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The Facebook Files: Royal Bank of Canada, Facebook Differ On Why Bank Had Continuing Data Access

Bank Innovation

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. RBC said Facebook allowed it access in order to “wind down” a payments app it first unveiled in 2013. […].

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Kobe Bryant, Virtual Cards, Self-Service Technology Top This Week’s News

PYMNTS

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. FICO’s Take on Debit Security.

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Facebook Tracker: Anticipation

PYMNTS

Facebook (FB) shares have hit record highs amid investor optimism on the social media giant’s upcoming Q1 earnings report. billion in attempted wire fraud between October 2013 and May 2016. The incident indicates the urgency for major companies to shore up security across all aspects of their operations.

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Hacker Tracker: Call Center Scams, Password Reuse Dangers

PYMNTS

A call center worker told Betsy Broder, who tracks international fraud at the FTC, that if a person seemed scared or fell for the scam, then they would direct them to purchase thousands of dollars in iTunes cards to prevent being thrown in jail. The victim would send the iTunes card codes to the scammers, which gave them access to the money.

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How Payments Make Online Travel Sites Worth The Trip

PYMNTS

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.

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PYMNTS’ 2017 New Year’s Resolutions

PYMNTS

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.

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Investment Picks Up And Aria Systems Cashes In

PYMNTS

The join a rather illustrious investor list that includes (as of their last funding round in 2013) Bain Capital Venture, VMware, Hummer Winblad Venture Partners, and Interwest Partners. “We did not have a challenge raising this funding. Below are the Top 5 deals for the week that ended on Feb.

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