A Snapshot Look at Ecommerce Payments in Japan
Japan is a major economic power, and its residents are very well-versed in ecommerce. Here’s a snapshot look at payments in Japan.
Payment/Security
28 More Tweets from MRCVegas14
And I’m back from the Merchant Risk Council Ecommerce Payments and Risk Conference… Jet-lagged from 3 and a half days in Las Vegas (if you include the red eye back … Continue Reading →
25 Tweets from Day 1 of #MRCVegas2014
Did you miss Day 1 of the Merchant Risk Council Ecommerce Payments and Risk Council? Here’s a look back at some thought leadership, fun and a-ha moments from Las Vegas. … Continue Reading →
Skiing at the Merchant Risk Council Conference
The last thing I thought I’d do in Las Vegas this week was strap on a pair of ski boots. Okay, the last thing I EVER thought I’d do was … Continue Reading →
Why Merchants Need to Quickly Adopt EMV and mPOS
The recent Target data breach, together with a series of other events in recent years, have moved Europay, MasterCard, Visa (EMV) adoption in the U.S. from a possibility to a near reality.
Cyber Security in the Crossroads
Target, Neiman Marcus and Michaels are not the first merchants to have customer data compromised by a cyber-attack, nor will they be the last.
The Effects of Online Credit Card Declines in the U.S.
An independent study of 1k consumers found that 17 percent of consumers report having had their credit cards declined during card not present (CNP) transactions and as many as one-third of these declines were unnecessary. The result is consumer aggravation, increased operational costs for banks and credit card companies and as much as $40 billion in lost revenue for online retailers. 41st Parameter, a part of Experian, released the data from its TrustInsight division.
Overstock.com Surpasses $1 Million in Bitcoin Transactions
Overstock.com announced that it has sold over $1 million in product to Bitcoin users since the online shopping site started accepting the cryptocurrency on Jan 9. According to Overstock.com, of the over 4,300 Bitcoin customers that made purchases with the site since January, almost 60% are new customers.
Target CIO Resigns after Holiday Security Breach
Target has announced that Beth Jacob, chief information officer, is resigning from her position as part of an “overhaul” of the retailer’s information security and compliance structure. Jacob’s resignation is effective March 5.
Data Breach Affects Target’s 4Q U.S. Sales
What did the major data breach at Target mean for the merchant’s bottom line? It meant fewer consumers shopping at the mass merchant, as well as a $17 million net expense related to the data breach investigation. Target announced Wednesday that sales for its U.S. segment in the fourth-quarter decreased 6.6%.