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March 26, 2008

Majority of US Consumers Unaware of Online Fraud Liability Coverage

JupiterResearch has published results of a new national survey of 2,706 consumers sponsored by eBillme finding that "while fraud protection and security are the most important factors for online shoppers, 68% of online shoppers who pay with a credit card do not know their liability coverage."

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European Commission Initiates Formal Proceedings Against Visa Europe

From their press release: 'The European Commission has decided to open formal antitrust proceedings against Visa Europe Limited in relation to its multilateral interchange fees (MIF) for cross-border point of sale transactions within the EEA using Visa branded consumer payment cards, and the 'Honour-All-Cards-Rule' as it applies to these transactions. The proceedings will seek to establish whether these practices constitute infringements of Article 81 of the EC Treaty and Article 53 of the EEA Agreement, which forbid restrictive business practices such as price fixing.'

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First Fully Integrated Contactless Payment System in UK

In the UK, EAT, Commidea Ltd and Barclaycard Business have announced that EAT, a sandwich, soup and coffee shop, has become the first retailer in the UK to introduce a fully integrated contactless payment system. Using Commidea’s Ocius Chip & PIN solution with contactless technology, Eat will now be able to process both Visa (Paywave) and MasterCard (Paypass) contactless transactions for its customers using Barclaycard Business as their merchant acquirer.

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Bill Me Later, Continental Airlines Announce Promotion

Bill Me Later, has announced that 'Continental Airlines is offering customers that pay with Bill Me Later $20 off the total price of their airfare. The discount is available to new Bill Me Later customers that purchase tickets at continental.com or by calling Continental reservations at 1-800-523-3273 through April 23. In addition, customers that pay using Bill Me Later can take advantage of special promotional financing offers including no payments for 90 days and no payments for six months on purchases of $1500 or more.'

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Discover Card Launches Insurance Center

Discover Financial Services has announced the launch of the Discover Insurance Center, 'an easy-to-use Web site that offers consumers auto, homeowner’s, and term life insurance, as well as home warranty plans from trusted, reputable providers.'

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Payments Professionals Management Changes

We have received news of the following recent management changes:

  • Lance Blockley has been named CEO and Managing Director of Edgar, Dunn & Company.
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