Most internet merchants are now requiring consumers to enter the three or four digit number on the back of the credit card as part of the checkout process. The three digit code is known by several names: Card Verification Value (CVV), Card Validation Code (CVC) and Card ID (CID).The theory is that..

According to Fitch Ratings July 2009 charge-off rate for prime credit card portfolios declined 10.55% or 24 basis points over June 2009.  This marked the end of five consecutive months of record highs for charge-offs.Charge-offs often increase in the fourth quarter.  However, Fitch predicts this..

The newest fraud being perpetrated against banks and their customers is called ag (MitP).In MitP attacks, the fraudster impersonates a bank representative calls the bank’s customer to and says that the customer’s savings, checking or card account has have been breached or compromised. The..

Paypal is planning to launch a flexible-payments application programming interface that will allow merchants and others to build their own payment systems. The Adaptive Payment API lets developers and allow merchants and others to quickly integrate payment processing applications or..