October 2015 is the deadline for switching credit cards and readers to EMV/Chip & PIN technology in the US. At this point fraud liability switches to the party with the lesser technology, which will have substantial impact on unprepared merchants. The eCommerce channel must also get ready as stopping fraud at physical retail stores will
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A study performed on UK customers by Experian found that consumers on average will abandon transactions when identity checks take 7 minutes or longer to complete, although there is variation across verticals. This underscores the importance of organizations being able to present and perform these checks within an acceptable time frame or standard for their
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Following the success of last year’s inaugural Mobile Payments & Fraud Survey Report The Fraud Practice, Kount and CardNotPresent.com have once again teamed up to offer this year’s installment highlighting the opportunity, growth, preferences and priorities as it relates to the mobile channel. Download a free copy of the Mobile Payments & Fraud Survey: 2014
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The Fraud Practice is offering a 10% discount to all who sign up for the eCommerce Fraud Professional Certification by March 31st. The first 100 people to register will also receive a free iPad Mini. Spring Training has started, but the regular season will be here in April. Likewise, this promotional discount is only available
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Point-of-Sale mobile payments at Starbucks reached $1 billion in 2013. The focus on mobile coupons and loyalty programs with the Starbucks mobile payment app was a major factor in sustaining 5 million weekly transactions across 10 million users at U.S. stores. With 18,000 stores in over 50 countries Starbucks are indubitably successful. Their recipe for
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MasterCard has entered an agreement to acquire C-SAM, mobile wallet provider and transactions provider behind ISIS, the mobile wallet joint venture founded by Verizon, AT&T, and T-mobile. C-SAM also processes mobile payments in Japan, Mexico, Singapore, and Vietnam. The agreement emphasizes the importance MasterCard puts on mobile payments and smooth transactions in the mobile channel.
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Tablet devices are gaining ground, but smartphones are still the most popular mobile commerce devices. In the UK, half of smartphone owners have shopping in mind when choosing their phone. Mobile payments will reach $117 billion worldwide by 2017, an incredible increase from the $18 billion recorded in 2012. These figures come from WorldPay, a
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MasterCard partners with Syniverse for an opt-in service that can help reduce credit card fraud while decreasing the risk of cards being declined while travelling. Today, it is fairly easy for cybercriminals abroad to use stolen credit card information to make purchases. At the same time, legitimate transactions from people traveling are declined, because fraud
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Cybercriminals target the vulnerable and popular Android mobile platform through banking Trojans. 98% of mobile malware batters Android users. As of January 2014, Internet security firm Kaspersky reported a total of 10 million malicious Android installations packages detected in 2012-2013. The primary focus of the malware is banking Trojans while packages may focus on obtaining
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