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 2005 Archive Online fraud threat for Christmas Cologne, 8 December 2005 – Pago, one of the leading international acquiring and payment service providers, warns that E-commerce fraudsters will use the Christmas season to increase their activities. They pointed out that this was the case at the end of last year, and that they expect 2005 to be no different. In the Pago Report 2005, researchers found that fraudsters tend to increase their operations towards the year end. It seems that these criminals bank on increased purchase and payment transaction volumes making fraud prevention barriers easier to breach.  moreRuediger Trautmann leaves Pago – Markus Weber takes over Cologne, 22 September 2005 – Ruediger Trautmann has, at his own request, resigned as CEO with effect from 30 September 2005 after five and a half years at the helm of Pago. Pago has been headed by two executive officers till now: Ruediger Trautmann as CEO and Dr. Markus Weber as CFO. Markus Weber takes over as sole CEO as from 1 October 2005 and will therefore also take on the customer-orientated responsibilities. moreCredit card fraud threatens Cologne, June 16, 2005 – Pago, one of the internal leading Acquiring & Payment Service Provider, shows in its Pago Report 2005 that especially enterprises selling goods or services through the internet are threatened by growing credit card fraud. As online merchants have to offer their clients payment by credit card, if the do not want to lose important parts of their customer base, they are put on risk whether they like it or not. In cases where fraudsters use stolen or manipulated credit card data the merchant loses money because of so-called “chargebacks”. morePago Report 2005 launched Cologne, June 02, 2005 – The eagerly awaited Pago Report 2005 highlights new and surprising insights into European e-commerce. One of the key findings: consumer purchasing and payment behaviour patterns and non-payment risks vary widely in the e-commerce industry sectors analysed. This is one of the key results of the Pago Report 2005, which is based on the analysis of around 20 million real-life purchase transactions processed through the Pago platform in 2004. Entitled 'Success and risk factors in international E-payment" the Cologne based Acquiring & Payment Service Provider has published its fourth comprehensive annual study of e-commerce. The Pago Report 2005 is the only investigation into online business practice that uses statistical analysis of real purchase transactions instead of relying on polls and surveys. morePago confirms: Credit Card is No. 1
Cologne, February 22, 2005 – Pago, one of the world’s leading Acquiring & Payment Service Providers, has restructured its services portfolio. The company is responding to changing demands in global E-commerce. The measures have also been driven by the findings of the 2004 Pago Study. This study, entitled “Status Quo of E-Retailing in Germany and Europe”, came to the conclusion that the credit card is the No. 1 payment method in global E-commerce. As a consequence, Pago is putting the credit card at the centre of its payment and risk management service portfolio. This shift by the Cologne, Germany, company has been accompanied by the redesign of its website www.pago-international.com, which has now been online since the middle of February. more
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