PYMNTS

AUGUST 12, 2016

credit arena, as evidenced by card usage and payments. credit card ABS (that means asset-backed securities, which are fixed-income vehicles offering up cash flow from pooled credit card accounts) are performing nicely, with payment rates tied to a Fitch index on the upswing. The firm said the performance of U.S.

Cards 100

Cards Payments Retail Security 100

PYMNTS

JULY 27, 2016

Victims of an illegal credit card billing scam have started receiving checks from the Federal Trade Commission. According to the FTC, the operators of the illegal credit card scheme made unauthorized charges on the credit cards and debit cards of victims for internet services they didn’t get. billion.

Cards 100

Cards Fraud Operations Report 100

PYMNTS

MARCH 18, 2020

The group injected malicious credit card-skimming malware on the blender maker’s payment pages and swiped personal details like card numbers, names, billing addresses, expiration dates and card verification numbers. RiskIQ was founded in 2009 by Brad Byrd, Chris Kiernan, David Pon and Elias Manousos.

San Francisco 140

San Francisco Groups Cards Security 140

PYMNTS

AUGUST 11, 2016

A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. The proposed rule called for money stored on prepaid cards to count toward the requirement on the part of the U.S. In 2009, the U.S.

Cards 100

Cards Millennials Industry Tools 100

PYMNTS

AUGUST 19, 2019

Here are some examples of restaurants and retailers that have bounced back from mobile data breaches and what they are doing to ensure security. The fast-casual restaurant was an early mobile adopter, launching an iPhone ordering app in 2009. Security Solutions. Other restaurants are turning to biometrics to increase security.

Mobile 159

Mobile Fraud Security Data 159

CFPB Monitor

FEBRUARY 4, 2015

Tasca Today, the CFPB entered a consent order that requires subprime credit card company, Continental Finance Company, LLC (“Continental”), to refund an estimated $2.7 million to consumers who were charged alleged illegal credit card fees. CFPB Enforcement CARD Act CFPB credit cards deceptive'

Cards 60

Cards FDIC Company Security 60

Chris Skinner

MARCH 15, 2017

Building on my challenger bank discussions, there’s some interesting points coming out of a new report by Price Waterhouse Coopers (or Playing the Wrong Cards as they’re now called, after the Oscars) on challenger banking. It’s well worth a read, especially as they found that having branches is more important than mobile apps.

Regulation 291

Regulation Retail Survey Mobile 291

PYMNTS

OCTOBER 30, 2020

FIs were fined more than $17 billion in penalties between 2009 and 2019 for improper AML procedures, for example, including major players like Commonwealth Bank of Australia, Deutsche Bank and Goldman Sachs. This gives merchants the evidence they need to dispute chargebacks when credit card companies approach them to recoup their losses.

Operations 228

Operations Payments Compliance System 228

PYMNTS

FEBRUARY 12, 2018

ANZ, one of Australia’s largest banks, is set to doll out nearly $8 billion in refunds to small business customers using the FI’s commercial card products. 9) said the refunds will be paid out across 52,000 credit card accounts held by business customers as a result of failure to disclose fees and interest charges.

Cards 116

Cards Lending National Report 116

Bank Innovation

FEBRUARY 28, 2017

Bank Innovation today released a beta of its relaunch, the most significant rebuilding of the site since its start in 2009. Let us know what you think of the rebuilt site by emailing info@bankinnovation.net.

Innovation 150

Innovation US social media Operations 150

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. No, we’re not talking about the launch of Square – that was in February of 2009. and was followed by the great cybercriminal migration to the web and card-not-present transactions. True in 2009. In The Beginning.

Innovation 177

Innovation Payments Cards Retail 177

PYMNTS

APRIL 8, 2019

“Because loss rates today are low and competition for high-score borrowers is fierce, lenders may be tempted to lower their credit standards without appreciating that the 660 credit-score borrower today may be relatively worse than a 660-score borrower in 2009.”.

Analytics 174

Analytics Report Lending Retail 174

PYMNTS

OCTOBER 21, 2019

The world of 2009 was starkly different, a far less optimistic place. Though the Great Recession was technically “over” by the middle of 2009, few people living in the real economy felt that fact in their daily lives. When people asked “what’s next?” in the year 1999, they were generally pretty excited to hear the answer.

Innovation 131

Innovation Payments Apple Mobile 131

Abrigo

APRIL 18, 2022

The innovative world of digital assets has made big strides since its inception in 2009. On the flip side, Ukraine is demonstrating that digital assets used legitimately have a powerful impact, and cryptocurrency is unmatched as a quick, secure payment method. Rapid Growth. The rise of digital assets. Promote U.S. dollar and U.S.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

Bank Innovation

MARCH 6, 2017

Today, Bank Innovation releases its most significant redesign and relaunch since the site initially dropped online in 2009. We hope you love the new Bank Innovation. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we were the lone voice for innovation at banks.

Innovation 150

Innovation Online social media Operations 150

Bank Innovation

FEBRUARY 28, 2017

We have undertaken our most significant redesign and relaunch since Bank Innovation initially dropped online in 2009. This beta officially kicks off today and marks a new chapter in the life of Bank Innovation. We hope you love it. When we started Bank Innovation, while the crosswinds of the credit crisis were still swirling, we […].

Innovation 150

Innovation Online social media Operations 150

PYMNTS

FEBRUARY 1, 2021

An article published in the Harvard Business Review in August of 2009 posed a question that many airline and travel industry CEOs are pondering 11 years later: Will videoconferencing kill business travel? The answer in 2009 was, probably not. Payments will make all of these B2B commerce encounters easy, efficient and secure.

US 345

US Innovation Video Maine 345

PYMNTS

SEPTEMBER 3, 2019

The most transformative innovations in payments and commerce over the last decade are mostly the result of innovators making what was once visible, invisible: payments, stores, merchants, brands, issuers, even card networks. In 2009, Uber made payments disappear. The Invisible Innovators . All at their convenience – and on their time.

Innovation 223

Innovation Payments Branding Cards 223

PYMNTS

APRIL 19, 2016

Chargent has been live since 2009. In a press release , linked2pay noted that this payments gateway is geared toward both B2B and B2C merchants and can be used across ACH and credit card transactions.

Payments 100

Payments Guidelines Innovation Compliance 100

PYMNTS

AUGUST 5, 2016

The suspects range in age from 23 to 49 and are accused of not only stealing the funds, but also using fake credit cards from ATMs as well. The transactions data suggests that the criminals leveraged generic cloned cards to withdrawal cash from ATMs and that the cards contained data from a South African bank.

ATM 100

ATM Groups Cards Data 100

PYMNTS

JULY 13, 2016

First Commercial Bank confirmed that its security footage shows the culprits walking away from the machines with bags packed with cash drawn right from the ATMs. “ATM crimes were not uncommon, most of them using fake cards or cheating people out of their money using their debit or credit cards on ATMs,” a police officer said.

ATM 100

ATM Groups Cards Security 100

PYMNTS

OCTOBER 2, 2017

It’s a sure bet that these stolen card numbers are going to bad homes. Last week, Krebs on Security reported that the flood of cards has created yield a “fire sale” of data on the dark web , specifically in a bazaar called Joker’s Stash, where there were some five million new cards available to purchase.

Oklahoma City 110

Oklahoma City America Cards Oklahoma 110

PYMNTS

AUGUST 27, 2018

Credit card debt made it over the $1 trillion mark in 2017, making it the third non-mortgage lending category to have surpassed the ten-digit mark in measuring consumer debt. According to the Financial Times , the good news is that delinquent credit card debt, overall, remains low. In fact, at 3.4

Data 103

Data Cards Millennials Groups 103

Abrigo

JULY 22, 2022

Takeaway 1 Cryptocurrency has been able to offer good interest rates on high-yield savings accounts and secured loans with no credit check. . As recently as last fall, consumers could stash certain digital assets in a savings account and earn upwards of 10% interest, or even use cryptocurrency to secure a loan without a credit check.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

PYMNTS

MAY 10, 2017

That’s a startling 260 percent from lows seen in March 2009, when the reading was a paltry 666. Nonetheless, the impact is the same: As the value goes up, people feel more secure in their own wealth, financial security, or perception of the same. There’s the wealth effect…and then there’s the opposite effect.

Capital 100

Capital Security Marketing America 100

PYMNTS

SEPTEMBER 14, 2016

In a world where transactions now take seconds rather than minutes, hours or days to process and approve, the prevention controls must be exercised in real time with intelligence applied across the medium of channels that might be used in today’s digital world, including cards and online banking transactions. million in 2007 to £52.5

Fraud 100

Fraud Payments Customer Experience Exercises 100

PYMNTS

AUGUST 26, 2016

businesses as part of a plot to steal and sell credit card numbers. 2009 to Oct. During that time, Seleznev hacked into retail point-of-sale systems and installed malware to steal credit card numbers from businesses. million credit card numbers. The hack is estimated to have cost upwards of $169 million. Secret Service.

Nevada 100

Nevada Georgia Washington Fraud 100

PYMNTS

AUGUST 5, 2019

Perhaps that’s why, in the midst of the seemingly never-ending stream of headlines about data breaches, account takeovers, stolen credit cards and online fraud , the notion of “check fraud” seems something of an outlier for the up-and-coming fraudster looking to make a decent living. Mobile Check Capture Circa 2009.

Fraud 162

Fraud Payments Mobile Handbook 162

PYMNTS

MARCH 2, 2020

As of the 1990s, paying with paper was already in its death throes, displaced by debit cards, which did everything a check could do but faster, cleaner and more securely. In terms of consumer payments, the check has long since been ditched by all but the diehards.

Payments 178

Payments Florida Management Cards 178

PYMNTS

JULY 26, 2016

The alliance, according to both companies, will focus on “building commerce technology solutions for merchants and facilitating access to the banking system” by providing “secure, efficient transactions” through technological improvements in Colombia. The two companies announced the agreement in a joint statement on Monday (July 25).

Puerto Rico 100

Puerto Rico Data United States America 100

NCR

SEPTEMBER 15, 2017

Keep in mind, the US market had the most cards to re-issue and the most POS devices to replace, it was a costly initiative, but in the long run, can save substantial costs associated with fraud. Where it is prevalent, EMV has proven to be a highly effective method of preventing card-present/counterfeit card fraud.

Fraud 84

Fraud Cards Security US 84

BankBazaar

NOVEMBER 18, 2021

In 2011, just a small percentage of the approximately 10 million retailers expected card payments, according to the same paper and around 145 million households were not connected to the banking system. The government created the National Payments Corporation of India (NPCI) in April 2009 as a result of this background.

Payments 78

Payments Cards System National 78

PYMNTS

JULY 30, 2019

Its online platform, which now accounts for more than 20 percent of its sales, was first unveiled in 2009, making Wingstop one of the first players in the field to offer digital ordering. Bensen processes each request, learns customers’ favorite orders and charges the appropriate card registered with Amazon or Google.

Technology 119

Technology Mobile Google Software 119

PYMNTS

MAY 19, 2016

This program was first discovered in 2009, but researchers have now discovered that the malware is being reused to attack banks around the world. Kaspersky Lab announced new research regarding a hacker collective, known as the Skimer group, that uses malware to essentially make an ATM steal users’ money. Backdoor.Win32.Skimer

ATM 111

ATM Georgia Groups Policies 111

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. The DOJ Finding.

Lending 135

Lending Fraud Management San Francisco 135

FICO

JUNE 22, 2016

The Millennial generation came of age during the Great Recession and some studies from Bankrate and others, have shown they are credit averse, and favor debit cards over credit cards. Yes, I’d like a Credit Card. Indeed, FICO’s research shows that just 64% of Millennials 18-24 have credit cards. Segmentation.

Millennials 67

Millennials eBook Analytics Cards 67

PYMNTS

OCTOBER 8, 2019

Chipotle was an early adopter of mobile order technology — first adding iPhone ordering as a feature in the 2009 edition of its app — and according to Garner that early focus on multichannel delivery helped Chipotle recover from a 36 percent sales decline brought on by concerns about food safety.

Mobile 118

Mobile Branding Meeting Retail 118