Advertisement

The CNP Report Archive - June 2010

Read the news below & Sign Up for the Newsletter

  • Merchants Hail Swipe Fee Victory in Congress - June 28, 2010
    Retail groups from every industry hailed the decision reached last week on swipe fee reform by a congressional conference committee working on a larger financial reform bill. After a 27-16 vote, conference members agreed to include an amendment sponsored by Sen. Richard Durbin, (D-Ill.) that will require the Federal Reserve to set regulations resulting in “reasonable and proportional” swipe fees...
  • CNP Fraud in Australia Rises with Implementation of EMV Technology - June 28, 2010
    Earlier this month, the Australian Payments Clearing Association (APCA) released new statistics in the country on payment card fraud. While overall payment card fraud is stabilizing or dropping in the country with the introduction of the EMV standard in Australia, the numbers are mimicking those experienced in the U.K. as fraud on CNP transactions is beginning to rise.
  • Meetic Chooses Ethoca for CNP Fraud Management - June 24, 2010
    Ethoca, a Dublin-based company that uses collaborative information from CNP merchants to reduce its clients’ exposure to fraud, announced today that Europe's largest online dating service has joined its global network. Meetic, which has tens of millions of users from more than 20 countries posted on its website...
  • SafeCharge Acquires xt:Commerce - June 24, 2010
    SafeCharge International, an Innsbruck, Austria-based payment gateway provider,  announced it has acquired xt:Commerce GmbH, a technology provider for online retailers. xt:Commerce provides shopping cart technology and other processing services for more than 100,000 e-commerce sites for clients that include Volkswagen, 3M, Butlers, Mindfactory, Marktkauf, Delsey and Bugatti.
  • Chase Tabs PayPal Vet for E-Commerce Post - June 24, 2010
    JPMorgan Chase has appointed payments industry veteran Jack Stephenson as director of mobile, e-commerce and payments where he will lead Chase’s mobile devices and internet payments implementation strategy. Previously, Stephenson was senior vice president of strategy, partnerships, analytics and new ventures at PayPal.
  • ThreatMetrix Signs Reseller Agreement in Japan - June 24, 2010
    ThreatMetrix, a provider of fraud prevention solutions that do not require personally identifiable information (PII), recently announced that it has signed an agreement with Rikei Corporation, a Japanese information technology company, to resell ThreatMetrix Fraud Network solutions to control online fraud and abuse in Japan.
  • Swipe Fee Reform Hits Roadblocks - June 21, 2010
    The Durbin amendment, language contained in the Senate’s version of sweeping financial reform legislation that would limit swipe fees on debit transactions, lost some momentum last week under pressure from financial services lobbyists. In addition to Sen. Richard Durbin...
  • Transact24 Chooses PAY.ON for Online Payment Processing - June 21, 2010
    Munich-based online transaction provider PAY.ON AG announced recently it will provide its platform to Transact24, a payment service provider focusing on the Asian market. Transact24 is headquartered in Hong Kong and operates in Australia, Singapore, Indonesia, China, Macau, Mauritius, South Africa, the U.S. and the U.K.
  • Stakool Acquires LinQpay - June 17, 2010
    Stakool, Inc., a California-based mobile payment services company, announced an agreement to acquire LinQpay, Inc. and its flagship products Mobile LinQ and Global LinQ. Mobile LinQ leverages standard wireless phones enabling merchants to process secure payments and deliver user friendly real-time data.
  • Visa Europe Launches CodeSure Display Card - June 10, 2010
    Visa Europe recently announced that Visa CodeSure, a payment card featuring an alpha-numeric display and 12-button keypad, is now fully available for commercial launch. Visa said the technology will significantly reduce e-commerce fraud as cardholders will have to enter their PIN on the card every time they make an online transaction.
  • RBS WorldPay Still on the Block - June 10, 2010
    According to published reports, Royal Bank of Scotland (RBS) is reviewing six bids for its RBS WorldPay payment-processing arm.  Sources close to the process said the Edinburgh-based bank holding company will soon pick two or three suitors for a final round of bidding, according to a Reuters report.
  • Law Prof. Defends Swipe Fees - June 10, 2010
    Todd Zywicki, a professor of law at George Mason University and a scholar at the institution’s market-oriented think tank the Mercatus Center, recently released a paper in support of swipe fees.  The Economics of Payment Card Interchange Fees and the Limits of Regulation
  • New ‘Display’ Debit Card Facilitates Secure Online Purchases - June 7, 2010
    MasterCard Europe announced that a Turkish bank would be the first to issue the company’s new “display” debit card that enhances online security. Istanbul-based TEB, a subsidiary of French bank BNP Paribas, will be the first issuer to leverage the technology, launching an e-commerce authentication program connected with its Maestro debit card in July
  • WorldNet Enables iPhone Card Acceptance - June 7, 2010
    WorldNet, a Dublin-based online and mobile payment services provider to Customer Not Present merchants, recently launched an “open card payment library” for the iPhone that enables developers to embed credit card payments into iPhone applications for the first time.
  • Verifi Launches Hosted Payment Page for CNP Merchants - June 4, 2010
    Verifi, a payment and risk management solutions provider for CNP merchants, recently announced it has launched a hosted payment page that enables merchants to outsource PCI compliance and fraud prevention. The hosted payment option encrypts credit card data and stores it in a PCI Level I vault...
  • Durbin to MC, Visa: Stop Your Threats…Or Else - June 4, 2010
    Sen. Richard Durbin, who spearheaded the inclusion of an amendment to the Senate’s version of financial reform that limits swipe fees on debit cards, has lashed out at MasterCard and Visa for the way they have lobbied against the measure since its approval. Durbin said the card network’s opposition amounts to scare tactics and is “threatening” to small banks and credit unions.
  • YESpay Paving the Way for EMV in North America - June 4, 2010
    YESpay International Ltd, a global card payments services company based in the U.K., announced it has completed the EMV chip and PIN end-to-end certification of its EMBOSS card payment service with Chase Paymentech and First Data, two major card acquirers in the U.S. and Canada.
  • Guardian Analytics Secures $9 Million in New Financing - June 1, 2010
    Guardian Analytics, a provider of predictive analytics-based fraud prevention software, said it has raised $9 million in Series C funding. The Los Altos, Calif.-based company’s third round of funding was led by Sutter Hill Ventures with participation by existing investor Foundation Capital.
  • Vindicia Enables Online Payments for Boxee - June 1, 2010
    Vindicia, a Redwood City, Calif.-based payment services provider that manages subscriptions and one-time payments for online merchants, recently announced that Boxee, which brings movies, TV shows and video from the Internet to the TV screen, has selected Vindicia’s CashBox billing solution.

Search our NEWS Section here:
 
CyberSource