Industry News

Online Retail Fraud on the Rise

According to the 2019 Fraud Attack Index by e-commerce security company Forter, attempts at defrauding online retailers have, for the second year consecutively, increased with online electronics and food and beverage retailers seeing the biggest hits. After going through merchant and transaction data, Forter determined the rate at which e-commerce fraud attacks occur has increased …

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UniCredit Unveils Data Breach That Involves 3 Million Users

On Monday, UniCredit revealed to the public that a 2015 file comprised of names, addresses, phone numbers, and email addresses pertaining to more than 3 million of their customer base was compromised and leaked. This occurred in spite of spending an additional €2.4 billion over the past 3 years on cyber security enhancements to their …

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Ingenico Offers New Mobile Payment Option For China

On Thursday, October 10, 2019, international payment services provider Ingenico announced its plan to open up the mobile payment processing market in China to the world through several unprecedented business partnerships. Ingenico has decided to focus in-country on China’s local e-commerce and mobile payment systems: It has partnered with bank card services provider UnionPay and …

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MasterCard’s Dispute Resolution Initiative

Mastercard is rolling out its new Dispute Resolution Initiative for payment processors and merchants that will bring many changes to how Mastercard chargebacks and transactions are handled. The initiative, which has a goal of improving chargeback outcomes and efficiency, will likely mean a more consistent process for merchants. The Dispute Resolution Initiative is being rolled …

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Understanding Facebook’s Ambitious Project Libra

Just a couple of weeks before Mark Zuckerberg, co-founder and CEO of the world’s most popular social network, was scheduled to appear before the United States Congress to answer questions about his cryptocurrency ambitions, he received disheartening news from some of the key partners in Project Libra. Payment processing giants such as Visa, MasterCard, PayPal, …

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Microsoft Unveils New Web Page Creation Tool for Merchants

Microsoft have just unveiled their next chapter of Dynamics Cloud Business Apps: Dynamics 365. Dynamics 365 is a new approach to cloud-based intelligent business applications, uniquely allowing brands to create product pages of their own, while having a space available for customer interactions, such as ratings and reviews. The goal of Dynamics 365 is to …

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