2017 Forum Session Proposals
For the past 27 years, PaymentsEd has been educating payments professionals on industry trends and best practices. We want you to share your passion and expertise on topics such as: Payments Analytics Authorization Optimization Tokenization International Expansion ACH Internal vs external fraud tools Managing multiple processing relationships PaymentsEd Session Guidelines Must support the spirit and principles […]
IC3 and NCFTA – Top 2016 Fraud and Payment Trends
We explored top fraud and payments trends in 2016, as identified by the FBI’s Internet Crime Complaint Center (IC3) and the National Cyber-Forensics and Training Alliance (NCFTA). Key Learning Points: Latest trends for reshipping and consolidators Account checking tools & ATO Gift Card fraud Rewards and loyalty fraud EMV tactics used by fraudsters to continue […]
Small businesses are moving ahead with an EMV lawsuit
Small businesses are moving ahead with an EMV lawsuit A federal judge in California will allow an EMV-related antitrust and conspiracy lawsuit filed by two small retailers against the major US card networks to proceed into the discovery phase, according to a press release. More Info
New MasterCard 2-Series BIN Range Coming October 2016
New MasterCard 2-Series BIN Range Coming October 2016 The Program: MasterCard is adding new primary account bank identification number (BIN) range 222100-272099 this October to be processed with and in the same manner as the existing BIN range 510000-559999. The Change: The payments ecosystem must be ready to support the 2-series MasterCard BINs by Oct. […]
Credit Card Networks Must Face Merchants’ Chip-Reader Suit
Credit Card Networks Must Face Merchants’ Chip-Reader Suit Visa Inc., MasterCard Inc. and American Express Co. lost an early round of a lawsuit alleging they colluded to pin liability for fraudulent transactions on merchants who didn’t meet a chip-reading technology deadline. A federal judge in San Francisco allowed the antitrust suit to proceed, saying in […]
Appeals Court Rules In Favor Of Amex Over Merchant Rules
Appeals Court Rules In Favor Of Amex Over Merchant Rules American Express scored a victory on Monday (Sept. 26) after a federal appeals court paved the way for the credit card company to enforce rules that would prevent merchants that accept its cards from steering consumers to cards offered by competitors that have lower costs […]
Visa Data Security
Wednesday, 24 August 2016, at 10 a.m. PST Mobile purchases increased to nearly one in five online orders and generated about $69.1 billion during the most recent holiday season. As mobile payments grow, fraud risks increase. Knowing the differences between eCommerce and mCommerce fraud is a critical first step in protecting merchants. Visa and CyberSource […]
Visa, MasterCard $7.25 billion settlement with retailers is thrown out
Visa, MasterCard $7.25 billion settlement with retailers is thrown out. A federal appeals court on Thursday threw out a $7.25 billion antitrust settlement reached by Visa Inc (V.N) and MasterCard Inc (MA.N) with millions of retailers that accused the card networks of improperly fixing credit and debit card fees.The 2nd U.S. Circuit Court of Appeals […]
Raising Your Fraud & Payments Team’s Profile
The impact an effective fraud team can have on the overall health of an online business is often greatly underestimated. The fraud and payments teams have access to some of the most powerful and actionable data available to a merchant. That data can help drive marketing, sales, operations, product departments and provide finance with critical […]
Costco Card – American Express to Citi Transition
Merchants should be aware of the Costco credit card transitioning from American Express to Citi. Citi has begun issuing new Costco Visa cards, which will be enabled for use starting June 20th. Effective on this date the Costco AMEX card will no longer work at Costco or other merchants. DRF PaymentsEd card-on-file merchants should be […]