PYMNTS

JANUARY 22, 2021

Global payments firm MoneyGram is advancing its Visa debit card deposit service across Europe in a partnership with Checkout.com and continued collaboration with Visa’s real-time push payments platform Visa Direct. MoneyGram is in favor of a proposal by U.S.

Payments 269

Payments Compliance Fraud Regulation 269

PYMNTS

MARCH 1, 2016

29) that it has brought on board Amazon’s former chief security officer, Tom Killalea. WSJ noted that “especially valuable” is Killalea’s experience within the customer service arena, with security complementing expansion efforts by Capital One into data usage and software development, among other areas.

Capital 100

Capital Security Data Software 100

PYMNTS

OCTOBER 26, 2018

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks. The total spending came to as much as 12 million euros between 2003 and 2012.

Washington 122

Washington Fraud Security Report 122

PYMNTS

APRIL 14, 2016

The company said that it discontinued sales of credit card add-on products four years ago and also sold its card and its retail services business in 2012, while the HSBC Bank Nevada unit was shuttered in 2013. HSBC Bank Nevada was a former unit of HSBC Finance Corp. which is paying most of the aforementioned fine).

Nevada 100

Nevada Cards Retail Company 100

PYMNTS

SEPTEMBER 30, 2016

You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

Security 100

Security Data System New York 100

PYMNTS

JULY 6, 2018

And, of course, how to leverage enough security advances to keep out the cybercriminals who want to follow — and rob — the digitally migrating crowds. $2 250 percent : The amount card-not-present fraud has grown since 2012. 11 percent : The share of purchases made in cash in Australia in 2016.

ATM 101

ATM Fraud Course How To 101

Accenture

FEBRUARY 28, 2017

Contactless card transactions in the UK will rise to between 6bn – 9bn txns in 2017, and 20bn – 30bn txns across Europe (compared to my forecasts a year ago of 3bn txns for UK and 9bn txns for Europe for 2016). Contactless and Mobile Payments. Use of Apple Pay, Samsung Pay etc. Real-time Payments Interbank Infrastructure.

Payments 150

Payments Bitcoin Samsung Fraud 150

Accenture

FEBRUARY 28, 2017

Contactless card transactions in the UK will rise to between 6bn – 9bn txns in 2017, and 20bn – 30bn txns across Europe (compared to my forecasts a year ago of 3bn txns for UK and 9bn txns for Europe for 2016). Contactless and Mobile Payments. Use of Apple Pay, Samsung Pay etc. Real-time Payments Interbank Infrastructure.

Payments 150

Payments Bitcoin Samsung Fraud 150

PYMNTS

JUNE 27, 2016

filed criminal charges against a man accused of hacking into the bank and credit card accounts of celebrities from February 2012 to January 2015. The victim data that was compromised includes Social Security numbers, names and birthdates, but none of the victims were actually identified in the court documents, Reuters said.

Data 101

Data Payments Google California 101

PYMNTS

SEPTEMBER 26, 2018

25) from Verizon Communications, full compliance with the PCI DSS (short for Payment Card Industry Data Security Standard) dropped last year, the first decline seen in six years. percent of the organizations surveyed were in full compliance, according to data gleaned from 2,400 reports stretching back to 2012.

Compliance 134

Compliance Regional America Survey 134

NCR

SEPTEMBER 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. Meanwhile, the shift for Visa payment cards is set for precisely a year later. The impact of the shift.

ATM 75

ATM Fraud Illinois Cards 75

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

FEBRUARY 20, 2017

According to a report by Reuters , Sergey Vovnenko, who went by the aliases “Flycracker” and “Darklife,” was sentenced for taking over more than 13,000 computers to get his hands on logins and credit card information. He also stole debit and credit card numbers.

New Jersey 109

New Jersey Fraud Cards Online 109

PYMNTS

OCTOBER 7, 2019

Identity security is key when it comes to protecting financial information, and it can be devastating if sensitive documents from credit checks fall into the wrong hands, making authentication critical. As part of the sign-up [process], the user provides us with [their] full name, address and Social Security number. How Nav Works.

Tools 101

Tools Data Security Fraud 101

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

PYMNTS

DECEMBER 21, 2016

Sure, credit cards got stolen or skimmed from time to time — but such occurrences were comparatively rare. How did consumers go from leading lives mostly free from data fraud and identity theft to one where such hacks, skims and breaches are part of the everyday background noise? These days, that is just not the world we live in.

Data 100

Data Cards Fraud Security 100

NCR

MARCH 16, 2017

The growth of EMV technology around the world is perhaps one of the biggest steps the industry as a whole has taken to tackle fraud. Of this, less than a tenth of fraud actually occurred in Canada itself, which the organization credited largely to the completion of the migration to EMV technology that started back in 2008.

CA 49

CA Fraud ATM Cards 49

Banking 2020

NOVEMBER 28, 2015

As the US comes out of its first post-EMV liability shift months, it’s worth looking at how chip cards have evolved over the years to improve security and how lessons learnt in other countries have made smart cards more secure than ever. These were card-present frauds that managed to nullify the PIN.

Fraud 40

Fraud Cards Security Analysis 40

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

NCR

AUGUST 4, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. Meanwhile, the shift for Visa payment cards is set for precisely a year later. The impact of the shift.

ATM 40

ATM Fraud Illinois Cards 40

Accenture

SEPTEMBER 22, 2019

Measures enacted to make the sector more financially secure have also increased costs and reinforced the incumbents’ competitive advantage. While our research reveals consumer trust in banks is at its highest since 2012, consumers’ concerns over online fraud and cybersecurity have also grown. What the future holds.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

JUNE 3, 2016

These days, retail merchants must reach customers, both in-store and online, securely and conveniently. Now that merchants are more responsible for fraud that happens in their stores, he said, “it’s our responsibility to teach them about these tools, like EMV, that can secure them and secure their businesses.

Retail 100

Retail Apple Fraud Online 100

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

PYMNTS

AUGUST 5, 2016

In that same span, payment with cards, mobile wallets and direct deposit tripled, and the trend is not expected to reverse itself anytime soon. So, we wanted to build something that enabled renters to very easily and quickly sign up and start making credit or debit card rent payments to landlords.”. According to data from the U.S.

Payments 100

Payments Mobile Cards Fraud 100

NCR

FEBRUARY 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. Meanwhile, the shift for Visa payment cards is set for precisely a year later. The impact of the shift.

ATM 40

ATM Fraud Illinois Cards 40

PYMNTS

JUNE 12, 2017

First, it can help detect and avert fraud by making trends easier to spot. Zooz also offers secure data storage and protection for consumer information. It helps optimize transaction acceptance rates by showing which card types or currencies are most likely to be declined. Third, it’s configurable. We started with $1.5

Data 136

Data Retail Software System 136

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 SEC Finding. lending marketplace.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

APRIL 25, 2016

Fraud is moving en masse online , though, as in-store methods are getting harder and crooks look to find the weakest link. According to the PYMNTS/Forter Global Fraud Attack Index , online fraud attacks have jumped by 11 percent since the shift in the U.S. Overall, year over year, online fraud attacks have spiked 215 percent.

Lending 100

Lending Mobile Cards Fraud 100

South State Correspondent

OCTOBER 25, 2023

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

Fraud 195

Fraud ATM Payments Management 195

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. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Fraud prevention tools.

Online 98

Online Company Retail Payments 98

Jeff For Banks

DECEMBER 12, 2015

It helped users save money across verticals including cell phones, credit cards, cable bills, and savings accounts. Two years after being lauded as Finovate's best of show, it sold itself to MasterCard in 2012. We were excited in late 2012 to join Capital One, a company with a shared passion for changing the world through data.

Fintech 60

Fintech Capital Cards Bitcoin 60

NCR

MAY 3, 2016

But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. Securing the Vault. Establish an enterprise-wide security policy. Enforce your security policy. The Turning Point.

Policies 40

Policies Security ATM System 40

Gonzobanker

NOVEMBER 17, 2016

The event’s level of growth and sophistication since its inaugural event in 2012 is truly impressive. While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Tomorrow's Transactions

MARCH 16, 2016

American retailers have been lobbying the great and good to implement PIN for card transactions. PIN is the most secure authentication technology currently available, and retailers should have the option to require PIN on credit and debit card transactions—the same protection provided at ATMs. Well… not quite.

Retail 30

Retail Cards Fraud US 30

Javelin Strategy & Research

OCTOBER 16, 2015

In his letter to the shareholders and the rest of the world, CEO Reed Hastings, states “Our over-forecast in the US for Q3 was due to slightly higher-than-expected involuntary churn (inability to collect), which we believe was driven in part by the ongoing transition to chip-based credit and debit cards.” NOW WAIT A SECOND MISTER!

Company 40

Company Cards America US 40

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

Fintech Labs Insights

OCTOBER 20, 2020

Cirrus Secure 7-minute demo @FIS Fintech Accelerator Demo Day. Cirrus Secure. Description: Secure document portal for lenders. Founded: 2012. Description: Biometric authentication system to reduce fraud while protecting user privacy. Description: Automated expense/card management solutions for SMB customers.

Fintech 15

Fintech San Francisco NJ Arkansas 15