Boom time for e-commerce in India; but customers face heightened risk of fraud
NEW DELHI: As more Indians step up to make online payments, there is a proliferation of payment gateways and mobile wallets, many of which are facing the risk of being misused by unscrupulous merchants. Payment service providers like Citrus Pay and …
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Digital River and Klarna form online payments alliance
As part of another agreement, Klarna is using the Digital River World Payments solution to process consumers' credit card and online bank transfer payments through Digital River's international payment gateway. In 2013, Digital River processed more …
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Japanese Exchange BitFlyer Raises 6k in Growth Funding
As well as allowing people to buy and sell bitcoin, bitFlyer partnered with GMO Payment Gateway to provide a bitcoin payment option to 48,000 online merchants in late September. Earlier the same month, the firm launched Japan's first bitcoin …
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Ohio man sentenced in credit card fraud scheme
A search of the vehicle revealed 158 fraudulent credit cards, a laptop computer and a credit card encoder. The credit cards contained various names and account numbers and had been used in multiple fraudulent purchases throughout the country.
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It may sound like a good idea, but canceling credit cards can harm your credit …
The reason why I cancel a credit card roughly once a year is, I tend to sign up for credit cards that offer large incentives to new customers, and then after a year when an annual fee pops up, I cancel them. To avoid harming my credit score, I won't …
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General Electric spins off credit card unit in IPO
Synchrony Financial, the credit card unit of General Electric, made its debut Thursday as a public company, raising $ 2.9 billion in the year's largest initial public offering. The offering brings GE a step closer to reducing its footprint in financial …
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Justice Department probes banks for fraud
Critics say the heightened scrutiny and threat of prosecution will lead banks and payment processors to stop doing business with any merchant considered to be high-risk. And without those financial services, law-abiding companies, not just a few bad …
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Ten Things Never To Do When Designing A Fraud Solution
3-D Secure, a protocol designed to help online merchants reduce the incidences of fraud online was designed to do just that. But 3-D Secure has often been criticized for … 6. Score + Rules = Winning Strategy. A sophisticated scoring system along with …
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Mobile-Enabled Commerce Will Yield The Next 0B Startup
Companies in the Mobile Payments and Retail Enablement categories like Square and RetailMeNot capitalized early on the transition to mobile by building new businesses or reinventing old businesses to take advantage of growing merchant and consumer …
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