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eCommerce and Mobile Banking Fraud Lead 2016 Fraud Increase in the UK

Financial Fraud Action (FFA) UK, a financial services industry research and reporting group, recently released their 2016 year-end payment card and banking fraud totals which showed an increase in card fraud overall, primarily led by card not present channel fraud. Changing trends include an increase in fraud attempts but targeting lower order amounts compared to

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Mobile Driving More Sales So Far this Holiday Season

Consumers made more than $2 billion worth of purchases in the mobile eCommerce channel between Thanksgiving, Black Friday and Cyber Monday. Adobe reports that mobile devices accounted for nearly half of online shopping visits while comScore estimates that mobile eCommerce spending increased 53 percent from last year on Cyber Monday. If the consumer shopping trends

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Growing Mobile Traffic Underscores Importance of Mobile Friendly Sites and Apps

According to data from comScore, 13 percent of U.S. Internet users that visited retailers online did so only using mobile devices, including both mobile web and mobile apps. Meanwhile nine out of the ten largest online retailers in North America are seeing at least one-third of their digital traffic in the mobile channel, and at

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Over 44 Percent of Online Payments in the UK are Made via Mobile

According to data from Adyen based on client transaction data, more than 27 percent of online payments made in the first quarter of 2015 were made using a mobile phone or tablet. The United States is slightly below the global average in terms of the share of online payments made from a mobile device while

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Increase in Mobile Fraud Outpaces Mobile Transaction Growth

According to a recent study from LexisNexis mobile commerce represents 14 percent of all transactions, but 21 percent of fraudulent transactions are attributed to the mobile channel. Meanwhile the value of fraud losses for mobile channel merchants quickly grew from 0.8 percent of revenue in 2013 to 1.36 percent of revenue in 2014. According to

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Visa Replaces V.me with Visa Checkout, Adds New Merchants

Visa launched their e-wallet, V.me, in late 2011, but this was discontinued in July, 2014 in favor of Visa’s new, although quite similar service, Visa Checkout. Since launch Visa has signed on notable merchants to accept Visa Checkout and will soon begin a major advertising push to drive consumer adoption. Visa has discontinued their original

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Talks of Visa and Apple Partnership in Anticipation of September iPhone 6 Launch

Industry analysts have recently discussed the potential benefits to Visa and Apple should the two collaborate on mobile payments, even stating their opinion that a “partnership could be on the horizon,” and potentially in time for the launch of the iPhone 6. Is this potential partnership already in the works or is it just speculation?

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Mobile Wallet Isis to Change Name, Begin Rebranding Effort

The mobile wallet joint venture Isis founded by AT&T Mobility, T-Mobile USA and Verizon Wireless is in the process of changing their name to avoid confusion and mis-association with a militant group that has garnered much media attention of late, commonly referred to by the acronym ISIS. Not to be confused with the Islamic State of Iraq and

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Starbucks leads the way for mobile payments

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 acquires digital wallet maker C-SAM

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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