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The CNP Report Archive - September 2010

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  • Study - U.K. CNP Merchants Too Reliant on Manual Reconciliation - Sept. 30, 2010
    CNP payments processor Chase Paymentech Europe Limited this week announced results from a survey that found U.K. organizations are failing to avoid the hidden costs of conducting e-commerce. The survey also found that CNP systems were affecting customer service levels. For example, if a customer had a problem during the checkout process, merchants were unable to automatically advise them why their card had been declined and how to resolve the issue.
  • Litle Launches Tokenization Solution for CNP Merchants - Sept. 30, 2010
    CNP payments processor Litle & Co. recently announced the availability of an integrated tokenization solution that enables CNP merchants to safely remove sensitive cardholder data from their systems without disrupting the integrity of their existing credit card transaction-based processes.
  • Blue Cava, 192business ‘Fingerprint’ Devices to Reduce CNP Fraud - Sept. 30, 2010
    BlueCava, a company that can identify electronic devices, and 192business, a European ID and age verification service, recently announced a strategic partnership to embed BlueCava’s device identification technology into the 192business suite of fraud prevention products. BlueCava said its Device Identification Platform is a patented technology that identifies connected devices and creates a permanent, unique fingerprint for each computing device.
  • Glass Maker Chooses 2Checkout.com for Online Payments - Sept. 30, 2010
    2Checkout.com, Inc., a Columbus, Ohio-based online payment solutions provider, said it has been chosen to process online sales for The Anchor Hocking Company. Anchor Hocking, a 105-year-old manufacturer of glass products, has launched its first direct-to-consumer sales portal using 2Checkout's payment processing platform.
  • Barclaycard Launches Online Payment Gateway in Europe - Sept. 27, 2010
    U.K.-based Barclaycard announced the launch of an online payment processing system designed to help European retailers compete with domestic retailers in foreign markets and reduce the number of abandoned transactions.  Barclaycard said the service, called SmartPay, offers a single payment gateway for large merchants’ online shops, adapting language and currency to the origin of the paying customer.
  • Fifth Third Acquires NPC - Sept. 27, 2010
    Fifth Third Processing Solutions, LLC recently announced it has signed a definitive agreement to acquire National Processing Company (NPC). The company said the transaction creates one of the largest merchant acquiring businesses in the United States, with a particular focus on small and medium enterprise (SME) businesses.
  • NEOVIA Chosen for Video-on-Demand Payments - Sept. 27, 2010
    NEOVIA Financial Plc, an alternative payments service based on the Isle of Man, announced that FilmFlex, a recently launched broadband video-on-demand service, will use the NEOVIA Payment Network to process all online payments. FilmFlex, a joint venture between Sony and Disney, claims it is the U.K.’s leading ‘on demand’ online film service.
  • Plimus Chooses 41st Parameter for CNP Fraud Prevention - Sept. 27, 2010
    Plimus, Inc., a provider of hosted solutions for e-businesses, said it has partnered with 41st Parameter to provide enhanced CNP fraud detection services for Plimus’ global customer base. Plimus, which services 55,000 online vendors and affiliates that sell digital goods and services, selected the FraudNet for Transactions solutions from 41st Parameter...
  • Acculynk Enables PIN Debit for JetPay Merchants - Sept. 27, 2010
    JetPay, LLC, a Dallas-based payment processing software provider, announced it will offer the PaySecure Internet PIN debit solution from Atlanta-based online security company Acculynk. PaySecure presents a graphical PIN-pad that appears at the merchant checkout to qualified consumers.
  • PayNearMe Enables Cash Payments in CNP Transactions - Sep. 23, 2010
    PayNearMe announced the launch of its new payment option that enables unbanked consumers or those who prefer to use cash, the ability to conduct a wide range of CNP payments. The company said consumers can use PayNearMe for e-commerce purchases, telephone orders, loan repayments or to load funds into e-wallets.
  • PayPal Names Chief Compliance Officer - Sep. 23. 2010
    PayPal recently announced it has created a chief compliance officer position. To fill the post, the division of eBay has hired Leonard Shen, who will be responsible for ensuring that the company operates within the rules governing the markets in which it operates.
  • PayGen, FAC Sign Strategic Alliance - Sept. 20, 2010
    PayGen International (PGI) recently announced a strategic alliance with e-commerce payment solutions provider First Atlantic Commerce Ltd. (FAC). Under the terms of the alliance, Seattle-based PGI will begin to offer multi-currency merchant accounts, e-commerce payment processing and PIN-based alternative payment solutions in Europe and the Latin American Caribbean region, in conjunction with FAC.
  • Online Software Dealer Accepts Alternative Payment Method - Sept. 16, 2010
    PayPro Global, an e-commerce solutions provider that offers innovative ways to sell software online, introduced WebMoney as a new payment method for software vendors. The company said the new option is appealing to software vendors who widely use the WebMoney payment system for making online purchases.
  • Ethoca Hires E-Commerce Vet - Sept. 16, 2010
    Ethoca, an anti-fraud technologies provider for e-commerce, announced the appointment of Julie Fergerson as vice president of emerging technologies. Fergerson, who held similar roles with Debix and ClearCommerce, has nearly 20 years of experience in the online payments and fraud management industry.
  • Equens Acquires Commerzbank Processing Arm - Sept. 13, 2010
    Equens SE, a payment card processor based in Utrecht, the Netherlands, announced recently it will acquire all shares of montrada GmbH, a German card acquiring and network service providing company, which is currently wholly owned by Commerzbank AG.
  • CRE Secure Deploys Tokenization for E-Commerce Merchants - Sept. 13, 2010
    CRE Secure, which has made several recent announcements regarding the integration of its online security solution with different payment gateways, said it has launched an encrypted tokenization service that enables online merchants to facilitate recurring billing and faster online payment transactions for repeat customers.
  • Webinar Explores Alternative Online Payments - Sept. 13, 2010
    eBillme said it will be sponsoring an industry Webinar titled How Banks and Merchants can Leverage Alternative Payments for a new Revenue Stream on Thursday, Sept. 16 at 1 p.m. ET. The Webinar will feature Kelly Jurgens, first vice president of the enterprise payments strategy group at SunTrust Bank, who will share some of the highlights of their alternative payments pilot program with eBillme.
  • ReD: 2010 CNP Fraud in U.K. Will Fall by 9% - Sept. 10, 2010
    There is good news for CNP merchants in the U.K. British merchants are expected to lose £242 million in fraud perpetrated during card-not-present transactions by the end of 2010, about 9 percent less than last year, according to international fraud prevention company Retail Decisions (ReD).
  • MicroBilt, CL Verify Merge - Sept. 10, 2010
    MicroBilt Corporation, a Kennesaw, Ga.-based risk management specialist, and CL Verify LLC, a Tampa, Fla. real-time credit bureau, announced recently that the two companies will combine under the name MicroBilt Corporation. Both companies are leaders in providing data solutions for verification, credit and collections.
  • Report - Consumers Divided on Interchange Issues - Sept. 7, 2010
    While merchants won a significant battle with the inclusion of the Durbin Amendment in financial reform that will limit swipe fees on debit transactions and enable discounts for using cash, a recent survey found the battle for consumers’ hearts and minds on the issue is still being waged.
  • Cash-Based Payment Methods Vital for E-Commerce - Sept. 7, 2010
    A new report from Maynard, Mass.-based Mercator Advisory Group said e-commerce merchants, especially those serving international markets, need to explore additional alternative payment methods that will allow consumers to buy online and pay offline using cash. The report said lost online sales opportunities from cash-dependent and cash-preferring consumers globally could be tens of billions of U.S. dollars each year.
  • Most Consumers Shop Online Weekly - Sept. 7, 2010
    Eighty-three percent of consumers shop online at least weekly, according to a study released recently by Boston-based marketing company Compete. Forty-four percent of consumers reported that they research electronics online, but ultimately purchase electronics at a store, 30 percent do so with kitchen items, 28 percent with media and 28 percent prefer to research furniture online and buy it in the store.
  • DRF Attendees Tab Interchange as Top Concern - Sept. 7, 2010
    At the recent Direct Response Forum in Memphis, Tenn., a survey of Card Not Present payments professionals identified interchange fees as the industry’s top concern. Despite the Durbin Amendment, included in the recently passed financial reform package, which will limit swipe fees on debit transactions, nearly 60 percent of merchant attendees at the event said it was still the most important issue facing the industry.
  • RBI Annual Report Details CNP Changes - Sept. 2, 2010
    In its 2009-2010 annual report released recently, the Reserve Bank of India said it has taken a number of steps to address Internet and mobile technology payment solutions in the past year. To mitigate the risks arising from the use of credit and debit cards in e-commerce environments, it was mandated that all Card Not Present transactions should be additionally authenticated based on information not available on the card. 
  • Online Editing Service Takes PayPal for CNP Transactions - Sept. 2, 2010
    Editor World, an online editing service, said it is now accepting payments through PayPal. The Newport, Va.-based company, which enables corporate, academic and literary clients to upload documents for automatic editing, said the new payment option demonstrates Editor World’s ongoing commitment to facilitating seamless transactions, and maintaining the highest standards in online payment processing and security.

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