PYMNTS

SEPTEMBER 15, 2020

“With the increasingly high numbers of online shoppers in the wake of COVID-19 , we are committed to providing solutions that lay the groundwork for the next generation of simple, secure and better ways to pay,” Stacey Madge , president and country manager of Visa Canada, said in the announcement. The news comes as Visa said on Jan.

United States 291

United States Security Retail Cards 291

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.

Cards 110

Cards United States America Payments 110

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

Cards Taxes Mobile Payments 100

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.

Cards 189

Cards Retail Payments Marketing 189

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

Cards 100

Cards Payments United States America 100

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.

Cards 109

Cards Fraud Regional Training 109

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.,

Fraud 109

Fraud Cards Taxes Payments 109

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.

Security 250

Security Cards Payments Data 250

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised.

Security 109

Security Data Fraud Regulation 109

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.

New York 170

New York Security Cards Retail 170

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.

Fintech 474

Fintech Trends Apple South Dakota 474

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.

Security 100

Security Data System Operations 100

PYMNTS

OCTOBER 1, 2019

The new system — which rebates the tax increase in some stores when paying with a card rather than cash — will run until June 2020. The aim is to prevent a recession like the one that happened in Japan after the tax was increased from 5 percent to 8 percent in 2014. While there were some system problems reported on Tuesday (Oct.

Taxes 101

Taxes System Retail Security 101

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

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Or watch its digital disruption. Sophisticated Threats.

Security 100

Security CA Payments Big Data 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.

Retail 100

Retail Security Data United States 100

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.”

Cards 118

Cards US Seattle United States 118

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.

Cyber Security 122

Cyber Security Security Cards Resources 122

CFPB Monitor

OCTOBER 7, 2015

Like the 2014 list , one of the challenges identified by the OIG is the need to ensure that the CFPB has an effective information security program. The OIG identified four high-priority security risk areas for CFPB improvement: Continuous monitoring to assess security controls and system configurations.

Security 60

Security Training Resources System 60

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.

ATM 154

ATM Fraud Security Video 154

Javelin Strategy & Research

MAY 2, 2014

2. . - OnBudget piggybacks on the popularity a product consumers love – prepaid cards – and bundles a dead-simple PFM experience. Stocks, IPOs, and large real estate investments are all mainstream in 2014, as startups empower a new wave of everyday consumers with investment tools. Authentication is hot.

Trends 56

Trends System Mobile Maine 56

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.

Fraud 88

Fraud Cyber Security ATM FDIC 88

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

Fraud 230

Fraud California Community Bank Security 230

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.

Fraud 100

Fraud Cards ATM Groups 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. may actually be putting users’ security at risk.

Security 100

Security Data US Trends 100

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.

Security 100

Security Mobile Fraud United States 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.

blockchain 100

blockchain Cards Data Branding 100

PYMNTS

OCTOBER 28, 2019

A security researcher discovered that credit card-stealing malware was inserted into the code of the American Cancer Society’s online store, according to TechCrunch. It was meant to scrape credit card numbers for sale on the dark web or other malicious activities. The code was removed on Friday (Oct.

Groups 101

Groups Cards Security Analytics 101

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.

Data 230

Data Security Tools Cards 230

PYMNTS

OCTOBER 28, 2019

A security researcher discovered that credit card-stealing malware was inserted into the code of the American Cancer Society’s online store, according to TechCrunch. It was meant to scrape credit card numbers for sale on the dark web or other malicious activities. The code was removed on Friday (Oct.

Groups 100

Groups Cards Security Analytics 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.

Security 101

Security Compliance Data Cards 101

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.

Capital 211

Capital Groups Report Mobile 211

PYMNTS

OCTOBER 18, 2019

Mastercard is collaborating with four eCommerce retailers — WHSmith.co.uk, Funky Pigeon, Cult Pens and The Card Gallery — to offer the Pay by Bank app to online shoppers, Mastercard announced in a press release on Friday (Oct. PbBa is designed to work with the security of a consumer’s own bank.

Retail 116

Retail User Experience ATM Security 116

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 .

Cards 181

Cards Online Mobile Payments 181

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

Security 142

Security Report Tools Cards 142

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.

US 140

US Apple New York City Cards 140

PYMNTS

FEBRUARY 2, 2017

“After five years of relatively small growth or even decreases in fraud, this year’s findings drives home that fraudsters never rest and that when one area is closed, they adapt and find new approaches,” said Al Pascual, senior vice president, research director and head of fraud & security, Javelin Strategy & Research, in the press release.

Fraud 100

Fraud Strategy Cards Security 100