November 2008 | ePayments Blog

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ATM Skimmers Improved with SMS

Posted by John B. Frank Friday, November 28, 2008 0 comments

ATM skimmers: Now with SMS notification built right in - ZDnetThis will make it even easier to Swipe your Card Information! According to ZDNet, criminals can now upgrade (for only $8500) their ATM Skimmers with a SMS Notification built right into the unit. For those outside of the know, an ATM skimmer sits on credit/debit card machines and swipes information as unsuspecting civilians pass their cards through.Why risk getting arrested during the retrieval process? Now there's a better...

BLING is Local...for Now

Posted by John B. Frank 0 comments

There's a company out of Palo Alto, CA with offices in Argentina and Chile, who has been making a lot of news lately. American Banker, MarketWatch, Digital Transaction News and CNBC have all written about this company since November 18th. Yesterday, In an article written by Sarah Clark from "NRC World" she too talks about a company called Bling Nation, which provides a "local payments network." (Bling Local would seem to be a tad more proper, if that's what they were planning on limiting...

Microsoft Live Search Rebranding?

Posted by John B. Frank 0 comments

Microsoft To Rebrand Search. Will It Be Kumo? - TechCrunchAccording to a post on TechCrunch, Microsoft will relaunch Windows Live Search under a new brand sometime early next year and they ties that information to what they say is a source within the company. Here's the post: "What we don’t know is what that new brand will be, although a few names have been thrown around. According to our source, a “final” decision has been made, but very few people inside of Microsoft are aware of it, and it could...

SuiteLinq with Hyatt Regency Woodfield

Posted by John B. Frank 0 comments

The Hyatt Regency Woodfield, located in Schaumburg, Illinois, has selected SuiteLinq, Inc. to deploy its digital entertainment solution in all of the property's 470 rooms.SuiteLinq, a provider of broadband and on-demand solutions for hospitality and extended-stay environments, will be deploying its SuiteCast(TM) and SuiteVOD(TM) services, with the goal of creating a truly home-like experience in each guest room. The combined solution provides free TV channels and a variety of Video-On-Demand content,...

Happy Thanksgiving to All!

Posted by John B. Frank Thursday, November 27, 2008 0 comments

from Everyone at HomeA...

10:25am Black Friday = Busiest Online Shopping Minute

Posted by John B. Frank Wednesday, November 26, 2008 0 comments

NEW YORK, November 26 /PRNewswire/ -- Retail Decisions (ReD), a payment card issuer and world leader in payment card fraud prevention and payment processing, predicts a bustling Black Friday on November 28 with 10.00 am - 11.00 am being the busiest online shopping hour of the year, with the peak shopping moment at 10.25 am. December 1, Cyber Monday's busiest hour will be between 9.00 am - 10.00 am. This will be the second busiest online shopping hour of the year with a peak shopping moment...

Ramping Up Internet Promos - Bricks and Mortar

Posted by John B. Frank 0 comments

As they brace for the worst holiday shopping season in decades, major "bricks and mortar" merchants are ramping up their Internet promotions more than ever in hopes their websites will drive people to shop their brands."When times are desperate, this is the cheapest way to try to drive sales," said Sucharita Mulpuru, an e-commerce analyst at Forrester Research Inc. "It's the easiest message that you know is going to work, and certainly retailers are going to try it."In October, retail sales suffered...

Brazil E-Commerce Up 35%

Posted by John B. Frank Tuesday, November 25, 2008 0 comments

Brazil e-commerce to hit nearly USD 3.5 billion at the end of 2008, up 35% The Brazilian e-commerce market is expected to register a turnover of USD 3.48 billion (BRL 8.5 billion) at the end of December 2008, up 35 percent from the year-earlier period, when the e-commerce market reached USD 2.58 billion (BRL6.3 billion).The increase is attributable to the rapidly growing population of online buyers and to the convenience of shopping on the internet. Almost 39 percent of surveyed consumers plan to...

France: 70% Visit E-Commerce Website in Q3

Posted by John B. Frank 0 comments

In France, more than 70% of internet users have visited an e-commerce website in Q3 2008 - study In Q3 2008, 70.8 percent of French internet users, representing more than 22 million customers, visited one of the country's top 15 online shops every month in Q3 2008.eBay ranks highest in terms of unique visitors (12.36 million) for the period under review, followed by online retailer PriceMinister with 8.89 million visitors, voyages-sncf.com (a website for online reservations for train tickets) with...

S.Korea - 34% Online Growth

Posted by John B. Frank 0 comments

South Korean online transactions hit record numbers in Q3 2008: USD 110 billion, up 34% According to data released by the National Statistical Office, in the period ending September 2008, South Korean e-commerce registers a record of USD 110 billion (KRW 167 trillion) in turnover, growing by 34 percent year-on-year and by 6 percent over Q2 2008.This is the highest increase since data began to be gathered in 2001. The growth is attributable to a climb by 33 percent in business-to-business (B2B)...

80% Asia Pacific Shops Online Now

Posted by John B. Frank 0 comments

80% of Asia Pacific internet users make online purchases - studyWithin the past 12 months, almost 80 percent of internet users across Asia Pacific have made an online purchase and spent more than USD 3.000 on average for this purpose, a study indicates.Of these, almost 60 percent preferred to pay via Visa credit and debit cards. When asked about the advantages of making purchases on the internet, 88 percent of those involved in the study mentioned the ability to shop at any moment, 83 percent referred...

Visa Introduces 3V Internet Shopping Card in UK

Posted by John B. Frank 0 comments

UK'S First Internet Shopping Gift Card Makes Gift Giving EasyThe new 3V Visa Internet Shopping Gift Card means that present givers everywhere can get it right this Christmas. It's the first gift card in the UK that lets the lucky recipient shop on the internet and choose the present that they really want, because the 3V Visa Internet Shopping Gift Card lets you buy anything anywhere online that accepts Visa.And in these times of economic recession it gives everyone the opportunity to make the most...

Feds Insure Open, Closed Left Out of Loop

Posted by John B. Frank 0 comments

Fed insures open loop cards but leave closed loop aloneIn November 2008, the Federal Deposit Insurance Corp.'s board of directors approved its General Counsel's Opinion No. 8 requiring the funds held in FDIC-insured banks that secure open loop, stored value cards be secured up to $250,000. According to the FDIC ruling, "All funds underlying stored value products will be treated as deposits and subject to assessments."The opinion was proposed in August 2005. Following a comment period required by...

LML Files Patent Infringement Against 19

Posted by John B. Frank 0 comments

Patent firm files 19 infringement lawsuits Vancouver, B.C., Nov. 25, 2008 -- LML Patent Corp. (``LML''), a wholly-owned subsidiary of LML Payment Systems Inc. (the ``Corporation'') filed suit in the U.S. District Court for the Eastern District of Texas against all the payment companies who provide equipment, systems and services that convert paper checks into electronic transactions, including:JP Morgan ChaseWells Fargo CompanyWachovia Corp Citigroup, Inc. Bank of New York...

PayNet Available in Vietnam

Posted by John B. Frank 0 comments

Vietnamese customers can now pay online via local PayPal version: PayNet An online payment portal called PayNet has been made available to customers across Vietnam.In Vietnam, there are over 60 million mobile subscribers, 15 million bank accounts and more than 20 million people using the internet. Based on technology provided by electronic payment systems company OpenWay’s Way4, the service allows online shoppers to make transactions without the need for bank accounts or Visa and MasterCard-branded...

Text Scams Coming

Posted by John B. Frank 0 comments

Text scam tries to fool bank customersNov 25, 2008 (Kerrville Daily Times - McClatchy-Tribune Information Services via COMTEX) --Don't give out personal information to an unknown source. That's the message from Bank of the Hills Regional CEO Harold Wilson after area cell phones owners were inundated with text messages stating that Bank of the Hills debit cards had been deactivated.According to Wilson, the text messages were sent out beginning Friday to Verizon and Sprint customers, and blanketed...

SafePass from Bank of America

Posted by John B. Frank 0 comments

Bank of America Introduces SafePassYesterday, in a Finextra article, it was announced that PayPal has introduced it's 6 digit SMS program. Now Bank of America has announced the release of the SafePass(R) Card - a "new wallet-sized card essentially builds on SafePass, a one-time-use, six-digit code sent as a text message to consumers' mobile devices to authorize and help safeguard sensitive transactions." "The introduction of the SafePass Card extends this additional layer of security to...

Retail E-Commerce Growth Dropping

Posted by John B. Frank Monday, November 24, 2008 0 comments

Retail E-Commerce Growth Drops Sharply - eMarketerRetail E-Commerce Growth Drops SharplyNOVEMBER 24, 2008Online sales are still growing, but far more slowly.2008 had already been shaping up to be the weakest holiday season yet for retail e-commerce. Based on just-released Q3 e-commerce data from the US Department of Commerce (DOC), eMarketer is predicting even more anemic growth—both for the holiday and the year.The DOC estimated that e-commerce sales grew only 4.6% in Q3 2008, compared with Q3...

Bank of Terrorism

Posted by John B. Frank 0 comments

Terrorists are increasingly turning to credit cards, according to an expert on terrorist financing... Credit cards serve two key terrorist functions, providing both operational funding and as a means of distributing money to group members. “Credit card exploitation and fraud has become a growth industry for terrorists,” writes IPSA International’s Dennis Lormel in a white paper entitled, “Terrorism and Credit Card Information Theft - Connecting the DotsLormel is a managing director with investigative...

PayPal Introduces Text Authentication

Posted by John B. Frank 0 comments

Finextra: PayPal introduces SMS-based authenticationPayPal introduces SMS-based authenticationPerson-to-person online payments outfit PayPal has introduced an optional SMS text message-based two factor authentication system for customers logging into their accounts.The PayPal SMS Security Key sends a six-digit code to users' mobile phones before they log in to their accounts. The customer then uses the code, along with their username and password, to sign in.The system uses the same infrastructure...

Debit Card Use Rises 547% in South Africa

Posted by John B. Frank 0 comments

Credit card fraud cost South Africa R420-million in the past year and has increased by 146 percent, the South African Banking Risk Information Centre (Sabric) said on Monday."It is a frightening picture, it really is," said Sabric chief executive Kalyani Pillay."Fraud on RSA issued credit cards has increased by 146 percent between 2005/2006 and 2007/2008. This increase should be understood in the context of a huge rollout of cards by South African banks into the market."It was estimated in 2006...

Wireless Identity Theft - More on Hackers 11

Posted by John B. Frank 0 comments

In an article published on IBLS (Internet Business Law Services) the author talks about wireless hacking (See WarDriving 101), Hackers 11 and possible changes in laws relating to cybercriminal behavior...Identity Theft from Wireless Networks : Internet Business LawIBLS Editorial Department Staff AttorneyMonday, November 24, 2008Identity theft is the unauthorized use of an individual's personal information, such as a social security number or bank accounts, for fraudulent purposes or to commit...

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