Visa Releases New Suite Of Security Capabilities To Fight Payment Fraud

Mobile Payment

Visa announced a suite of innovative security capabilities to help prevent and disrupt payment fraud, breaking new ground in cybersecurity and fraud prevention. The new payment security services and capabilities help protect the integrity of the payments ecosystem by detecting and disrupting fraud threats targeting financial institutions and merchants, as revealed at the Visa US […]

3dcart partners with ClearSale to help its merchants with fraud protection

3dcart

International fraud protection service ClearSale announced it entered into a partnership with ecommerce platform 3dcart. This new partnership offers 3dcart customers advanced card-not-present fraud protection that combines machine learning with human expertise to deliver the industry’s highest order approvals and lowest rates of false positives. Customers using ClearSale will also receive guaranteed protection from costly […]

PayPal Acquires Fraud Prevention Service Simility for $120 Million

PayPal is on a spending spree to acquire companies that can fill specific roles or market segments in PayPal. Just a few days ago it purchased Hyperwallet and now PayPal announced the acquisition of Simility, a leading fraud prevention and risk management platform, for $120 million in cash. READ MORE: PayPal Acquires Hyperwallet – And There is […]

Online Scam Attempts Increased During the Holiday Season

Online fraud attempts increased considerably during the holiday season compared to a year ago. Fraud attempts between Thanksgiving Day to December 31 grew by at least 22 percent, while overall online transaction volume was up 19 percent. That is the information provided by ACI Worldwide, an electronic payment processor that executes $14 trillion in payments […]