/ Technology

New risk-management system detects prepaid gift card fraud

BSG Clearing Solutions, a provider of risk management tools for e-commerce merchants and communications service providers, has introduced an application for guarding against prepaid gift card fraud.

Posted 02/14/2008Paul DemeryPost a comment

/ Technology

U.K. chip & PIN technology may be accelerating attempted card fraud online

Since microchip-bearing credit cards debuted in the U.K. in January to prevent fraudulent card use at the point of sale, attempted fraudulent card-not-present transactions on the Internet are up 70% over a year ago, according to Retail Decisions.

Posted 09/01/2005Paul DemeryPost a comment

/ Technology

Credit card network JCB launches password security program

JCB, the Japan-based credit card network, is providing a password-based payment security system for online transactions.

Posted 11/21/2003Kurt PetersPost a comment

/ Technology

Online credit card fraud hit $700 million last year, Gartner says

Credit card fraud on the Internet reached $700 million last year, 1.14% of the total $61.8 billion that consumers spent on retail purchases, travel and event tickets, reports Gartner Inc. The year before, fraud totaled $499 million, 1.13% of sales.

Posted 03/08/2002Kurt PetersPost a comment

/ Technology

eConnect receives an order for 1,000 eCashPads from Kanakaris Wireless

Kanakaris Wireless, which is preparing to launch the ak.tv web/TV shopping site, has ordered 1,000 eCashPad home consumer payment terminals.

Posted 06/25/2001Kurt PetersPost a comment

/ Technology

Chip Cards Safest For Web Shopping, Consumers Believe

Consumers are more likely to view smart cards as a safe vehicle for Internet shopping as compared to credit cards without a chip, according to a March survey by Auriemma Consulting Group Inc., Westbury, New York. The survey of 501 respondents found that 34% of consumers saw shopping with general-purpose cards on the Web to be "very risky" and only 8% thought it "very safe." However, only 19% of consumers deemed the use of chip cards on the Web to...

Posted 01/19/2001Don DavisPost a comment

/ Technology

Tech Firms Join Forces

A group of major technology companies has announced its support and plans to develop the Account Authority Digital Signature and proposed Accredited Standards Committee X9 digital payments standard. (www.firstdatacorp.com) First Data Corp., (www.compaq.com) Compaq Computer Corp., (www.tsainc.com) Transaction Systems Architects Corp., (www.certicom.com) Certicom, (www.interworld.com) InterWorld Corp. and (www.cybersafe.com) CyberSafe Corp., made...

Posted 01/19/2001Don DavisPost a comment

Locked in

Pressure is mounting for retailers to comply with payment card data security standards.

Posted 03/30/2007Internet RetailerPost a comment