Research shows retailers in 2011 made most anti-fraud progress in over a decade


Visa-owned CyberSource has unveiled the outcomes of its thirteenth annual e-commerce fraud survey, which showed that retailers are beginning to make important headway in the battle against fraud, even though it is ongoing. The percentage of the number of orders that were found to be fraudulent fell to 0.6 percent in 2011, from having been 0.9 percent in 2010. It has now reached the lowest point that has been seen in the thirteen years since the annual study began. However, the survey also found that the cost of fighting against…

Read More

Google unveils safety measure for their upcoming mobile wallet


As mobile commerce continues to generate hype, concerns regarding security abound. Electronic payments have always carried an inherent threat, most often exemplified in identity theft, but NFC-power mobile payments present new risks. While the companies developing NFC-enabled payment platforms insist that such systems are secure, there has yet to be any evidence backing these claims. Google is the first company to show just how serious they are when it comes to security by announcing that their Google Wallet product will be equipped with a fingerprint sensor. After unveiling the plans…

Read More