PYMNTS

JULY 17, 2018

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. The debate involves virtual cards and their use by insurers to pay healthcare providers. But, much like the payroll card debate, the legal questions around virtual cards also focus on fees.

Cards 100

Cards Georgia Alabama New York 100

PYMNTS

SEPTEMBER 7, 2016

Going into investor day, Mastercard is ready to talk about its brand’s evolution from card network to digital payments acceptance network, buttressed by the continued growth and acceptance of Masterpass among issuers, acquirers and merchants worldwide. and around the world.

Mobile 100

Mobile Security National Branding 100

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

FEBRUARY 27, 2019

A wide range of biometric solutions are being used to develop national identification systems around the world. Even though biometrics offer notable security advantages, they do come with risks. India began experimenting with the technology 10 years ago when it launched its national ID system, the Aadhaar program. A reported 3.6

Security 159

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Abrigo

APRIL 18, 2022

The industry's most significant market increase was between 2016 and 2018. 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. National objectives in cryptocurrency policy. Priorities. Promote U.S.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

FEBRUARY 10, 2017

Fast food chain Arby’s confirmed that credit card data was stolen from thousands of its customers due to a data breach that took place last month. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the data breach.

Data 100

Data Cards System National 100

PYMNTS

APRIL 25, 2016

Of course, we have the quarterly numbers, too, including insight into how American Express’ commercial card business is holding up. billion worth of purchases went through Amex commercial cards in 2016’s Q1, American Express said in its latest quarterly earnings report. It’s all below in our weekly B2B Data Digest. . .

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

AUGUST 8, 2019

He added that the mobile payments app has clocked over 100 million transactions to date in the nation. With 120 million internet users in Japan, cash still dominates most transactions, especially since some places, like supermarkets and medical clinics, do not accept cards. credit card and 10 percent with other types of credit cards.

National 109

National Mobile Cards Payments 109

NCR

AUGUST 29, 2016

The number of EMV payment cards in global circulation had rocketed more than 40 per cent year on year by the end of 2015, new statistics from EMVCo have revealed. billion ‘chip-and-pin’ cards when the data was collected, and 35.8 The region’s chip card adoption rate jumped to 52.3 per cent of cards issued.

Cards 75

Cards Regional National America 75

PYMNTS

JULY 22, 2019

Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. The hack reportedly happened at the end of June at Bulgaria’s tax agency – the National Revenue Agency (NRA). Starting with. KeyBank’s Costly Payroll Fraud Problem . MILLION, BILLION?

Data 100

Data Security Fraud Indiana 100

NCR

MAY 14, 2018

But the number one option remains online card payments, and new research has highlighted several reasons why this is the case. One of the key drivers for online card payments at the moment is the growing proliferation of mobile devices. Where card payments still lag behind. Mobile usage boosts growth. Barriers to be overcome?

Online 61

Online Cards Payments Study 61

PYMNTS

SEPTEMBER 4, 2019

B2B Pay plans to roll out API-enabled banking services, the ability to create an unlimited number of International Bank Account Numbers (IBANs), credit card processing and solutions related to cryptocurrency. In 2016 U.K. At the time, B2BPay supported payments to and from 34 nations.

Regulation 148

Regulation cryptocurrency blockchain National 148

PYMNTS

FEBRUARY 23, 2017

In years past, this money was typically spent on things like paying off credit cards, buying new clothes or taking a trip somewhere exotic. That day is when the IRS hands out tax refund checks from the previous year’s tax filing. Not this year. Here’s the breakdown: Everyday expenses. Major purchases (such as televisions, furniture, cars).

Taxes 100

Taxes Survey Analytics National 100

PYMNTS

JULY 25, 2016

Mastercard is mulling an entrance into the China market and could get its application in during 2016 to become a payment provider in what is expected to be the largest market by 2020. China announced this summer that it would let non China-based payment card companies operate in the country, but they would have to follow China’s rules.

Cyber Security 100

Cyber Security Payments Cards Marketing 100

PYMNTS

SEPTEMBER 17, 2018

As for the locale: Search warrants, noted by ZDNet , were served on those individuals in an immigration detention center, yielding 16 mobile phones, various SIM cards and a number of electronic storage devices. The scams netted an alleged $25 million from 2014 to 2016. “In He and an accomplice operated from Nigeria, targeting the U.S.,

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. It’s the latest large retailer to raise the security concerns, with a lawsuit filed this week in U.S.

Retail 100

Retail Cards Data Atlanta 100

Abrigo

JANUARY 3, 2024

As explained further below, financial institutions should comply with the 2016 regulatory definition of beneficial owners. The final access rule does not dictate how to receive consent and allows for flexibility based on differences in FIs across the nation. Be ready for AMLA-related changes. This checklist can help. Beginning Feb.

Fraud 222

Fraud Regulation Report Compliance 222

PYMNTS

APRIL 3, 2019

Everex, which traces its genesis to 2016, has focused on distributed ledger technology for cross-border payments. Separately, in other company news, Canadian FinTech Buckzy Payments announced its launch earlier this week, eyeing international payments through what it has termed a “safe, secure and convenient ecosystem.”.

blockchain 231

blockchain Payments United States Innovation 231

PYMNTS

APRIL 24, 2017

And most of the nation got a good chuckle — except perhaps the investors who threw $125 million at the disruptive future of juice. and yes, this looks like card data breach. American Express cards, from time immemorial, has signaled affluence among holders — particularly the Platinum Card. Can we say we told you so?

Millennials 109

Millennials Cards New York Branding 109

BankBazaar

NOVEMBER 18, 2021

The 25th of August in 2016 was a significant day. 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. UPI has revolutionized the way we transact. How it works? In comparison to Rs.

Payments 78

Payments Cards System National 78

PYMNTS

OCTOBER 5, 2016

The latest research from the Q3 2016 PYMNTS.com Global Cash Index™ is in, and when compared to its Eastern European neighbors, Lithuania leads the way in total cash spending as a share of its GDP, also known as the cash share of the wallet. The level of income also influences the usage of cash,” Karpavičius said.

ATM 178

ATM Cards Mobile Regional 178

PYMNTS

JUNE 14, 2018

million, in 2016 alone. with more than 16,800 victims recorded in 2016. A new report from The National Cybersecurity Society (NCSS) published this week warns that business identity theft is an emerging threat for entrepreneurs and executives. . But individual consumers aren’t the only victims of identity theft.

Fraud 109

Fraud Taxes Resources National 109

PYMNTS

JUNE 13, 2018

“PayStand has built a unique infrastructure capable of natively supporting Canadian electronics funds transfer (EFT) and card payment technology, essentially transforming and modernizing the entire payments lifecycle for businesses, no matter the manner of payment.”

blockchain 109

blockchain Payments Fraud Industry 109

PYMNTS

AUGUST 15, 2019

A pair of late 2016 studies indicated that Japanese consumers, despite being digitally enthused, vastly preferred to make their payments in cash , with 70 percent of consumers across demographic groups reflecting that preference. credit card and 10 percent with other types of credit cards.

Mobile 154

Mobile Payments National Marketing 154

PYMNTS

JANUARY 31, 2018

The case has become an unusual confluence meetup of varied interests tied to how American Express conducts its business and how consumers and merchants interact with credit card companies … and all manner of companies across all manner of two-sided market verticals. They have been sued by 11 states and the Department of Justice.

Cards 102

Cards Marketing National Retail 102

PYMNTS

APRIL 30, 2020

This means it is critical that online merchants quickly learn which payment methods are most wanted in each country and identify the markets most receptive to more international purchasing tools like global credit cards. Cards can be critical to serving the U.K. and Scandinavia. Such payments are not as popular elsewhere, however.

Payments 131

Payments Cards Online Resources 131

PYMNTS

AUGUST 23, 2018

Customers of National Australia Bank (NAB) and American Express became the targets of a recent phishing scam spree in Australia, according to MailGuard reports this week. The false login page prompts victims to enter their user ID and password, enabling attackers to steal credentials and bank card details.

Cards 100

Cards National Report Online 100

PYMNTS

JUNE 14, 2018

According to the United Nations Educational, Scientific and Cultural Organization (UNESCO), over 800,000 Chinese students pursued education abroad in 2016 – and that number is forecasted to rise. Chinese nationals took an estimated 500,000 outbound medical trips in 2016, a fivefold increase from the previous year.

Payments 108

Payments Cards National Marketing 108

CFPB Monitor

DECEMBER 16, 2016

.” The tool, which was released in beta version, tracks originations for mortgages, credit cards, auto loans, and student loans. According to the CFPB, the tool uses information taken from a nationally representative sample of credit records maintained by one of the top three U.S. Through October 2016, 22.9

Tools 60

Tools Trends Lending Cards 60

PYMNTS

FEBRUARY 4, 2019

Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight. The United Nations Office on Drugs and Crime (UNODC) estimates the market for global money laundering is worth approximately $2 trillion per year.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

MARCH 20, 2018

million Chinese nationals visited the U.S. in 2016 (the last year for which data is available), spending a net total of $333 billion. merchants don’t accept the only Chinese credit card that they have, Union Pay. If Alipay were a nation, it would be the third largest on Earth. According to the U.S. Travel Association.

Las Vegas 112

Las Vegas San Diego Los Angeles San Francisco 112

NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. 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. million in 2016.

Fraud 84

Fraud Cards Security US 84

Independent Banker

DECEMBER 13, 2015

The law defines “consumer credit” very narrowly; however, the department’s rule extends coverage to additional products, including credit cards, installment loans, private student loans and federal student loans not made under Title IV of the Higher Education Act. Credit card accounts are exempt from compliance until Oct.

Lending 70

Lending Compliance Regulation Virginia 70

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. You can look at life events such as marriage, credit card, new job, etc. Our platform is open source, which makes it more reliable, innovative and secure. We are launching a pilot for the 2016-17 Australian grains harvest. Bank secured social funding.”

social media 40

social media ATM Mobile Customer Experience 40

PYMNTS

APRIL 22, 2019

Additional queues formed at concession stands as attendees reached for their credit cards and IDs to buy beer or wine. Over the past year, 18 MLB, National Basketball Association (NBA), National Football League (NFL) and Major League Soccer (MLS) arenas have deployed biometric solutions by CLEAR. million people in 2016 to 17.2

Seattle 122

Seattle social media Boston National 122

PYMNTS

APRIL 20, 2016

As of Monday (April 18), Singapore is the latest country to enter the international Apple Pay family, and the move marks the second East Asian nation to bring the payments platform within its borders. “So customers can now pay in an easy, secure and more private way. .

Apple 100

Apple Samsung Mobile Cards 100

Tomorrow's Transactions

JULY 26, 2016

Earlier in the week I blogged about mobile banking security , and I said that in design terms it is best to assume that the internet is in the hands of your enemies. From Gone in minutes: Chinese cybertheft gangs mine smartphones for bank card data | South China Morning Post. Anyway, the point is that the internet isn’t secure.

Security 30

Security Guidelines Samsung Mobile 30