Latest News
Venmo Credit Card: PayPal and Synchrony Announce Joint Initiative
PayPal Holdings, the corporate entity behind the PayPal payment processing product, and Synchrony, a financial services company that offers bespoke customer financing programs, announced the launch of a Venmo credit card. Venmo is PayPal’s mobile payment service. This is the first credit card
Visa, MasterCard, Stripe All Exit Facebook Libra Association
The Facebook Libra Association, a new cryptocurrency payments initiative of Facebook, lost several high profile members in recent days. After initially agreeing to participate, payments providers Visa, MasterCard, and Stripe all announced their withdrawal from the initiative. The timing comes just d
Radpay Launches New Digital Wallet Security Feature
Radpay, a company that combines blockchain technology with traditional card payments infrastructure, added a new fraud prevention feature to their digital wallet, the company said in a press release. The feature works by adding additional identity and transaction validation methods using mobile phon
Ecommerce Fraud Trends 2020 Report Released
Merchant Fraud Journal is proud to release its “Ecommerce Fraud Trends 2020” report. The report is the result of months of collaboration between our publication and the leading eCommerce fraud prevention vendors in the space. It brings together thirteen interviews with insight from some
Cineplex Loyalty Program Hacked
Fraudsters attacked the loyalty program of Canadian entertainment and movie company Cineplex, the company said in a statement. The attack stole loyalty points from customer accounts, although it remains unclear exactly how fraudsters used them. Cineplex temporarily shut down the popular program in o
Business Email Compromise Gift Card Fraud Rising
Fraudsters increasingly use business email compromise (BEC) to commit gift card fraud, according to a press release by eCommerce fraud prevention solution Chargebacks 911. BEC is a form of Account Takeover Fraud (ATO) that involves fraudsters gaining access ot the account of an executive or high ran
DataVisor Feature Platform Launches
DataVisor, and AI eCommerce fraud prevention solution, announced the launched of its new Feature Platform in a press release. The platform enhances merchants ability to use data and analytics to create features to prevent eCommerce fraud. “The DataVisor GIN is powered by derived signals from m
Sift and Chargeback Gurus Sign New Partnership
Sift and Chargeback Gurus will partner to better prevent eCommerce fraud, the companies said via a press release. Sift is an eCommerce fraud prevention solution used by more than 34,000 merchant websites around the world. Chargeback Gurus is a chargeback recovery solution that helps merchants to fig
Everlink ACI Worldwide’s Up Payments Deployment Extended
Payment provider Everlink will extend its deployment of ACI Worldwide’s “UP Payments” Risk Management solution to power its new fraud prevention solution, eSCORE. ACI made the announcement via a press release. In a statement, Michelle Burger, General Manager, Card Management and Fr
Card Not Present Fraud Rates Climbing Higher and Higher
Card not present fraud (CNP) rates continue to increase, the Washington Post reported. 2019 CNP fraud stats within the US aren’t currently available. However, the most recent data shows this kind of eCommerce fraud already cost US consumers $4.5 billion in 2016. Unfortunately, the problem on
