PYMNTS

AUGUST 5, 2020

The degree to which COVID-19 has converted consumers to digital channels is very visible with a quick glance at the data. But Horton said it presents a big challenge as well, as the great surge of online consumers has come with an equally great surge of online fraudsters looking to lift the newbies’ data. The New Data Black Market.

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Security Fraud Data Online 267

PYMNTS

JANUARY 14, 2020

In financial services, demand for ease of use and security are sky-high, even for business customers. But cloud migrations are often complex, particularly when it comes to remaining compliant with the mounting regulatory initiatives designed to address growing security risks in the financial services arena.

User Experience 253

User Experience Security Payments Compliance 253

PYMNTS

AUGUST 14, 2020

But Co-Founder and CEO Yitz Mendlowitz told Karen Webster in a recent conversation on 3-D Secure 2.0 Prior to COVID-19, we were telling people that over the next five years, remote-commerce, card-not-present transactions will exceed in-store, card-present transactions,” Mendlowitz said. data they can do exactly that. “If

Cards 293

Cards Fraud Retail Security 293

PYMNTS

DECEMBER 16, 2020

As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce. Barclaycard Debuts V-Card For Expense Management.

Cards 286

Cards Innovation Management Payments 286

PYMNTS

APRIL 22, 2020

Paay, a startup credit card database storing millions of transactions, has been unsecured for weeks and only now closed again, according to a TechCrunch report. Paay’s mistake was not having a password installed on its server, which allowed anyone to see the data inside. million transactions were residing on the server.

Cards 243

Cards Payments Fraud Data 243

PYMNTS

MAY 22, 2020

Moreover, all demographic groups are far more likely to use phone than email or chat to reach card service departments — and this method is associated with higher satisfaction and resolution rates. Billing issues and payments is the most common reason, cited by 29 percent of cardholders, followed by fraud and data security, cited by 23.8

Cards 216

Cards Data Millennials Report 216

PYMNTS

OCTOBER 2, 2020

Adhering to Payments Card Industry (PCI) Data Security Standards (DSS) is an unavoidable requirement for any and all eTailers that accept card payments, but a surprising number of firms are not up to speed on these standards. The need for digital security has never been more paramount than during the COVID-19 crisis.

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Compliance Data Report Meeting 243

PYMNTS

MARCH 5, 2020

Telecom giant T-Mobile suffered a data breach that exposed the personal information of employees and customers to unknown hackers, according to reports. “We The company didn’t reveal how many people were affected, but it said financial information like credit cards and Social Security numbers were not affected. “We

Mobile 263

Mobile Data Fraud Security 263

PYMNTS

OCTOBER 1, 2020

The plastic card, by necessity, is giving way to digital cards, and mobile apps are bringing card-not-present transactions, increasingly, to mobile devices. She said there are a number of basic pillars that should be in place in order to have an effective mobile card app, where cardholders and issuers interact.

Mobile 266

Mobile Cards Security Fraud 266

PYMNTS

JULY 27, 2020

The FinTech on Saturday (July 25) confirmed the data breach after reports emerged that details involving as many as 7.5 million banking users had been exposed on a forum used by hackers to sell and swap ill-gotten data. In a blog post, Dave blamed the data breach on Waydev, a former third-party service provider.

Data 246

Data Fintech Report Security 246

PYMNTS

NOVEMBER 23, 2020

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. Last week, the Department of Justice gave the green light to Mastercard’s $825 million acquisition of data aggregator Finicity.

Data 293

Data Innovation Big Data Marketing Strategies 293

PYMNTS

NOVEMBER 27, 2020

Remote onboarding has overtaken (some might say overwhelmed) banks and merchants all year long as a deluge of faceless applicants opened accounts and cards. Financial institutions (FIs) and other issuers need more assurance than they’ve been getting, however, as cyber scams founded on false identities and bogus accounts are through the roof.

Security 269

Security Study Mobile Data 269

PYMNTS

JUNE 24, 2020

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. Telegram reportedly said much of the leaked data ended up being outdated, with 84 percent of it being collected before mid-2019 and around 60 percent of it being inaccurate.

Data 288

Data Fraud Report Cards 288

PYMNTS

NOVEMBER 23, 2020

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Visa and Conferma Pay said Monday (Nov. Three Components .

Cards 287

Cards Payments Mobile Management 287

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. PAAY provides strong authentication at the front door and Bluefin encrypts and tokenizes the data at the point of interaction on the web. Getting the European Union on the path to 3D Secure 2.0

Security 233

Security New York Atlanta Fraud 233

PYMNTS

DECEMBER 10, 2020

TSYS , a payment processing company, has suffered a ransomware attack and had some data posted online, according to a report from Krebs on Security. However, TSYS said the malware didn't jeopardize card data and that the attack had only targeted the company's administrative wing. "We Columbus, Ga.-based

Online 226

Online Data Columbus Cards 226

PYMNTS

FEBRUARY 23, 2020

Revolution Payments is streamlining the process of commercial cards and interchange fees with its new NetSuite Level III Credit Card Processing Solution, the company announced on Friday (Feb. The NetSuite card processing solution simplifies payments and reduces the interchange cost of accepting commercial cards by up to 43 percent.

Cards 224

Cards Payments Maryland Data 224

PYMNTS

OCTOBER 1, 2020

The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. Streamlining all of that data collection and transmission – and how it is presented to users – requires standards, said Turner.

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Cards Management Tools Guidelines 249

PYMNTS

MAY 19, 2020

Sen told The Hacker News that the exposed data included account login cookies and archives containing data from the servers and users. If exploited, The Hacker News said, it potentially could have allowed attackers to place a digital skimmer into the company’s official website to steal users’ payment card details in real time.

Data 234

Data Branding National Report 234

PYMNTS

OCTOBER 7, 2020

As merchants accelerate their digitization roadmaps, the volume of data they’re able to work with increases. But data in payment transactions provides an often-untapped opportunity for merchants to optimize their payment operations and grow their businesses, Tony Wimmer , head of data analytics for J.P. Growing Your Business.

Data 258

Data Analytics Payments Operations 258

PYMNTS

SEPTEMBER 22, 2020

Two Shopify employees stole data from over 100 merchants, possibly exposing data from consumers who shopped on web stores using the company's eCommerce software, according to the company, Bloomberg reported. Shopify confirmed that complete card information and other sensitive personal financial information weren't part of the scheme.

Data 238

Data Retail Software Security 238

PYMNTS

NOVEMBER 30, 2020

Other major reasons holiday shoppers gave for doing their shopping online this year included being able to access lower prices, it takes too long to get in and out of stores and believing that data security was stronger online. More consumers used debit cards and PayPal to shop on Black Friday this year. This compares to 45.1

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Data Online Cards Google 321

Bank Innovation

DECEMBER 13, 2019

In this episode, Suman Bhattacharyya, senior editor, and Angely Mercado, associate editor, discuss the following news developments: Corporate card and financial product startup Brex’s marketing strategy; Inspired Capital’s recent investment in business banking platform Rho; and […].

Strategy 243

Strategy Branding Video Marketing Strategies 243

PYMNTS

JANUARY 3, 2021

T-Mobile has told some customers of a “security incident” in which a malicious party “may have impacted some of your T-Mobile account information.”. Customers whose call data has been compromised, even if their names haven't been obtained, are at heightened risk of attacks such as phishing by bad actors pretending to be mobile carriers.

Mobile 213

Mobile Data Taxes Security 213

PYMNTS

DECEMBER 7, 2020

At a time when 80 percent of apps ask for (and are usually given) users’ geolocation data, the fact that most mobile banking applications still don’t is unacceptable, GeoGuard CEO David Briggs told Karen Webster in an interview. So, the company simply promises to never share or sell location data to third parties. A Rude Awakening.

Fraud 232

Fraud Data Detroit Security 232

PYMNTS

JULY 24, 2020

Hundreds of thousands of Instacart customers are having their personal data sold on the dark web, including the last four digits of their credit cards, and the data could include people who used the popular delivery app as recently as this week, according to a BuzzFeed News report. Instacart said that had never happened.

Data 216

Data Report Security Tools 216

Perficient

JUNE 3, 2020

Ransomware has become one of the most common and lucrative forms of malware, recently eclipsing even credit card theft incidents. Recent ransomware attacks include data exfiltration, that is then held for ransom. Correlate Data from Multiple Sources: Splunk’s real power derives from its ability to correlate data from multiple sources.

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Security Big Data Data Analysis 332

Abrigo

SEPTEMBER 23, 2024

Critical practices for individuals and organizations to protect their data The National Public Data breach serves as a reminder to all of us that proactive measures are necessary to safeguard our personal information. DOWNLOAD Takeaway 1 The National Public Data breach exposed over 2.7 Stay up to date with cybersecurity threats.

National 195

National Data Fraud Security 195

PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Samsung introduced its payments tool in 2015 with MST (Magnetic Secure Transmission) technology as well as Near Field Communication (NFC), a newer technology. has seen slow adoption compared to other regions.

Samsung 230

Samsung Management Cards Regional 230

PYMNTS

JANUARY 12, 2021

In a discussion with Karen Webster, Barker and Pettican explored the rise of consumerization of B2B payments and how virtual cards are supporting this evolution without forcing finance chiefs to give up the control and security that is so vital to successful corporate payments. Expanding The Virtual Card Value Prop.

Cards 228

Cards Payments Technology Analytics 228

PYMNTS

OCTOBER 23, 2020

Leavitt , founder and CEO of Boost Payment Systems , told PYMNTS in a recent Masterclass that businesses large and small that have traditionally relied on the manual processes associated with writing checks or wiring funds to pay their suppliers are increasingly using commercial credit cards for payment instead. The Sum Of The PARTS .

Cards 207

Cards Payments Data Examples 207

PYMNTS

OCTOBER 16, 2020

million fine for lacking the proper security measures that might have prevented a hacker in 2018 from exposing the financial details of more than 400,000 customers, the U.K.'s People entrusted their personal details to BA and BA failed to take adequate measures to keep those details secure,” said Information Commissioner Elizabeth Denham.

Data 209

Data Security System Cards 209

PYMNTS

SEPTEMBER 23, 2020

The virtual card can be a valuable payment solution for the enterprise thanks to the technology's security features and mobility. Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Aussie Alt-Lender Execs Team Up For Corporate Card.

Cards 219

Cards Mobile Payments Lending 219

PYMNTS

JANUARY 19, 2021

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers.

Cards 234

Cards Payments Management Security 234

PYMNTS

JULY 2, 2020

And it’s a double-whammy for firms, including small and medium-sized businesses (SMBs), as they are very much on the hook for data security. Solving for data compliance while reinventing with new digital tools is just one of the key themes found in the June 2020 Merchants Guide To Navigating Global Payments Regulations.

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Compliance Data Regulation Online 223

South State Correspondent

AUGUST 1, 2022

When it comes to future success in data management in banking, the same rules apply. Your strength is your data, and your success comes from defending your data and applying your data at various angles – to credit, fraud, marketing, and understanding both your employees and customers. Data Is Expensive.

Data 195

Data Tools Management Analytics 195

PYMNTS

DECEMBER 31, 2020

Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. Key Data Points: 46 percent of SMBs experienced an increase in demand for their products or services. Key Data Points: It takes only 78.5

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Data Innovation Payments Millennials 277