PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. It’s all in the name of siphoning company cash from accounts payable operations, and experts say the threat will continue to increase.

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PYMNTS

MARCH 8, 2016

According to reports , FairFX Group secured nearly $7.5 million from investors to strengthen its operations. The company, which provides businesses and customers with travel cash and card payment solutions, said it would use the funds to move forward in the corporate travel and global payments arena. “As

Cards 100

Cards Marketing Strategies Strategy Resources 100

PYMNTS

APRIL 10, 2017

An Inspector General (IG) report into the United States Postal Service’s (USPS) use of fleet cards has turned up some questionable practices and millions of dollars of questionable transactions, reports Friday (April 7) said. The report, which explored USPS fleet card use across the eastern area of the U.S., ” .

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PYMNTS

DECEMBER 4, 2017

Machine learning can process massive quantities of data and perform operations at great scale to detect and correct known vulnerabilities, suspicious behavior and zero-day attacks,” McAfee said in its report. In this week’s B2B Data Digest, PYMNTS dives into new research about small businesses’ data security and cybersecurity efforts.

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Security Data Survey Regulation 136

PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. Social Security number as an identifier.

Security 110

Security Report National Millennials 110

Bank Innovation

FEBRUARY 24, 2016

The panel of judges — Scarlett Sieber of BBVA; Sam Maule of Carlisle & Gallagher; Ryan Falvey of the Center for Financial Services Innovation; Matt Wilcox of Fiserv; and Phil Ryan of Bank Innovation — will decide which company is worthy of the “Best in Show” DEMOvation crown at Bank Innovation 2016.

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PYMNTS

DECEMBER 30, 2016

2016 started off with a bang in the retail world when MPD and PYMNTS uncovered a few discrepancies in the retail data that many major retailers and reporting institutions were using to underestimate the impact of digital sales on brick-and-mortar sales. “In A Retail Data Reporting Error Was Uncovered. As EMV slowly rolled out in the U.S.,

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Retail Online Customer Experience Trends 123

PYMNTS

JULY 5, 2020

The German payment processing company’s operating performance in Europe and the Americas was far worse than previously known, according to a report from KPMG, the Netherlands-based global accounting firm, obtained by the newspaper. But such profits did not exist, the Times reported. million) in 2017, the KPMG report revealed.

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Payments Cards America Report 170

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.

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Fraud Cards Retail Security 131

Bank Innovation

JUNE 23, 2016

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

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PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Secure Convenience: The New Password Death March? Digital Identity.

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Trends Retail Fraud Mobile 100

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised.

Security 109

Security Data Fraud Regulation 109

Bank Innovation

APRIL 28, 2016

The companies selected from applications received from startups around the world are: CrossCues Dyme GoldBean Hermetic Security Spare We Are Briqs The companies, chosen after a Read More.

Innovation 150

Innovation Security Fintech Company 150

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. The attackers first hit on Feb. 20 and placed a JavaScript skimmer on the website, RiskIQ discovered.

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San Francisco Groups Cards Security 140

PYMNTS

JUNE 30, 2017

Cybercrime isn’t always about stealing credit card data. While few computer users opt for a Linux operating system, almost every consumer has an Internet of Things (IoT)-enabled device (or 10) that runs on it, from webcams and DVRs in the home to point-of-sale terminals and ATMs in businesses. “If Linux Malware Threats.

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Security Report Software System 137

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. . .

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PYMNTS

SEPTEMBER 11, 2018

RiskIQ, the security firm, told outlets on Tuesday (Sept. 11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. Last week, British Airways announced that it was hit by a customer data breach on its website and mobile app, affecting around 380,000 card payments. 21 to Sept.

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Data Cards Groups Security 187

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.

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PYMNTS

AUGUST 14, 2020

13) they had been fully repaid on a loan issued in 2016, the sources said. Citi executives asked for the money back, saying it was paid inadvertently due to an operational error, sources said. billion for the quarter, with Citi reporting it had provided some form of relief or adjustment to 2 million credit card holders.

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Exercises New York Branding Strategy 271

NCR

MARCH 17, 2016

We have seen card skimming attacks nearly triple in the United States. In light of these trends and statistics, what are the key trends for 2016? In our conversations with ATM operators we are beginning to see a much more progressive and proactive view about the deployment of security solutions. Taking action.

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ATM Trends Security Cards 40

PYMNTS

JANUARY 27, 2017

As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive data breaches that left over a billion customers’ information compromised. may actually be putting users’ security at risk.

Security 100

Security Data US Trends 100

PYMNTS

FEBRUARY 27, 2019

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . A reported 3.6 billion people worldwide will carry digital IDs with embedded biometrics by 2021.

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Bank Innovation

MAY 9, 2016

We can all agree Credit Karma, Chase Mobile, Bank of America, Wells Fargo, and PayPal aren’t leaving the Top Ten on App Annie anytime soon. But ratings and rankings aren’t everything — there’s also the cool factor. How easy is the app to use? Does it makes us feel good (even Read More.

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America Mobile US social media 150

PYMNTS

DECEMBER 30, 2019

Keychain is developing an innovative data security framework targeting the financial, industrial and enterprise spaces. JCB said it will use Keychain’s platform to build out cybersecurity features and “operational integrity in next-generation payments systems,” according to the release. . Keychain was established in 2016.

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blockchain Payments Security Cards 102

PYMNTS

APRIL 12, 2019

The company is paying $70 million for the firm, which is based in Cupertino but primarily operates in India, according to reports. PayU Global Chief Financial Officer Aakash Moondhra said, according to the report, “This is a strategic acquisition for PayU that combines our merchant network and Wibmo’s leadership in digital security.”

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Leadership Fintech Security Branding 109

Bank Innovation

FEBRUARY 23, 2016

When we think of cool, James Dean doesn’t immediately come to mind. The app Songsterr does. We are proud fintech nerds, and for five years we have marked the Coolest Brands in Banking on Bank Innovation based not on the type of sunglasses worn by a CEO, but on the Read More.

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Branding Innovation Fintech social media 150

PYMNTS

NOVEMBER 7, 2018

Its work with Visa Europe will allow Ixaris to provide virtual cards to companies in the online travel industry. “We’re Visa Business Solutions executive director Helen Jones added that Visa is “committed to helping businesses of all sizes to make simple, secure and seamless payments wherever possible.

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Payments Online Cards Industry 140

PYMNTS

JUNE 4, 2018

and Europe weren’t able to use their cards on Friday (June 1) after a system failure prevented transactions from being processed. Visa also revealed that the problem was the result of a hardware failure, and that by late Friday, cards in Europe were operating at close to normal levels. Visa customers in parts of the U.K.

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System Cards ATM Company 109

PYMNTS

MAY 2, 2017

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. It’s on the rise in the eCommerce arena, according to data released from omnichannel commerce technology and operations company Radial’s eCommerce Fraud Technology Lab. What happened was exactly what was expected.

Fraud 150

Fraud Data Cards Retail 150

PYMNTS

JANUARY 26, 2021

Looking ahead at 2021, positive signs are on the horizon for the industry despite strains on CU operations due to the pandemic. Los Angeles-based immigrant-focused technology solution provider Welcome Technologies has announced that it has selected PSCU to provide processing and support services for its first credit card offering.

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Tools Los Angeles New Jersey Trends 276

PYMNTS

JULY 11, 2016

Hotel chain Omni Hotels & Resorts said on Friday (July 8) that it had been hacked and disclosed that the hackers stole payment card data through accessing point-of-sale systems. The firm noted that the “malware may have operated between Dec.

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PYMNTS

SEPTEMBER 18, 2017

In the wake of the massive data breach at Equifax , the embattled credit scoring company announced that the Chief Information Officer, David Webb, and the chief security officer, Susan Mauldin, will both retire. The stolen data included Social Security numbers, birth dates and other personal information. told the Wall Street Journal.

Security 165

Security Data Fraud Report 165

PYMNTS

SEPTEMBER 16, 2016

15) the release of the “ Global NFC Transaction Market 2016–2020 ” report, which found that the NFC transaction market is set to grow at a CAGR of 55.23 percent during the period of 2016 through 2020. The report also includes a discussion of the key vendors operating in this market.

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Marketing Mobile Security Analysis 100

PYMNTS

FEBRUARY 15, 2017

The commercial card space is anything but straightforward. For one, payments innovation has created an explosion in the types of cards businesses can use, from fleet cards to one-time-use virtual cards. One of them is CSI globalVCard , a winner in the 2016 PYMNTS Innovation Project Awards.

Cards 120

Cards Innovation Fintech Tools 120

Abrigo

OCTOBER 22, 2019

In recent years, cybercriminals implanted malicious skimming code directly on e-commerce shops and online content management and payment platforms as a way of stealing payment card data at scale. Their goal is to compromise the merchant’s payments processing account and steal all of the payment card data processed by the merchant.

Fraud 150

Fraud Cards Data Payments 150

PYMNTS

JANUARY 17, 2020

billion in 2016 to $15.1 That’s up from $789 million in 2016. Debit card fraud totals 44 percent of losses, or $1.2 There are a lot of stubborn businesses that want to operate with checks,” Helms said in a WSJ interview. Check fraud, or the attempt to perpetrate it, has gone up from $8.5 billion in 2018.

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Fraud Survey California Resources 141

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.

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Retail Cards Data Atlanta 100