Page 22 - GS150702
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IndustryUpdate
RESEARCH PARTNERSHIPS
ControlScan releases online fraud white paper 2Checkout forms alliance with Bigcommerce
Security, compliance and risk management company 2Checkout.com Inc. partnered with Bigcommerce Pty.
ControlScan released a new educational white paper, Ltd. to enable merchants to accept payments from
Online Transaction Laundering and the Evolving Landscape any country in the world. The companies stated that
of E-Commerce Merchant Fraud. The paper discusses the through the collaboration, Bigcommerce clients can
size and scope of the online transaction laundering securely adapt to local languages, currencies and pay-
problem, its sophistication, and how payments industry ment methods through a seamless and simple integra-
stakeholders are working to detect it and mitigate the tion. Merchants using 2Checkout will have direct access
associated business risks. to build their businesses with Bigcommerce's eCom-
merce platform.
FIME addresses NFC security in revised paper
BlueSnap, Verify join forces against chargebacks
In response to market interest in host card emulation
and tokenization, FIME, a consultancy and advanced Global payment gateway BlueSnap Inc. partnered with
end-to-end testing services company, broadened the Verifi Inc. to help BlueSnap merchants prevent charge-
scope of its white paper, The NFC Security Quiz, to backs. To facilitate this, BlueSnap is making Verifi's
explain how the security framework for delivering near Cardholder Dispute Resolution Network (CDRN) avail-
field communication (NFC) services needs to evolve. able to customers alongside a full suite of fraud protec-
The paper discusses solutions such as white box cryp- tion tools. The CDRN gives merchants the ability to
tography, tokenization, code obfuscation, data cipher- respond and resolve disputes directly with the customer
ing, GlobalPlatform's Trusted Execution Environment before they turn into chargebacks.
(TEE) and over-the-air data encryption.
Capital One to offer Vantiv merchant services
GlobalPlatform reports on TEE
Capital One Bank entered an agreement with Vantiv Inc.
GlobalPlatform, the organization responsible for stan- to provide payment solutions to the bank's merchant
dardizing the management of applications using secure customers throughout the United States. "By partnering
chip technology, published a white paper titled The with Vantiv, our clients will now benefit from Vantiv's
Trusted Execution Environment: Delivering Enhanced industry-leading payment tools and services, which are
Security at a Lower Cost to the Mobile Market. The paper designed to help them focus on what they do best ‒ run-
introduces the trusted execution environment (TEE) and ning and growing their businesses," said Colleen Taylor,
examines its role in addressing an increasing number of Executive Vice President, Head of Treasury Management
security concerns within the expanding mobile services and Enterprise Payments at Capital One.
market.
CU Wallet allies with Relevant Solutions
MasterCard studies consumer security sentiments
CU Wallet LLC, a credit union service organization,
According to a recent MasterCard survey, 77 percent of and in-store mobile content provider Relevant Solutions
Americans said they are anxious about their financial formed a strategic alliance that integrates merchant
information and Social Security numbers being stolen offers and promotions with CU Wallet's mobile wallet.
or compromised, and indicated they would rather have This integration gives CU Wallet member credit unions
their e-mail account hacked (62 percent) or their home the ability to deliver promotions and offers from more
robbed (59 percent). Survey findings also indicated con- than 750 national merchants, as well as local retailers,
sumers are ready to embrace new ways to pay and want directly to members.
to feel empowered with new payment options.
Digital River, Payoneer enable
Transactis, Blueflame research bill payment cross-border payments
Transactis, a provider of electronic billing and payment Commerce-as-a-Service company Digital River Inc.
solutions, and Blueflame Consulting, a research and teamed with Payoneer Inc. to provide clients with a
advisory firm specializing in financial services and pay- quick, simple and cost-effective solution for mass pay-
ment processing, unveiled market research reporting outs and fund transfers to professionals and businesses
the number of billers in key vertical industries, as well worldwide. The joint solution now provides Digital
as the total number of bills and statements they gener- River merchants with the ability to process online
ate annually. For details, visit www.transactis.com/events/ payments using more than 200 international payment
iofm-payments-summit-2015/. options and over 170 currencies, according to the com-
panies.
22
RESEARCH PARTNERSHIPS
ControlScan releases online fraud white paper 2Checkout forms alliance with Bigcommerce
Security, compliance and risk management company 2Checkout.com Inc. partnered with Bigcommerce Pty.
ControlScan released a new educational white paper, Ltd. to enable merchants to accept payments from
Online Transaction Laundering and the Evolving Landscape any country in the world. The companies stated that
of E-Commerce Merchant Fraud. The paper discusses the through the collaboration, Bigcommerce clients can
size and scope of the online transaction laundering securely adapt to local languages, currencies and pay-
problem, its sophistication, and how payments industry ment methods through a seamless and simple integra-
stakeholders are working to detect it and mitigate the tion. Merchants using 2Checkout will have direct access
associated business risks. to build their businesses with Bigcommerce's eCom-
merce platform.
FIME addresses NFC security in revised paper
BlueSnap, Verify join forces against chargebacks
In response to market interest in host card emulation
and tokenization, FIME, a consultancy and advanced Global payment gateway BlueSnap Inc. partnered with
end-to-end testing services company, broadened the Verifi Inc. to help BlueSnap merchants prevent charge-
scope of its white paper, The NFC Security Quiz, to backs. To facilitate this, BlueSnap is making Verifi's
explain how the security framework for delivering near Cardholder Dispute Resolution Network (CDRN) avail-
field communication (NFC) services needs to evolve. able to customers alongside a full suite of fraud protec-
The paper discusses solutions such as white box cryp- tion tools. The CDRN gives merchants the ability to
tography, tokenization, code obfuscation, data cipher- respond and resolve disputes directly with the customer
ing, GlobalPlatform's Trusted Execution Environment before they turn into chargebacks.
(TEE) and over-the-air data encryption.
Capital One to offer Vantiv merchant services
GlobalPlatform reports on TEE
Capital One Bank entered an agreement with Vantiv Inc.
GlobalPlatform, the organization responsible for stan- to provide payment solutions to the bank's merchant
dardizing the management of applications using secure customers throughout the United States. "By partnering
chip technology, published a white paper titled The with Vantiv, our clients will now benefit from Vantiv's
Trusted Execution Environment: Delivering Enhanced industry-leading payment tools and services, which are
Security at a Lower Cost to the Mobile Market. The paper designed to help them focus on what they do best ‒ run-
introduces the trusted execution environment (TEE) and ning and growing their businesses," said Colleen Taylor,
examines its role in addressing an increasing number of Executive Vice President, Head of Treasury Management
security concerns within the expanding mobile services and Enterprise Payments at Capital One.
market.
CU Wallet allies with Relevant Solutions
MasterCard studies consumer security sentiments
CU Wallet LLC, a credit union service organization,
According to a recent MasterCard survey, 77 percent of and in-store mobile content provider Relevant Solutions
Americans said they are anxious about their financial formed a strategic alliance that integrates merchant
information and Social Security numbers being stolen offers and promotions with CU Wallet's mobile wallet.
or compromised, and indicated they would rather have This integration gives CU Wallet member credit unions
their e-mail account hacked (62 percent) or their home the ability to deliver promotions and offers from more
robbed (59 percent). Survey findings also indicated con- than 750 national merchants, as well as local retailers,
sumers are ready to embrace new ways to pay and want directly to members.
to feel empowered with new payment options.
Digital River, Payoneer enable
Transactis, Blueflame research bill payment cross-border payments
Transactis, a provider of electronic billing and payment Commerce-as-a-Service company Digital River Inc.
solutions, and Blueflame Consulting, a research and teamed with Payoneer Inc. to provide clients with a
advisory firm specializing in financial services and pay- quick, simple and cost-effective solution for mass pay-
ment processing, unveiled market research reporting outs and fund transfers to professionals and businesses
the number of billers in key vertical industries, as well worldwide. The joint solution now provides Digital
as the total number of bills and statements they gener- River merchants with the ability to process online
ate annually. For details, visit www.transactis.com/events/ payments using more than 200 international payment
iofm-payments-summit-2015/. options and over 170 currencies, according to the com-
panies.
22
