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Live Nation Settles With DOJ Over Ticketmaster Antitrust Violation

PYMNTS

Live Nation Entertainment reached a deal with the government, resolving concerns that the company had violated a 2010 antitrust settlement. The agreement — which was set to expire in 2020 — bars Live Nation from forcing venues to use Ticketmaster when they want to book tours, as well as retaliating when a venue uses another ticketing service.

National 130
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US Mobile Adopts Digital Identity Protocols To Protect Against SIM Swap Fraud

PYMNTS

The telecommunications industry is but one of many sectors looking to more securely verify customers and avoid fraud, which remains a growing problem. One study found that these apps will outnumber phy sical identity cards by 2023, with this trend being driven largely by national ID programs in emerging markets. More than 6.2

Fraud 242
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Kohl?s Leans Into Digital During Pandemic Store Closures

PYMNTS

The retailer, for its part, has reopened approximately half of its stores throughout the nation. The company issued $600 million in notes due 2025, replaced as well as upsized its revolver to a $1.5 billion secured facility and managed its inventory receipts “meaningfully lower.”

Retail 235
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Video-Based KYC Fixes Its Gaze On Fraudsters

PYMNTS

As the new Digital Identity Tracker® states, “about 40 million bank customers in Thailand are expected to register for digital identity authentication under the country’s National Digital ID (NDID) program, which was recently expanded to more financial service providers. That’s expected to cost banks an $168.9 Timing Is Everything.

Video 204
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NRF Talks PIN-less EMV And POS Fraud

PYMNTS

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity.

Fraud 169
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Filtering Risk With a Bank Hedge Strategy

South State Correspondent

We estimate a high probability that after this current interest rate cutting cycle, which may end sometime in 2025, that higher inflation will result in the Federal Reserve having to move interest rates higher. Benefits of a Loan Hedge Strategy in 2025 The market is currently pricing two to three interest rate cuts in 2025.

Strategy 195
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Visa, NFL Continue Partnership Beyond Super Bowl LIII

PYMNTS

Visa and the National Football League (NFL), partners since 1995, will extend their collaboration through 2025 and work together to make a cashless Super Bowl a reality one day, Visa said in a release. Visa will be the preferred payment method across all NFL events, including for games, concessions and merchandise shops.

Payments 180