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The CNP Report Archive - November 2011

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  • PayPal Mobile Black Friday Sales Post 516% Year-Over-Year Increase - Nov. 28, 2011

    Mobile payment volume on Black Friday using PayPal increased 516 percent over last year, according to PayPal Shopping Specialist Claudia Lombana. In a post on PayPal’s blog, Lombana also reported Black Friday mobile payment volume more than doubled that of an average Friday, increasing 148 percent. The number of consumers using PayPal mobile to make purchases on the day after Thanksgiving this year was 371 percent higher than in 2010.

  • Gate2Shop Provides Payments Technology for Popular Online Game - Nov. 28, 2011

    Bulgarian gateway provider Gate2Shop said popular multi region Massively Multiplayer Online game My Lands: Black Gem Hunting is now using the company’s e-commerce platform to accept online payments. “My Lands required a reliable system that would allow us to process huge numbers of payments worldwide, with support for a really wide selection of payment options that can be integrated into our project,” said the game’s publisher Vladimir Eshenko.

  • U.K. E-Commerce Firm Launches Mobile Acceptance Solution - Nov. 28, 2011

    CreditCall, a U.K.-based e-commerce gateway provider, on Dec. 1 said it will release a fully EMV-compliant solution that will enable merchants to accept payments via BlackBerry and Android smartphones and tablets. CardEase Mobile can process mag stripe and chip-and-PIN transactions using a Bluetooth PIN pad, the company said. CreditCall.

  • ReD Launches IP Geolocation for Fraud Prevention Solution - Nov. 23, 2011

    Anti-fraud technology provider ReD said it has launched its Internet Protocol (IP) geo-location detection technology that enables the London-based company to track fraud threats based on the ability to accurately locate a device. ReD said one technique fraudsters have been using to trick merchants is by “anonymizing” their IP address, making it appear that a computer user based in one place was actually somewhere else.

  • Chase Paymentech Launches Safetech Fraud Tools in Europe - Nov. 21 2011

    CNP payments processor Chase Paymentech has launched new fraud-prevention technology for European online merchants. The company said its Safetech Fraud Tools are designed to help online retailers retain legitimate sales while preventing fraudulent transactions. “There is no magic solution to safeguard online merchants against the risk of fraud. Rather, merchants must develop an attitude towards risk and fraud based on their own business model and appetite towards risk,” said Shane Fitzpatrick, managing director at Chase Paymentech Europe.

  • Private Equity Firm Acquires VCG - Nov. 21, 2011

    RBS Equity Finance has acquired authentication company and payments processor Voice Commerce Group (VCG). The private equity group, a division of RBS Asset Management Limited, said the capital invested “will be used to bring innovative new products to the market and support the growth of existing services.”

  • ShopSavvy Releases Updated Mobile Shopping App - Nov. 21, 2011

    Dallas-based ShopSavvy last week released the latest version of its one-tap purchasing app for the iPhone and Android. ShopSavvy said it has expanded in-app purchasing to include a wider range of retailer Websites, like Walmart.com, Target.com, BestBuy.com and BN.com, among others. The app enables registered ShopSavvy users who scan an item in a store and see a better deal online to purchase it immediately without leaving the app.

  • Chase Paymentech Launches Annual Holiday Online Sales Survey - Nov. 17, 2011

    This week, CNP payments processor Chase Paymentech launched its sixth annual Cyber Holiday Pulse Index examining consumer online shopping trends for the key shopping days during the holiday shopping season. Pulse Index data for the first two weeks of November is showing strong year-over-year growth, with online sales up over 25 percent. Average ticket value, however, is down 9 percent in the same timeframe, continuing a downward trend for the fourth straight year.

  • MasterCard, Intel Seek Contactless E-Commerce Payments - Nov. 17, 2011

    MasterCard and Intel this week said they have formed a partnership they hope will result in enabling consumers to make contactless payments on their laptops when shopping online. The two companies are working together to optimize MasterCard’s PayPass and Intel Identity Protection Technology for easier, safer checkout options for online merchants and consumers using Intel Ultrabook devices and future generations of Intel-based PCs.

  • VeriFone Acquires Swedish Gateway Provider - Nov. 17, 2011

    VeriFone Systems, Inc. has signed a definitive agreement with Nordic Capital Fund V to acquire Point, Northern Europe’s largest provider of payment and gateway services for retailers. VeriFone will pay approximately €600 million ($810.3 million) to acquire all of the equity of Point and will also retire at closing existing Point debt of approximately €170 million ($229.6 million).

  • Amex to Invest $100 Million in E-Commerce Startups - Nov. 14, 2011

    American Express plans to invest $100 million over the next several years, focusing on early stage startups in the digital commerce space. The New York City-based company will invest in companies focused on serving different areas of the digital commerce experience, including loyalty and rewards, mobile and online payment management, fee-based services, security and fraud detection and data analysis.

  • STAR Network Chooses Cardinal Commerce for PIN Debit Authentication - Nov. 14, 2011

    Ohio-based authentication technology provider CardinalCommerce and the STAR Network have signed an agreement by which the EFT network will participate in the Universal PIN Debit Service (UPDS) enabled by Cardinal. First Data, the Atlanta processor that owns and operates the STAR Network, said UPDS enables online shoppers to use their debit cards to make purchases using the cardholder authentication method chosen by their financial institution.

  • Ezic Adds Functionality to Gateway - Nov. 14, 2011

    Chicago-based payment gateway provider Ezic, Inc. has launched “authorization reversal capability” on its gateway solution. The company said the new feature enables merchants to reverse any uncaptured authorizations on a credit card, immediately releasing the balance originally held, which would otherwise take up to seven days.

  • Secure Remote Payment Council White Paper Seeks Enhanced Security for E-Commerce and Mobile Payments - Nov. 10, 2011

    The Secure Remote Payment Council (SRPc) today released a whitepaper detailing the Westwood, N.J.-based trade group’s efforts to improve the payments infrastructure for card not present environments. Among the recommendations from the SRPc’s Remote Payments Roadmap Task Force, which produced the paper, are maintaining interoperability between the physical, e-commerce and mobile payment environments and establishing criteria that will lead to security in CNP environments equal to that seen in the physical world by PIN debit POS.

  • Ukash Launches Ad Campaign for Get Safe Online Week - Nov. 10, 2011

    Ukash, a provider of prepaid vouchers for online purchases, has launched a national advertising campaign in the U.K. coinciding with Get Safe Online week. The London-based company said the campaign features advertisements in national and local print media, national radio and online banners.

  • FIS Government Solutions Facilitate Recurring Payments - Nov. 10, 2011

    Jacksonville, Fla.-based processor FIS said recently it has signed multi-year agreements with numerous state and local government entities to deploy its government payments solutions. FIS said its platform enables government entities to accept payments for recurring services, such as public utilities, or for one-time fees, fines and citations.

  • Sprint Leads New Group Concerned with Mobile Security - Nov. 7, 2011

    With the growth in smartphone adoption and the explosion in mobile commerce, mobile network operator Sprint said it is leading a newly established Mobile Security Council that will bring together key players in the mobile ecosystem to address protection, safety and security needs important to consumers and businesses. Charter members of the council are Cisco, IBM, Juniper Networks, Lookout, Motorola Mobility (and its subsidiary 3LM) and Samsung.

  • Mobile Payment JV Launches Service in U.K. - Nov. 7, 2011

    London-based mobile banking and payments provider, Best Buy Europe and Carphone Warehouse founder Charles Dunstone have established a joint venture called Mobile Money Network that has launched an instant mobile checkout service. Simply Tap is built on Monitise’s mobile payments platform and enables consumers to enter payment card details once and pay for goods and services at participating retailers...

  • AisleBuyer Puts Mobile Checkout Technology in Supermarket - Nov. 7, 2011

    AisleBuyer, a Boston-based technology company that enables mobile self-checkout within brick and mortar retail locations, said its application today has gone live with its first grocery chain. Big Y, a supermarket chain based in Springfield, Mass with nearly 60 stores in Massachusetts and Connecticut, has implemented a mobile app powered by AisleBuyer that will enable consumers to access information and special offers on Big Y products while shopping in the stores and redeem those offers and pay for their groceries without standing in checkout lines.

  • Report: Larger Merchants More Concerned with Data Security - Nov. 4, 2011

    Merchants with 10 or fewer employees do not believe PCI compliance will protect their businesses, according to a survey sponsored by ControlScan and Merchant Warehouse. A “Perfect Storm” of Complacency: The Third Annual Industry Survey of Level 4 Merchant PCI Compliance Trends found 48 percent of such “micro-merchants” polled were either “unsure” of or “not at all familiar” with the Payment Card Industry Data Security Standard. Seventy-nine percent of larger Level 4 merchants (more than 50 employees), on the other hand, report they consider data protection a high priority.

  • Kount Integrates Anti-Fraud Solution with CRM Provider - Nov. 4, 2011

    Boise, Idaho-based Kount Inc. has integrated its platform with Lime Light CRM, a CRM provider for online marketers. The anti-fraud technology provider said the joint solution provides Lime Light CRM’s customers with better control of risk associated with fraud, while reducing the need for costly and time-consuming manual review.

  • Canadian Processor Expands to CNP - Nov. 4, 2011

    E-Debit Global Corporation said its E-Debit International Inc. unit, a Toronto-based payments processor, has launched the "Smart Grid" secured card not present payment process. The company, which had been focusing on the transition to the EMV standard in Canada, said it has turned its attention to the CNP world.

  • Report: Consumers Leveraging Internet and Mobile Devices for Holiday Shopping - Nov. 1, 2011

    While two-thirds of consumers expect the economy to stay the same or weaken next year, nearly 60 percent will spend the same or more this holiday season, according to international consultancy Deloitte LLP. The company’s 26th annual survey of holiday spending intentions and trends also highlighted the increasing importance of the online and mobile shopping channels. Among shopping destinations, the Internet jumped 13 percent to join discount stores at the top of the list with nearly half of consumers planning to shop these two destinations for holiday gifts.

  • BlueCava Nets $9.5 Million in New Funding - Nov. 1, 2011

    BlueCava, an Irvine, Calif.-based provider of device identification technology, recently secured $9.5 million in new funding. The round was led by venture capital firm S3 Ventures and included participation by the owner of the reigning NBA champion Dallas Mavericks Mark Cuban and Texas oil billionaire Tim Headington.

  • Pageonce Launches Mobile Bill Pay App - Nov. 1, 2011

    Pageonce, a daily finance service for mobile devices, recently launched what it claims is the first and only mobile bill pay service that gives consumers remote control over when and how they pay their bills. Pageonce said its new mobile app lets users view all their bills and pay from any account.

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