On the web:

• Connect your loyalty programs, offers and more to Google Wallet with the Wallet Objects API - "Save anything to Google Wallet: Integrate your loyalty programs, offers and more into Google Wallet. Users can save these items directly to their Google Wallet for easy use."
• Fast and easy checkout for Android apps selling physical goods and services - Google Commerce - "...our new Google Wallet Instant Buy Android API … makes buying in native Android apps fast and easy."
• Google Is Rebooting Its Troubled Digital Wallet On The Web - ReadWrite - "Google has long aimed to become a payments player. It knows that many of its searches drive people to e-commerce sites where they conduct transactions. …"
• The Feds Are Cracking Down On Mt. Gox (Not On Bitcoin) - Forbes.com - "…the Department of Homeland Security has some issues with how Mt. Gox is running its American operations."
• Give me that old bitcoin religion - PandoDaily - "To engender this trust, and tamp down the threat of counterfeiting, it relies on an ingenious combination of transparency and anonymity."
• Surprise! Prepaid debit cards actually a good deal for consumers Red Tape Chronicles - "Prepaid debit cards, long synonymous with frustrating or even exploitative fees, are suddenly a pretty good deal."
• Mobile Payments Startup ZooZ Debuts In-Ad Payments (Yes, “Ad” Not “App”) - TechCrunch - "With in-ad payments, mobile users will be able checkout by tapping once on a visible banner ad within a mobile app…"
• Visa concessions on card fees: a step in the right direction - EuroCommerce - "EuroCommerce will continue to campaign for a regulation which removes excessive interchange fees, not only cross-border but also on all domestic markets."
• Payleven and MICROS spawn a cloud-based point-of-sale system with Chip & PIN support - The Next Web - "The cloud-based POS system works via 3G, 4G or Wi-Fi and comes with integrated Chip & PIN card payments functionality, as well as automatic sales and card history transactions reconciliation."
• UK's Faster Payments is five years old - Financial Services Club Blog - "The UK's Faster Payments Service (FPS) celebrated its fifth birthday on 8th May."
• Google Wallet’s high turnover - Mobile World Live - "Google has been losing its payments executives at a surprising rate since its launch in the autumn of 2011."

On the wires:

• Federal Court Reinstates $203 Million Judgment Against Wells Fargo For Misleading Consumers On Posting Of Debit-Card Purchases That Resulted In Unexpected Overdraft Fees - "The case before Judge Alsup was brought on behalf of California Wells Fargo customers who, from November 15, 2004 to June 30, 2008, incurred overdraft fees on debit card transactions as a result of the bank's practice of sequencing transactions from highest to lowest."
• Visa Cuts Europe’s Swipe Fees But Continues to Stiff U.S. Merchants & Consumers - Merchants Payments Coalition - "U.S. merchants and consumers pay the highest fees in the world to credit card companies and banks to swipe their cards because of unfair price-fixing within the industry."
• Monitise Launches MPOS Payment Service - "The new white-labelled mobile payment service helps banks, mobile operators and acquirers offer their business customers the ability to accept card payments on a mobile device..."
• CHARGE Anywhere Launches EMV MPOS Solution at BlackBerry Live - "In integrating a Bluetooth enabled EMV/Chip & PIN smart card reader with a BlackBerry smart phone, CHARGE Anywhere, continues to lead the way in providing secure, innovative payment solutions"
• Vantiv and NCR to Bring Powerful Mobile Point-of-Sale Solutions to Small Businesses - "The multi-year agreement will focus on developing exclusive new solutions and expanding both companies’ innovative technology platforms to deliver personalized customer experiences that help smaller merchants compete more effectively against larger competitors."
• Tyfone Connected Smart Card Solution Fixes Cyber Security and Biometric Vulnerabilities - "Tyfone’s CSC solution operates much like the traditional plastic smart card systems already in widespread use, but has a much smaller physical footprint and uniquely has the ability to connect to any mobile device, tablet or PC."
• New C-SAM Applet Development and Testing Services Enable Rapid Rollouts of NFC-Enabled Mobile Commerce Products and Services
• APWG Report: Mobile Device Crimeware Evolves into Global Criminal Marketplace in Response to Mobile Payment and Banking Expansion - "The sprawling mobile devices marketplace has spawned an industrialized mobile financial fraud plexus that today drives increasingly sophisticated criminal technical innovation to exploit the mobile devices explosion"

On the web:

• In A.T.M. Robbery Case, a Splashy Trail of Big Spending - NY Times - "The eight young men, according to law enforcement officials, had just pulled off the first of two thefts that would ultimately rank among the biggest in New York City history…"
• Exclusive: Indian card processor in $45 million heist is ElectraCard - sources - Reuters - "Experts in cyber security said the heists expose an Achilles heel in the global financial industry: prepaid debit cards."
• The Problem with Prepaid: $45 Million ATM Heist Edition - American Banker - BankThink - "This fraud scheme adds to the many reasons banks approach prepaid products with caution."
• How to Pull Off a $45 Million Global ATM Heist - TechNews Daily - "This specific attack requires a very high level of sophistication and perhaps some inside help."
• Mobile Gift Card App Gyft Partners With BitPay To Start Accepting Bitcoin Payments In Its Android App - TechCrunch - "Gyft is proud to be a pioneer in the bitcoin universe and we are excited about the possibilities for further innovation on our platform…"

Over on PaymentsViews.com, Glenbrook's George Peabody examines the recent attacks on two prepaid card processors which led to $45 million of cash being withdrawn from ATMs around the world over a very short period of time.

Last week, we looked at the history of card fraud losses in the UK from 2001 through 2011. This week, we're taking a look at the history of counterfeit card fraud in Canada on Interac cards - Canada's national debit card scheme - based on skimming.

Interac reports that these losses decreased to $38.5 million in 2012 - representing just 0.012 percent of domestic Interac card volume) from a high of $142 million in 2009. Interac also reports that the number of cardholders affected by this form of card fraud fell to 93,800 in 2012 from 238,000 in 2009.

Over the last few years, Canada completed a migration chip card technology - with essentially all cards now equipped with chip and nearly 90 percent of POS terminals upgraded to support chip.

On the web:

• California Sues JPMorgan Chase Over Credit Card Cases - NY Times - "JPMorgan Chase … deluged the courts with dubious lawsuits to collect soured credit-card debt."
• How hackers allegedly stole “unlimited” amounts of cash from banks in just hours - ArsTechnica - "Prosecutors didn't identify the payment processors except to say one was in India and the other in the United States."
• PayPal exec aims to “obliterate passwords from the face of the planet” - ArsTechnica - "Our intention is to really obliterate, within a certain number of years, both passwords and PINs..."
• One good reason to accept Bitcoins: It screws credit card companies - Pando Daily - "Merchants should enjoy it while it lasts."
• Mobile Gift Card App Gyft Partners With BitPay To Start Accepting Bitcoin Payments In Its Android App - TechCrunch - "Bitcoin is hard to use today, and that’s a good thing. There are still bugs and it is too risky for the average consumer."
• WePay Debuts Veda, An Intelligent Risk Engine That Leverages Social Media Data To Prevent Merchant Fraud - TechCrunch - "A traditional credit score only shows a sliver of who you are, but an online profile allows us to assign our users a more accurate ‘WePay credit score’ based on their personal history of verified, social data."
• No big bang for mobile payments - Business Spectator - "Key to this is understanding that mobile payments are not a vertical market. Players must understand how the different participants in a payment system – the merchant, issuer, and consumer – can all benefit through mobile."
• Adam Smith, Paul Krugman and Bitcoin - Tomorrow's Transactions Blog - "There won't be a single world currency (whether the Dollar or the Remibi) and there won't be a single virtual currency (whether Bitcoin or MintChip). There will be lots of currencies and we will all be better off because of it."
• Free banking at risk as EU wants us to bank anywhere in Europe - Telegraph - "European proposals that would allow Britons to switch to a bank account in another country could hasten the demise of free banking, experts have warned."
• Mobile Payments Service Wins Bill and Melinda Gates Innovator Award - eCommerce Bytes - "Boleto is a unique barcode payment ticket that contains the customer's unique purchase data and Trak's bank information."

On the wires:

• Eight Members Of New York Cell Of Cybercrime Organization Indicted In $45 Million Cybercrime Campaign - "A four-count federal indictment was unsealed in Brooklyn charging eight defendants with participating in two worldwide cyberattacks that inflicted $45 million in losses on the global financial system in a matter of hours."
• Value-Based Payment Models Expected to Reach Tipping Point by 2018 - "Transitioning to payment models that base compensation on outcomes requires physicians and health plans to exchange new kinds of information – different than what is required under today’s predominant fee-for-service arrangements."
• Retailers, Listen Up: High Rates of Mobile Shopping Cart Abandonment Tied to Poor User Experience - "While the majority of smartphone and tablet owners (68%) have attempted to make a purchase on their device, two-thirds (66%) failed to complete a transaction due to obstacles encountered during checkout."
• First Data Releases April 2013 SpendTrend® Analysis - "Year-over-year dollar volume growth increased 5.1% in April, a slowdown from March’s 6.0% growth."

In our Chart of the Week last week, we looked at the relationship between the unemployment rate in the US and outstanding consumer revolving debt.

This week's chart of the week looks at the history of card fraud losses in the UK - as cited in the recent report "The U.S. Adoption of Computer-Chip Payment Cards: Implications for Payment Fraud" by Richard J. Sullivan of the Federal Reserve Bank of Kansas City. In the UK and a few other countries, these kinds of card fraud loss statistics are collected by the industry and shared publicly - unlike currently in the US.

Sullivan's article "examines how computer-chip cards work differently from magnetic-stripe cards, describes the security improvements offered by the chips, and reviews their mixed track record at defeating fraud in other countries."

The top dotted line in the chart represents the total card fraud losses on UK issued cards. The darker line below that represents fraud losses on IMOTO (Internet, mail order, and telephone order) card-not-present transactions while the third line below represents card fraud losses associated with counterfeit card transactions.

EMV chip card deployment took place in the UK during the shaded 2003-2006 time frame. Sullivan notes that the implementation of EMV initially helped reduce counterfeit card losses but that, because those cards still had magnetic stripes on them, fraudsters could still counterfeit them and use them at mag stripe acceptance locations outside the UK.

Sullivan goes on to comment:

After 2008, fraud losses with counterfeit cards and on IMOTO transactions declined. The decline was due to two factors. First, more merchants and ATMs on the European mainland had converted by that time to accept EMV payment cards, so fraudsters with counterfeit magnetic-stripe cards could no longer easily find locations where mag- netic-stripe cards were accepted, merely by crossing borders. Second, increasingly, merchants in the UK were adopting 3D secure systems for their IMOTO transactions."

On the web:

• Trustev Tackles E-Commerce Identity Fraud With An Online Fingerprint Made From Social Signals And More - TechCrunch - "Trustev … has developed a product to tackle online fraud using an algorithmic system of social signals, behavioral data and transaction history…"
• PayPal expands further into stores, but Wal-Mart holds out - Reuters - "PayPal's expansion into brick-and-mortar stores gives the company access to a market that is roughly ten times the size of the online payments sector..."
• Payments Network Dwolla Raises $16.5 Million Series C From Andreessen Horowitz & Others, Expands To San Francisco- TechCrunch - "The legacy payments networks in existence today are bogged down with outdated technology, slowing progress…"
• Payment Services Firm Qiwi Eyes $100 Million In IPO - Investors.com - "Qiwi is a leading provider of next-generation payment services in Russia and the Commonwealth of Independent States."
• RetailNext Raises $15 Million More to Track Your Every In-Store Move - PE Hub - "Our focus is on taking analytics happening online and providing it to physical retailers."
• It's Time for Better Online Authentication Solutions - Portals and Rails (FRB Atlanta) - "Improving authentication techniques and requiring their use are critical to better mitigate online account takeover risks."
• The Elephant in the Payments Room - American Banker - Jon Matonis - "Disruption in the unit of account is the way to disrupt the payments space."
• 4G will boost mobile payment uptake, says MasterCard - V3 - "The rise in 4G networks will help usher in a new wave of innovative mobile payment services for businesses to offer customers…"
• Chase Visa deal and SDWOANAF: where potential and confusion meet - Mobile Payments Today

On the wires:

• The UnionPay Travel Prepaid Card Launched by The Bancorp - "Though the card is targeted to those planning to travel to Asia, the card will be accepted within the US wherever UnionPay cards are accepted."
• ROAM Releases RP350x: World’s First PCI-PTS certified Chip and Signature Mobile Card Reader - "The reader provides a low cost solution for enabling Chip and Sign payment acceptance…"
• VeriFone Enables Channel Partner Success with New EMV-Capable, Portable and Mobile Payment Solutions - "VeriFone is committed to enabling channel partner success in a rapidly evolving market by providing EMV-capable, portable and mobile solutions…"
• TriSource Solutions Introduces First End-to-End Merchant Aggregation Processing Solution During ETA - "The increased functionality of our merchant acquiring platform can get PSPs and PFs up and running in record time…"
• Leaf Announces a Better Way to Sell Merchant Credit Card Processing - "Leaf’s open approach to payments offers a seamless reseller option for our partners to empower their sales teams with a new, competitive solution…"

The Payments System Research Department at the Kansas City Fed has published two documents:

In an article titled "The U.S. Adoption of Computer-Chip Payment Cards: Implications for Payment Fraud", Richard J. Sullivan, senior economist at the Federal Reserve Bank of Kansas City, takes a look at what has happened to payment card fraud in other countries following their migration to EMV-based chip cards.

U.S. regulators and industry leaders should expect shifts in the nature of payment card fraud and take proactive countermeasures. But the United States currently lacks effective tools to gauge what types of fraud are on the rise. Establishing a comprehensive monitoring system could help in assessing the level of payment card fraud, tracking trends in the fraud, and measuring the losses sustained by its victims.

On the web:

• Possible Fed Successor Has Admirers and Foes - NY Times - A look at Janet L. Yellen, Vice Chair of the Federal Reserve, by Binyamin Appelbaum.
• Federal Judge Threatens to Hold Merchant Trade Groups in Contempt Over Swipe-Fee Websites - WSJ - Judge John Gleeson is irritated about the website: http://merchantsobject.com/
• The Future of Mobile Payments: How to Make Sure You’re Ready
• PW Interview: Amber Feng, Stripe API, The Payment Web - Programmable Web - "Before Stripe, online payments mainly consisted of decades-old banking infrastructure grafted onto the web, resulting in an exceedingly complex process for businesses and a cumbersome experience for their customers..."
• Tesco: NFC payments are too complex and offer too few benefits - NFC World - "NFC was revolutionary 10 years ago but I think it just might have passed its sell-by date…"
• The Redesigned US$100 Note - coming October 8, 2013
• NACHA Positions the ACH Network To Be a P2P Payments Player - Digital Transactions - "...NACHA last August submitted an ACH P2P payments proposal for for comment last August and gave it final approval March 7."
• NACHA PAYMENTS 2013: Highlights from Day One and NACHA PAYMENTS 2013: Day Two Highlights - GXS' All About B2B Blog - Patty Hines
• 2013 Advanced Payments Report - Edgar Dunn - "The Advanced Payments Report 2013 … is based on a review of the global payments landscape, surveys of payments industry stakeholder opinion…"
• Total System Services Management Discusses Q1 2013 Results - Earnings Call Transcript - "…on the issuing side of our business, we kicked off what I would describe as our most significant business and technology initiative since, really, the launch of TS2."
• American Express streamlines expense tracking via mobile app - Mobile Commerce Daily - "The ReceiptMatch program is being rolled out for American Express Open business card users…"
• Prepaid Popularity on the Rise - The Members Group Blog - "The American Bankers Association study also found that more than 50 percent of U.S. FIs currently offer, or plan to offer, prepaid or reloadable debit cards."
• Visa Survey: Prom Spending Surges 33% Nationwide - "Prom season spending is spiraling out of control as teens continuously try to one-up each other…"

On the wires:

• Tabbedout Launches Powerful Merchant Marketing Tool 'Periscope' - "Periscope gives merchants the ability to monitor customer use of Tabbedout, review their customer's purchase history, collect and respond to guest reviews and create mobile marketing campaigns…"
• CPI Card Group Expands EMV Card Manufacturing Capabilities to Support EMV Migration in the U.S. - "The migration to EMV in the U.S. is unprecedented in terms of size and scale."
• Consult Hyperion joins Open Identity Exchange - "OIX is a non-profit trade organization driving the adoption of new and existing online identity products and services through the development of trust frameworks and listing services."
• FactorTrust Launches Underbanked Index - "Every three months, the Underbanked Index will provide a range of data points including demographic, loan behavior, seasonal effects and others, to help shed light on underbanked consumers."
• Too Busy to Save Money: Research at Stanford Graduate School of Business Examines Why Consumers Pass Up Store Discounts - "Seiler's look at individuals' purchases over time likewise suggests they're trying to minimize search costs."
• PULSE and fisoc Announce Agreement to Provide Buzz Points Rewards Program to Financial Institutions - “In this digital age, our solution enables PULSE to offer its financial institution participants a fully turn-key rewards program. This will provide a distinct advantage to PULSE in the highly competitive debit industry.” (See: Buzz Points)
• NCR Introduces Anti-Skimming Technology to Help Banks Increase Consumer Trust and Reduce Costs - “There were approximately 20,000 skimming incidents in the United States last year. The average cost per incident approached $50,000 and skimming costs across a U.S. bank’s entire ATM network is equivalent to about $2,500 per ATM each year."

ID Analytics has introduced a suite of fraud detection solutions designed specifically for eCommerce retailers.

“Fraudsters are becoming increasingly sophisticated, and eCommerce retailers still encounter too many false positives when screening for potential fraud. ID Analytics partners with merchants to help them fight fraud while ensuring that no additional friction is introduced into the online customer experience,” said Aaron Kline, director of eCommerce, ID Analytics. “This new suite of products leverages our unique data platform and is specifically designed to help eCommerce merchants maximize conversion by accurately separating true fraud from false positives and detecting when an online account is compromised.”

ID Analytics' eCommerce suite helps retailers improve their fraud detection through access to the ID Network, "one of the nation's largest networks of real-time, cross-industry consumer behavioral data."

CyberSource has announced results of its 14th annual survey of eCommerce fraud based on an independent survey of hundreds of online merchants.

In 2012, companies reported losing an average of 0.9% of total online revenue to fraud, similar to 2010 levels. Using 2012 industry market projections on eCommerce sales in North America, we estimate that total revenue loss translates to approximately $3.5 billion. Because the size of the overall market has grown, the revenue loss equates to $100,000,000 more versus 2011.

A full copy of the report can be requested here.

41st Parameter has announced the TrustInsight Network – a new crowd-sourced service that aims to improve card-not-present transaction approval rates.

With TrustInsight, every online consumer transaction will carry a TrustScore generated from encrypted data contributed by TrustInsight Network participants. This crowd-sourced TrustScore functions as the standard for eCommerce CNP trust. TrustInsight makes it easier for merchants to confidently process the more than 70% of online orders that come from first time customers. These people are unknown to the merchant but that doesn’t mean they can’t be trusted. That is the problem TrustInsight solves.

Sift Science, a new risk management startup, has opened up its public beta which includes the industries first 'freemium' service model for risk management. The company aspires to make setting up and using online risk management tools as easy as setting up and using Google Analytics. Sift Science claims that Airbnb and Uber are clients. Website is www.siftscience.com.

Glenbrook's Bryan Derman and Carol Coye Benson have published a white paper entitled, "Mobile Remote Commerce: Addressing the Challenges". The white paper explores the unique aspects of payment fraud in remote mobile commerce, and examines how Payfone combats this new form of fraud while streamlining mobile checkout for the buyer.

The freely-available white paper can be downloaded here.

On the web:

• Groupon Eyes Restaurants With Nationwide iPad POS Offering - chicagotribune.com
• Apple's Passbook: Helping To Make Baseball Tickets Extinct (12% Adoption) - TUAW
• Isis Mobile Wallet Set For Oct. 22 Release In Austin And Salt Lake City - NFCNews
• Stripe’s New Payments Product Could Be A Boon For Collaborative Consumption, E-Commerce Startups - TechCrunch

On the wires:

• Vindicia Chosen by LogMeIn to Optimize Customer Retention and Subscription Renewals
• TSYS Signs International Payments Agreement with Scotiabank
• Alaric Launches A Unique “On Premises” Solution for Optimal CNP Fraud Prevention
• BillingTree Extends Industry Partnership Program into Electronic Patient Payments
• MasterCard Unveils MasterCard Labs Dublin

According to a new study released by LexisNexis Risk Solutions, for every $100 in fraudulent transactions, retailers surprisingly incurred a 'true' cost of $270.

Findings from the study show the cost of fraud is on the rise compared to last year. This year’s cost of $2.70 per $1.00 in merchandise is up $0.40 from last year’s level of $2.30. One of the areas of major fraud growth is the mobile sector. This year, mobile merchants paid $2.83 for every $1.00 lost compared to just $2.00 for 2011, an increase of more than 40 percent. The analysis in the study shows that criminals are shifting more attention to merchants that use a broader array of sales interaction methods, including browser, applications, text and evolving near-field communication methods.

The 4th annual LexisNexis True Cost of Fraud Study examines how fraud affects retail merchants, financial institutions and U.S. consumers, as well as identifies and quantifies the losses involved in a fraudulent retail transaction.

On the web:

• Veridian Credit Union Goes Live with Dwolla Payment - American Banker
• Mobile Payments: The Trillion Dollar Industry That’s Never Happened – AGILEVC
• Owners May Not Be Covered When Hackers Wipe Out A Business Bank Account - NYTimes.com
• Global Payments Breach Exposes Data From Merchant Account Applicants - Digital Transactions
• MintChip: Sounds Like Ice Cream, But It's Actually Money (Canada) - Portals and Rails
• Payments via iPhone: Stay With Square Or Soar With Sail? - GigaOM
• Sooner Or Later, The Future Is Mobile Payments - INMA

On the wires:

• New Mercator Report on First-Party Credit Card Fraud
• Paydiant and pcAmerica Launch Integrated Mobile Payments Offering for Retailers and Restaurants
• Introducing AppCharge: The Next Mobile Payment Processing Solution for Business On the Go
• IdentityMind Partners with Rapleaf to Add Email Reputation to IdentityMind’s Antifraud Platform Services

MasterCard’s has announced a new tool called 'Expert Monitoring Fraud Scoring for Merchants' to help predict the potential for eCommerce fraud in real time.

“Fraudsters are becoming increasingly sophisticated in their approach, so online merchants must be even more vigilant in their efforts to protect the integrity of the online shopping experience for cardholders,” says Johan Gerber, Group Head, Global Network Products for MasterCard Worldwide. “Our new tool allows acquirers and their participating merchants to look at the potential for fraud in a transaction in real time, and integrate the data into any existing fraud detection solution. This helps increase accuracy in fraud detection, and helps to reduce the bottom-line impact of fraud.”

CyberSource 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 http://www.cybersource.com/fraudreport2012.

Retail Decisions (ReD)has announced the ReD Fraud Alert service, a new service which enables card issuers and merchants to exchange information in the fight against online payment fraud.

Using information normally exclusive to the issuer, ReD creates a channel to enable its merchants to use a customer’s full account profile to decide whether to accept or reject a transaction for items with a high ticket price.

Visa has announced plans to accelerate the migration to EMV contact and contactless chip technology in the United States. "The adoption of dual-interface chip technology will help prepare the U.S. payment infrastructure for the arrival of NFC-based mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale."

"By encouraging investments in EMV contact and contactless chip technology, we will speed up the adoption of mobile payments as well as improve international interoperability and security," said Jim McCarthy, global head of product, Visa Inc. "As NFC mobile payments and other chip-based emerging technologies are poised to take off in the coming years, we are taking steps today to create a commercial framework that will support growth opportunities and create value for all participants in the payment chain."

On the wires:

• Cardtronics Enlists Lexcel for Payment Network Testing
• Ethoca Partners with NCFTA, Launches FraudStop Service

On the web:

• Wall Street Journal: Google Pursues Role in Mobile Payments
• Portals and Rails: The nitty gritty of money transfer operators (MTOs)
• Mobile Commerce Daily: Mobile commerce and shopping experiencing phenomenal growth rates
• Wall Street Journal: Is Your Charity Chiseling You?
• paidContent: The NYT Pay Plan’s Most Dangerous Foe: Perception
• ETA Blog: Merchants Still Far From PCI Compliant
• China Daily: UnionPay network works well, competition not needed
• LINC New York: Innovations in Payment and Marketing in Web, Mobile and Social Networking

LexisNexis has announced the launch of its "new comprehensive fraud prevention solutions suite for protecting retailers from the risks associated with Card-Not-Present orders. For the first time, LexisNexis fully integrates its front-end identity fraud risk scoring with a workflow platform and fraud analyst review system, creating the ability to assess order risk at the transactional level, automate review processes and provide faster assessment for e-commerce retailers."

CyberSource, a Visa company, has announced availability of "the world's largest real-time fraud detection radar, empowering online merchants to pinpoint fraud faster, more accurately, and with less manual intervention. This advance enables merchants to conduct more accurate analyses of their inbound orders, including comparison of those orders to the over 60 billion transactions Visa and CyberSource process annually, including orders that were confirmed to be fraudulent."

NICE Actimize has announced that Green Dot has selected a number of NICE Actimize's risk management solutions, including Card Fraud, AML Suspicious Activity Monitoring, Know Your Customer (KYC) Due Diligence and Enterprise Risk Case Manager.

A news story in today's Sydney Morning Herald caught my eye: "New software to beat credit card fraud". The story describes how National Australia Bank is rolling out new technology - called liquid encryption numbers (LEN) - developed at its Bank of New Zealand subsidiary to deal with card fraud.

Exploring a bit further, I found this BNZ page with more details about LEN. According to BNZ, "LEN updates the magnetic stripe security information on BNZ credit cards when a transaction is completed at a BNZ ATM. This technology allows us to automatically detect if your card has been copied or duplicated without your knowledge. " READ MORE »

GDS Link has announced that is has been selected by RBS WorldPay to incorporate its DataView360 decisioning technology for better portfolio segmentation and merchant fraud identification. According to the company, "with DataView360, clients can implement and manage their fraud-based rules for several business functions, including screening for fraudulent transactions or generating knowledge-based questions and answers." READ MORE »

A new white paper titled "Fraud Trends in 2010: Top Threats From a Growing Underground Economy" by Rick Van Luvender Director, First Data InfoSec Incident Response Center, First Data Corp. is now available.

Interestingly, he writes: "...just as corporate IT managers have come to rely on the Internet to satisfy on-demand software needs in the form of Software as a Service (SaaS), so has the underground economy developed a similar infrastructure for delivering Fraud as a Service (FaaS), according to fraud experts from the InfoSec Incident Response Center at First Data."

Verifi has announced the availability of a new hosted payment page that enables merchants to outsource PCI compliance and fraud prevention. Verifi says its hosted payment page "provides retailers with complete flexibility to customize their checkout page for a seamless, branded customer experience, along with tools to optimize sales conversions." READ MORE »