PYMNTS

AUGUST 9, 2017

It represents the development of a whole new technology, and reliability and security are just as important as speed — otherwise, this alternative payment method would be no better than the electronic payment methods that came before it. Today, the most encrypted way to transact is by Europay, Mastercard and Visa (EMV) chip cards.

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PYMNTS

MARCH 1, 2019

When credit cards first debuted in 1920s America,they brought with them myriad benefits. For instance, prior to a law passed by Congress in the mid-1970s, companies could mail consumers activated credit cards without their consent. Security strategies. In turn, businesses could more easily sell higher-priced items.

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PYMNTS

AUGUST 9, 2019

It appears the company’s service, which was introduced in 2013 and competed with services like PayPal, will be shuttered in favor of a new EMV SRC-based service. In 2017, Google Pay added Visa Checkout support, which allowed users to make purchases using Visa cards that were associated with Google Pay accounts.

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Google Cards Payments Security 194

PYMNTS

FEBRUARY 1, 2017

Coin, which was founded as a mobile payment company initially in late 2013, has seen its fair share of ups and downs over the years. From seeking to take the place of all credit cards , to securing a large round of funding and introducing innovative reward programs , Coin followed the routine path of most startups.

Cards 100

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PYMNTS

NOVEMBER 12, 2018

“HealthCare.gov is safe to use, and the agent and broker system is now available again with additional security measures in place. It did note in the letter that none of the information that was accessible included bank account numbers, credit card numbers, or diagnosis or treatment information. “We

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PYMNTS

AUGUST 8, 2017

7) that it charged twelve people with money laundering millions of dollars in credit card charges via fraudulent merchant accounts. According a FTC press release, the defendants set up an operation known as Money Now Funding (MNF) to get and maintain merchant accounts that let it process credit card charges close to $6 million.

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Cards Fraud America Lending 112

PYMNTS

APRIL 14, 2016

The company said that it discontinued sales of credit card add-on products four years ago and also sold its card and its retail services business in 2012, while the HSBC Bank Nevada unit was shuttered in 2013. (which is paying most of the aforementioned fine).

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Jeff For Banks

DECEMBER 22, 2013

According to its third quarter investor presentation, the bank''s greatest revenue comes from pre-paid cards (35% of revenue), followed by revenues from a traditional community bank (22% of revenues) that manages $1.4 Please do not claim to invest in any security based on what you read here. I''m sure that strategy works well.

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Community Bank Atlanta Community Strategy 84

PYMNTS

DECEMBER 10, 2018

It’s the decoupled debit card. Merchants paid less when they accepted those cards. Aside from a handful of special use cases , there wasn’t mass adoption of decoupled debit cards, and merchants didn’t end up issuing many. The REDCard has seen its growth slow appreciably since 2013, the year of the infamous Target breach.

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Branding Cards Payments New Jersey 184

PYMNTS

FEBRUARY 27, 2019

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . A reported 3.6 billion people worldwide will carry digital IDs with embedded biometrics by 2021.

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Jeff For Banks

JANUARY 18, 2014

Incidentally, your QE 1 to 3 programs ran for six years, accumulated three trillion dollars of securities, and pushed long term rates lower when your forward guidance could not do so. in the third quarter of 2013, but the strong growth numbers were the result of huge inventory building, to the tune of nearly $116 billion annualized.

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Philadelphia Policies US Marketing 81

Bank Innovation

JUNE 14, 2018

RBC said Facebook allowed it access in order to “wind down” a payments app it first unveiled in 2013. […]. Royal Bank of Canada and Facebook today offered differing versions of why the social media company continued to give the bank extraordinary access to customer data after Facebook said publicly that it would stop doing so.

social media 186

social media Data Payments Company 186

PYMNTS

MARCH 10, 2016

The PayPal Here SDK was launched in 2013 with the intention of enabling its partners and developers to integrate chip-and-PIN and contactless card payments into their iOS and Android apps. PayPal has officially revealed its first U.K.

Security 100

Security Software Customer Experience Management 100

PYMNTS

SEPTEMBER 24, 2020

Social Security numbers. Fraudsters] will call up customers pretending to be bank employees and ask the customers to share their passwords, debit card details, PINs, et cetera. billion in losses in 2019, according to a recent study, although it has declined from $20 billion in 2013. Identity fraud accounted for $16.9

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PYMNTS

JULY 17, 2017

After signing on as Neiman Marcus’ chief security information officer in 2014, Sarah Hendrickson has stepped down from her position. Hendrickson, a 20-year security veteran, joined Neiman Marcus’ team shortly after the company’s 2013 data breach which involved 1.1 million credit and debit cards.

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Security Compliance Data Cards 101

PYMNTS

DECEMBER 19, 2016

While Yahoo can’t seem to shake the consequences of its massive data breach, Costco may have finally gotten things right with its co-branded credit card, and IBM is keeping its eye on the blockchain prize. Costco Turns The Credit Card Corner. The road to a co-branded credit card has been a bumpy one for Costco.

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blockchain Cards Data Branding 100

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. 2013 had compromised even more user data. “One

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PYMNTS

SEPTEMBER 13, 2019

Northmill said it had a “constructive dialogue” with the SFSA, and that banking services like payment transfers, saving accounts and cards will all be added “in the near future.”. N26, which started in 2013, has a valuation of €2.38 Monzo recently secured €126 in funding on a €2.2 billion valuation.

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Fintech cryptocurrency Innovation Operations 156

PYMNTS

FEBRUARY 22, 2018

In a press release , Commonwealth Bank said customers with a Mastercard can load their credit or debit card details into its app and make secure payments with a compatible Samsung Galaxy or wearable device. Since 2013, our customers have been able to use their smartphones to make payments.

Samsung 109

Samsung Mobile Payments Security 109

PYMNTS

DECEMBER 3, 2018

In December of 2013, Target was breached. Hackers got off with some 41 million customer accounts, including payment card details. That breach cost then- CEO Gregg Steinhafel his job, and became the poster child for EMV and the need to lock down payment card security to protect against counterfeit fraud at the physical point of sale.

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Fraud Security Payments Cards 192

PYMNTS

DECEMBER 3, 2018

According to a report in the Wall Street Journal citing cyber security specialists, the breach in which the personal information of as many as 500 million customers was exposed began in 2014, going undetected until September of 2018. A spokeswoman for Marriott said everyone involved would have preferred the incident was identified earlier.

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Cyber Security Security Cards Resources 122

PYMNTS

NOVEMBER 16, 2017

According to news from Reuters , Wells Fargo ’s Shrewsberry said that banks are being competitive in getting consumers to use their credit cards but that easy access to credit hasn’t led to meaningful credit card defaults yet. That’s probably at the margin where excess leverage will show up.

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PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. It’s the latest large retailer to raise the security concerns, with a lawsuit filed this week in U.S.

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Retail Cards Data Atlanta 100

PYMNTS

FEBRUARY 18, 2019

In a tale that roughly recalls the 2013 Martin Scorsese film “ The Wolf of Wall Street ,” the U.S. Securities and Exchange Commission has sued financier Joshua Sason for fraud. The complaint also targets three other people involved in the alleged fraud, which the SEC said took place in 2012 and 2013.

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Fraud Operations Security Data 122

PYMNTS

JANUARY 4, 2017

The call center worker said that, if the person seems scared or fell for the scam, they would tell them to purchase thousands of dollars in iTunes cards to prevent being thrown in jail. The victim would send the iTunes card codes to the scammers, which gave them access to the money. government and has been looked into since 2013.

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PYMNTS

DECEMBER 5, 2017

The public may learn of data breaches much more promptly if three senators get their way on a proposed Senate bill, the Data Security and Breach Notification Act, which was introduced on Thursday, Nov. million to settle claims related to its 2013 holiday season data breach, which compromised 40 million customers’ credit and debit cards.

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PYMNTS

JANUARY 6, 2017

A call center worker told Betsy Broder, who tracks international fraud at the FTC, that if a person seemed scared or fell for the scam, then they would direct them to purchase thousands of dollars in iTunes cards to prevent being thrown in jail. The victim would send the iTunes card codes to the scammers, which gave them access to the money.

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PYMNTS

OCTOBER 23, 2018

State securities laws are vital to protecting the hard-earned savings of working families and Main Street investors from financial fraud, and my office will continue to do what’s necessary to protect the public and the integrity of our markets.”. Underwood said in a press release.

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New York Fraud Community Bank Strategy 139

PYMNTS

JANUARY 18, 2019

As reported late this week in Dark Reading , and as estimated by security research firm Agari , efforts are “ramping up” wherein criminals look to “divert payrolls” of senior executives. A pair of studies have shown that companies are increasingly being targeted through methods both sophisticated and decidedly mundane.

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Study Fraud Report Resources 173

CFPB Monitor

MARCH 19, 2015

The CFPB has issued another request for information about the credit card market. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. In October 2013, the CFPB issued its first report to Congress on the results of its first review. Fee Harvester Cards.

Cards 60

Cards Marketing Report Innovation 60

PYMNTS

JUNE 19, 2018

credit card market is massive. North America accounts for about 60 percent of the global card market, according to analysis from ResearchAndMarkets.com released earlier this year, while the American Banking Association found in April that about 70 percent of Americans have at least one credit card. “We [the U.S.]

Cards 100

Cards Fraud Payments Data 100

CFPB Monitor

FEBRUARY 4, 2015

Tasca Today, the CFPB entered a consent order that requires subprime credit card company, Continental Finance Company, LLC (“Continental”), to refund an estimated $2.7 million to consumers who were charged alleged illegal credit card fees. million in consumer funds deposited during 2013 were not FDIC insured.

Cards 60

Cards FDIC Company Security 60

PYMNTS

JUNE 15, 2016

He is replacing Mike Passilla, who was chosen as the company’s chief executive in May 2013 to oversee development of Chase Paymentech and other merchant-focused offerings. JPMorgan Chase has picked Matt Kane as its new chief executive to head its commerce solutions division.

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Leadership Community Bank Community Branding 100

PYMNTS

MARCH 25, 2020

Henry was the CEO of prepaid debit card firm Netspend from 2008 to 2014. He navigated its initial public offering (IPO) in 2010, and in 2013 he led the company in a $1.4 In 2017, he was appointed director of security firm The Brink’s Company and was elected chairman of the financial services company Paysign in 2018. million.

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Fintech Operations Innovation Company 139

BankBazaar

DECEMBER 14, 2019

Financial transactions on BankBazaar have always been safe and secure. Since its inception, BankBazaar has consistently made efforts to create a robust, secure and glitch-free platform that will enable its users to carry out transactions and interactions seamlessly, minus the fear of losing crucial data and identity theft.

Security 78

Security Cards Compliance Data 78

PYMNTS

JULY 28, 2017

The Korea Financial Security Institute is now reporting a second group using Lazarus that has been attacking South Korea since 2013. Those hacking efforts include attempts to spike ATMS with malware to scrape card data — FSI notes that the behaviors are more typical of organized crime than state-sponsored cyberterror.

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Groups ATM Security Data 116

PYMNTS

MARCH 24, 2016

million through a debit card scheme. The complaint alleges that Chon made the first illicit foray into Toys”R”Us’ “Fleet Card” system in 2013 and then 116 more times until March 2016. When retail executives complain about the rising cost of labor, this isn’t usually what they mean.

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