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The CNP Report Archive - October 2010

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  • PayPal to Launch Payment Method for Digital Goods - Oct. 28, 2010
    At its Innovate 2010 developers conference in San Francisco this week, PayPal announced a version of its service that will be available soon for digital goods. The alternative payments provider said the new in-context, frictionless payment solution will enable consumers to pay for digital goods and content in as little as two clicks, without ever having to leave a publisher’s game, news, music, video or media site.
  • FAC Offers Authentication Service through European Firms - Oct. 28, 2010
    First Atlantic Commerce (FAC), a Bermuda-based online payment gateway and fraud management company, recently announced it has implemented its 3-D Secure service with Allied Irish Bank Merchant Services (AIBMS), Elavon and Barclaycard. FAC is now certified to AIBMS, Elavon and Barclaycard for 3-D Secure Verified by Visa and MasterCard SecureCode.
  • Report: Online Merchants Dropping the Ball on Alternative Payment Options - Oct. 25, 2010
    Consumers are spending more online and more than half are paying using alternative payment options, according to a new report from payments consultancy Javelin Strategy & Research and Shop.org, the e-commerce division of the National Retail Federation. But while consumers show interest in alternative payment methods—such as PayPal, Bill Me Later, Checkout by Amazon, eBillme or Google Checkout—the report found only a third of online merchants offer those methods.
  • Holiday Online Spending to Rise Again - Oct. 25, 2010
    Spending online will continue to increase this holiday season, according to research commissioned by online alternative payment company eBillme. The Rye Brook, N.Y. company’s quarterly Online Spending Index found that during the fourth quarter, consumers are planning to spend an average of $283.68 online, a 3 percent increase over Q4 2009.
  • 3Q Results from PayPal and BillMeLater - Oct. 25, 2010
    PayPal parent eBay announced financial results for the third quarter recently, as part of its earnings report. eBay's Payments segment, which includes BillMeLater in addition to PayPal, recorded revenue of $817.0 million for the quarter, a 22 percent increase from the same time period a year ago.
  • eWise Taps European Payments Vet for U.K. Expansion - Oct. 25, 2010
    Online payments provider eWise has hired an industry veteran to establish a European division of the Denver-based company. John France, a former head of processing sales for Visa Europe, will lead a partnership with U.K.-based electronic payments company to provide a new, safer and more secure online payments solution to the U.K.
  • BlueCava Nets $5 Million in New Funding - Oct. 21, 2010
    BlueCava, an Irvine, Calif.-based company that can identify any device connected to the Internet, announced this week it has tapped investors, including NBA owner and billionaire Mark Cuban, for $5 million in new funding. Cuban, an entrepreneur and Internet pioneer who founded and sold Broadcast.com, will join the company’s board of directors.
  • Cambridge Trust Offers SVP to Its Merchant Customers - Oct. 21, 2010
    Cambridge Trust Company announced it has joined the Secure Vault Payments (SVP) network and now offers SVP to its merchant customers. SVP is a way to make payments or shop online by leveraging consumers’ online banking accounts to make immediate payments without sharing any account information.
  • Visa Targets Online Fraud During National Cyber Security Awareness Month - Oct. 18, 2010
    In recognition of National Cyber Security Awareness Month this October, Visa Inc. launched a Website to help cardholders and small businesses protect payment card account information, avoid payment card scams and resolve unauthorized use of their cards. Visa is providing cardholders practical tips at www.visasecuritysense.com in English and Spanish. Visa also joins the National Cyber Security Alliance’s “Stop. Think. Connect.” campaign to educate consumers about protecting themselves and their personal information online.
  • Failsafe Chooses SecurityMetrics for Compliance Services - Oct. 18, 2010
    Failsafe Payments, a merchant service provider based in Cleveland, announced recently it has added PCI-DSS compliance services from SecurityMetrics to its payment gateway. The new compliance validation service joins Failsafe's merchant account program and Certo Payment Gateway, which the company said enables authentication and acceptance of multiple payment options and services for online transactions.
  • MRC and Mercator Partner for CNP Research - Oct. 18, 2010
    The Merchant Risk Council (MRC) and Mercator Advisory Group recently announced they have formed a partnership to develop a major research initiative to study the emerging digital identity ecosystem and its relationship to existing fraud management approaches, business relationships and potential government regulation in the CNP environment.
  • Durbin Amendment Faces Constitutional Challenge - Oct. 14, 2010
    A Minnesota bank this week filed a lawsuit challenging the constitutionality of the Durbin Amendment, the measure added to the Wall St. financial reform package limiting swipe fees on debit cards that was signed into law by President Obama this summer. In its suit, the Wayzata, Minn.-based TCF National Bank charges that the amendment’s passage without debate violates the bank’s right to due process and that the exemption for financial institutions with less than $10 billion in assets denies TCF equal protection, also guaranteed under the Constitution.
  • Online Resources Launches Low-Cost CNP Visa Acceptance for Utilities - Oct. 14, 2010
    Online Resources Corporation, a Chantilly, Va.-based provider of online financial services, recently announced low-cost option for public utilities that want to accept CNP payments from consumers using Visa cards. The company’s eCom Advantage suite of electronic billing solutions for payments, presentment and receivables, now offers utilities a program that allows for lower merchant discount rates for Visa payments made in a channel in which a convenience fee is not assessed.
  • U.S. CNP Fraud Stares at 32% Increase by Yearend - Oct. 12, 2010
    Lingering unemployment—reaching nearly 10 percent in the U.S.—and the increasing ingenuity of thieves will contribute to a 32 percent increase in the number of fraudulent attempts to buy goods on the Internet, according to a new report from fraud prevention technology provider Retail Decisions (ReD). The U.K.-based company predicted online fraud will jump significantly by the end of this year.
  • GlobalCollect Paper Examines International E-Commerce and Fraud - Oct. 12, 2010
    GlobalCollect, a provider of local e-payment solutions for international CNP channels, recently released a comprehensive white paper that examines how merchants can expand their online business in an environment where fraud is on the rise. Global e-Commerce: How Merchants Can Grow Online Sales without Losing Out to Fraudsters, produced in partnership with payments consultancy Edgar, Dunn & Company,describes the key trends in e-commerce and related fraud as well as the complexity of different types of fraud across some key countries and verticals.
  • M-Payments to Double in Asia Pacific by 2015 - Oct. 12, 2010
    Mobile payments in Asia-Pacific are expected to reach $3.6 billion in the next five years, growing 15 percent a year from 2010 to 2015, according to Mountain View, Calif.-based management consulting firm Frost & Sullivan.  The SMS method, which accounted for nearly 82 percent of total transactions in 2009, will likely remain the dominant mobile payment channel until 2015 when it will account for about 67 percent of m-payments.
  • mPayy Signs Agreement with Website for Mothers - Oct. 6, 2010
    Online and mobile payment provider mPayy recently announced an agreement with daily deal Website for mothers Mamaloot to enable payments from shoppers’ checking accounts. Launched in August, Mamaloot brings daily discounts to Chicago-area mothers sourced from service providers and retailers throughout Chicagoland.
  • PayPal Extends Buyer Protections to All Merchant Sites - Oct. 4, 2010
    PayPal recently announced that it will expand its buyer protections for online shoppers starting Nov. 1, 2010. The expanded protections will cover shoppers on merchant websites if they don’t receive an item they purchased, or if they receive an item that is significantly different than described by the merchant.
  • Ancient Market Informs New Name for Alternative E-Commerce Payments Processor - Oct. 4, 2010
    Moneta, an Atlanta based alternative payments processor for online transactions, said it is changing the company’s name to Rialto Commerce. The company said the new name for one of the newest ways to conduct commerce alludes to one of the oldest. “The term ‘Rialto’ has historical significance as it pays tribute to the well-known Rialto Bridge market in Venice, Italy—one of the world’s oldest trade markets for merchants, financiers and discerning buyers."
  • Online Payments Provider Shifts Focus to Social Gaming - Oct. 4, 2010
    mopay, an alternative online payment solutions provider specializing in the gaming market, recently announced partnerships with 16 social gaming publishers. The company, which first introduced a mobile payment platform for browser games, has bolstered its position in the social gaming market.

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