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

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

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.

Cards 181

Cards Online Mobile Payments 181

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

MARCH 31, 2016

This week, PYMNTS, in collaboration with Socure , released the March edition of the PYMNTS.com Digital Identity Tracker TM , featuring all new research surrounding the increase in online fraud fueled by the increase in EMV card chip tech adoption. There is a 15% year-over-year increase of money spent online.

Fraud 100

Fraud Online Resources Survey 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

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

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

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

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

Chris Skinner

FEBRUARY 14, 2017

Some were more visual – a marketing magazine online – but none were interactive. Jim Maxey, who ran Event Horizons, employed ten people simply to scan photographs, format them, and put them online for download. Wired, Bloomberg and IMDB launched websites in 1993, and more followed. But these websites were mainly providing information.

Online 211

Online Maine Google Retail 211

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

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

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

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

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

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

PYMNTS

NOVEMBER 11, 2016

The chain fell victim to a widespread malware attack that stole customer payment information for more than a year, from May 2014 to June 2015. First, the bank’s fraud system detected suspicious activity , which led to thousands of customer cards being blocked from usage. The National Cyber Security Centre (NCSC) in the U.K.

Las Vegas 173

Las Vegas Fraud Honolulu Cards 173

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.

Payments 174

Payments Security Retail Data 174

PYMNTS

JUNE 1, 2017

announced that its quick, safe and secure payment method, Visa Checkout, has launched in the U.K., According to Finextra , Visa Checkout allows consumers to securely store shipping and payment details without having to re-enter information while shopping online. in 2014 and has expanded into 23 countries, most recently Poland.

New York 101

New York Security Cards Online 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

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

PYMNTS

DECEMBER 1, 2020

It’s not that the Japanese don’t have credit cards. The opportunity is ripe to introduce innovative payment solutions that combine access to credit without the stigma attached to cards. After launching its first “buy-now-pay-later” product in 2014, the Japanese FinTech has followed up with Paidy 3-Pay. Enter Paidy.

Cards 168

Cards Online Payments Tools 168

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

DECEMBER 5, 2018

That’s what led him to Goodworld, an online platform that removes the friction from digital donations, making them possible (and secure) by using hashtags. In fact, the company, which launched in 2014 and is based in Washington, D.C., Such a process can lead to online amplification for the charitable cause.

social media 187

social media Online Maine Payments 187

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.

Security 172

Security Strategy Data Cards 172

PYMNTS

AUGUST 12, 2019

The latest Subscription Commerce Tracker explores how subscription-based businesses are adapting to an ever-changing market, and how they keep their payments experience secure and how new models are emerging to stay competitive. What Security Means For Subscriptions.

Retail 118

Retail Video Security Software 118

PYMNTS

AUGUST 22, 2018

Native apps are boring and the web is not dead, said Sir Tim Berners-Lee in November of 2014, on the 25 th anniversary of the commercial web. The Payment Request API And Secure Remote Commerce. The idea is that SRC will further a standard for secure transacting on the web via the mobile browser.

Payments 129

Payments User Experience Security Online 129

PYMNTS

JUNE 19, 2019

But challenges remain, not the least of which include securing the emerging ecosystem for those connected cards and trucks. Domino’s had already enabled in-car ordering with Ford’s Sync AppLink back in 2014. In fact, Pizza Hut’s claim to fame is that it sold its first online order way back in 1994. Commerce Wave.

Retail 163

Retail Security Google Survey 163

PYMNTS

SEPTEMBER 9, 2019

The worldwide shift to move government services online has paid dividends, resulting in greater accessibility and money saved. The government proposed the Australia Card , a national ID card system that was ultimately shelved due to widespread public opposition, in 1980. Keeping myGovID secure. What is myGovID?

Security 100

Security System Cards Online 100

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Casualties of these breaches in the first half of 2019 alone include 4.1

Fraud 148

Fraud Security Resources Survey 148

PYMNTS

JULY 25, 2017

The impact of online fraud reaches far beyond the dollar count of sales lost. . In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. .

Fraud 120

Fraud Retail Cards National 120

CFPB Monitor

MAY 12, 2021

The Durbin Amendment (Section 1075 of Dodd-Frank) authorized the Fed to issue regulations to ensure that the amount of any interchange fee received by a large debit card issuer (one with at least $10 billion of assets, together with its affiliates) is reasonable and proportional to the cost incurred by the issuer. In 2014, in NACS v.

North Dakota 78

North Dakota Cards Regulation Fraud 78

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. The last one, published in Jan 2014, featured 50 innovations (see below).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

JUNE 1, 2020

Losing customers can be as easy as experiencing one too many online glitches, however, which can drive clients into the competition’s arms. We do not think in a traditional sense that one bank account equals one user equals one card. This is similar to the card aggregation solutions that fellow FinTech Curve offers.

Innovation 132

Innovation Strategy Innovation Strategies Security 132

PYMNTS

SEPTEMBER 10, 2019

Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate an energy company’s CEO to falsely request money could give security professionals nightmares. There’s no question the world is moving in a digital direction.

Wyoming 136

Wyoming District of Columbia Colorado Idaho 136

Banking 2020

OCTOBER 9, 2015

Cases of card not present (CNP) fraud are continuing to rise across all corners of the globe, as EMV forces criminals away from traditional fraud channels. million in 2014 – up ten per cent year on year. million in 2014 – up ten per cent year on year. The latest evidence for this trend comes from Australia.

Fraud 40

Fraud Cards Security System 40