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…

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The risks of replacing credit cards with mobile phones

Mobile Payment Security

Credit cards have a new cousin as cell phones enter the mobile commerce marketplace with the technology to pay for a purchase in a brick-and-mortar shop with nothing more than a wave of the device. Though some are eager to start using it, others are wary of the process. This concern may not be entirely unfounded. It seems that many of the policies and laws that have been put into place to protect our money and credit aren’t yet aligned with the latest in technological advancements. The Consumers Union has…

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