PYMNTS

SEPTEMBER 9, 2020

In its second-quarter filing with the Securities and Exchange Commission (SEC), the global financial services corporation reported the executive branch of the European Union (EU) informed Visa that it has opened a preliminary investigation into its digital wallet rules and requested information about them.

Google 223

Google Survey Report Retail 223

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.

Cards 112

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).

Nevada 100

Nevada Cards Retail Company 100

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

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.

Google 194

Google Cards Payments Security 194

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.

Security 101

Security Compliance Data Cards 101

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

Security 100

Security Data US Trends 100

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.

blockchain 100

blockchain Cards Data Branding 100

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.

Security 159

Security National Wyoming Idaho 159

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

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.

Community Bank 81

Community Bank Atlanta Community Strategy 81

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

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.

Philadelphia 78

Philadelphia Policies US Marketing 78

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

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.

Cyber Security 122

Cyber Security Security Cards Resources 122

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

Data 179

Data Security Taxes Resources 179

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.

Cards 202

Cards Security Apple Payments 202

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

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.

Branding 184

Branding Cards Payments New Jersey 184

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.

Fraud 122

Fraud Operations Security Software 122

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.

cryptocurrency 156

cryptocurrency Fintech Innovation Operations 156

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

PYMNTS

NOVEMBER 5, 2019

Launched in 2013, California-based Robinhood offers commission-free trading. In the meantime, the traders that have used this method could be held liable for the money and guilty of securities fraud, said Donald Langevoort, a law professor at Georgetown University. “If The other possibility is just the basic common law of restitution.

Fraud 102

Fraud California Security Apple 102

PYMNTS

OCTOBER 17, 2019

The outage has been going on for the last 24 hours, taking down the company’s website and app, as well as shutting down customers’ debit cards. We can assure you all account information remains secure, and no personal or financial data is at risk.”.

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

CFPB Monitor

MARCH 10, 2017

The CFPB has issued another request for information about the credit card market that identifies significant new issues of CFPB interest. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. Secured credit cards. On April 13, 2017, from 12 p.m. to 1 p.m.

Cards 68

Cards Comparison Trends Marketing 68

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

Video 205

Video Fraud Digital Banking System 205

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

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.

Conference 134

Conference Cards Lending Report 134

PYMNTS

MARCH 12, 2020

Providers serving a wide array of businesses have access to more card or customer data than individual merchants, meaning they may be more able to flag individuals showing signs of fraudulent or unusual behavior. . Fraudsters can use fake IDs and stolen cards to place orders and quickly make off with items before retailers catch on.

Fraud 130

Fraud Analysis Regional Examples 130

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.

Fintech 139

Fintech Operations Innovation Company 139

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.

Leadership 100

Leadership Community Bank Community Branding 100

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.

New York 139

New York Fraud Community Bank Strategy 139

Abrigo

MARCH 4, 2022

The most common method for developing a synthetic identity scheme begins with the theft of a Social Security Number (SSN). A $200 million international fraud scam uncovered in 2013 involving more than 7,000 synthetic identities and tens of thousands of credi cards. The largest ever bust out case to date? Multiplying.

Fraud 195

Fraud Cards Software Trends 195

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.

Data 134

Data Wisconsin Connecticut Florida 134

PYMNTS

MARCH 28, 2017

billion settlement between credit card networks Visa and Mastercard and merchants over their disputes concerning credit card processing fees. The case stems from a long-standing dispute between card networks and merchants over interchange fees when shoppers use their credit and debit cards in stores to pay.

Cards 100

Cards New York Groups Retail 100

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.

US 100

US New York City ATM New York 100

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.

Fraud 124

Fraud New York Taxes Cards 124