Deteriorating financial conditions in 2008 coupled with the emergence of new payments types and the growth of electronic payments opened up new opportunities for payment fraud, according to the 2009 AFP Payments and Fraud Control Survey. According to AFP, "the assault on payments is widespread: over seventy percent of organizations surveyed experienced attempted or actual payments fraud in 2008." The survey was sponsored by J.P. Morgan Treasury Services. READ MORE »

FinovateStartup 2009 will have 52 participating companies presenting their stories on April 28 in San Francisco. The latest additions include: BudgetPulse (an online personal financial management service), Mozo (a financial services comparison engine out of Australia), SeerGate (a startup working on popularizing online debit payments) and Tempo Payments (looking to make decoupled debit a household word). Early bird registration closes on March 31 - so if you're planning to go, be sure to signup in the next few days!

ChronoPay and Payvision have announced they have signed a contract forming strategic partnership. Through the partnership with Payvision, ChronoPay expands its presence in European countries offering eCommerce merchants more flexible, secure and multi-currency payment solutions - enabling Chronopay merchants to increase their online transaction volumes. READ MORE »

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