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Home  Payments News
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Payments News |
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Payments News - from Glenbrook Partners
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Payments News ISSN 1556-4487. Compilation Copyright © Glenbrook Partners LLC, 2002-2010. All Rights Reserved.
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Merchant Risk Council's Annual Merchant Fraud Survey
The Merchant Risk Council (MRC), a merchant-led trade association focused on electronic commerce risk and payment strategies, has announced the results of its Annual Merchant Fraud Survey, sponsored by CyberSource Corporation. According to the MRC, "this year?s survey again confirms that MRC Platinum Members are best in class at reducing revenue losses due to cyber theft, while also leading the way in reviewer productivity for both domestic and international orders." Key Survey Findings: MRC Platinum Members reported an average of just 0.9% of their total revenue lost to online fraud, compared to 1.2% for the overall sample, and 1.1% for...
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UK Card and Banking Fraud Losses Down 28% in 2009 to £440.3MM
The UK Payments Council has released new data on fraud losses for the full year 2009 that show that "total fraud losses on UK cards fell by 28 per cent between 2008 and 2009 to £440.3 million ? a decrease of £170 million on the previous year?s total." According to the Council, "the combined force of industry initiatives such as: chip and PIN; the increasing use of sophisticated fraud detection tools by banks and retailers; and the work of the DCPCU , the banking-sponsored special police unit, have all helped contribute to this fall. It is the first time that...
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NFC Forum Announces 19 New Members
The NFC Forum has announced 19 new members from 14 countries. "The new NFC Forum members are from several sectors of the NFC ecosystem, the numerous industries that are stakeholders and contributors to NFC technology. Industries represented include semiconductor and terminal manufacturers, higher education, service providers, compliance and testing organizations and systems integrators." "The increasingly diverse and global composition of our membership demonstrates the growing support for NFC adoption worldwide," said Koichi Tagawa, chairman of the NFC Forum. "The NFC Forum applauds the leadership of these member organizations, all of which are working actively to ensure that NFC provides greater...
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Vindicia Adds Two Game Publishers - HitGrab, Arbopals
Vindicia has announced the addition of two game publishers, HitGrab and Arbopals, to its customer portfolio providing on-demand billing solutions in the online gaming industry. According to the company, "with these additions, Vindicia's CashBox continues to expand its reach into a wide variety of game genres, such as MMOs, casual games, social games and virtual worlds. With the online game market expected to reach $24.8 billion in 2013, according to Strategy Analytics, publishers who seek to stand out from the pack must establish a business model that is fine-tuned to monetize their games, regardless of genre or style." HitGrab is...
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First Data Releases February 2010 SpendTrend™ Results
First Data Corporation has released its First Data SpendTrend? analysis for February 2010 - finding that "same-store dollar volume was up 8.4% (7.4% excluding gasoline stations) with employment showing signs of stabilization. Average tickets were up 1.4%, the first year-over-year increase since July 2008." SpendTrend tracks same-store consumer spending via credit, signature debit, PIN debit and EBT cards at U.S. merchant locations. As consumers spent more and saved less during the month, their discretionary purchases increased at general merchandise stores including value retailers. Same-store dollar volume growth for retail merchants overall increased to 8.0% in February, up from 5.4% in...
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Headline News - March 9, 2010
Official Google Blog: Open for business: the Google Apps Marketplace AsiaPay Launches PesoPay Online Payment Service with Globe GCASH USATODAY.com: Bank of America to deny debit card overdrafts USATODAY.com: Lower credit card debt traced mainly to charge-offs Huffington Post: Patrice Peyret: Green Dot vs. Kwedit: Innovation vs. Exploitation YellowPepper Meets Growing Demand for Mobile Financial Solutions in Latin America Carlson Restaurants Worldwide Taps Merchant Links TransactionVault to Secure T.G.I. Fridays(R) Restaurants Credit Card Data Guardian Analytics: Independent Study Reveals Banks Have a New Troubled Asset: Their Customers hyperWALLET Launches Global Mobile Airtime Top-Ups for Canada ContactlessNews: Miami-Dade makes launching a...
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Vesta Launches Prepaid.com Payment Portal for Prepaid Mobile Operators
Vesta Corporation has announced the launch of Prepaid.com, a recharge portal that allows mobile customers to send airtime to friends and family worldwide. According to Vesta, "the portal features immediate, no-fee recharging for prepaid mobile phone accounts and allows expatriates and immigrants to maintain strong family ties, regardless of distance and borders." Prepaid.com provides mobile operators with a plug and play solution that supports in-country and cross-border recharge for mobile services such as prepaid airtime, subscriptions, and mobile broadband. The new portal helps mobile operators capitalize on the billions of cross-border payments sent annually, and includes a variety of consumer-friendly...
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Mobey Forum Publishes White Paper on Secure Mobile Payments
The Mobey Forum has released a new white paper titled "Alternatives for Banks to Offer Secure Mobile Payments" that "examines the important role of the secure element in delivering mobile payment services to end users." (Both the white paper itself and accompanying slides are available for download). It provides an analysis of the mobile financial ecosystem, the stakeholders, and the value chain positions that can be achieved by banks though different business models. According to the Forum, "the paper?s key focus is on the role of the secure element, a tamper-resistant hardware element located within a mobile device, which is...
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Headline News - March 8, 2010
Magento and PayPal Expand Relationship to Drive e-Commerce Innovation TechCrunch: Forrester Forecast: Online Retail Sales Will Grow To $250 Billion By 2014 Washington Post: Second Life's virtual money can become real-life cash Los Angeles Times: Blippy.com gives the world a peek inside your wallet -- and that's the point Mobile Viewpoints by Bob Egan: Mobile Payments have to be as easy as mobile voice CreditCards.com: Consumers shying away from credit cards when shopping online Rush Card® Joins Green Dot® Network, Providing Additional Cash Reload Options for All Cardholders Increasing Online Identity Fraud Highlights the Need for Consumers to Better Protect...
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A Look at Square
In a post titled "Is Square a Threat to Verifone?" on his blog, Aneace Haddad writes about whether Square would pass his basic framework to evaluate the chances of success of a new project or venture. In his analysis of new ventures, he asks "three fundamental questions: so what, who cares, and why me?" Read his post to see what he concludes about Square.
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