The Fraud Blog
News, research, and analysis on eCommerce payments and fraud prevention.
DOJ to Congress: Amend Laws to Help us Prosecute for Overseas Fraud on U.S. Cards
While there have been many successful efforts to bring international fraudsters to justice in U.S. courts, this often requires cooperation…
Nov 4, 2021 · 2 min read Merger & AcquisitionsDyre Malware Picks Up Where Zeus Left Off
Since the takedown of the Zeus botnet in June 2014 fraudsters have moved to a new malware of choice, known as Dyre, which also seeks to…
Nov 4, 2021 · 3 min read Merger & AcquisitionsEarly Warning Acquires Authentify and their Multi-Factor Authentication Technology
Early Warning, the cooperative owned by five of the largest U.S. banks that provides risk management services to financial institutions and…
Nov 4, 2021 · 2 min read Fraud PreventioneCommerce and Mobile Banking Fraud Lead 2016 Fraud Increase in the UK
Financial Fraud Action (FFA) UK, a financial services industry research and reporting group, recently released their 2016 year-end payment…
Nov 4, 2021 · 2 min read Industry NewseCommerce Retail Spending Thanksgiving through Cyber Monday Grew 10 Percent
According to estimates from comScore, U.S. consumers spent over $7.2 billion online from PCs during the five day period from Thanksgiving…
Nov 4, 2021 · 3 min read Industry NewsEMVCo’s 3DS 2.0 Specification Coming at a Critical Time
Merchant and cardholder use of Consumer Authentication programs like Verified by Visa and MasterCard SecureCode increased following the…
Nov 4, 2021 · 4 min read Sales ConversionFacebooks Leads the Way, But Many Social Media Platforms DriveTraffic and Sales
The top 500 online retailers in terms of site traffic from social media earned $3.3 billion in revenue from social shopping in 2014 while a…
Nov 4, 2021 · 3 min read Merger & AcquisitionsFirst Data Acquires Digital Gift Card Distributor Transaction Wireless Inc.
Less than one year after the acquisition of digital gift card platform Gyft in 2014, First Data announced the acquisition of Transaction…
Nov 4, 2021 · 2 min read Merger & AcquisitionsFirst Data, North American Bancard Each Complete Major Payment Acquisitions
At the end of May, First Data announced they had reached agreement to acquire another large, publicly traded payment processor,…
Nov 4, 2021 · 2 min read Merger & AcquisitionsFIS Acquires Clear2Pay, Possibly to Speed Up Development of Payment Network ACH Alternative
FIS Inc. announced the acquisition of Brussels-based payment technology company Clear2Pay for €375 ($493.3) million in early September.…
Nov 4, 2021 · 2 min read Fraud PreventionFraud Attempts Increased this Holiday Season for Digital Download, In-Store Pickup and Overall
Benchmark data of top global retailers from ACI Worldwide along with data tracked by the eBay Enterprise Holiday Fraud Index show apparent…
Nov 4, 2021 · 2 min read Fraud PreventionFraudsters Target Starbucks Reloadable Cards Used in Mobile App with Account Takeover
Starbucks has had one of the most successful mobile payments strategies to date with more than one in six transactions being conducted via…
Nov 4, 2021 · 2 min read