AmEx Aims to Reduce Fraud in its Digital Channels Bigly w/Acquisition

American Express has acquired InAuth to help merchants and partners to identify potential fraud utilizing its mobile-first device authentication capabilities. The acquisition also positions the company to capture new opportunities as more consumer activity – from payments to account origination and servicing – moves to digital channels. The acquisition complements and enhances American Express’ comprehensive…

Biggest U.S. Retailers Have Unpatched Cybersecurity Vulnerabilities

New cybersecurity research reveals nearly 80% of the largest holiday retailers may not be using intrusion detection or prevention systems to monitor all traffic within the cardholder data environment. Additionally, over 90% of major holiday retailers have a SPF Record missing, which increases the risk of an email spoofing attack reaching consumers. SecurityScorecard’s 2016 Biggest…

Western Union Invests in Walletron to Advance its M-Tech Capabilities

The Western Union has taken a stake in Walletron, a pioneer in mobile wallet bill presentment and payment capabilities. The investment supports Western Union’s strategic direction to bring smart and convenient payment experiences to its customers via smartphones. Walletron automates brands’ presence in mobile wallets like Apple Wallet and Android Pay, powering digital engagement and…

Layered Payment Security Comes to Resort Property Management

Shift4 and Resort Data Processing (RDP), provider of property management software, are now offering a joint EMV-certified solution for vacation rentals, timeshares, resorts, hotels, campgrounds and private residence clubs. The solution includes: Layered payment security: EMV helps prevent the fraudulent use of stolen card data in card-present environments. With Shift4’s DOLLARS ON THE NET and…

Small Web Businesses Favor Ancillary Payment Service Providers

A new survey of web-based U.S. small businesses (between $500 thousand and $5 million annual sales) found a picture that is both reassuring and threatening to providers of payment services. The Mercator Advisory Group survey discovered small businesses deal primarily with one payments provider, on the other hand, ancillary payment service providers are joining the…

Lending Tree Grows a President to Accelerate Branching Out

NC-based LendingTree has juggled two top executives. Neil Salvage, previously the company’s Chief Revenue Officer, has been promoted to the newly-created role of President, managing the day-to-day business operations. Nikul Patel, previously LendingTree’s Chief Operating Officer, will now be the company’s Chief Product and Strategy Officer, where he will lead product innovation, consumer experience and…

Online Payment Card Holiday Fraud to Climb 12% YOY in the U.S.

ACI Worldwide says it expects a 12% growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products. ACI says following the U.S. adoption of EMV chip cards, which protects card data through encryption, fraud is shifting online as fraudsters are…