TX-based Soar Payments, a top credit card processor for high risk merchants, now defaults all new clients to enroll in Chargeback’s unique technology-driven solution; sending a strong signal to its merchant clientele that customer disputes need to be taken seriously and managed with proper tools and resources from day one. With Chargeback, Soar Payments’ clients…
CardFlash News Briefs: PURCH (ShopSavvy); CLEARANT (OpenCart); PAYCERTIFY (Paytronicks); and EC4IM (chargebacks).
New research reveals account takeover fraud, in which fraudsters steal an established account with personally identifiable information (PII) attached to it, continues to beat credit card fraud. Account creation fraud has increased by more than 100% since February 2015.
Jacksonville-based The Transaction Group (TTG) is providing free EMV terminals and PIN pads. TTG intends to provide merchants with a hi-tech EMV terminal to handle chip card transactions, as well as a customer-facing PIN pad with an EMV port so that the customer has possession of their credit card through the transaction process.
In today’s CardFlash News Que: E-COMMERCE 4 (high risk POS); CASHSTAR (AlwaysOn): MIND COMMERCE (mPayments); and PCIPOLICYPORTAL (PCI DSS).
Vancouver-based NuData Security has beefed-up NuDetect with an expanded array of behavioral biometric sensors producing 97% accuracy in verifying a user’s identity. The solution’s improved user interface acts as an “early warning system” that makes high-risk events easily accessible to security teams.
In today’s CardFlash News Que: STRAWHECKER (Branding); Fiserv (Tokenization); USAEPAY (Sage Payments); and Zchex (High Risk).
Hackers hit pay dirt with the recent credit card system breach of upscale hospitality chain Mandarin Oriental Hotel Group. Considering the hotel’s wealthy clientele, many of hacked cards have very high or no credit limits.
In a payment card industry first, Clements Worldwide and the State Department Federal Credit Union (SDFCU), have teamed to offer a credit card-based term life insurance program.
FL-based SegPay reports year-over-year revenue increased by 25%. In 2014, the company completed several enhancements to its proprietary SegPay Fraud Mitigation System.
The FDIC stopped neutrally enforcing regulations designed to protect consumers and ensure the safety and soundness of the nation’s banks, and then pursued their own personal political agenda and attempted to shut down legal businesses these officials did not like.
The I Works scam continues to haunt CardFlex. In December 2010, the FTC charged I Works with scamming consumers out of more than $275 million via deceptive “trial” memberships for bogus government-grant and money-making schemes.