PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. Bank Is Doing to Drive Virtual Card Adoption. BMO on Taking a Digital-First Approach to Retail Banking.

Cards 131

Cards Technology social media Meeting 131

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. (which is paying most of the aforementioned fine).

Nevada 100

Nevada Cards Retail Company 100

Bank Innovation

JANUARY 31, 2018

Neobank Moven has secured an undisclosed amount from SoftBank and is looking to acquire a bank with the funding, according to an American Banker report. Moven burst onto the fintech scene in 2012 — it was founded in 2011 and launched an alpha product in 2013 — as Brett King’s bank, or bank account.

Fintech 261

Fintech Security Report Cards 261

PYMNTS

MARCH 10, 2016

The PayPal Here SDK was launched in 2013 with the intention of enabling its partners and developers to integrate chip-and-PIN and contactless card payments into their iOS and Android apps. PayPal has officially revealed its first U.K.

Security 100

Security Software Customer Experience Management 100

CFPB Monitor

JULY 29, 2022

and related entities (collectively, “Harris Jewelry”), a national jewelry retailer that markets and sells military-themed gifts, to resolve their lawsuit which alleged that Harris Jewelry had engaged in unlawful sales and credit practices targeting servicemembers. The FTC commissioners approved the stipulated final order by a 5-0 vote.

National 78

National Retail Regulation New York 78

PYMNTS

DECEMBER 10, 2018

It’s the decoupled debit card. Merchants paid less when they accepted those cards. Inspired, retailers set out to develop their own products with those same benefits: debit functionality, rich consumer rewards and a lower interchange fee burden when consumers used them to shop their stores. And what was the product?

Branding 184

Branding Cards Payments New Jersey 184

PYMNTS

DECEMBER 19, 2016

While Yahoo can’t seem to shake the consequences of its massive data breach, Costco may have finally gotten things right with its co-branded credit card, and IBM is keeping its eye on the blockchain prize. Costco Turns The Credit Card Corner. The road to a co-branded credit card has been a bumpy one for Costco.

blockchain 100

blockchain Cards Data Branding 100

PYMNTS

MARCH 12, 2020

Providers serving a wide array of businesses have access to more card or customer data than individual merchants, meaning they may be more able to flag individuals showing signs of fraudulent or unusual behavior. . Fraudsters can use fake IDs and stolen cards to place orders and quickly make off with items before retailers catch on.

Fraud 130

Fraud Analysis Regional Examples 130

PYMNTS

JULY 17, 2017

The luxury retailer’s very first cybersecurity executive has decided to part ways with the company. After signing on as Neiman Marcus’ chief security information officer in 2014, Sarah Hendrickson has stepped down from her position. million credit and debit cards.

Security 101

Security Compliance Data Cards 101

Jeff For Banks

JANUARY 18, 2014

Incidentally, your QE 1 to 3 programs ran for six years, accumulated three trillion dollars of securities, and pushed long term rates lower when your forward guidance could not do so. in the third quarter of 2013, but the strong growth numbers were the result of huge inventory building, to the tune of nearly $116 billion annualized.

Philadelphia 83

Philadelphia Policies US Marketing 83

PYMNTS

FEBRUARY 18, 2019

In a tale that roughly recalls the 2013 Martin Scorsese film “ The Wolf of Wall Street ,” the U.S. Securities and Exchange Commission has sued financier Joshua Sason for fraud. The complaint also targets three other people involved in the alleged fraud, which the SEC said took place in 2012 and 2013.

Fraud 122

Fraud Operations Security Software 122

PYMNTS

MARCH 24, 2016

When retail executives complain about the rising cost of labor, this isn’t usually what they mean. million through a debit card scheme. The complaint alleges that Chon made the first illicit foray into Toys”R”Us’ “Fleet Card” system in 2013 and then 116 more times until March 2016.

US 100

US New York City ATM New York 100

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 22, 2019

As phishing and ransomware become known commodities in the world of digital security, the hackers and crackers just change up their methods. The method works when cybercriminals insert some malware on a retail website that basically acts as a card skimmer that siphons off consumer card data as it’s entered. Formjacking.

Cards 116

Cards Bitcoin Data Retail 116

PYMNTS

JULY 11, 2018

Prosecutors contend Falkowski got QVC to pay more than $200,000 in chauffeured rides for himself and others, $70,000 in payments to pay down his own personal debt and $59,500 in American Express gift cards. The fraud happened from 2008 until he was fired in 2013, noted the report.

Company 102

Company New York City Fraud Retail 102

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

Bank Innovation

JUNE 14, 2018

RBC said Facebook allowed it access in order to “wind down” a payments app it first unveiled in 2013. […]. Royal Bank of Canada and Facebook today offered differing versions of why the social media company continued to give the bank extraordinary access to customer data after Facebook said publicly that it would stop doing so.

social media 186

social media Data Payments Company 186

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. Virtual card issuance.

Online 98

Online Company Retail Payments 98

PYMNTS

DECEMBER 3, 2018

What’s Relevant in Retail. In December of 2013, Target was breached. Hackers got off with some 41 million customer accounts, including payment card details. It was reported that some consumers whose cards were compromised said they stopped using them at Target – while still shopping there – and reverted to cash instead.

Fraud 192

Fraud Security Payments Cards 192

Jeff For Banks

AUGUST 22, 2014

My firm measures line of business and product profitability for dozens of community financial institutions, and hardly any of them make real money in retail investment sales, if they make any money at all. At the end of 2013, US registered investment companies managed $17.1 With that title comes trust, security, and integrity.

Retail 86

Retail Tools Management Taxes 86

PYMNTS

AUGUST 12, 2019

In a smattering of individual instances of fraud: In Canada, SaskEnergy said that it fired an employee amid allegations that the unnamed worker had misappropriated a fuel card, racking up $30,000 in charges between 2004 and 2019. The employee had been given the fuel card as part of their job, which included driving a corporate vehicle.

New York City 149

New York City Phoenix Fraud Florida 149

PYMNTS

SEPTEMBER 18, 2018

Its operator, Steven Simmons, had a website called “NoveltyExcuses.com website from 2013 until October 2017, where for $19.95 he sold a variety of financial, identity, and medical documents including pay stubs, auto insurance cards, utility and cable bills, doctor’s excuses, and medical absence reports,” the FTC said.

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

OCTOBER 14, 2016

Many may turn out to be false positives and/or have nothing to do with SWIFT messages, but it is key that these reviews take place and banks’ environments are secured,” the Brussels-based interbank cooperative said in a statement in May. The Fort Wayne-based retailer confirmed that it was notified on Sept. Hackers Get Fashionable.

Security 100

Security System Tools Data 100

CB Insights

OCTOBER 9, 2018

Traditional retail is getting an upgrade. Despite the rise of e-commerce and mobile, the physical channel still plays an important role in consumer experience — and retailers are increasingly leveraging technologies to stay afloat. Get the entire 54-page retail report. Why Are retailers are pivoting towards cashier-less retail?

Retail 71

Retail Technology San Francisco Mobile 71

PYMNTS

MARCH 27, 2020

Consumers can now purchase nearly anything from them — health and beauty products, electronics, clothing and even groceries — with their credit cards or mobile wallets. Fresh meal vending solutions provider Farmer’s Fridge launched in 2013 to meet that need, using vending machines to sell fresh and healthy food at scale. “I

Milwaukee 130

Milwaukee Meeting New York City Data 130

PYMNTS

AUGUST 26, 2016

businesses as part of a plot to steal and sell credit card numbers. 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. 2009 to Oct. Secret Service.

Nevada 100

Nevada Georgia Washington Fraud 100

PYMNTS

JUNE 23, 2016

Then, there are events like the Target breach, a security lapse rooted at one of the retailer’s suppliers, that resulted in millions of dollars in costs to the company. Earlier this month, FICO revealed plans to roll out a new kind of score: the Enterprise Security Score.

Security 102

Security Tools Data Marketing 102

PYMNTS

DECEMBER 19, 2016

He noted that the virtual currency was invented in 2008, and after 2012 and 2013, its holders were speculative and “not registered much on the value side”, and within the past year, bitcoin’s become a valuable property beyond which people will use to speculate. One of them is through gift cards.”.

Bitcoin 100

Bitcoin Retail Cards cryptocurrency 100

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

DECEMBER 16, 2016

By boosting the Fed funds rate for the first time in a year, all sorts of attendant interest rates are going to be on the upswing, from mortgage rates to auto loans to — well — vanilla, standard loans and credit card rates. The same survey found that among Amazon shoppers, 95 percent describe the online retailer as “trustworthy.”

Data 100

Data Security Cyber Security Retail 100

PYMNTS

JULY 3, 2017

The End of Excessive Card Surcharges. A new law is going into effect that will prohibit agents from charging customers fees for using their credit or debit card. But that’s not such good news for the agents, and some may opt to introduce booking fees or other incentives to discourage customers from using cards.

Online 112

Online Payments Fraud Cards 112

PYMNTS

DECEMBER 21, 2016

Sure, credit cards got stolen or skimmed from time to time — but such occurrences were comparatively rare. The simple answer: December 19, 2013 happened. Forty million card accounts represents a lot of cardholders, and just about everyone knows someone who’s been a victim.”. These days, that is just not the world we live in.

Data 100

Data Cards Fraud Security 100

PYMNTS

DECEMBER 14, 2016

2013 and the present. Earlier this week, reports surfaced that California has joined in the lawsuit bandwagon, ordering an investigation into claims retail bankers at Wells Fargo signed customers up for life insurance policies without their consent. Jones said his office will launch an investigation. million in unauthorized fees.

Policies 100

Policies California Fraud Retail 100

Independent Banker

JUNE 29, 2015

When Target agreed to reimburse affected MasterCard-issuing banks roughly $19 million following the retailer’s massive 2013 data breach, which incurred significant costs for thousands of community banks, it gave community banks a choice—either accept the meager settlement or continue the costly and risky road of litigation.

Community Bank 70

Community Bank Community Ohio Security 70

Javelin Strategy & Research

JANUARY 20, 2015

Since I didn’t have time to explain to the Sephora cashier that not only is Apple Pay more secure than “Google or whatever”, but it’s particularly more secure than my alternative, which would be my U.S. Bank magnetic stripe debit card (U.S. Bank has yet to issue me an EMV debit card). I pressed cancel instead of ok.”.

Industry 40

Industry Apple Payments Google 40

PYMNTS

OCTOBER 19, 2016

Suffice to say that the retailer is hoping shoppers will choose the mall with a mobile and wants to get ahead of the game. While many retailers plan to keep their doors firmly closed on Thanksgiving, Macy’s is opening them one hour earlier than last year, according to USA Today. retail chains — T.J. More turkey or shopping?

New York City 100

New York City Retail Mobile Company 100

PYMNTS

DECEMBER 31, 2016

While there is some concern from investors that advertising sales are the sole source of revenue (hence the “mostly”), Snapchat’s great Snapbot unattended retail experiment shows that the social media company may have a few more revenue tricks up its digital sleeve. Resolution: Security, security, security. Oh, chatbots.

Apple 109

Apple Security social media Study 109