Fraud losses incurred by banks and merchants on all credit, debit, and prepaid general purpose and private label payment cards issued worldwide reached $16.31 billion last year when global card volume totaled $28.844 trillion. This means that for every $100 in volume, 5.65¢ was fraudulent.
Chicago-based Host4ASP.NET released 3 shared ASP.NET hosting packages at the beginning of its establishment. Recently, this web host launched 2 professional hosting solutions for nopCommerce online store owners, which are named as Advance and Business respectively.
Visa announced the opening of a new technology development center in Bangalore, India, that will play a central role in the company’s efforts to accelerate digital commerce globally.
Europe’s Wincor Nixdorf is gearing up for more expansive Software business in Brazil. At the same time, it plans to work in cooperation with Perto in the Hardware sector. On the basis of an agreement recently concluded between both parties, the Brazilian company will take on the task of final production of Wincor Nixdorf systems for customers in Brazil.
Global Tel*Link has begun to include key-injected credit card scanners in all of its new payment kiosk deployments, as well as to perform quarterly inspections and audits of all payment kiosks. With this move, GTL is emphasizing its commitment to the protection of customer data by complying with and going beyond industry standards for customer data security.
Pocket Systems has unveiled PocketKey, a new system designed to permanently end the problem of e-commerce credit card theft for consumers, merchants and banks. 85% of Americans in wealthier households now consider card theft from a merchant as their biggest crime risk and 27% of Americans have experienced the anxiety and hassle of card theft in the past year. By 2018, losses to banks and merchants from credit card fraud are projected to reach $19 billion.
CashStar, the industry-leading provider of prepaid commerce solutions has closed o $15 million in growth capital. FTV Capital led the Series D round, joined by new investor Mosaik Partners and existing investors Passport Capital, Intel Capital, North Hill Ventures and others. This financing brings the total capital raised by CashStar to $50 million and will enable the company to continue investing in product innovation, sales and client success.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Vasant Prabhu, Executive Vice President and Chief Financial Officer of Visa, Inc.
Nexonia has launched a new user interface (UI) for their Nexonia Expenses mobile application. The modern and streamlined functionality of Nexonia Expenses 10.0 will provide customers with a visually-appealing user-interface, enhanced automation and the ability to configure and personalize the app itself.
CardWeb.com’s CardData database of Company Profiles today features DebitWay,
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Citi Double Cash TV Commercial, ‘Two In One’ Song by RAC.
New research/survey shows 64% begin their shopping journey on online marketplaces compared to 48% on merchant websites, 40% on search and 25% on social media, Respondents ranked trust as the number one factor on whether they chose to complete an online purchase