week approved the offer by Visa Inc. to acquire the Mountain View, Calif.-based e-commerce payments processor. Visa followed up the successful vote by announcing the completion of the $2 billion cash deal. About 71.8 percent of CyberSource’s outstanding shares voted, of which 99.8 percent came out in favor of the purchase.
  • Zeus Malware Enables Fraudulent CNP Transactions - July 22, 2010
    Trusteer, a New York City-based provider of secure browsing services, said last week that financial malware known as the Zeus Trojan, first identified in 2007, is targeting online banking customers of 15 major U.S. financial institutions by mimicking Visa and MasterCard online security tools. When users whose computer is infected...
  • PULSE Launches PIN Debit Service for Online Payment - July 22, 2010
    PULSE, a national debit/ATM network, recently announced the launch of PULSE Internet PIN debit for online shopping. The Houston-based subsidiary of Discover Financial Services said it recently concluded a pilot that showed cardholders were comfortable conducting e-commerce transactions with a PIN debit card.
  • Friendster Chooses Smart2Pay for Online Transactions - July 22, 2010
    Smart2Pay, a Dutch online payment solutions provider, announced recently it will be supplying its multi-currency alternative payment methods to social networking website Friendster. Smart2Pay’s offering will enable Friendster users, 90 percent of whom reside in Asia, to make transactions at the Friendster Gift Shop and to load the recently launched Friendster Wallet.
  • PayPal Survey: U.K. Online Sales to Grow 36% by 2012 - July 19, 2010
    With a 36 percent growth rate predicted for the next 18 months, the online sector is expected to lead retail sales in the U.K. According to the second annual Paypal Online Retail Report, while forecasts for the wider British economy are generally bleak, online retail will double its market share by 2012, reaching £30 billion ($46 billion). The report, undertaken for PayPal by Experian, said e-commerce is set to benefit significantly from improved Internet access and ...
  • Volaris Chooses Accertify for CNP Fraud - July 19, 2010
    Volaris, a Mexican economy airline, has chosen Accertify to manage fraud in its online bookings. "Volaris evaluated a number of other applications and selected Accertify because of its unparalleled track record in saving airlines and other e-commerce retailers millions of dollars by shutting down fraudsters."
  • Study: U.K. CNP Firms Not Ready for International Expansion - July 15, 2010
    Thirty percent of CNP businesses in the U.K. have international growth plans within the next one-to-two years, but most do not have the payment systems in place to properly support European customers, according to the results of a new survey. Payments processor Chase Paymentech Europe Limited commissioned the study that surveyed 200 businesses that accepted card-not-present transactions.  
  • NRF Releases Mobile Retailing Blueprint - July 15, 2010
    As mobile commerce becomes increasingly important in payments and commerce, merchants hoping to leverage the technology are looking for help. The National Retail Federation (NRF) recently released a comprehensive guide for navigating the mobile landscape.
  • Fifth Third Acquires Credit Union Card Portfolio of TNB - July 12, 2010
    Fifth Third Processing Solutions, LLC (FTPS), announced last week it has acquired the assets of TNB Card Services from Dallas-based community bank Town North Bank, N.A. TNB Card Services currently provides credit, debit, loyalty and consulting services to more than 370 credit unions in 27 states.
  • PayPal Launches Mobile Checkout - July 8, 2010
    PayPal recently announced on its blog the launch of a mobile version of its Express Checkout service. Mobile Express Checkout enables merchants to offer PayPal payments to smartphone users around the world.
  • Visa Launches PayPal Alternative Down Under - July 1, 2010
    Visa recently launched a new online payment service in Australia it said will be focused on micro transactions typical when purchasing downloadable digital content such as music, games and movies. Australian consumers are the first to experience the service...

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