article thumbnail

Mastercard’s Threat Scan Helps Banks Detect Vulnerabilities

PYMNTS

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat scan intuitively mimic fraudulent behavior and can be used in conjunction with tools already in place.

Boston 177
article thumbnail

Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region. Amy is an exceptional entrepreneur,” said Nick Cayer, partner at Boston-based Great Hill Partners. In 2019, Porter took on the role of executive chairman at AffiniPay.

Industry 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

And Then There Were 20 — The Amazon HQ2 Finalists

PYMNTS

Austin, Boston, New York and D.C. Boston, Massachusetts. When Amazon came to Seattle, Washington, it changed the region through a boom in development to keep up with growth in employees and higher rent prices. all made the cut, as did some surprises like Columbus, Ohio. Politicians across the U.S. Austin, Texas. Columbus, Ohio.

Columbus 101
article thumbnail

Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said.

Boston 109
article thumbnail

Digital payments on the rise in India – what does this mean for the region?

NCR

At the moment, some parts of this region are still heavily cash dependent, with research from McKinsey and Capgemini suggesting just two per cent of transactions in emerging nations of Asia-Pacific were cashless last year – though this rises to 35 per cent in developed countries. With more than 1.3 India set for a digital boom.

article thumbnail

Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Maven had already began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City. Facebook closed a $5.7

article thumbnail

Early Days: AI Shows Promise And Limitations For Retailers

PYMNTS

“AI simply hasn’t been around long enough, nor has it been adopted by enough companies, for us to determine all the ways it will ultimately drive value,” said Michael Scharff, CEO of Evolv Technologies , which provides retailers with AI expertise. That’s not to say AI won’t play a significant role, especially as it continues to advance.”.

Retail 203