/ Technology

Online consumers will use credit cards less often, report predicts

In five years, traditional credit card transactions will make up 40% of total online purchases, down from 59% in 2007, while stored value cards like prepaid and gift cards will see the highest growth online, forecasts Javelin Strategy & Research.

Posted 12/09/2008Katie DeatschPost a comment

/ Technology

Payment services provider EnablePay plans expansion

EnablePay, an independent sales organization that offers credit and debit card processing services to merchants, has closed on a $2 million private placement and plans to expand by opening additional offices in New York and Indiana, the company reports.

Posted 10/09/2008Katie DeatschPost a comment

/ Technology

New data security standard adds flexibility and a few new requirements

The new version of the PCI Data Security Standard, released last week, clarifies rules for securing cardholder data. The standard is the basis for the security policies of payment card companies Visa, MasterCard, American Express, Discover and JCB.

Posted 10/07/2008Katie DeatschPost a comment

/ Marketing

Bank networks strive for international alternative payments system

As online alternative payment methods take market share from traditional bank-issued payment cards, bank networks in the U.S. and abroad are working toward an international system of supporting secure, direct e-commerce links to bank bill-pay services.

Posted 09/11/2008Paul DemeryPost a comment

/ Technology

Total Pet Supply finds a non-furry companion in eBillme

Pet product retailer Total Pet Supply launched its e-commerce site last year and added alternative payment option eBillme this summer. About 10% of shoppers pay with eBillme, which allows buyers to pay for purchases online through a checking account.

Posted 08/19/2008Katie DeatschPost a comment

/ Technology

Hackers stole more than 40 million payment card account numbers, U.S. says

In cases that go back years, a group of 11 U.S. and foreign computer hackers broke into the networks of nine retailers and stole information from more than 40 million payment card accounts, federal prosecutors have charged.

Posted 08/06/2008Paul DemeryPost a comment

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/ Marketing

Housing bill provision eyes $10 billion in tax revenue from online sellers

In a move to raise close to $10 billion over the next several years in tax revenue, an amendment to the housing bill in the U.S. Senate requires payment card processors to provide information on Internet sellers to the IRS.

Posted 07/11/2008Paul DemeryPost a comment

/ Technology

Online purchase fraud will rise through 2010, then taper off, Javelin says

2.3 million consumers were victims of fraudulent online purchases with their credit and debit cards last year, says Javelin Strategy & Research. That number will peak at 2.7 million in 2010, then trend downward as online merchants strengthen security.

Posted 05/23/2008Katie DeatschPost a comment

/ Technology

Online purchase fraud will rise through 2010, then taper off, Javelin says

2.3 million consumers were victims of fraudulent online purchases with their credit and debit cards last year, says Javelin Strategy & Research. That number will peak at 2.7 million in 2010, then trend downward as online merchants strengthen security.

Posted 05/23/2008Katie DeatschPost a comment

/ Technology

Retail Decisions hires Michael Caruana as sales executive

Retail Decisions Inc., a payment card issuer, payment processor and provider of fraud-prevention services, has hired Michael Caruana as vice president of sales. Retail Decisions is the the U.S. division of ReD Merchant Services.

Posted 05/05/2008Katie DeatschPost a comment