formats

Experian Acquires 192business

On November 28th the credit reporting bureau and global information services company Experian agreed to acquire the identity verification and fraud screening company 192business for an undisclosed price. The acquisition is still subject to approval by the UK’s Office of Fair Trading.

192business is the leading identity verification provider in the UK with more 1,000 organizations using their ID verification services. Experian offers identity authentication, knowledge bases assessments and other identity and fraud prevention services. Experian stated that this acquisition will form part of their Decision Analytics business line and they will expand their range of identity verification and fraud prevention services.

To Read the Full Story 

 
formats

Welcome to News & Events

Published on December 20, 2011, by in Industry News.

Welcome to The Fraud Practice’s FraudBlog; your source for updates on current events, commentary and best practices related to the eCommerce CNP payments and fraud industry.

Be sure to signup to see all of our content to include our free monthly FraudBlog Newsletter.

 
formats

In the Press: David Montague Interviewed for TNS Connect

In the November 2011 issue of Connect, Transaction Network Service’s dedicated telecommunications industry newsletter, David Montague is featured in an interview discussing the value of carriers with respect to identity authentication and fraud prevention strategies.

Download the newsletter and interview here.

 
formats

Fraudsters Forge Digital Certificates, Undermine Consumer Trust in Internet Security

After breaching the systems of a digital certificate authority a fraudster made their phishing and pharming web pages suddenly seem legitimate. Consumers rely on trust marks and digital security certificates to let them know a website is secure enough to handle their payment card account numbers and other sensitive information. But when fraudsters can make their fake sites seem legitimate by forging these digital certificates it reduces the trust and confidence consumers have in digital security certificates and the internet commerce overall.

Read More

 
formats

Financial Institutions Finding Ways to Recoup Lost Debit Interchange Revenue

According to an estimate by Javelin Strategy & Research the Durbin Amendment will eliminate $6.6 billion in annual revenue for affected financial institutions. But banks don’t plan on just letting this money go, instead they are finding ways to regain these revenues and steer consumers to more profitable payment forms. Consumers are already starting to see fees for debit card use, increased costs for checking accounts, debit card transaction limits and increased ATM fees while debit card reward programs quickly disappear.

Read More

 
formats

MRC Europe 2011

Published on October 1, 2011, by in Events.

The Fraud Practice’s David Montague is a featured speaker at the upcoming MRC Europe held in Berlin, Germany from October  17-19, 2011 where he will be providing a session title “Moving Beyond the Device,” a strategy for making best use of device identification.

 
Tags:
formats

Increased Legislation Causing Waves in the Online Landscape

In the United States debit interchange rates will be capped at around 21 cents beginning in October, 2011. Meanwhile, more states explore eCommerce tax revenues as a solution to budget deficits. In the European Union recent amendments to the Consumer Rights Directive improve customer refund and return rights affecting all internet, phone and mail order transactions. The US and EU continue to draft legislation and regulations affecting eCommerce.

Read More

 
formats

Tens of Thousands of Fraud Attempts, None Successful

Case Study – ATMCASH.com.We always seem to hear about the successful fraudsters who cheated merchants, but we don’t often hear about the successful merchants in stopping fraudsters. ATMCASH is an online money remittance business that, since its inception in 2005, has been able to maintain fraud losses well below the expected rates for their high risk vertical market. This is a remarkable feat for any online business, but an even greater accomplishment in the money movement vertical, an industry that sees a persistently high number of fraud attempts while the costs of fraud prevention and fraud losses have driven many entrants out of business. READ MORE

 
formats

Litle’s 2011 Client Conference

Published on May 15, 2011, by in Events.

David Montague will be presenting a session at this year’s Litle & Co. Client Conference held in Boston, MA this June.

 
formats

MasterCard Changes to Chargeback Policy Benefits Online Merchants

A recent rule change from MasterCard shifts the liability from merchants to issuers when subsequent fraud related chargebacks come in for a credit card account that has already had two fraud chargebacks and should have been closed by the issuer. This rule change applies to specific chargeback reason codes and will benefit merchants for chargeback re-presentment.

Read More

 
© The Fraud Practice LLC 2012