PYMNTS

DECEMBER 31, 2019

In data coming into the end of the year, Risk Based Security said hackers had accessed 7.9 Data compromised included email addresses, Social Security numbers and bank information. Hackers took data spanning bank accounts, Social Security numbers, credit cards and personal information. Millions of accounts hacked.

Data 145

Data social media Security Report 145

PYMNTS

MARCH 28, 2017

billion settlement between credit card networks Visa and Mastercard and merchants over their disputes concerning credit card processing fees. The case stems from a long-standing dispute between card networks and merchants over interchange fees when shoppers use their credit and debit cards in stores to pay.

Cards 100

Cards New York Groups Retail 100

PYMNTS

MAY 19, 2016

Now that the traditional swipe credit card is starting to fall out of favor in the face of EMV and mobile payments, software developers are scrambling to develop updated ways of authenticating consumers’ identities at the point of sale. ”

Illinois 108

Illinois Chicago System Security 108

Banking 2020

NOVEMBER 25, 2015

This has posed problems, not least the fact it’s the only country in the world where counterfeit card fraud losses are rising. Counterfeit card fraud to drop. In the UK, losses from domestic counterfeit card fraud fell straight away. Lost and stolen fraud will fall. CNP fraud will rise.

US 40

US Marketing Fraud Cards 40

NCR

DECEMBER 8, 2016

The arrival of chip and PIN cards was one of the biggest changes to consumer payments in a generation. Card spend up. New figures from the UK Cards Association show that the last ten years have seen a massive rise in consumers using electronic payments. But was EMV the cause of this rise in card spending?

Fraud 40

Fraud Cards Payments Industry 40

NCR

APRIL 12, 2016

The arrival of chip and PIN cards was one of the biggest changes to consumer payments in a generation. Card spend up. New figures from the UK Cards Association show that the last ten years have seen a massive rise in consumers using electronic payments. But was EMV the cause of this rise in card spending?

Fraud 40

Fraud Cards Payments Industry 40

PYMNTS

AUGUST 13, 2018

Bank will sell its card processing service, Elan. Elan processes cards for 1,800 banks in the U.S., providing payment services, credit card issuing, debit card processing and prepaid card and ATM services. and more than 13 million ATMs and debit cards. and more than 13 million ATMs and debit cards.

Data 100

Data ATM Cards Fraud 100

Javelin Strategy & Research

MARCH 27, 2015

A colleague of mine forwarded me an inbound email for an upcoming conference the other day titled “Chip Cards to Result in Massive Online Fraud”, asking where I stand on this, as if he didn’t know that this was effectively lighting the blue touch paper on a Roman Candle and running for cover.

Fraud 40

Fraud Cards US Online 40

PYMNTS

SEPTEMBER 27, 2017

Justin Lavelle, communications director of BeenVerified.com and a frequent writer on how to avoid scams, noted that even back in 2005 (practically the dark ages when it comes to the internet), while the U.S. Despite the misleading “secure” designator “https,” Darrin Edelman, Token of Trust CEO, says this is a fake. Just don’t.

social media 130

social media Security Taxes Operations 130

PYMNTS

DECEMBER 13, 2018

The good news — and there is always good news — is that merchants, card networks, issuers and others in the payments and commerce space have pretty good technology, too (or, at least, theoretical access to it), and that prevention of crime provides ample room for innovation. He described the current era as “Fraud 3.0.”.

Fraud 160

Fraud Innovation Cards Payments 160

Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

APRIL 29, 2019

And it’s why plastic cards still rule at the physical point of sale, even though there are more contactless POS terminals than ever before. Plastic cards and the card rails are reliable and certain, at the physical store as well as online. Consumers stick to what they know will deliver a predictable outcome.

Online 162

Online Retail Study Cards 162

Banking 2020

JANUARY 25, 2016

Facial recognition technology is taking off, while card-less payments using palm vein authentication technology are now possible. One of the chief advantages of biometrics is security – passwords and PINs can be compromised, allowing criminals easy access to accounts and cash. In truth, no security system is 100 percent safe.

Security 40

Security System Technology New York 40

Fintech Labs Insights

JANUARY 12, 2016

Card-not-present (CNP) fraud and chargebacks cost retailers and issuing banks billions of dollars and lost time. To mitigate these losses, Ethoca created a network to help both parties reduce fraud and customer dispute losses. Founded: 2005. Network contains: 44 global, direct card issuers. 500+ credit unions.

Fraud 12

Fraud America Cards Retail 12

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. WrkRiot’s short-lived house of cards falls down. The Outcome.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

SEPTEMBER 30, 2016

That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. Counterfeit fraud has declined by more than 50 percent compared to the same period a year earlier. Those are the more cheerful figures.

Fraud 100

Fraud Cards United States Payments 100

Fintech Labs Insights

OCTOBER 16, 2016

In a new partnership , Jack Henry & Associates has integrated with Visa to allow customers to send P2P payments directly to a recipient’s Visa debit card. Jack Henry began offering P2P payment capability in 2005 and expects the new method to boost usage. Mastercard is the runner-up: 71% of cards issued contain an EMV chip.

Trends 12

Trends Fintech blockchain America 12

FICO

APRIL 17, 2021

In the film, volatility levels in mortgage-backed securities are exceeding historical levels. The story begins in 2005, when a contrarian hedge fund manager theorizes that – because of the widespread popularity of high-risk subprime loans – the United States’ housing market has become extremely unstable, teetering on near-collapse.

Data 139

Data Analytics Management Meeting 139

CB Insights

JUNE 6, 2019

Founded: 2005. Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. Dart Music.

Apple 78

Apple Branding Google Company 78

PYMNTS

AUGUST 28, 2017

Virgin Islands cards and its cards offered in the 50 U.S. With the hacked phone number secured, they can then use it to reset the consumer’s digital accounts on any online portal where the phone is used as a back-up. “My Cybercriminals seem to prefer to target cryptocurrency users and traders for this particular form of fraud.

Puerto Rico 116

Puerto Rico Virgin Islands cryptocurrency Arizona 116

CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. A most-wanted founder. via Business Insider.

Capital 78

Capital Company San Francisco Operations 78

CB Insights

MAY 15, 2019

Companies are turning to accelerators, funds, and labs to try to find the next big thing that will reduce fraud, speed up transaction times, and catch on with consumers. Founded: 1999 and 2005. Financial institutions using it can decrease errors, fraud, and processing times while improving workflows.

Innovation 78

Innovation blockchain Technology Groups 78

PYMNTS

JANUARY 7, 2019

And, yes, this likely sounds blasphemous from someone who’s been beating the mobile payments drum since 2005, well before the iPhone and the App Store changed how consumers, retailers and payments players all use mobile devices. Leave Mobile Payments, Embrace Ambient Commerce. I’m glad I got your attention. Consider this.

Mobile 205

Mobile Innovation Apple Study 205