VISA UPDATED POLICY FOR FREE TRIALS AND SUBSCRIPTIONS

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Visa has enhanced policies for sellers who offer free trials or other introductory promotions as part of their subscription service for physical or digital goods, in which pricing changes from the initial trial period to the first bill may occur.

Visa’s changes are designed to enhance the customer experience by providing transparent agreement information. Given the increase in online and subscription payments with customers largely conducting purchases at home – there is a greater need for increased transparency for subscription transactions with a free trial offer.

Subscription sellers that utilize free trial promotional offers must document and provide their customer information on the initial engagement of service, as well as all subsequent transactions in a detailed transaction receipt.

GammaBilling is there to help YOUR business going to the next level, staying ahead of the curve, offering your online consumer a flawless experience while using your portal.

PSD2 RULING NOW REPORTED

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August 14th
The UK’s Financial Conduct Authority (FCA) has confirmed an 18-month delay to the introduction of Secure Customer Authentication (SCA) rules – one of the most important legislations affecting the financial and retail sectors – in a bid to give firms more time to prepare.
As part of the Second European Payment Services Directive (PSD2), the SCA requirement stipulates stronger payment security standards for higher value transactions based on multi factor authentication, increasing the security of electronic payments.

HANDELSBANKEN AS OF NOVEMBER 23RD WAS ACCEPTED AS A NEW IDEAL BANK

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On November 23, Handelsbanken was added as a new iDEAL bank. Handelsbanken, originally a Swedish bank now active in the Netherlands since 2013 and operating in the Netherlands as one of their home markets, is a full service bank for private individuals, entrepreneurs and companies. Within the Netherlands, the focus is mainly on the higher market segments.
Handelsbanken who was founded in 1871, after the crisis of the sixties, strongly decentralized its management model. This created local authorities with a local strategy. By offering iDEAL, Handelsbanken can now offer a better service to the Dutch consumers.

HYATT HOTELS SUFFERS 2ND CARD BREACH IN 2 YEARS

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Hyatt Corp. is alerting customers about another credit card breach at some hotels, the second major incident with the hospitality chain in as many years.
Hyatt said its cyber security team discovered signs of unauthorized access to payment card information from cards manually entered or swiped at the front desk of certain Hyatt-managed locations between March 18, 2017 and July 2, 2017

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DELL LOST CONTROL OF KEY CUSTOMER SUPPORT DOMAIN FOR A MONTH IN 2017

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A Web site set up by PC maker Dell Inc. to help customers recover from malicious software and other computer maladies may have been hijacked for a few weeks this summer by people who specialize in deploying said malware, KrebsOnSecurity has learned.

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2ND BREACH AT VERTICALSCOPE IMPACTS MILLIONS

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For the second time in as many years, hackers have compromised Verticalscope.com, a Canadian company that manages hundreds of popular Web discussion forums totaling more than 45 million user accounts. Evidence of the breach was discovered just before someone began using that illicit access as a commercial for a new paid search service that indexes consumer information exposed in corporate data breaches.

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SKYROCKETING BITCOIN FEES HIT CARDERS IN WALLET

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Critics of unregulated virtual currencies like Bitcoin have long argued that the core utility of these payment systems lies in facilitating illicit commerce, such as buying drugs or stolen credit cards and identities. But recent spikes in the price of Bitcoin — and the fees associated with moving funds into and out of it — have conspired to make Bitcoin a less useful and desirable payment method for many crooks engaged in these activities.

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BREACH AT SONIC DRIVE-IN MAY HAVE IMPACTED MILLIONS OF CREDIT, DEBIT CARDS

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Sonic Drive-In, a fast-food chain with nearly 3,600 locations across 45 U.S. states, has acknowledged a breach affecting an unknown number of store payment systems. The ongoing breach may have led to a fire sale on millions of stolen credit and debit card accounts that are now being peddled in shadowy underground cybercrime stores, KrebsOnSecurity has learned.

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MASTERCARD APPLIES FRAUDSTERS’ LOGIC TO CARD THEFT DETECTION

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Mastercard is unveiling an anti-fraud tool that’s been in development for more than three years, bringing a new way to pinpoint cards and accounts at the highest risk of fraud following data breaches.

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EQUIFAX HACKERS STOLE 200K CREDIT CARD ACCOUNTS IN ONE FELL SWOOP

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Visa and MasterCard are sending confidential alerts to financial institutions across the United States this week, warning them about more than 200,000 credit cards that were stolen in the epic data breach announced last week at big-three credit bureau Equifax. At first glance, the private notices obtained by KrebsOnSecurity appear to suggest that hackers initially breached Equifax starting in November 2016. But Equifax says the accounts were all stolen at the same time — when hackers accessed the company’s systems in mid-May 2017.

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