Archive for Riley Poole
Credit Card Fraud is Out of Control
The challenge with credit card fraud is that as it is typically an interstate fraud, meaning happening from one state to the next, the cost and time to prosecute is typically beyond the crime itself as it would cost more to extradite a person even across country for a crime typically no more than a […]
18Feb2008 | Riley Poole | 11 comments | Continued
Paypal considering Verified by Visa
What happens when you introduce one of the most widely targeted brand names, i.e. Paypal, with yet another highly targeted brand name, i.e. Visa? Can anyone say Chernobyl?
Seems in an effort to combat fraud, Paypal is in the early stages of considering the use of Verified by Visa and MasterCard (NYSE MA) Secure Code to […]
eBay In Talks To Acquire Cybersource?
Frankly, one of the major issues surrounding eBay (NASDAQ EBAY) not including its lacking merchant interest is fraud. While just a rumor, some people suggest that eBay may want to take the plunge and purchase Cybersource (NASDAQ CYBS). As Cybersource would not only give eBay access to the largest risk management service online, it would […]
12Feb2008 | Riley Poole | 7 comments | Continued
Google Adwords Chargeback Fraud?
It seems that fraud at Adwords has reached such epidemic proportions that Google (NASDAQ GOOG) has resorted to random calls to verify order activity. While Google would typically take the stance that a small amount of fraud is warranted when you consider the number of Google Adwords advertisers, it appears that this is no longer […]
11Feb2008 | Riley Poole | 16 comments | Continued
Google Checkout A Ghost Town
In line with our prediction that nearly 90% of the transaction activity decreased from Google (NASDAQ GOOG) Checkout from a holiday high a year ago, The Google Checkout Merchant Forum is proof positive that the program is all but dead.
As Google struggles on many fronts, including its ailing stock price, there are many causalities including […]
“I’ll pay you in 21 days for a Hamburger today” says Paypal
eBay (NASDAQ EBAY) has really not been scoring points on the merchant front for the past few weeks. Ever since Meg decided to abandon the sinking ship, seems the entire business has been hurting, right down to the golden goose. The problem now, of course, is that many recent changes to their cash cow have […]
9Feb2008 | Riley Poole | 12 comments | Continued
The Jig is Up, Guys!
Seems that a long kept secret is out. Seems like Wachovia (NYSE WB), Wells Fargo (NYSE WFC) and many other banks have gotten caught with their hands in the cookie jar. While banks have often been once removed from “illegal merchants” it seems regulators have wised up to the practice of looking the other way […]
8Feb2008 | Riley Poole | 6 comments | Continued
Google Plans to Discontinue Google Checkout?
It wouldn’t be the first time Google (NASDAQ GOOG) caved in to competition, anyone remember Google Answers? As Paypal sees impressive growth numbers, rumor has it that nearly 90% of merchants have dropped the use of Google Checkout after the discontinuation of their “free” processing period.
With Google’s stock in tanking now, rumor has it that […]
The Perfect Scam
What happens when you mix credit card fraud and click fraud? You get the perfect scam. It seems fraudsters have been hard at work at milking Google (NASDAQ GOOG) and other PPC networks such as Microsoft AdCenter (NASDAQ MSFT) and Yahoo (NASDAQ YHOO) out of valuable click traffic but what’s most shocking is that these […]
30Jan2008 | Riley Poole | 10 comments | Continued
Is Verified by Visa Toast?
Visa spent over $100MM in marketing and developing the service. In 2007, they fired the person in charge of the Verified by Visa Program and in 2008, they are going to push back on the program even further. While at one point over 100 service providers supported it, today fewer than 5 of them actively […]
30Jan2008 | Riley Poole | 6 comments | Continued-
Got a story or tip? Submit it to editor@merchanttalk.com
As long as Merchant Services do not get hurt by the actions of criminals and only pass the buck on ...
First of all, this is a great forum...so thanks.
I would have been betting on someone from the financial services industry ...
Only time will tell. but for my take, I found it fascinating how merchant account providers are continuing to find ...
Good post. You make some great points that most people do not fully understand.
"Ultimately, with the banks fitting the bill ...
Merchant Warehouse is an ISO (Independent Sales Office). Paypal is not even in the same realm. Paypal is like western ...
You have to make at list $2 mil a year!!! that's what they told me so this thing you wrote ...
Google is trying to be a jack of all trades, their only success is their search and their advertising program. ...