As real-time and account-to-account transactions rise and payments fraud continues to rise with them, Visa is putting artificial intelligence (AI) to work. The company announced Wednesday (March 27) that it will use AI in a trio of new applications within its fraud and risk management...
Chargebacks have long been a thorny issue for merchants. And as transactions become increasingly digitized, chargebacks have in turn become more prevalent. They not only represent a loss of revenue but can also incur additional fees and damage relationships with payment processors. The rise of...
If you’re an online merchant, you may be all too familiar with this drill. A shopper finds you online, finds a product to buy, fills their cart and hits the checkout button. Transaction declined. Maybe the card has expired. Or maybe it’s maxed out the...
The rollout of PSD2’s Strong Customer Authentication (SCA) has been a bit bumpy, to say the least. A year ago (when the rollout was still officially on the calendar for September of 2019), merchants, acquirers and issuers all over the European Economic Area (EEA) were...
June 10, 2024
Network tokenization, a technology that replaces sensitive payment card data with unique digital identifiers, has been a hot topic of late. Long known as an effective eCommerce fraud fighter, it was a centerpiece of Visa’s series of announcements that brought merchants into the data token space. According to Doug Fry, senior product manager at open […]
March 14, 2024
Chargebacks have long been a thorny issue for merchants. And as transactions become increasingly digitized, chargebacks have in turn become more prevalent. They not only represent a loss of revenue...
January 22, 2020
The rollout of PSD2’s Strong Customer Authentication (SCA) has been a bit bumpy, to say the least. A year ago (when the rollout was still officially on the calendar for...
June 18, 2019
Cybercrime is both pervasive and expensive, as modern problems go. According to reports, citing the University of Maryland, there is an attempted hack every 39 seconds. By some estimates, cybercrime...
October 01, 2019
Mastercard has launched Threat Scan, a global solution to help banks spot authorization weaknesses before a breach occurs, the company announced in a press release on Tuesday, Oct. 1. The new service is being featured at the Mastercard Cybersecurity Summit in Croatia from Sept. 30-Oct. 3. As weaknesses in authorization systems can be exploited by […]
March 19, 2019
First Data, a commerce-enabling technology and solutions company, announced Tuesday (March 19) the launch of Authorization Optimization, a digital commerce tool that optimizes card-on-file transactions to boost revenue for merchants....
January 03, 2019
Despite being warned years ago about a bug in its Chromecast media streaming stick, Google has yet to fix it and hackers are still taking advantage. According to reports, that...
