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1 - 10 of 28 Results

  • / Technology

    Verified by Visa security program used as bait in phishing scams

    Even security programs can serve the efforts of outlaws with schemes for online payment fraud. Visa’s Verified by Visa password program is being used as bait in e-mail phishing efforts to gain cardholders’ account information, a Visa executive says.

    Posted 01/06/2005Kurt PetersPost a comment

    Even security programs can serve the efforts of outlaws with schemes for online payment fraud. Visa’s Verified by Visa password program is being used as bait in e-mail phishing efforts to gain cardholders’ account information, a Visa executive says.
  • U.K. e-retailers worry more about costs than fraud

    / Technology

    U.K. e-retailers worry more about costs than fraud

    35% of online companies are frustrated by the cost of processing payments.

    Posted 07/08/2010Paul DemeryPost a comment

    35% of online companies are frustrated by the cost of processing payments.
  • / Technology

    Visa, MasterCard Respond To Hacker

    In response to a major incident in which a hacker stole thousands of credit card numbers over the Internet, Visa U.S.A. says it will focus efforts on its member institutions and merchants, rather than on wide-scale communications with cardholders. "E-commerce is still safe," a Visa spokesperson says, noting that fraud has dropped to 7 cents for every $100 in transactions, down from 22 cents five years ago. Though Visa believes current consumer...

    Posted 01/19/2001Don DavisPost a comment

    In response to a major incident in which a hacker stole thousands of credit card numbers over the Internet, Visa U.S.A. says it will focus efforts on its member institutions and merchants, rather than on wide-scale communications with cardholders. "E-commerce is still safe," a Visa spokesperson…
  • / Technology

    Visa sets new fines, offers incentives to encourage PCI compliance

    Spurred on by a series of database breaches at U.S. retailers, Visa USA announced new fines on the merchant banks of large U.S. retailers that fail to comply with the Payment Card Industry Data Security Standard.

    Posted 12/14/2006Paul DemeryPost a comment

    Spurred on by a series of database breaches at U.S. retailers, Visa USA announced new fines on the merchant banks of large U.S. retailers that fail to comply with the Payment Card Industry Data Security Standard.
  • / Technology

    CVV2 code verification support slower to arrive at some banks

    Some card-issuing banks still aren’t technologically equipped to validate CVV2 codes in real time. Over the holidays Progressive Distribution found banks unable to process the codes in 10% to 15% of transactions across its customer base.

    Posted 01/05/2005Kurt PetersPost a comment

    Some card-issuing banks still aren’t technologically equipped to validate CVV2 codes in real time. Over the holidays Progressive Distribution found banks unable to process the codes in 10% to 15% of transactions across its customer base.
  • / Technology

    CompactAppliance.com cuts fraudulent order rate 10%

    After implementing a credit card verification code system, which is designed to prove that online buyers have their payment card in hand, retailer CompactAppliance.com has cut its number of fraudulent orders by about 10%, it says.

    Posted 12/08/2005Paul DemeryPost a comment

    After implementing a credit card verification code system, which is designed to prove that online buyers have their payment card in hand, retailer CompactAppliance.com has cut its number of fraudulent orders by about 10%, it says.
  • / Technology

    Customized security rules lead e-retailers’ fraud-prevention techniques

    The most effective means of preventing online fraud among e-retailers is setting customized rules—such as subjecting all orders over $100 or from certain countries to extra scrutiny—according to a recent study by the Merchant Risk Council.

    Posted 07/13/2006Paul DemeryPost a comment

    The most effective means of preventing online fraud among e-retailers is setting customized rules—such as subjecting all orders over $100 or from certain countries to extra scrutiny—according to a recent study by the Merchant Risk Council.
  • / Marketing

    Card-not-present fraud rises 24% in the UK

    As more UK consumers shopped on the Internet, fraudulent card-not-present transactions rose to £150.8 million last year, up 24% from 2003, London-based Association for Payment Clearing Services reports.

    Posted 03/17/2005Kurt PetersPost a comment

    As more UK consumers shopped on the Internet, fraudulent card-not-present transactions rose to £150.8 million last year, up 24% from 2003, London-based Association for Payment Clearing Services reports.
  • / Technology

    Ice.com takes a proactive role in thwarting card theft

    On transactions valued at $800 to $1,120, Ice.com made nearly 400 calls last year to cardholders notifying them that an unauthorized party was trying to use their card number to purchase jewelry, says risk management head Ezzie Schaff.

    Posted 06/16/2005Paul DemeryPost a comment

    On transactions valued at $800 to $1,120, Ice.com made nearly 400 calls last year to cardholders notifying them that an unauthorized party was trying to use their card number to purchase jewelry, says risk management head Ezzie Schaff.
  • / Technology

    SecureClick Disposes Of Online Security Fears

    Cyota Corp. has introduced SecureClick, an online payment security model in which consumers never send their real card number over the Internet to make purchases. When purchasing through the SecureClick system, the customer never uses his or her credit card or debit card number, instead using a one-time "disposable" transaction number that only the authorized customer can access. The SecureClick system also checks the customer's final invoice...

    Posted 01/19/2001Don DavisPost a comment

    Cyota Corp. has introduced SecureClick, an online payment security model in which consumers never send their real card number over the Internet to make purchases. When purchasing through the SecureClick system, the customer never uses his or her credit card or debit card number, instead using a one-…

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