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Former Managing Director At Deutsche Bank Joins SWIFT 

PYMNTS

“David brings with him a wealth of industry expertise, having held senior roles in operations, product management and product development, including cash, trade finance and securities services,” said David Scola, SWIFT acting chief executive for the Americas and U.K. “We He has also been a member of TCH’s Company Board since 2017.

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Chip-Enabled Merchants Reach 2.9M In U.S.

PYMNTS

payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. As for international research, in December 2017, data from secure payments enabler EMVCo showed that 58.9 Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S.

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PYMNTS Daily Data Dive: Fed’s Latest Breach Data

PYMNTS

Which is the subject for the PYMNTS Daily Data Dive 5-in-1 today: $3 Trillion | The amount the Fed’s regional banks process in payments per day. 50+ | Number of cyber breaches detected by the Federal Reserve between 2011-2015. 50+ | Number of cyber breaches detected by the Federal Reserve between 2011-2015.

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Deutsche Bank Internal Investigation Finds Russian ‘Dirty Money’

PYMNTS

An internal investigation at Deutsche Bank has found that it processed at least €175 million (nearly $197 million USD) in dirty money for Russian criminals between 2011 and 2014. According to Financial Times , the money was part of a $20 billion scheme known as the “Russian Laundromat,” which was leaked from a supervisory board presentation.

Regional 155
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Yandex.Taxi Making Moves Toward An IPO

PYMNTS

Both banks handled the IPO of Yandex’s search engine business in 2011. million USD) in the Russian regions over the next three years. Half of the investment will focus on developing the security of services, with the other half supporting regional drivers and taxi fleet companies. 8 billion (nearly $125.5

Regional 101
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As Online Sales Grow, So Does Cyberfraud

PYMNTS

Which is why online retailers are increasingly turning to companies like Shape Security , a Mountain View, California-based provider of web and mobile security applications founded in 2011, to counter ever-increasingly sophisticated types of cyberattacks. billion in fraud losses. billion in fraud losses. “We

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How Small Online Sellers’ Global Ambitions Complicate Cash Flow

PYMNTS

In the Asia Pacific (APAC) region, small businesses that sell online have a particularly difficult time finding a loan, especially from traditional sources, according to Yochanan Forman-Zvezhinskiy, head of eCommerce at Hong Kong-based SMB and corporate payments company Currenxie. Outside of China, businesses secured $1.46

Online 109