PYMNTS

NOVEMBER 4, 2019

From counterfeiting to identity theft to phishing attacks, digital fraud takes many forms — and online shopping continues to make consumers and merchants vulnerable to such attacks. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017. By its measures, merchants pay $3.13

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Fraud Retail Online Study 124

NCR

MAY 14, 2018

With more countries investing in faster payments solutions, there are more options than ever for people to complete a purchase online. But the number one option remains online card payments, and new research has highlighted several reasons why this is the case. Where card payments still lag behind.

Online 61

Online Cards Payments Study 61

PYMNTS

AUGUST 18, 2017

Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.”. There’s never ‘too much’ security,” Grant said.

Security 131

Security Fraud Analytics Tools 131

PYMNTS

SEPTEMBER 19, 2019

Illicit and counterfeit goods make up a multibillion dollar fraudulent industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. Online sales of such products are projected to reach $1.8 Fast Speeds, Smaller Packages and Online Counterfeiting. Kimberly Gianopoulos , director at the U.S.

Online 133

Online Fraud Report Payments 133

PYMNTS

JUNE 16, 2019

A report from the Government Accountability Office ( GAO ) said several government departments still rely on the three major credit agencies — Equifax, Experian and TransUnion — to verify a person’s identity before they can access their services online. Agencies like the U.S.

Knowledge Base 108

Knowledge Base Online United States Fraud 108

PYMNTS

JUNE 29, 2020

Launched in the Ukraine a decade ago, the internet-based cybercriminal enterprise stole identities, compromised debit and credit cards and personal, financial and banking information and spread computer malware, the Justice Department’s Criminal Division said in a statement. In April, a joint study by the U.S. and the United Kingdom.

Nevada 201

Nevada Cyber Security Study Security 201

PYMNTS

MARCH 1, 2019

When credit cards first debuted in 1920s America,they brought with them myriad benefits. For instance, prior to a law passed by Congress in the mid-1970s, companies could mail consumers activated credit cards without their consent. According to a 2017 YouGov survey, 65 percent of SMBs in the U.S. Security strategies.

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Security Payments Fraud Cards 134

Bank Innovation

NOVEMBER 28, 2016

will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., Adam Carson, managing director, global technology strategy & partnerships at JPMorgan Chase & Co., will feature dozens of speakers on investing in innovation, chatbots, blockchain and more.

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San Jose Innovation blockchain Strategy 150

Bank Innovation

NOVEMBER 9, 2016

1, 2017, a new rule will go into effect for prepaid cards, the CFPB announced last month. The future of regulations in banking may be uncertain pending the results of yesterday’s election, but one thing we know: On Oct. The rule will require transaction histories to be provided to users, Read More.

Cards 170

Cards Video Regulation Online 170

Bank Innovation

FEBRUARY 8, 2017

Fiserv CEO Jeff Yabuki has joined the speaker faculty of Bank Innovation 2017, taking place March 6-7 in San Jose. Yabuki joined Fiserv in 2005. Under his leadership, the company has grown revenue to exceed $5 billion annually, and serves more than 13,000 institutional clients. Fiserv also supports this site’s Read More.

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San Jose Innovation Leadership Company 150

PYMNTS

AUGUST 13, 2020

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. In that instance, merchants have to contend with cart abandonment. seconds on average through EMV 3DS.

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

NOVEMBER 4, 2019

Also, Goldman Sachs has doled out approximately $10 billion in credit lines for the Apple -branded credit card. And Capital One is back online after a major outage. Goldman Extends $10B In Apple Card Credit In First Month. Goldman Sachs has doled out approximately $10 billion in credit lines for the Apple-branded credit card.

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Apple Cards Payments Capital 116

PYMNTS

FEBRUARY 21, 2020

Vendors looking to appeal to these corporate buyers’ shopping preferences and expectations must therefore ready online sales channels like merchant websites and B2B marketplaces. Businesses unable to safeguard their online shopping channels risk losing money to criminals and souring legitimate client relationships.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

MAY 31, 2017

Card processor TSYS is looking to heighten the security of mobile corporate payments. The company announced Tuesday (May 30) that it is enabling tokenization across its North American commercial card program, allowing businesses to let their own cardholders pay with a mobile device. To do this across all of our U.S.

Mobile 113

Mobile Cards Payments Samsung 113

PYMNTS

OCTOBER 10, 2018

Shortly after SoFi began to embark on the process of seeking a bank charter, Cagney stepped down from SoFi’s helm in September 2017. Securities and Exchange Commission, is an adviser to Figure. No word yet on what that product will look like exactly. Arthur Levitt, former chairman of the U.S.

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blockchain Online Capital Lending 124

PYMNTS

JULY 12, 2020

Dunzo has launched an internal investigation, the online news service reported. While it said users’ credit card numbers were not accessed, the company has not provided how many customers could have been impacted. Dunzo said it has taken steps to secure the gaps in its system and added additional layers of security protocols.

Google 200

Google Data Security Course 200

Bank Innovation

JANUARY 10, 2017

Avin Arumugam, senior vice president of the Internet of Things at Visa, has joined the speaker faculty for Bank Innovation 2017, which takes place March 6-7 in San Jose. Arumugam was at JPMorgan Chase for four years prior to his starting at Visa in May 2016. Recent video footage also Read More.

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San Jose Innovation Video social media 150

PYMNTS

OCTOBER 10, 2019

Today in the payments news roundup, average interest rates on credit cards are approaching record levels. Credit Card Interest Rates Rise To Near-Record Levels. Average interest rates on credit cards are coming close to record levels despite a 50-basis-point decline on a 10-year note yield. 14) in Switzerland.

Cards 109

Cards Payments Meeting Regulation 109

PYMNTS

MAY 4, 2017

The payroll card industry is far from immune to controversy. Especially in recent years, regulators have eyed the space amid waves of criticism over high fees associated with the cards or a lack of education given to employees about the payroll tool. million employees receiving wages on payroll cards as of 2016 (compared with just 5.5

Cards 100

Cards Industry Tools Regulation 100

PYMNTS

AUGUST 28, 2019

A significant share of Generation Z consumers — those aged 18 to 25 — are turning to buy online, pick up in store ( BOPIS ) purchasing models to meet their speed needs. The survey also found that 59 percent of respondents turned to BOPIS to get items faster than online shopping can provide. Risks and Automation Supports.

Retail 108

Retail Online Study Alaska 108

PYMNTS

JUNE 7, 2019

Yes, that’s painfully obvious, but it’s a lesson reinforced every day in commerce — a lesson that holds true as more shopping goes online and becomes ever more mobile. On Friday (June 7), EMVCo released its long anticipated EMV Secure Remote Commerce (SRC) Specification version 1.0. or its EMV 3-D Secure SDK specification.

Security 147

Security Cards Payments Online 147

PYMNTS

MARCH 7, 2019

Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. The hearing took place at a time of increasing scrutiny for online privacy and security. Equifax disclosed the hack in September of 2017. During a hearing for the U.S.

Data 177

Data Security National Online 177

PYMNTS

MARCH 29, 2017

The Consumer Financial Protection Bureau released its monthly complaint snapshot Tuesday (March 28) in which it reported that consumers continue to report problems when trying to fight charges on their credit cards. Consumers deserve clear guidance and need to be able to resolve problems that arise with their cards.”.

Cards 100

Cards Report Meeting Tools 100

PYMNTS

MARCH 6, 2018

After its point of sale (POS) systems were reportedly affected by malware designed to capture credit card information, RMH Franchise Holdings is warning that its Applebee’s restaurants in 15 states suffered a data breach. The company said all its 167 locations were impacted, Bank Info Security reported. “In

Data 141

Data Security Cards System 141

Bank Innovation

SEPTEMBER 27, 2017

What is the state of banking innovation today? Each year, we poll the industry to find out. Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it mean for innovation?

Innovation 257

Innovation blockchain Fintech Industry 257

PYMNTS

APRIL 18, 2019

Now, an unsealed indictment shows how the Manhattan DA’s office was able to take down the vendor after receiving a tip in 2017 about suspicious ATM withdrawals. ” The three men allegedly used a system to streamline their revenue as well, funding prepaid debit cards with bitcoin and withdrawing it as cash.

ATM 100

ATM Online New York Bitcoin 100

PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. Back in 2017, data revealed that eCommerce merchants, especially in the U.S., Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0 billion annually on FDP solutions in 2023.

Fraud 152

Fraud Study Retail Online 152

PYMNTS

NOVEMBER 12, 2018

Nordstrom has suffered a data breach that exposed employee names, Social Security numbers, dates of birth, checking account and routing numbers, salaries and more. Nordstrom had about 72,500 full- and part-time employees in 2017, and that number grew to 76,000 in December due to the holiday season.

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Data social media Seattle Security 188

PYMNTS

JUNE 14, 2018

Natural disasters shook the world in 2017. For those workers, stepping into an emergency area means getting operations up and running as quickly as possible, without waiting for wired funds to clear or for a corporate card to be issued in their names. Our evolution after a disaster is cash to PEX [payment card] to credit card.”.

Cards 100

Cards Tools Puerto Rico Management 100

PYMNTS

APRIL 5, 2018

ai, which provides online support services to Sears and Delta Air Lines, among other firms, informed Sears in the middle of March that the hack resulted in the unauthorized access of credit card information for fewer than 100,000 customers. 26, 2017, and was identified and resolved on Oct. The hack happened on or around Sept.

Data 110

Data Cards Security Operations 110

PYMNTS

JULY 19, 2019

Online payment system Jollypay has received a license to operate in the United Arab Emirates (UAE), and it’s one of the first foreign companies to do so, according to a release. . It was started in 2017 to aid in the company’s creation of a payment and services endeavor. .

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Operations ATM System Cards 139

PYMNTS

NOVEMBER 29, 2018

Rather than entering new payment information – including address and card details – users can easily enter Amazon account login info. “We’re delighted to offer Amazon Pay to our customers, as it is one of the most secure ways to pay for flights, as the user doesn’t have to re-enter their card details,” he said.

United States 168

United States Apple Retail Online 168

Bank Innovation

JUNE 8, 2018

What is the state of banking innovation today? Each year, we poll the industry to find out. Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. This year, the pressure for banks to innovate is high, as banks no longer […].

Innovation 220

Innovation Bitcoin Fintech Industry 220

PYMNTS

OCTOBER 26, 2016

It’s been a busy 12 months since the last Money20/20, as new technologies and threats have disrupted the security space time and time again. Similarly, the continued steady global increase in the use of mobile devices helped fuel the development and release of new tools to security companies, as well as access to richer, deeper user data.

Security 100

Security Mobile Las Vegas User Experience 100

PYMNTS

JULY 1, 2019

This is not the first time the chain has experienced fraud issues – it suffered a data breach at 2,250 of its restaurants in 2017, and the ensuing investigation found that hackers searched for data on the magnetic strips of customers’ credit cards. The Ineffectiveness of Card Verification in the Digital Age.

Fraud 167

Fraud Mobile Cards social media 167

PYMNTS

AUGUST 24, 2018

Behind the tailwind driving that profit lies an engine worthy of some examination: credit card spending. Within that timeframe, the value of credit card transactions got a big boost – to the tune of 43.8 trillion worth of transactions in 2017 through October, compared to $49 billion in the U.S. trillion yuan. trillion renminbi.

Mobile 107

Mobile Cards Payments Lending 107

BankBazaar

JULY 31, 2023

With this innovation, customers could complete the Know Your Customer (KYC) process online, swiftly and effortlessly. 2017’s Game-Changer: Credit Score Platform In 2017, BankBazaar opened the gateway to financial freedom with the launch of a digital Credit Score platform. First of all, so many options to choose from!

Innovation 148

Innovation Cards Branding Tools 148