PYMNTS

NOVEMBER 20, 2020

Firms recognize that not all employees can receive payments into bank accounts, and these companies must therefore provide secure, convenient alternatives. Employers may also find it easier and cheaper to issue funds via payroll cards rather than checks because the former method spares them from printing and mailing physical documents.

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Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print. Looking Ahead in the BNPL Landscape.

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PYMNTS

FEBRUARY 6, 2019

When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had been struggling with what he called the entrepreneurial itch for a while. A bank in Singapore, for example, that wants to start issuing cards will be waiting for about nine months to finish that project.

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PYMNTS

MAY 13, 2020

The 28 additions add significantly to the 150 token requestor partners that had been included in Visa Token Service through the years since the service launched in 2014. The bad actors are eyeing eCommerce and specifically card not present transactions as promising attack vectors. The Click To Pay Transition.

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PYMNTS

JUNE 24, 2016

Global technical body EMVCo has released its updated report on the number of EMV chip payment cards, saying that the figure has increased 1.4 percent of all card-present transactions conducted globally between Jan. 2015 used chip technology, which was up slightly from 32 percent for the same period in 2014.

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PYMNTS

JANUARY 8, 2020

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S.

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PYMNTS

MARCH 31, 2020

The partnership enables CoinEx users to buy cryptocurrencies like bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and USDT with their Visa or Mastercard credit cards directly. Enabling fast and secure credit card payments is a key step to mass crypto adoption. The processing fee for Simplex is 3.5

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Bank Innovation

JUNE 23, 2016

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

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PYMNTS

DECEMBER 31, 2018

We have a major security effort at the company that hardens all of our surfaces.”. Retailer Hudson’s Bay got story started in early April with the disclosure that Saks Fifth Avenue and Lord & Taylor stores in North America had their payment cards compromised. The breach was believed to have seen 5 million cards compromised.

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PYMNTS

JULY 6, 2018

billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of shipments in “a growing number of territories,” the association said in an announcement. marking a twofold increase over 2014.

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PYMNTS

APRIL 28, 2016

is soaring the global demand for smart payment cards by as much as 34 percent, a new Smart Payment Association (SPA) report has found. billion chip cards were supplied — of which, 570 million were shipped to the U.S., marking a twofold increase over 2014. The shift to EMV in the U.S. Last year alone, over 2.06

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Cards Payments United States America 100

PYMNTS

NOVEMBER 13, 2020

Securities and Exchange Commission ( SEC ) on Friday (Nov. Authorities allege that over a period of years, Wells Fargo allegedly opened new credit cards and other accounts without permission for existing customers with different accounts, so as to meet “cross-sales” targets. Stumpf agreed to settle the charges by paying a $2.5

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PYMNTS

JANUARY 14, 2020

14) that participants in its Visa Token Service have processed eCommerce volumes of $1 trillion since the service’s debut in 2014, and that its transition of Visa Checkout merchants to click-to-pay will begin on Jan. Click-to-pay is interoperable with the EMVCo tokenization and the 3-D Secure specifications. Visa said on Tuesday (Jan.

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PYMNTS

JULY 4, 2018

The ETFMG Prime Cyber Security ETF, for example, has risen 18 percent this year, CNBC reported. The exchange-traded fund, which was founded in 2014, notched staggering returns of 31 percent following the Equifax data breach in 2017, twice that of the S&P 500 return during that same time period. consumers.

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PYMNTS

SEPTEMBER 13, 2017

While virtual cards (v-cards) can offer a secure and efficient way for businesses to pay travel suppliers, some industry players have highlighted a key pain point for the payment rail: For suppliers accepting v-cards , they still have to manually enter payment data. New reports on Tuesday (Sept.

Cards 100

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PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.

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PYMNTS

JULY 6, 2020

Indonesian payment processor Payfazz has secured $53 million in Series B funding, numerous media outlets reported Monday (July 6). In one, Indonesia-based travel and lifestyle platform Traveloka partnered with Bank BRI on a credit card for Indonesia’s underbanked population, as PYMNTS reported last fall. About 93 percent of U.S.

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Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. The following steps are expected of FIs: Maintain an information security program and risk assessment, Monitor Internet traffic to your website in order to detect an attack (establish a baseline so you can easily discern an increase in activity). FBI InfraGard.

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PYMNTS

APRIL 24, 2017

A Russian hacker was sentenced to 27 years in federal prison for stealing credit card numbers and selling the data online, according to The New York Times. Seleznev was convicted for running a credit card and identity theft business out of his homes in Indonesia and Russia. “This prosecution is unprecedented.”

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Cards US Seattle United States 118

Bank Innovation

AUGUST 11, 2016

The program, launched in May 2014, allows merchants who charge less than $1 million a year through American Express, to use one of 18 merchant processors to secure a lower discount rate. American Express today dispelled market rumors that it would expand its OptBlue program. Market participants tell Bank Innovation Read More.

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PYMNTS

SEPTEMBER 30, 2016

You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

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PYMNTS

JULY 27, 2016

Victims of an illegal credit card billing scam have started receiving checks from the Federal Trade Commission. According to the FTC, the operators of the illegal credit card scheme made unauthorized charges on the credit cards and debit cards of victims for internet services they didn’t get. billion.

Cards 100

Cards Fraud Operations Report 100

PYMNTS

APRIL 5, 2016

In the recent instance of the XSS security vulnerabilities that befell the online shopping cart Zen Cart, for example, the company acted quickly to solve its own problem. But the fact is that things don’t always sort themselves out, effectively, in the retail security game. Sometimes, that assumption is accurate.

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Retail Security Data United States 100

PYMNTS

MAY 11, 2020

Though the issue has captured a lot of attention lately as the demand for online grocery order for pick-up or delivery has become a critical priority for many consumers, giving food stamp ( SNAP program) recipients the ability to use their EBT cards online to pay for groceries is far from a new effort. The Emerging Grocery Landscape .

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Cards Online Mobile Payments 181

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. The hack could hurt Marriott’s reputation at a time when it’s fighting off the likes of Airbnb.

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PYMNTS

JUNE 17, 2019

Target faced a register outage that lasted for about 90 minutes on Sunday (June 16), which meant it couldn’t process cards or other forms of payment. The company also said that there was no security issue and that no payment or personal data was leaked. pay for things they wanted to buy in the store.

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Payments Security Retail Data 174

PYMNTS

MARCH 5, 2019

The company said that an alert was raised in September from an “internal security tool” that access to guests’ information had been attempted. An investigation then revealed that the unauthorized access had been happening since 2014. million encrypted payment cards were also taken in the attack. million passport numbers, 5.25

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PYMNTS

JULY 15, 2019

That fraud spans, among other methods, misuse of government credit cards and procurement payments, reported itnews.com. And when it comes to external fraud, 95 percent of external fraud can be traced to “one large entity” focused on payment card fraud. The report said the fraud had been identified and addressed. Grayson Jr.,

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PYMNTS

JULY 11, 2016

Late last week, The Register reported that 105 suspects of credit card fraud were arrested in Asia and Europe after a cybercrime ring was busted by authorities. The suspects are accused of using counterfeit credit cards to buy luxury goods, and house searches of the accused resulted in the discovery of 3,000 fraudulent payment cards.

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PYMNTS

AUGUST 24, 2020

This massive popularity is driving many digital-first banks to invest in more advanced interactive teller machines (ITMs), which connect customers with a human teller via videoconference and allow for more sophisticated banking activities beyond cash withdrawal, including card applications and account openings. Keeping ITMs Secure.

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ATM Fraud Security Video 154

PYMNTS

DECEMBER 4, 2018

These tourists, business travelers and others entrusted the Starwood hotel guest reservation database with details about their payment cards; home, work and email addresses; passport numbers and images; reward accounts and general travel habits. Fewer still cancelled their credit and debit cards. Good for them! Well, not really.

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Security Strategy Data Cards 172

PYMNTS

SEPTEMBER 28, 2016

The information stored inside your phone could soon be used to authenticate you to banks, credit card companies and other financial service providers. According to the Brazilian financial services firm, launched in 2014, it boasts a fraud rate just one-tenth that of larger banks and financial institutions. A Wider Mobile Future.

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Security Mobile Fraud United States 100

PYMNTS

JUNE 6, 2019

don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. Card issuers have been slow to release contactless cards due to limited acceptance at the point of sale. When contactless payments started gaining traction in the mid-2000s, there were rampant fears about security.

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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. may actually be putting users’ security at risk.

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. In September of this year, it was revealed that over 500 million Yahoo accounts had been compromised back in 2014.

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blockchain Cards Data Branding 100

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

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