online transaction

According to the recent report of Tealeaf based on the survey conducted by Harris Interactive®, 83% of 10 million of the UK online consumers faced problems when making online payments through their mobile devices.   

Chase Paymentech has launched a new suite of solutions to protect online merchtans against fraud and POS merchants against data breaches. The new services are dubbed as Safetech™ Fraud and Security Solutions.

Ukash, an e-money network, is partnering with iovation, the Device Reputation Authority™ protecting online businesses from fraud and abuse, to deploy iovation’s ReputationManager 360 for global fraud protection across its growing line of e-commerce payment services.

Gemalto has launched a new credit card technology that enables banks to offer their clients a single card with both payment and increased security for online transactions.

Users activate the card’s online secure password by pressing a special button on the surface of the card. The card generates digital code that can be used for one-time authorization. Thus, customers enters this unique and non-reusable numeric code on a Web page apart from their user name and password.

The new Gemalto Ezio product is immediately available in the United States.

A global provider of financial services Fiserv announced the upgrade of its Virtual Brach, an online banking suite developed specifically for credit unions.

"With Virtual Branch, we have been able to capture new opportunities and offer more to our members as the online channel has evolved and become more prominent. It's great to have a partner like Fiserv, who we can rely on to invest in the tools and technologies our business needs most," said Gary Hinrichs, chief executive officer for West Community Credit Union.

Moneta Corp. a known online payment processor has announced about changing of the company name. Now the company is called Rialto Commerce and its consumer-facing payment product for e-retailers - Rialto Pay.

JetPay, a payment processing company that provides businesses with flexible integration, ease of use, and the ability to adapt to virtually any web site and application, has announced its partnership with Acculynk, delivering software-only services for online transactions security, over the offering of PaySecure Internet PIN debit solution.

European online payments provider paysafecard announced the appointment of Richard Knight as a new Director of the company’s UK-based subsidiary Prepaid Services Company Ltd.

Previously Richard Knight performed some risk management and compliance roles for Travelex, a global financial services company. In his latest position as Head of Compliance for the prepaid card and mobile payments division, he was responsible for all regulatory and compliance matters relating to Travelex’s prepaid card business which operates in over 30 countries worldwide.

Ranger Data Technologies and a group of 300 newspapers have joined under one roof to partner for the launch of a new online auction website that is meant to rival eBay and boost papers’ revenues. The website will be focused on local auctions.

An online investment project ReProFinance announced that it had increased the security of their investors with a new SSL certificate.

Effective immediately the new 256 bit single Root SSL certificate issued by Equifax Secure CA encrypts all investors’ transactions inside their member area. The certificate was issued for making the connecting between ReProFinance website and a user.

“In every detail of our business we are looking forward to make a dream of profitable and stable investment fund come true,” says ReProFinance.

For customers in Europe MasterCard launched a new payment card which is equipped with a keypad and eight-character display for showing a one-time passcode in a move to provide additional protection against fraud when performing online transactions.

Among other things Visa’s new product CodeSure can be used as a chip-and-PIN (personal identification number) card, where people enter into a terminal a four-digit pin that is confirmed by a microchip.

A global provider of financial services technology solutions Fiserv Inc reported the extension of its partnership with SunTrust Banks, Inc. which decided to select Fiserv’s Mobile MoneyTM.

Sun Trust will thus be able to provide its clients with access to mobile financial services. SunTrust will use Mobile Money to enable clients to access their accounts using SMS (text messaging) or mobile browser technology, complementing a separate downloadable application that is already available. Additionally, clients will be able to sign up for a variety of account alerts.

An open virtual currency provider and digital content microtransaction thought leader, Zeevex, has been bought by InComm, the leader in sales and marketing of prepaid products and innovator of transaction processing. 

This obtention will let InComm enhance its prepaid gaming vertical with Zeevex's virtual currency platform creating a powerful tool for consumers of all ages to discover and purchase their favorite digital content.

MShift, a US mobile banking provider, is suing Intuit subsidiary Digital Insight Corporation and users of its mobile banking technology platform. The lawsuit was filed with the United States District Court in the Northern District of California. Community Trust Financial Corporation and Community Trust Bank are named as co-defendants.

The filing alleges that the mobile banking technology Digital Insight is providing its customers, such as Community Trust Bank, infringes on a 2005 MShift patent.

According to the conclusion made by Cambridge University security researchers credit card security systems for online transactions such as Verified by Visa are in fact inefficient and burdensome.

While the 3D Secure system branded as either Verified by Visa or MasterCard SecureCode is widely implemented today to secure many online transactions, with over 200 million cardholders registered Cambridge researchers Professor Ross Anderson and Steven Murdoch note that it badly engineered in comparison with alternative schemes such as OpenID and InfoCard.