PYMNTS

JULY 7, 2020

As a result, exchanges, and those who help them, will probably need to authenticate user identities and follow other digital asset procedures that FATF put forward in 2019. In other news, blockchain company Binance has acquired digital wallet and Visa debit card platform Swipe, according to an announcement.

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blockchain Regulation Data Cards 163

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

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

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. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits. FICO’s Take on Debit Security.

Cards 131

Cards Technology social media Meeting 131

FICO

APRIL 12, 2023

mortgage-backed securities (MBS) being held or traded by institutions and investors, a staggering sum that dwarfs the GDP of every other nation except the U.S. mortgage-backed securities (MBS) being held or traded by institutions and investors, a staggering sum that dwarfs the GDP of every other nation except the U.S.

Security 52

Security America Analytics Groups 52

PYMNTS

JULY 30, 2020

Report: India’s National Payments Corp Vulnerable To Security Breaches. National Payments Corp. of India (NPCI) discovered over three dozen security risks in 2019. OnDeck shareholders will receive 12 cents in cash and 0.092 shares of Enova common stock for each of their shares.

Report 133

Report Payments National Maine 133

PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

Technology 208

Technology Report Fraud Study 208

PYMNTS

FEBRUARY 21, 2020

regulators to secure a national bank charter, in turn clearing the runway for the entity to accept consumer deposits. Commercial contactless cards: These continue to gain traction, as evidenced by a report from HSBC, which shows that in the U.K., Data breaches: MGM has admitted to a 2019 hack , where 10.6

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

FEBRUARY 14, 2020

11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. Is No-Factor Authentication Digital Security’s Future?

Retail 141

Retail Cards Millennials Fraud 141

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? In 2019, enhanced credit underwriting via digitally contributed-consumer data will hit the mainstream. We will be closely monitoring the odds-to-score relationship in 2019. revolver vs. transactor).

Trends 63

Trends Fraud Data National 63

PYMNTS

OCTOBER 8, 2019

More than 40 percent of companies overall said protecting consumer credit and debit card information is their biggest cybersecurity concern, eclipsed only by concerns of protecting customer records and intellectual property. The firm surveyed more than 300 U.S. 37 percent of SMBs said the U.S.

Survey 134

Survey Taxes Data Report 134

PYMNTS

APRIL 23, 2020

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The acquisition was finalized in July 2019 for $34 billion. To learn more on these and other stories, visit the Tracker’s Feature Story.

Digital Banking 262

Digital Banking Security Innovation Google 262

BankBazaar

JULY 9, 2019

Has the advent of the Aadhaar Card brought in a lot of positive changes? Parliament passed an amendment bill on Monday, 9th July, 2019, allowing for the voluntary use of Aadhaar as ID proof for anyone wanting to open a bank account or get a mobile phone connection. But you can wish these worries away if you have an Aadhaar Card.

Cards 90

Cards Security How To National 90

PYMNTS

MAY 16, 2019

A recent report from KrebsonSecurity said that “until quite recently, credit card data stolen from online merchants has been worth far less in the cybercrime underground than cards pilfered from hacked brick-and-mortar stores. One big reason, according to the report? In April, news emerged concerning the QSR chain Chipotle.

Retail 218

Retail Online Cards Data 218

PYMNTS

SEPTEMBER 24, 2020

Social Security numbers. Fraudsters] will call up customers pretending to be bank employees and ask the customers to share their passwords, debit card details, PINs, et cetera. billion in losses in 2019, according to a recent study, although it has declined from $20 billion in 2013. Identity fraud accounted for $16.9

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Video Fraud Digital Banking System 205

PYMNTS

DECEMBER 16, 2019

A recent National Restaurant Association (NRA) survey found that 43 percent of consumers want to order via app, but only 18 percent of NRA members have it on the menu. Credit/debit card pilferage is their core trade, so naturally, they’ve latched onto gift cards in a big way.

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Mobile Fraud Cards Survey 134

PYMNTS

NOVEMBER 5, 2019

The type of tax paid — capital gains tax, corporation tax, income tax, national insurance contributions, stamp taxes or VAT — will be decided by the tax authority. I think this is a problem that requires a lot of solutions and a lot of layers of security. You have to be aware that you could lose control of your phone,” he said.

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Taxes Bitcoin blockchain Seattle 100

PYMNTS

DECEMBER 16, 2020

More than 100,000 eateries — or about one in six restaurants nationwide — have closed due to the pandemic, according to National Restaurant Association estimates. More than $134 million was lost to such scams in 2019, according to the Federal Trade Commission (FTC), while $117 million was lost to them during the first half of 2020 alone.

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Fraud social media Mobile Trends 310

PYMNTS

MAY 14, 2019

The company said: “It was confirmed on May 10, 2019 that an unauthorized login by a third party other than the customer occurred on the online store site operated by our company.”. The company said partial credit card info “may have been browsed,” but that there is “no possibility of leakage” in credit card security codes.

Retail 164

Retail Data Resources Cards 164

PYMNTS

OCTOBER 8, 2020

Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others),” according to the release.

Report 247

Report Fraud Risk Management America 247

Abrigo

MARCH 4, 2022

The most common method for developing a synthetic identity scheme begins with the theft of a Social Security Number (SSN). man pleading guilty to multiple felonies, including money laundering, for his role in a national fraud ring that resulted in the theft of more than $1 million from financial institutions. billion in 2019 to $2.42

Fraud 195

Fraud Cards Software Trends 195

PYMNTS

FEBRUARY 28, 2020

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. million-member Desjardins Credit Union, fell victim to one in June 2019. CUs’ Tools To Secure Member Privacy . It also revealed that 60.8 Data Breaches Within And Without.

Data 131

Data California Security Pennsylvania 131

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Even more troubling, however, is the cloud security company’s finding that most SMBs estimate the cost of a data breach to be just $10,000. Stronger passwords.

Data 202

Data Los Angeles Survey Cyber Security 202

PYMNTS

JULY 12, 2019

The world’s population is expanding and many citizens — particularly those in developing nations — have no means of proving their identities, restricting their access to vital services like education and healthcare. Mobile devices enable fast and secure access to services, many of which are solely available online.

Mobile 108

Mobile National Samsung Case Study 108

Abrigo

JULY 1, 2021

By Vanessa Russell, Founder and Executive Director of Love Never Fails According to the National Human Trafficking Hotline , working in the financial industry provides you the opportunity to report suspicious behavior involving 92% of the various types of human trafficking. Let’s keep it going!

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Training Conference Community Video 370

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). Credit cards typically contain a chip or require a PIN.

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Groups Regulation Fraud Security 131

Abrigo

APRIL 2, 2020

In addition, with the passing of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), fraud has increased with scams offering to rush stimulus checks to individuals for a fee. Be cautious of any charities requesting donations by cash, gift card, or wire transfer Be alert to “investment opportunities” - The U.S.

Fraud 335

Fraud Resources Software Training 335

PYMNTS

DECEMBER 27, 2019

The PYMNTS December 2019 Credit Union Tracker looks at the changing topography of the CU space, as digital transformation challenges the “all for one, one for all” mentality that has undergirded their business model since the 1800s. Strong balance sheets in key areas like credit card debt ($64.4 A Small Change It’s Not.

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Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

DECEMBER 9, 2019

You might be shocked to discover that fully 42 percent of businesses still used paper checks as their main payment method in 2019. Instant” is becoming the posted speed limit nationally and globally for transactions. Do you opt-out of the “new, faster way” because it contradicts the way you’ve always done it? Probably not.

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Millennials New York City National New York 130

PYMNTS

JANUARY 10, 2020

Headed into the new year, gas station and convenience store chain Wawa said it discovered a data breach in which thousands of customers’ debit and credit card information was stolen. Wyze Labs , which makes Internet of Things (IoT)-connected security cameras, said the information of as many as 2.4 for a cyberwar. Mall Vacancies: U.S.

United States 141

United States National Data New York 141

PYMNTS

APRIL 30, 2020

The international eCommerce market grew to $412 billion by the end of 2019 — a 4 percent improvement over the previous year. Buyers used local payment methods for 77 percent of worldwide eCommerce in 2019, and that figure is projected to reach 82 percent by 2024. Cards can be critical to serving the U.K. and Scandinavia.

Payments 131

Payments Cards Online Resources 131

PYMNTS

JULY 23, 2020

Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year. Just 13 percent of Brazil’s population subscribes to broadband internet services, for example, and more than 45 million of the nation’s adults remain unbanked.

America 165

America Regulation Regional Tools 165

PYMNTS

NOVEMBER 20, 2019

A new study from the National Restaurant Association found that only 18 percent of restaurants offer mobile ordering via their own apps, despite 43 percent of consumers wanting to place orders via such methods. The QSR recently announced on an earnings call that its digital sales for Q3 2019 increased 87.9 percent to $1.4

Fraud 111

Fraud Mobile Study Cards 111

PYMNTS

NOVEMBER 2, 2020

Payments and banking products were pushed to the head of the digital-first line thanks to the pandemic, leading to the acceleration of contactless and card-not-present commerce. Those processors will in turn work with issuing banks to offer near-instant issuance of cards.”. Superconnected Homes as Digital-First Command Center.

Study 205

Study Cards Payments Innovation 205

PYMNTS

MAY 2, 2019

Dunkin’ Brands CEO Dave Hoffmann said in the company’s earnings conference call on Thursday (May 2) that the company secured the perpetual license last year to the code that runs the Dunkin’ mobile app. In the past, members of the DD Perks program could receive points from the coffee quick-service chain by paying with a gift card.

Mobile 123

Mobile Innovation Branding National 123

PYMNTS

AUGUST 15, 2019

And insofar as they shopped online, cards (credit and debit) were preferred by nearly three-quarters of respondents. In the intervening several years, several forces, most notably the Japanese government, have actively pushed to get the nation off its cash addiction — and into digital payments. percent).

Mobile 154

Mobile Payments National Marketing 154

PYMNTS

FEBRUARY 27, 2019

Faster payment schemes are advancing worldwide, with the global real-time payments market expected to increase at a compound annual growth rate (CAGR) of 32 percent between 2019 and 2025. Deep Dive: Security in the Time of Faster Payments. New initiatives are also rising in the U.S., Get the full story in the Tracker.

Nebraska 144

Nebraska Risk Management Apple Payments 144