Greg Jones, director of corporate relations at Visa US, told Silicon.com: "We concluded that in the longer term, an interoperable system is not viable, due to merchant settlement difficulties. Retailers said the payment system - which supported...
A Visa spokesman said in addition to shifting liability for disputed transactions to the card issuer, Visa will offer participating merchants lower interchange than they are usually charged for web transactions.
The ClearCommerce software will provide HSBC with fraud prevention and payment processing capabilities for its tens of thousands of online merchant customers. ClearCommerce software is used by more than 50,000 businesses worldwide, including Apple...
One of the most common phishing campaigns being waged has targeted users of web auction giant eBay and its PayPal payment-services division, with financial services giant Citibank serving as another popular target.
If there's a fraudulent transaction, it won't be the merchant but the issuer who pays. Van Eecke said: "There is a European directive about payments where if you are an issuer, the only activity you can do is make payments.
Shoppers in Oxford started to pay with their fingers this month, as the Co-op launched its trial of a biometric fingerprint payment system. Existing forms of payment - such as credit and debit cards - are under constant attack from hackers and...
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