Payments News

On The Web

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Risk

Who’s In Your Online Shopping Cart?

“Crooks who hack online merchants to steal payment card data are constantly coming up with crafty ways to hide their malicious code on Web sites. In Internet ages past, this often meant obfuscating it as giant blobs of gibberish text that was obvious even to the untrained eye. These days, a compromised e-commerce site is […]
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Risk

HOW HACKERS SLIPPED BY BRITISH AIRWAYS’ DEFENSES

“ON FRIDAY, BRITISH Airways disclosed a data breach impacting customer information from roughly 380,000 booking transactions made between August 21 and September 5 of this year. The company said that names, addresses, email addresses, and sensitive payment card details were all compromised. Now, researchers from the threat detection firm RiskIQ have shed new light on how the attackers […]
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Risk

Feedzai To Help Credorax Fight Merchant Fraud

“A technology company founded in 2008 that was among the first to transition into a fully-licensed commercial bank, Credorax credits itself as the first bank designed for e-commerce. A specialist in merchant acquiring, the firm has merchant acquiring banking licences in 32 countries in Europe. Founded in 2008 and headquartered in San Mateo, California, Feedzai […]
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Risk

E-commerce site is infected not by one, but two card skimmers

“Payment card skimming that steals consumers’ personal information from e-commerce sites has become a booming industry over the past six months, with high-profile attacks against Ticketmaster, British Airways, Newegg, and Alex Jones’ InfoWars, to name just a few. In a sign of the times, security researcher Jérôme Segura found two competing groups going head to head with […]

On The Wires

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Risk

Account Takeover Attacks Are an Enormous Vulnerability for Which Many Merchants Are Unprepared

“Riskified, the payments and fraud-prevention solutions provider, today released a survey on the effect of Account Takeover (ATO) attacks on eCommerce merchants and customers. ATOs happen when a bad actor gains access to a legitimate customer’s eCommerce store account and uses that account for fraud. The survey shows that ATO attacks have a huge negative […]
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Risk

ACI Worldwide and Three UK Partner to Combat eCommerce Payments Fraud

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced it is extending its partnership with Three UK to combat eCommerce fraud, which has increased during the Covid-19 pandemic. The telco leader will enhance its online fraud management and prevention efforts by leveraging ACI’s award-winning fraud management offering ReD […]
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Regulation

Barclaycard Payments Partners With Kount to Deliver Industry-leading Fraud Prevention and Prepare Businesses for Strong Customer Authentication (SCA)

“Barclaycard Payments, which processes almost 40 per cent of card transactions in the UK, has announced a new partnership with leading fraud prevention provider Kount to give Barclays Transact customers access to award-winning fraud detection software. Barclays Transact is a suite of tools designed to help merchants make their online transactions both simpler and safer. […]
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Risk

ACI Worldwide and Arvato Financial Solutions Partner to Combat eCommerce Fraud

“ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced a strategic partnership with Arvato Financial Solutions to combat the rising levels of eCommerce fraud during the Covid-19 crisis. As part of the collaboration, ACI is offering Arvato Financial Solutions’ best-in-class Manual Order Review service to all its merchant fraud customers […]