Payment processing

A cybercrook attempting to purchase online products with fake credit cards or under a phony name likely would not be able to hide from a Retail Decisions Ltd. fraud-protection upgrade designed to enable merchants to know where their online shoppers are located, the fraud prevention consulting and payment processing firm announced Nov. 28.

Acculynk Inc. is banking on its relationships with major U.S. retailers to help it secure card-network partnerships in the international market to deploy PaySecure, its Internet PIN-debit product.

Processor 99Bill Corp. has entered the cross-border electronic-payments market in China, offering payment-processing services for Chinese merchants that sell their products and services internationally, the Beijing-based company announced Nov. 19.

The Financial Service Authority in the United Kingdom has authorized Euronet Worldwide Inc. to acquire ATM and credit card transactions throughout most of Europe without the requirement of a sponsor bank, the e-payments provider announced last week.

Black Friday and Cyber Monday were robust for retailers, which could translate into a profitable start to the holidays for cyber criminals as well, a data security expert suggests.

Starbucks Corp. plans to ride the U.S. success of its in-store mobile-payment method by introducing the application to customers in the United Kingdom and Ireland on Jan. 5, the Seattle-based company announced Nov. 24.

IVR Technology Group LLC’s Pay-by-Phone virtual terminal now can process check payments through a partnership with processor Global eTelecom Inc., the phone automation services provider announced Nov. 22.

Easycash Loyalty Solutions GmbH, an Ingenico SA company, has taken over the payment processing for French prepaid card issuer LaSer, strengthening a partnership that began a year ago, terminal maker Ingenico announced Nov. 21.

First Data Corp. has completed the merger of its transportation payment services with Transportation Clearing House LLC, creating a joint venture the companies hope will become a leading card provider in the transportation industry, the card processor announced Nov. 17.

Isis has had a big week, as 45 partners of the GSM Association mobile operator trade group agreed to support the joint venture’s preferred payments model: Near Field Communication that uses SIM cards used in many mobile phones.

Like a pop star who sells more records posthumously, the Google Checkout payment service may prove most beneficial to Google after it is phased out.

New technology tools are emerging in the market that merchant acquirers can offer or merchants themselves can adopt to comply with Payment Card Industry data-security standards.

Chip-based fuel cards soon may replace magnetic stripe versions oil companies issue for use at European gas station stores and fuel pumps.

Card data security risks for online merchants or those operating payment schemes via cloud computing will get much attention next year from the Payment Card Industry Security Standards Council.

The U.S. is increasingly moving toward the EMV chip card standard as a panacea for credit card fraud, but it actually may be a Pandora's box.

Valve Corp., the company that provides the popular PC game platform Steam, disclosed Nov. 9 that it suffered a data breach this month.

Payments processor Vantiv known until July as Fifth Third Processing Solutions, on Nov. 10 filed to raise funds with an initial public offering that could be one of the biggest IPOs of the year.

Star, First Data Corp.’s electronic funds transfer network, is moving forward with plans to focus more heavily on e-commerce by signing a nonbinding letter of intent to participate in CardinalCommerce Corp.’s Universal PIN Debit Service.

Fleet card provider FleetCor Technologies Inc.’s third-quarter results benefitted from its mergers-and-acquisitions strategy and its new universal card product, one analyst says.

The casino industry is turning a corner, but the long-term impact of the so-called Durbin amendment on Global Cash Access Holdings Inc.’s revenues remains unclear, executives from the company told analysts during a Nov. 9 conference call to discuss third-quarter earnings.