What will happen to Greek e-commerce?; 5 mistakes that lead to chargeback fraud; Longer lines, confusion to accompany EMV credit cards; Bitcoin ransomware a problem for cryptocurrency; Is a 3D secure merchant account worth it? Yes it is.
Vision and trends in mobile and paymentsColin Weir
Digital technologies are disrupting traditional analogue systems like cash payments, receipts, and dial-up point-of-sale terminals, presenting opportunities for innovation. Cryptocurrencies like Bitcoin are also gaining traction as alternatives to traditional currencies due to distrust in banks following financial crises. As mobile video and crowdsourcing increase, they will allow more journalists to create and distribute content. Gamification and loyalty programs embedded in mobile applications and services can improve customer engagement and retention. The unbanked population of 2.8 billion people globally seeking digital payment and financing options represents a significant opportunity.
EMV is a global standard used between chip cards and chip-reading payment devices for over 20 years. It eliminates duplicate card fraud by preventing the reuse of copied magnetic stripe data. Countries that have implemented EMV have seen dramatic decreases in card-present fraud. The U.S. started supporting EMV in 2015, which shifted liability for counterfeit card fraud to merchants if they did not have EMV-enabled point-of-sale terminals.
This document summarizes the current state of credit card security in the United States and discusses improvements that are being implemented. It notes that the current magnetic stripe system is outdated and prone to security breaches. A major breach at Target in 2013 compromised up to 40 million cards. Mobile payment systems like Apple Pay and Google Wallet that do not transmit actual credit card numbers are highlighted as more secure alternatives. The document also explains that new credit cards will be required to have chips by October 2015, but that the US is still relying on signatures rather than personal identification numbers, limiting the security benefits.
Merchants are beginning to fight back, primarily through Chargeback Companies and lawsuits against the Cardholders, Issuing banks and even the Visa and MasterCard branded networks. One such lawsuit claims that “major credit card companies and the nation’s largest banks conspired to shift liability for fraudulent credit card transactions in the U.S. to merchants. The complaint claims that the move to cards that include electronic chips designed to be more secure—so-called EMV chips—has been plagued by technical glitches and used as cover to illegally shift fraud-protection costs.”
Today you will learn...
1 Why you should pursue the lucrative staycation market
2 To tap into staycations all year around
3 How to win the staycation conversion
4 To focus on top staycation destinations
- BitPay is a global leader in bitcoin payments founded in 2011, with 38 employees worldwide and $32.7 million in capital raised.
- It processes over 10% of total 2015 bitcoin transaction volume and transactions average 25x the value of consumer payments.
- BitPay provides bitcoin payment processing and wallet services for companies and applications, and has experienced rapid growth, with monthly transactions up 700% between January 2015-December 2015.
Vision and trends in mobile and paymentsColin Weir
Digital technologies are disrupting traditional analogue systems like cash payments, receipts, and dial-up point-of-sale terminals, presenting opportunities for innovation. Cryptocurrencies like Bitcoin are also gaining traction as alternatives to traditional currencies due to distrust in banks following financial crises. As mobile video and crowdsourcing increase, they will allow more journalists to create and distribute content. Gamification and loyalty programs embedded in mobile applications and services can improve customer engagement and retention. The unbanked population of 2.8 billion people globally seeking digital payment and financing options represents a significant opportunity.
EMV is a global standard used between chip cards and chip-reading payment devices for over 20 years. It eliminates duplicate card fraud by preventing the reuse of copied magnetic stripe data. Countries that have implemented EMV have seen dramatic decreases in card-present fraud. The U.S. started supporting EMV in 2015, which shifted liability for counterfeit card fraud to merchants if they did not have EMV-enabled point-of-sale terminals.
This document summarizes the current state of credit card security in the United States and discusses improvements that are being implemented. It notes that the current magnetic stripe system is outdated and prone to security breaches. A major breach at Target in 2013 compromised up to 40 million cards. Mobile payment systems like Apple Pay and Google Wallet that do not transmit actual credit card numbers are highlighted as more secure alternatives. The document also explains that new credit cards will be required to have chips by October 2015, but that the US is still relying on signatures rather than personal identification numbers, limiting the security benefits.
Merchants are beginning to fight back, primarily through Chargeback Companies and lawsuits against the Cardholders, Issuing banks and even the Visa and MasterCard branded networks. One such lawsuit claims that “major credit card companies and the nation’s largest banks conspired to shift liability for fraudulent credit card transactions in the U.S. to merchants. The complaint claims that the move to cards that include electronic chips designed to be more secure—so-called EMV chips—has been plagued by technical glitches and used as cover to illegally shift fraud-protection costs.”
Today you will learn...
1 Why you should pursue the lucrative staycation market
2 To tap into staycations all year around
3 How to win the staycation conversion
4 To focus on top staycation destinations
- BitPay is a global leader in bitcoin payments founded in 2011, with 38 employees worldwide and $32.7 million in capital raised.
- It processes over 10% of total 2015 bitcoin transaction volume and transactions average 25x the value of consumer payments.
- BitPay provides bitcoin payment processing and wallet services for companies and applications, and has experienced rapid growth, with monthly transactions up 700% between January 2015-December 2015.
How we will be paying in 2020 - SPA Technical Director, Lorenzo Gaston at EPC...Smart Payment Association
Retail Payments Vision 2015 – And SPA perspective
The retail payment ecosystem is changing. Over recent years we’ve seen the democratizing effect of technology create an ever-broader payments landscape.
Contactless, NFC payment, m-wallets, cross border and person-to-person transactions, and the emergence of virtual currencies are all contributing to growth.
It’s a market too that is being shaped by the demands of a new generation of retail customers: one in which simplicity, speed and convenience are king.
At the same time, we’ve seen the traditional banking and settlement value chain come under pressure from big brand entrants – from mobile operators, Google, Apple and others. These new entrants are changing the dynamics of the industry as new commercial partnerships and models develop to offer an ever-widening range of convenient payment options to consumers and businesses.
This rate of change raises some interesting questions: how to secure ‘card/person not present’ transactions; how to protect customer data; and how to guard against a new breed of cyber criminal looking to capitalize on vulnerabilities. Moreover, the appearance of non-traditional players - who may lack the structural understanding, or the technical or financial means to create a fully secure end-to-end environment – could pose serious challenges for banks, regulators, standards bodies and merchants alike.
So what will the future bring? While attempting predications in this heterogeneous retail payments landscape can be an uncertain and somewhat random exercise, the SPA considers the following “12 key trends to watch” to be significant in the coming years.
The document is a manifesto for "The Bubble Generation" which argues that blockchain/crypto entrepreneurs are the new "rock stars" building a new economy. It claims the previous generation failed and that regulations need to adapt to the new decentralized economy, which will create jobs and benefits despite critics calling it a bubble. It invites supporters and opponents to dialogue to move the industry from the "gray zone" to being openly understood and accepted.
A year after the launch of chip payment, businesses and consumers are still working to get a handle on the technology, while card processors say they’ve seen improvement.
Digital wallets allow users to make financial transactions through mobile devices. They can be used to transfer money, make payments, and pay for purchases instead of using cash. Different digital wallets have varying features depending on the providing company, such as financial institutions, telecommunications businesses, or alliances between companies. Popular digital wallets include Google Wallet, TuBilleteraDigital, Momo Pocket, and tPago. They enable services like mobile payments, money transfers, shopping, and storing credit card or loyalty card information.
AUSUM Ventures is creating an all-inclusive point-of-sale (POS) system that addresses issues with traditional credit/debit cards and offers alternatives. It highlights problems like insecurity and high fees with plastic cards and argues Bitcoin provides a secure, cheap alternative without fees or exposing financial information. The AUSUM POS system supports new EMV credit/debit card standards, contactless payments via NFC/NFS, and digital currencies to give merchants a future-proof solution.
Payments have become critical to the customer experience as e-commerce and mobile transactions grow substantially. Merchants face 3 key challenges: 1) satisfying diverse customer payment preferences and local requirements, 2) providing seamless and secure checkout across channels while meeting security standards, and 3) managing the increasing complexity and costs of integrating various legacy and new payment systems globally. Addressing these challenges is important to avoid losing sales and customers to competitors due to issues with the payment process.
Most promising current and future payment technologies | SG AnalyticsSG Analytics
The decades-long debate over the evolution of payment technology continues in the age of mobile wallets, EMV, blockchain, etc.
The evolutionary disruptive technologies in the payment landscape are poised to redefine businesses with increased automation and connectivity.
In this presentation, SG Analytics highlights the evolution of the 9 most important payment technologies that will transform the world’s financial ecosystem!
Is cryptocurrency the solution to hyperinflation?BitBayMarket
The invention of cryptocurrency has added a whole new dimension to the digitization of the global economy. It offers an alternative to conventional forms of central bank money, or ‘fiat’ currency. It also offers new approaches to setting monetary policy, free from political interference and the damaging consequences of hyperinflation.
Cryptocurrency has drastically emerged in the recent years, where many are still not sure about bitcoin, how it works, and what is its value. Loyalbit presents you with the basics to learn more about the digital currency and how you can use it.
Read more about bitcoin trading, cold storage and digital mining on https://www.loyalbit.com/news
Transformation of the Electronic Payments Industry - Strategies for Growthfrancisfoo
This presentation provides a glimpse into the evolution of the digital payment industry and a discussion of both short-term and long-term strategies that players in this space could potentially adopt to stay ahead of the competition.
I've diverse interests across wide-ranging topics and industries and I thoroughly enjoy analyzing information and devising strategies to help companies better position themselves for the challenges ahead.
If you require more information and data, feel free to reach out to me at francisfoo@wustl.edu or connect with me on LinkedIn www.linkedin.com/in/francisfoo/.
Thank you for your interest! Hope you find the information useful.
1) Merchants and credit unions have been slow to fully adopt EMV chip cards due to costs of upgrading systems and potential issues with longer transaction times.
2) However, the liability shift for fraudulent transactions moved to any non-EMV compliant merchants after the October 2015 deadline. During the busy holiday season, some merchants realized the risks of this and are now more motivated to upgrade.
3) As we move into 2016, credit unions and merchants will focus more on fully implementing EMV with a renewed emphasis on security, though adoption challenges around costs, technology, and consumer acceptance remain.
Cryptocurrency exchanges are increasingly integrating themselves into the financial market, and some say they could completely take it over. While other professionals disagree, it’s certain that blockchain is disrupting the market. Zahreddine Touag, Head of Trading at Woorton, led a panel with 4 industry experts to discuss how exchanges are democratizing digital assets and what this means regarding regulations, collaborations, and innovation in the space.
The panel consisted of the following professionals:
Wei Zhou, CFO of Binance
Rahul Khanna, Former CEO, Europe at Bithumb
Yoni Assia, CEO and Founder of eToro
Edward Woodford, CEO of SeedCX
The discussion led to some interesting predictions about how exchanges are going to transform the financial ecosystem. Below are some key excerpts from the panel:
The problems with regulations in the exchange space
Solutions to prevent wash trading
How can exchanges improve the industry’s reputation?
How are cryptocurrencies going to become normalized?
How can exchanges collaborate with banks, and what are the benefits?
Is blockchain eventually going to “kill” banks?
This document discusses six common myths that are preventing the migration to EMV chip cards in the US. It analyzes each myth, separating fact from fiction. The key facts are that US card fraud costs $6.8 billion annually and would be significantly reduced by adopting EMV, offsetting the $8.6 billion cost of migration. Migration is inevitable as pressure grows from global trends and threats of liability shifts driving other countries to EMV.
EMV chip technology provides greater security than magnetic stripes and has significantly reduced card fraud worldwide. It creates a unique code for each transaction, making it harder for thieves to clone cards. As more merchants upgrade terminals to accept EMV chips, liability for fraudulent transactions shifts from card issuers to merchants if they do not accept chip cards. This encourages US merchants to upgrade and help reduce the country's high rate of counterfeit card fraud, which accounts for 47% of the global total.
EMV in the U.S.: Putting It into Perspective for Merchants and Financial Inst...- Mark - Fullbright
All product and company names mentioned herein are for identification and educational purposes only and are the property of, and may be trademarks of, their respective owners.
Instabill blog posts from the week of July 13-17: Instabill partnership opens doors for JCB Cards; Internet merchant accounts: The 2 most common chargeback reasons; Good news for Bitcoin: Digital Currency is here to stay; Tokenization could end credit card fraud forever.
Get Ready for EMV and Card Not Present FraudTransUnion
To view this webinar and others like it, visit iovation at: https://www.iovation.com/resources/webinars/get-ready-for-emv-and-card-not-present-fraud
Synopsis:
By October 2015, merchants in the United States will be subject to Europay, Mastercard, and Visa (EMV) standards. Liability for fraudulent purchases shifts to merchants at that time. This change will push many merchants to adopt the new standards to avoid risk. Although EMV is a good fraud tool for face-to-face transactions, it doesn't stop all fraud. In fact, after EMV implementation in other countries, a spike in card-not-present fraud always follows. Is your fraud prevention ready for that spike?
In this webinar you’ll learn:
How liability changes with EMV
What changes at the issuer, merchant and processor levels with EMV
Why card-not-present fraud is connected to EMV
How a device-based fraud solution stops card-not-present fraud in real-time
How shared global, cross-industry fraud intelligence can be leveraged to reduce risk
How we will be paying in 2020 - SPA Technical Director, Lorenzo Gaston at EPC...Smart Payment Association
Retail Payments Vision 2015 – And SPA perspective
The retail payment ecosystem is changing. Over recent years we’ve seen the democratizing effect of technology create an ever-broader payments landscape.
Contactless, NFC payment, m-wallets, cross border and person-to-person transactions, and the emergence of virtual currencies are all contributing to growth.
It’s a market too that is being shaped by the demands of a new generation of retail customers: one in which simplicity, speed and convenience are king.
At the same time, we’ve seen the traditional banking and settlement value chain come under pressure from big brand entrants – from mobile operators, Google, Apple and others. These new entrants are changing the dynamics of the industry as new commercial partnerships and models develop to offer an ever-widening range of convenient payment options to consumers and businesses.
This rate of change raises some interesting questions: how to secure ‘card/person not present’ transactions; how to protect customer data; and how to guard against a new breed of cyber criminal looking to capitalize on vulnerabilities. Moreover, the appearance of non-traditional players - who may lack the structural understanding, or the technical or financial means to create a fully secure end-to-end environment – could pose serious challenges for banks, regulators, standards bodies and merchants alike.
So what will the future bring? While attempting predications in this heterogeneous retail payments landscape can be an uncertain and somewhat random exercise, the SPA considers the following “12 key trends to watch” to be significant in the coming years.
The document is a manifesto for "The Bubble Generation" which argues that blockchain/crypto entrepreneurs are the new "rock stars" building a new economy. It claims the previous generation failed and that regulations need to adapt to the new decentralized economy, which will create jobs and benefits despite critics calling it a bubble. It invites supporters and opponents to dialogue to move the industry from the "gray zone" to being openly understood and accepted.
A year after the launch of chip payment, businesses and consumers are still working to get a handle on the technology, while card processors say they’ve seen improvement.
Digital wallets allow users to make financial transactions through mobile devices. They can be used to transfer money, make payments, and pay for purchases instead of using cash. Different digital wallets have varying features depending on the providing company, such as financial institutions, telecommunications businesses, or alliances between companies. Popular digital wallets include Google Wallet, TuBilleteraDigital, Momo Pocket, and tPago. They enable services like mobile payments, money transfers, shopping, and storing credit card or loyalty card information.
AUSUM Ventures is creating an all-inclusive point-of-sale (POS) system that addresses issues with traditional credit/debit cards and offers alternatives. It highlights problems like insecurity and high fees with plastic cards and argues Bitcoin provides a secure, cheap alternative without fees or exposing financial information. The AUSUM POS system supports new EMV credit/debit card standards, contactless payments via NFC/NFS, and digital currencies to give merchants a future-proof solution.
Payments have become critical to the customer experience as e-commerce and mobile transactions grow substantially. Merchants face 3 key challenges: 1) satisfying diverse customer payment preferences and local requirements, 2) providing seamless and secure checkout across channels while meeting security standards, and 3) managing the increasing complexity and costs of integrating various legacy and new payment systems globally. Addressing these challenges is important to avoid losing sales and customers to competitors due to issues with the payment process.
Most promising current and future payment technologies | SG AnalyticsSG Analytics
The decades-long debate over the evolution of payment technology continues in the age of mobile wallets, EMV, blockchain, etc.
The evolutionary disruptive technologies in the payment landscape are poised to redefine businesses with increased automation and connectivity.
In this presentation, SG Analytics highlights the evolution of the 9 most important payment technologies that will transform the world’s financial ecosystem!
Is cryptocurrency the solution to hyperinflation?BitBayMarket
The invention of cryptocurrency has added a whole new dimension to the digitization of the global economy. It offers an alternative to conventional forms of central bank money, or ‘fiat’ currency. It also offers new approaches to setting monetary policy, free from political interference and the damaging consequences of hyperinflation.
Cryptocurrency has drastically emerged in the recent years, where many are still not sure about bitcoin, how it works, and what is its value. Loyalbit presents you with the basics to learn more about the digital currency and how you can use it.
Read more about bitcoin trading, cold storage and digital mining on https://www.loyalbit.com/news
Transformation of the Electronic Payments Industry - Strategies for Growthfrancisfoo
This presentation provides a glimpse into the evolution of the digital payment industry and a discussion of both short-term and long-term strategies that players in this space could potentially adopt to stay ahead of the competition.
I've diverse interests across wide-ranging topics and industries and I thoroughly enjoy analyzing information and devising strategies to help companies better position themselves for the challenges ahead.
If you require more information and data, feel free to reach out to me at francisfoo@wustl.edu or connect with me on LinkedIn www.linkedin.com/in/francisfoo/.
Thank you for your interest! Hope you find the information useful.
1) Merchants and credit unions have been slow to fully adopt EMV chip cards due to costs of upgrading systems and potential issues with longer transaction times.
2) However, the liability shift for fraudulent transactions moved to any non-EMV compliant merchants after the October 2015 deadline. During the busy holiday season, some merchants realized the risks of this and are now more motivated to upgrade.
3) As we move into 2016, credit unions and merchants will focus more on fully implementing EMV with a renewed emphasis on security, though adoption challenges around costs, technology, and consumer acceptance remain.
Cryptocurrency exchanges are increasingly integrating themselves into the financial market, and some say they could completely take it over. While other professionals disagree, it’s certain that blockchain is disrupting the market. Zahreddine Touag, Head of Trading at Woorton, led a panel with 4 industry experts to discuss how exchanges are democratizing digital assets and what this means regarding regulations, collaborations, and innovation in the space.
The panel consisted of the following professionals:
Wei Zhou, CFO of Binance
Rahul Khanna, Former CEO, Europe at Bithumb
Yoni Assia, CEO and Founder of eToro
Edward Woodford, CEO of SeedCX
The discussion led to some interesting predictions about how exchanges are going to transform the financial ecosystem. Below are some key excerpts from the panel:
The problems with regulations in the exchange space
Solutions to prevent wash trading
How can exchanges improve the industry’s reputation?
How are cryptocurrencies going to become normalized?
How can exchanges collaborate with banks, and what are the benefits?
Is blockchain eventually going to “kill” banks?
This document discusses six common myths that are preventing the migration to EMV chip cards in the US. It analyzes each myth, separating fact from fiction. The key facts are that US card fraud costs $6.8 billion annually and would be significantly reduced by adopting EMV, offsetting the $8.6 billion cost of migration. Migration is inevitable as pressure grows from global trends and threats of liability shifts driving other countries to EMV.
EMV chip technology provides greater security than magnetic stripes and has significantly reduced card fraud worldwide. It creates a unique code for each transaction, making it harder for thieves to clone cards. As more merchants upgrade terminals to accept EMV chips, liability for fraudulent transactions shifts from card issuers to merchants if they do not accept chip cards. This encourages US merchants to upgrade and help reduce the country's high rate of counterfeit card fraud, which accounts for 47% of the global total.
EMV in the U.S.: Putting It into Perspective for Merchants and Financial Inst...- Mark - Fullbright
All product and company names mentioned herein are for identification and educational purposes only and are the property of, and may be trademarks of, their respective owners.
Instabill blog posts from the week of July 13-17: Instabill partnership opens doors for JCB Cards; Internet merchant accounts: The 2 most common chargeback reasons; Good news for Bitcoin: Digital Currency is here to stay; Tokenization could end credit card fraud forever.
Get Ready for EMV and Card Not Present FraudTransUnion
To view this webinar and others like it, visit iovation at: https://www.iovation.com/resources/webinars/get-ready-for-emv-and-card-not-present-fraud
Synopsis:
By October 2015, merchants in the United States will be subject to Europay, Mastercard, and Visa (EMV) standards. Liability for fraudulent purchases shifts to merchants at that time. This change will push many merchants to adopt the new standards to avoid risk. Although EMV is a good fraud tool for face-to-face transactions, it doesn't stop all fraud. In fact, after EMV implementation in other countries, a spike in card-not-present fraud always follows. Is your fraud prevention ready for that spike?
In this webinar you’ll learn:
How liability changes with EMV
What changes at the issuer, merchant and processor levels with EMV
Why card-not-present fraud is connected to EMV
How a device-based fraud solution stops card-not-present fraud in real-time
How shared global, cross-industry fraud intelligence can be leveraged to reduce risk
The document discusses the benefits of merchants migrating to EMV chip technology for credit and debit card transactions. It notes that by October 2015, liability for counterfeit fraud will shift to the party that is not EMV compliant, likely resulting in increased costs for merchants who have not migrated. The document outlines the business case for merchants to migrate to EMV chips, including reducing customer churn by meeting rising customer expectations, decreasing card decline rates, and avoiding increased liability for fraud that may occur if merchants have not migrated by the liability shift date. It also notes additional benefits like being able to accept new payment methods like contactless and mobile payments that use EMV as the underlying standard.
EMV chip cards provide more secure credit card transactions than magnetic stripe cards. The small chip embedded in EMV cards generates a unique code for each transaction, making stolen data unusable for additional purchases. By late 2015, most newly issued credit cards in the US will be EMV chip cards, though they will still have magnetic stripes for compatibility. Businesses will need to upgrade their payment terminals to read chip cards to avoid liability for fraud losses if chips are swiped instead of used as chips after October 2015.
This document discusses the transition from magnetic stripe credit cards to EMV chip cards in the United States. It provides background on EMV technology and why the US was late to adopt chip cards. The document outlines that counterfeit credit card fraud in the US accounted for over half of all global fraud, driving the transition to EMV. While the US is implementing "chip and signature" instead of "chip and pin" like other countries, the fraud liability shift in 2015 will incentivize merchants to upgrade their card readers to support EMV chip cards. The document warns consumers may see growth in online "card not present" fraud and provides tips to help protect from threats like keyloggers and malware.
1) While Bitcoin and other cryptocurrencies still face challenges around regulation and perception, their use for payments is growing as more major brands accept them.
2) A company called BitPay processes payments for over 52,000 merchants accepting Bitcoin, showing its increasing commercial viability despite still making up a small portion of overall transactions.
3) For cryptocurrencies to truly threaten traditional currencies, their regulation, stability, and consumer adoption would need to significantly increase.
In this recorded webinar, we shed some light on the myths vs. the truths about EMV. Our payment experts address common misconceptions and provide answers to questions, such as:
- What is EMV?
- How does EMV security work?
- What does it take to become EMV-ready?
- Does EMV ensure PCI compliance?
- When is the migration deadline?
- What happens after the migration deadline?
View the full webinar - at http://info.ingenico.us/emv-myths-recorded-webinar
Regional Account Manager for IMD is responsible for obtaining the lowest possible merchant fees for businesses by processing high volumes of transactions as a Tier 1 processor. They are also responsible for ensuring businesses are EMV/PCI DSS compliant by providing credit card terminals at affordable prices that are often covered by savings on fees. IMD can provide lower merchant fees by eliminating middlemen as a Tier 1 processor, increasing business profits. IMD will pay $250 if they cannot beat a business's current processing rates.
EMV Liability Shift: Why Financial Institutions Should Get Their ATMs in Line...NAFCU Services Corporation
For years the United States payments industry has resisted moves to switch from payment and ATM
cards that rely on the magnetic stripe (mag stripe) containing a card’s account information to “smart
cards” embedded with more secure microprocessor chips, which other countries began using in the
1980s. In the U.S., a strong telecommunications system has enabled credit and debit card issuers to
authorize virtually all transactions electronically. For more info: www.nafcu.org/vantiv
This document answers common questions about EMV (Europay, Mastercard, Visa) chip card technology. It explains that EMV uses computer chips in cards to generate unique codes for each transaction, making the cards more secure than magnetic stripe cards. It also notes that over half of US merchants have adopted EMV-enabled payment terminals since a 2015 fraud liability shift. The document clarifies that while some EMV cards are contactless, EMV technology itself does not require contactless capability. It outlines that liability for fraudulent transactions falls on the party that is least compliant with EMV standards, whether that is the card issuer or merchant. Merchants can work with their credit card processors to implement an EMV solution.
The document outlines the topics to be covered in a course on e-commerce, including the historic and economic background of e-commerce, business strategies, technical mechanisms, legal issues, and future opportunities in finance. It provides an overview of the evolution of electronic transactions from antiquity to the modern era, covering the development of credit cards, public key infrastructure, and issues around online identity and authentication. Resources for further reading are also listed.
Fraud Prevention in International CommerceSecure Trading
SecureTrading's Head of Sales & Marketing, Tim Allitt's presentation to the BT Fresca client conference on 25th May 2011. Tim presented to over 75 retailers about the benefits of 3-D Secure, International Payment methods and current counter-fraud measures.
Meet the PITS: The Heart of Southeast Asia E-Commerce; Airline Friendly Fraud Just Got Tougher; More EMV Transition Resources Open Ahead of Deadline; Mobile Shoppers Spend the Most; Kudos to This Retailer for Payment Security.
Instabill News Items for the Week of June 8-12Instabill
Instabill blogposts for the week of June 8-12: The 5 Things Needed for Online Pharmacy Approvals; Prevent Chargebacks and Friendly Fraud; What is Going On With Debt Collection? New Bitcoin Regulations Finalized in New York.
Instabill's blogs and news items for the week of August 10-14: Banks Having Trouble With EMV Transition Too; Instabill Merchant Accounts record Has Fallen; Instabill Partner Program On Display at ERA D2C, WSAA, Money 2020; 51% of Merchants Unaware of EMV Liability Shift.
Instabill has announced a new ACH payment solution for licensed payday lenders in the US through a new banking partnership. The Consumer Financial Protection Bureau continues cracking down on aggressive loan servicing and debt collection businesses it considers predatory. Despite health concerns and inconclusive research, the e-cigarette industry is thriving and e-cigarette merchant accounts remain in high demand.
The Instabill Corporation blogposts for the week of May 4-8, 2015: Instabill featured in Business NH Magazine; a new China E-Commerce option through Instabill; Merchants having trouble maintaining PCI Compliance; Mobile Payments: Rising in popularity; Chargeback Prevention: 5 Red Flags.
Instabill Corporation blogs and news items for the week of Apr. 27-May 1: Global Acquiring Conference, Merchant Account Underwriting, E-Commerce Industries, CNP Expo 2015, Fantasy Sports in Europe.
Instabill representatives attended Transact 15 Conference and Trade Show Mar. 31-Apr. 2 at the Moscone Center in San Francisco. Instabill was represented by CEO Jason Field, Administrative Assistant Sally Punch and Senior Copywriter Chris O'Donnell.
The document summarizes Instabill's participation in the 2014 Crypto Valley Summit held in the Isle of Man. Instabill CEO Jason Field spoke on banking and card processing for bitcoin businesses and announced new banking solutions for cryptocurrency merchants, which was met with optimism. The summit was attended by around 200 cryptocurrency enthusiasts and included panels on digital currencies and gaming, raising bitcoin finance and crowdfunding, and the case for cryptocurrency regulation.
Instabill's office underwent a renovation to accommodate more employees and switch to an open concept floor plan. Managers were seen breaking down walls to transform the space, despite demolition not being in their typical job responsibilities. While not as dramatic as Reagan's appeal to tear down the Berlin Wall, the renovation inspired Instabill's staff. Photos documented the progression from the old layout and cubicles being installed to networking the new workstations and the final product of additional space for five new merchant account managers.
Four slides of Instabill's Partner Relationship Managers Nyah Penney and MaryAnn Waring at the 2014 Southeast Acquirers Association Conference in Atlanta.
Instabill provides super secure payment processing. Learn about how you can protect yourself from hackers by using KeepassX and better password security.
Team instabills top 10 things to look for in a travel merchant accountInstabill
A travel merchant should look for the following when considering a third-party merchant account provider: an account that accepts online credit card payments worldwide in multiple currencies with real-time processing and no high-volume restrictions, includes secure payment gateways and fraud protection tools, and provides 24/7 support and a shopping cart for their website. Additionally, the provider should understand the travel industry and offer risk management techniques and fraud protection as part of their cost-effective solutions.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...ABHILASH DUTTA
This presentation provides a thorough examination of Over-the-Top (OTT) platforms, focusing on their development and substantial influence on the entertainment industry, with a particular emphasis on the Indian market.We begin with an introduction to OTT platforms, defining them as streaming services that deliver content directly over the internet, bypassing traditional broadcast channels. These platforms offer a variety of content, including movies, TV shows, and original productions, allowing users to access content on-demand across multiple devices.The historical context covers the early days of streaming, starting with Netflix's inception in 1997 as a DVD rental service and its transition to streaming in 2007. The presentation also highlights India's television journey, from the launch of Doordarshan in 1959 to the introduction of Direct-to-Home (DTH) satellite television in 2000, which expanded viewing choices and set the stage for the rise of OTT platforms like Big Flix, Ditto TV, Sony LIV, Hotstar, and Netflix. The business models of OTT platforms are explored in detail. Subscription Video on Demand (SVOD) models, exemplified by Netflix and Amazon Prime Video, offer unlimited content access for a monthly fee. Transactional Video on Demand (TVOD) models, like iTunes and Sky Box Office, allow users to pay for individual pieces of content. Advertising-Based Video on Demand (AVOD) models, such as YouTube and Facebook Watch, provide free content supported by advertisements. Hybrid models combine elements of SVOD and AVOD, offering flexibility to cater to diverse audience preferences.
Content acquisition strategies are also discussed, highlighting the dual approach of purchasing broadcasting rights for existing films and TV shows and investing in original content production. This section underscores the importance of a robust content library in attracting and retaining subscribers.The presentation addresses the challenges faced by OTT platforms, including the unpredictability of content acquisition and audience preferences. It emphasizes the difficulty of balancing content investment with returns in a competitive market, the high costs associated with marketing, and the need for continuous innovation and adaptation to stay relevant.
The impact of OTT platforms on the Bollywood film industry is significant. The competition for viewers has led to a decrease in cinema ticket sales, affecting the revenue of Bollywood films that traditionally rely on theatrical releases. Additionally, OTT platforms now pay less for film rights due to the uncertain success of films in cinemas.
Looking ahead, the future of OTT in India appears promising. The market is expected to grow by 20% annually, reaching a value of ₹1200 billion by the end of the decade. The increasing availability of affordable smartphones and internet access will drive this growth, making OTT platforms a primary source of entertainment for many viewers.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
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Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
How MJ Global Leads the Packaging Industry.pdfMJ Global
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IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
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The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
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Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
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Recruiting in the Digital Age: A Social Media MasterclassLuanWise
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Structural Design Process: Step-by-Step Guide for Buildings
Blogs 7 6-10-15
1. What Will
Happen to
Greek
E-
Commerce?
For the last eight years,
Greek e-commerce has
grown as steady as any
country in the world. How
the country’s debt crisis
impacts it remains to be
seen.
ECS-World.com/blog
2. 5 Mistakes
That Lead to
Chargeback
Fraud
Chargeback fraud is a
threat to many e-commerce
merchants in the 21st
century, and can actually
cost some businesses their
online processing
capabilities.
www.instabill.org/about-instabill/chargeback-
news
3. Longer Lines,
Confusion to
Accompany
EMV Credit
Cards
There is going to be a slight
learning curve as US
consumers adapt to EMV
credit cards. It is going to
result in longer wait times at
the point-of-sale.
Instabill.us/news
5. Is a 3D Secure
Merchant
Account Worth
It? Yes it Is.
Card-not-present
transactions will rise over
the next few years as EMV
credit cards are rolled out to
US consumers. E-
commerce merchants need
to be 3D Secure.
Instabill.info/news-about-instabill
6. Is a 3D Secure
Merchant
Account Worth
It? Yes it Is.
Card-not-present
transactions will rise over
the next few years as EMV
credit cards are rolled out to
US consumers. E-
commerce merchants need
to be 3D Secure.
Instabill.info/news-about-instabill