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The CNP Report Archive - November 2010

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  • Visa Partnerships Will Bring Holiday Shoppers to U.S. Websites - Nov. 29, 2010
    Visa Inc. recently announced promotions with two international online shopping services that will make it easier for international consumers to make holiday purchases on U.S. Websites. Visa cardholders in Australia, Bahrain, Canada, China, Kuwait, New Zealand, Oman, Qatar, Russia, Saudi Arabia and UAE can register with Borderlinx for free and enjoy shopping at thousands of online merchants from the U.S. and the U.K.
  • Amazon.com Launches in Italy - Nov. 29, 2010
    Amazon.com, the Seattle-based e-commerce giant last week launched its service in Italy. The company said Amazon.it is launching with more product categories than any other Amazon Website has launched with.
  • Verifi, Lime Light Join Forces for CNP Merchants - Nov. 29, 2010
    Verifi, a provider of payment and risk management solutions, and Lime Light CRM, a provider of customer relationship management solutions, recently announced a partnership that will streamline payment processing and fraud prevention for CNP merchants. The integrated solution, which merchants can access over the Web, automates the flow of payment transaction data in real time between the Lime Light CRM system and Verifi while payments are taking place.
  • PayNearMe Receives $16 Million Infusion - Nov. 29, 2010
    PayNearMe, a Mountain View, Calif.-based company that enables cash payment for online purchases, announced recently it has secured a $16 million in new financing. The most recent round of funding was led by Khosla Ventures with participation from new investor August Capital and existing investors True Ventures and Maveron.
  • Visa Europe and Swiss Issuer Launch Payment Card with Embedded PIN Pad - Nov. 22, 2010
    Visa Europe and Swiss financial institution Cornèr Bank recently announced the launch of a payment card with an PIN pad embedded right on the card for added security when making online transactions. With Visa CodeSure, which will be available initially in Switzerland, consumers generate a passcode by typing their PIN number into the card each time they make a purchase.
  • USA ePay Joins SVP Network - Nov. 22, 2010
    USA ePay, a Los Angeles-based payment gateway company, recently announced it will join the Secure Vault Payments (SVP) network.  SVP, an alternative payment method that enables consumers to pay for online purchases via ACH transfers, was developed by NACHA (the association responsible for managing the ACH network) and eWise, an online payments technology provider.
  • PAY.ON Restructures Management - Nov. 22, 2010
    Munich, Germany-based online payment processing technology company PAY.ON AG said it has shuffled its management team to reflect a greater focus on international growth. Markus Rinderer, previously chief technical officer, is taking over the position of CEO immediately.
  • Italian Regulator Fines MasterCard for Unfair Interchange Fees - Nov. 18, 2010
    Italy’s fair-competition watchdog, the Antitrust Authority, announced this week that an investigation initiated in July has found that MasterCard and several banks in the country colluded to keep interchange rates in the country artificially high. The regulator levied a total of more than €6 million ($8.4 million) in fines for allegedly using licensing agreements to keep interchange fees high in the country and passing those charges on to merchants.
  • Visa Holds Chargeback Training in Bahrain - Nov. 18, 2010
    With e-commerce poised to explode worldwide, the attendant challenges of accepting CNP payments are beginning to be addressed in new regions. In Bahrain recently, Arabian news outlets reported that Visa held a training course on dispute resolution for the banking staff at the Bahrain Institute of Banking and Finance (BIBF).
  • PayPal to Launch in the Balkans in 2011 - Nov. 18, 2010
    PayPal, the world’s most popular alternative online payment system, will be available in Serbia, FYR Macedonia and Montenegro sometime in 2011. Serbia has long sought to offer the service to its citizens, but widespread Internet shopping abuses dating to the 1990’s in the region left eBay, PayPal’s corporate parent, with concerns, according to an advisor in the Balkan state’s Telecommunications and Information Society Ministry.
  • Report: China to Become Largest Mobile Payments Market by 2013 -Nov. 15, 2010
    Mobile payments in China are expected to soar 48 percent to 410 million users making it the world’s largest mobile payments market by 2013, according to a new report from global research and advisory firm Celent. Mobile Payments in China: Emergence of a Mega-Market examines the market size, market characteristics, major supply chains, vendors, technology and customer experience of mobile financial services in mainland China.
  • PlaySpan Enables Micropayments from Android Phones - Nov. 15, 2010
    PlaySpan, a company that specializes in monetizing payments in the online gaming industry, announced the launch of UltimatePay Mobile, a virtual currency and micropayments monetization widget for leading smartphone platforms. The launch will initially be beta tested on Android smartphones.
  • Vindicia Nets $20 Million in Series E Financing - Nov. 11, 2010
    Vindicia, Inc., a provider of payment services for online merchants, recently announced it has secured $20 million in a fifth round of financing led by new investor FTV Capital. Vindicia said it will use the proceeds of the most recent round of funding “to further expand its sales, services and marketing teams.”
  • Firms Enable Cash Payments for Online Purchases - Nov. 11, 2010
    PaymentVision and PayNearMe announced they have partnered to enable cash payments for online transactions. The companies said Gaithersburg, Md.-based PaymentVision's universal ACH and credit card gateway and PayNearMe's cash-payment technology will enable consumers to shop or pay bills online and pay cash for the transactions at a local 7-Eleven store.
  • Utah Company Launches Chargeback Mediation Service - Nov. 11, 2010
    Consumer Credit Mediation, a Springville, Utah-based chargeback management company, last week announced the launch of its chargeback mediation services.The company said its service benefits the merchant and the consumer when a chargeback has been filed. Consumer Credit Mediation assists merchants in defending and winning invalid chargebacks and recovering the associated fees.
  • Chargebacks Illustrated - Nov. 11, 2010
    In a recent post on the company’s internal blog The Bullring, Needham, Mass.-based Chargify offered a graphical representation of the costs associated with the chargeback process. The company, which also has offices in San Francisco, developed a recurring billing application that enables online merchants to safely store and manage billing information.
  • U.S. Bank to Implement Online Payment System Leveraging ACH Transfers - Nov. 8, 2010
    U.S. Bank announced it will become the first major U.S. bank to implement Secure Vault Payments (SVP), an alternative online payment method that leverages ACH payments. With SVP, consumers initiate payments on a merchant or biller's web site and are automatically redirected to their own financial institution's online banking platform to select which account they wish to use for payment.
  • First Data, CardinalCommerce Enable Alternative Payments - Nov. 4, 2010
    CardinalCommerce and First Data Corporation recently announced the launch of an alternative payment system for merchants using First Data's Compass payment processing solution. The new system will enable online merchants to use their existing credit and debit systems to seamlessly accept and process alternative payments transactions through services like PayPal Express Checkout.
  • Report: U.K. Consumers Prefer Mobile for P2P and Bill Payments - Nov. 4, 2010
    VocaLink, a Dutch payment specialist, recently published research showing that the ability to make interbank payments immediately via a mobile phone holds a strong appeal for U.K. consumers. The research, conducted with consumers and small and medium enterprises during July 2010, looked to measure the appeal of making and receiving interbank payments, in real-time...
  • Council Releases New PCI DSS - Nov. 1, 2010
    The PCI Security Standards Council (PCI SSC), the Wakefield, Mass.-based industry standards body providing management of the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS), recently released version 2.0 of the PCI DSS and PA-DSS.

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