EFT network NYCE raised interchange for issuers by 1.1 cents in October of 2009. Competitor Star EFT is also changing interchange rates and eliminating fee maximums. Both networks are doing so as an incentive to banks to use their networks.Merchants are the ones who will be absorbing the new..
Researcher comScore reported that online spending on Cyber Monday, the Monday after Thanksgiving, was $887 million, representing a 5% increase over $846 million on 2008’s Cyber Monday. The November 30th volume matched the heaviest online shopping day comScore previously tracked, which was on..
McAfee’s latest research paper called, “Inside the Password-Stealing Business: The Who and How of Identity Theft”, reveals startling facts on cybercrime. For instance, there was a 400% increase in malware designed to steal passwords in 2008. For the first 6 months of 2009, new malware..
According to a survey by Tealeaf Technology Inc., whose software analyzes consumer behavior online, 48% of US adults are buying more online this year than in 2008.Most ecommerce transactions go smoothly. Still, 80% of online shoppers reported having a problem when buying online. Problems included..