2003 Fraud Security Technology 
South State Correspondent
OCTOBER 25, 2023
After World War II, checks were the hot payment technology and helped fuel the boom that followed. The process was sped up by technology and legislation in the 70’s and 80’s so checks could be scanned and presented faster, but the process remained costly. Checking accounts in the U.S. From there, checks steadily declined.
PYMNTS
FEBRUARY 10, 2017
Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. While they can’t be used to create a chip-based card, they allow enough data to be passed to create dummy magnetic cards that can then be used to perpetrate fraud.
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CFPB Monitor
MARCH 10, 2022
Titled “ Executive Order on Ensuring Responsible Development of Digital Assets ,” the Order is described by the White House as “outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.”.
NCR
JULY 28, 2017
The ongoing development of digital technology has created unprecedented choice and freedom for consumers in how they manage their financial affairs. As people complete more financial tasks and transactions via digital channels, there is more scope for fraudsters to exploit the weakest links in security. An escalating threat.
PYMNTS
MAY 15, 2019
The bug affects Windows 7, Windows Server 2008, Windows 2003 and Windows XP. This is certainly one to take seriously,” said Chris Coulter, vice president of technology with BlackBerry’s Cylance security group. Windows 10 and Windows 8 users won’t be affected by the flaw, Microsoft said.
PYMNTS
JULY 12, 2019
Mobile devices enable fast and secure access to services, many of which are solely available online. Smartphones are currently unable to store government-issued IDs like passports or drivers licenses due to the extensive cryptography necessary to prevent fraud. Governmental Mobile ID Initiatives. Teething Issues.
Fintech Labs Insights
APRIL 12, 2024
Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)
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