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January 24, 2012

CyberSource 2012 Online Fraud Report

Cybersource logo 140x60pxCyberSource has announced results of its 13th annual survey of eCommerce fraud based on an independent survey of hundreds of online merchants.
The overall picture: merchants are making gains against fraud but the battle continues. The fraud rate by order (the percentage of orders that turned out to be fraudulent) dropped from 0.9% in 2010 to 0.6% in 2011—the lowest in the 13 year history of the survey. But the cost of combatting fraud continues to grow. Dollar losses were up, manual review continued to climb, and merchants reiterated their concern that fraud is becoming more difficult to detect. 27% of respondents said they are engaged in mobile commerce and initial indicators regarding fraud in that channel are promising.

To obtain a copy of the survey results please visit

Skrill 1-Tap Offers One Tap Mobile Payments

Skrill logo 140x60pxSkrill, formerly Moneybookers, has announced the "launch of Skrill 1-Tap – a new product connected to Skrill’s digital wallet that brings quick and easy mobile payments to merchants and customers. By implementing Skrill 1-Tap, merchants can offer customers the opportunity to pay for goods in ‘one tap’ on any device, rather than having to re-enter login details or credit card information."

Upcoming Payments-Related Events

BayPay 2012 Kickoff Event - NFC
BayPay starts off the year with an evening meeting on NFC, hosted by INSIDE Secure, in Redwood Shores, CA on January 26, 2012.

CNP Payments Forum
Ashok Misra, Chairman of the Customer Not Present Payment Forum, has announced that the CNP Payment Forum will be holding an evening event on the Feb 8th, 2012 at the Intercontinental Hotel, Frankfurt.

FinovateSpring 2012
The FinovateSpring Conference has been expanded to two days, and will be held May 8-9, 2012 at the San Francisco Design Center Concourse.

Merchant Payments and Fraud Risk Management Organization Survey

GP Logo Horizontal 140px Last call! Are you a CNP merchant that's interested in learning how other merchants organize and staff their payments and fraud risk management organizations? There are a few days left to participate in our online survey and we'll share the results!

You can find the survey here:

MasterCard Pilots 'QkR' Line Busting Solution in Australia

MasterCard logo 140pxMasterCard has announced that Australia will be the first country to pilot QkR™, a new queue-busting mobile payment application developed by MasterCard that lets movie goers at selected La Premiere Hoyts cinemas order food and drinks directly from their seats by using their smart phone.
The new QkR by MasterCard in-cinema smart ordering service will be piloted by the Commonwealth Bank at a number of Hoyts cinemas for several weeks from January. Guests of Hoyts’ luxurious La Premiere cinemas in Sydney who have an iPhone or Android handset will be able to buy food and drink from the comfort of their cinema seats through an application downloaded to their phone. Purchases are then delivered directly to their seat.

Recurly Raises $6 Million in Series A for Recurring Billing Service

Recurly logo 140x60pxRecurly has announced that it has raised $6 million in a Series A financing round led by BV Capital, and including Polaris Venture Partners, Harrison Metal Capital and FreeStyle Capital.
Recurly is in the business of helping subscription-based businesses eliminate the pain required to scale recurring billing operations by providing an easy, self-serve, pay-as-you-go platform. Recurly’s service automates many of the complexities involved with subscription billing management, such as customer upgrades and downgrades, credit card errors and declines, automated customer communications, and customer retention management.


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