All Posts Tagged With: "MasterCard"
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 […]
Why AVS Is Bad for Merchants
AVS, otherwise known as Address Verification Service, just doesn’t work. Banks know it, merchant service providers know it, and merchants should know it. Too often, AVS misleads merchants into thinking an order may be valid when it’s not. I’ve heard merchant after merchant say the same thing “but AVS said it was valid!” only to […]
28Jan2008 | Riley Poole | 4 comments | Continued
Is PCI A Fool’s Game?
The challenge with PCI certification is simply that it is reactive instead of proactive. Virtually every rule set created is based on some previous bad act to create the ultimate in a false sense of security. The challenge becomes when you mandate that millions of merchants worldwide spend billions of dollars to become “compliant” you […]
26Jan2008 | Riley Poole | 4 comments | Continued
Two Factor Authenciation Cracked
Over 400 banks worldwide, with more being added have been targeted for one of the most sophisticated trojan horses to date. The trojan horse not only manages to change an manipulate on it own but it is able to intercept two-factor authentication programs such as Verfied by Visa and MasterCard (NYSE MA) Secure Code.
Even the experts […]
Update on Google Checkout and MasterCard
Google Checkout. I am happy to report that I received confirmation from Google directly that they have taken the necessary steps to complete their PCI certification. In less than a week after our post about Google not being PCI Compliant, the good people at Google quickly responded to the matter and have completed all of […]
9Jan2008 | Riley Poole | 7 comments | Continued
Dynamic Currency Conversion is Dead
Have you ever traveled abroad only to find unusual small charges on your card from your bank or third party company you’ve never heard of? This year that will be a thing of the past. More so, you may even be getting a refund!
Card issuing banks have settled a class action lawsuit whereby card members […]
MasterCard.com NOT PCI Compliant & Subject to XSS Attacks
Goes to show you, no matter who you are, your website is subject to scripting errors and therefore security breaches like XSS attacks. Seems like MasterCard, in all it’s attempts to ensure that merchants, banks, and merchant service providers are security-compliant, messed up. XSSED has discovered a scripting error in MasterCard’s search function which could […]
5Jan2008 | Riley Poole | 7 comments | Continued
Why Online Merchants WILL NOT accept American Express
I love American Express, I know a lot of people out there don’t, but I think it’s a great company. They do a lot of good stuff for small businesses and they are very good at what they do overall. However, sometimes even the best of them screw up and hopefully by me pointing this […]
2Jan2008 | Riley Poole | 2 comments | Continued
10 Things your Merchant Service Provider Will Not Tell You
1) Discount rates are ultimately set by Visa/MasterCard. Anything in excess of these rates are profit for the ISO, Merchant Service provider, and end-reseller. In the case of high risk merchants, these can be upwards of several percentage points per transaction.
2) Being on the TMF list doesn’t automatically exclude a merchant from being accepted for […]
MasterCard buys 25% of Cybersource
While just a rumor, sources say that MasterCard (NYSE MA) is going to acquire a rather large stake in Cybersource (Nasdaq CYBS). Some say as low as 5% while others say as high as 30%. What does this mean to the industry?
First off, the CyberSource buyout of Authorize.Net was a bad move for merchants all […]
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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. ...