PYMNTS

OCTOBER 23, 2017

Oh, and security, too – but not at the expense of that frictionless user experience. Although some customers ( millennials : cough, cough) may value convenience above all else, that youthful sense of fiscal invincibility does not extend to their elders, who place a higher premium on transaction security. What do consumers want?

UX 116

UX Security User Experience Millennials 116

PYMNTS

SEPTEMBER 29, 2017

The EU’s PI licensing requirements are especially stringent, with strict requirements on PI infrastructure, shareholder qualifications, Know Your Customer (KYC) and AML policies and information security programs. To date, only 10 companies have obtained the license in Luxembourg.

Security 129

Security Payments Fintech United States 129

PYMNTS

NOVEMBER 12, 2019

Meanwhile, Amazon is opening its first branded grocery store , and there are questions about discrimination and the Apple Card. Amazon To Open First Branded Grocery Store. Goldman Denies Discriminatory Apple Card Practices, Says It Will Reassess Limits. NEW REPORT: With 5G Anticipation Building, Security Threats Loom.

Apple 101

Apple Cards Tools Branding 101

Cisco

NOVEMBER 15, 2022

Venmo solved a problem of an individual wanting to pay another individual (or even small business) without having to use cash, check or even debit/credit card. Open banking allows third-party financial services companies to access consumer banking, transaction, and other financial data via the secure use of APIs. Open banking happened.

Innovation 156

Innovation Security Data Innovation Strategies 156

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

Payments 195

Payments Regulation Security Data 195

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

PYMNTS

JULY 24, 2020

These marketplaces need to have strong security approaches in place, however, to ensure they do not accidentally onboard any fraudulent sellers or let other scams be perpetrated across their platforms. The collaboration is expected to give Visa’s global merchant and card network access to M-Pesa’s financial services network.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

JUNE 19, 2020

Security Save Of The Week: Blocking The Biggest DDoS Attack Attempt Ever . Experts are predicting the promotion — dubbed the “Big Style Sale” — might be just the lifeline that apparel brands desperately need to reach radically diminished customer bases. On June 22, shoppers will reportedly have the big Amazon sale to look forward to.

Security 141

Security Georgia Branding Course 141

PYMNTS

MARCH 31, 2020

MatchMove’s LightSpeed solution won top honors in the category “Best Payments Innovation of the Year” in the 4th Payments and Cards Awards 2019 held in Mumbai, India. MatchMove said LightSpeed is a “powerful, out-of-the-box solution, which enables you to launch your own branded payments platform within minutes.”.

Fintech 168

Fintech Regional Security Lending 168

Chris Skinner

MARCH 15, 2017

Building on my challenger bank discussions, there’s some interesting points coming out of a new report by Price Waterhouse Coopers (or Playing the Wrong Cards as they’re now called, after the Oscars) on challenger banking. It’s well worth a read, especially as they found that having branches is more important than mobile apps.

Regulation 291

Regulation Retail Survey Mobile 291

Cisco

JULY 12, 2021

Convenience is what consumers want, but they want it without compromising on the security of their data or their financial assets. Account Takeover Fraud can happen when a SIM card in the customers mobile phone is compromised with a SIM swap attempt. Possession – something only the user possesses such as security tokens.

Fraud 167

Fraud Mobile Security Customer Experience 167

PYMNTS

FEBRUARY 26, 2019

Ordering must not only be seamless, but needs to keep customers’ identities and card details safe. The Tracker also looks at the security challenges that QSRs are tackling as they work to keep fraudsters away. As the mobile app space gets more saturated, most brands are leaning hard on their loyalty and rewards programs for a boost.

Fraud 186

Fraud Mobile Branding User Experience 186

PYMNTS

NOVEMBER 17, 2020

Mastercard’s $825 million move to acquire Finicity, which provides access to financial data in real time, is inching ahead after the deal gained the approval of federal regulators. Securities and Exchange Commission (SEC) on Monday (Nov. Airbnb Files for IPO, Warns of Volatile Future. Airbnb filed paperwork with the U.S.

Payments 130

Payments Michigan Fraud Digital Strategies 130

Gonzobanker

MAY 14, 2021

The Fed’s proposed change to the Durbin Amendment could mean big losses in payment card interchange income for financial institutions. This week marks the 10 th anniversary of the Durbin Amendment (Regulation II) to the Dodd-Frank law that went into effect on Oct. for card present (CP) volume. versus $32.65 for CP transactions.

Cards 146

Cards Regulation Conference Online 146

PYMNTS

JANUARY 10, 2019

Very few of the participants in the payment ecosystem are remotely ready,” he said, “and that goes for the card brands and the payment service providers.”. To get there, he said, PSPs and the card schemes can help guide merchants through new compliance territory. Delving into SCA. Looking for Exemptions.

Guidelines 173

Guidelines Compliance Fraud Cards 173

PYMNTS

DECEMBER 10, 2018

It’s the decoupled debit card. Capital One made the headlines then – a genius move, many called it at that time, for an issuer that lacked demand in deposit accounts and had no other way to provide a debit-like offering that would make their brand sticky to consumers. Merchants paid less when they accepted those cards.

Branding 184

Branding Cards Payments New Jersey 184

Gonzobanker

JUNE 7, 2023

Two things pop: Charlie lets customers receive their Social Security checks up to four weeks early without paying fees or interest, and the startup – which partners with Sutton Bank – offers phone support. Yes, Chime offers advancements on Social Security payments, but make no mistake: The popular neobank’s target audience is young adults.

Los Angeles 117

Los Angeles Fintech Digital Banking Tools 117

PYMNTS

JULY 21, 2020

Mastercard on Monday (July 20) announced the expansion of its cryptocurrency partner program to streamline the process for crypto-wallet providers to issue secure, compliant payment cards to their customers. It’s issuing Mastercard-branded payment cards that will allow consumers to pay with cryptocurrency reserves. “We’ve

cryptocurrency 318

cryptocurrency blockchain Bitcoin Examples 318

PYMNTS

APRIL 20, 2018

A perfect storm of regulatory changes and card brand rule changes has left many merchants wondering to whom, exactly, they are beholden and what, exactly, they must do to comply. Regulations can feel a bit abstract and overwhelming on paper, especially when so many changes are happening at once. The Bottom Line.

Regulation 105

Regulation Data Security Regional 105

PYMNTS

AUGUST 11, 2016

A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. The proposed rule called for money stored on prepaid cards to count toward the requirement on the part of the U.S. According to a report by Reuters , the U.S.

Cards 100

Cards Millennials Industry Tools 100

PYMNTS

AUGUST 14, 2019

For these transactions to run smoothly, however, communication must remain seamless and secure. The platform, which relies on InstaReM’s existing global digital ecosystem that supports payments and remittances, enables companies to more easily issue branded cards without having to obtain multiple licenses.

Fintech 168

Fintech Payments Cards Regional 168

PYMNTS

JUNE 1, 2020

i2c’s McCarthy noted that looking back over the past 10 years, “I wouldn’t have believed the types of structural changes we’ve seen” where the advent of PayPal, Zelle, contactless cards, and mergers and acquisitions that have created companies with full suites of payment products have made the shift easier.

Payments 172

Payments Fraud Security Technology 172

PYMNTS

JULY 29, 2019

FINRA’s regulations state that most employees at the firms it oversees must be screened for criminal history as well as fingerprinted, regardless of whether the employee is registered with FINRA or involved with investment decisions.

Branding 108

Branding Cards Regulation Report 108

PYMNTS

NOVEMBER 12, 2018

Fraudsters are not just increasing the frequency of their attacks against retailers, they’re also getting smarter and changing how and when they attack retailers in order to cause the most damage and reap maximum rewards, according to Shamoun Siddiqui, vice president and chief information security officer at Neiman Marcus.

Fraud 148

Fraud Retail Cards System 148

PYMNTS

MARCH 14, 2018

“The important thing to remember here is this is a brand-new, very complicated space,” warned John Oliver on last weekend’s episode of “Last Week Tonight.” The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports.

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

PYMNTS

JANUARY 28, 2019

It is also, according to reports, a favored new method by thieves, who will access someone else’s credit card information, use it to create a Fortnite account and then buy V-bucks, the game’s currency. Capital One ’s further reprots domestic card loans increased 8 percent or $5.8 Credit card loans increased 5 percent to $116.4

Video 128

Video Data Google Cards 128

PYMNTS

JANUARY 29, 2018

Alipay is continuing its global expansion, forging new partnerships with French apparel brand Lacoste and Verifone. Meanwhile, merchants doing business in, or with, the European Union, are facing a new set of payment regulations. The past few weeks delivered several notable disruptions to the world of international payments.

blockchain 111

blockchain Trends Policies Branding 111

PYMNTS

JUNE 29, 2017

From credit card companies to retailers and consumers, there are many key stakeholders in the commerce process, both on and offline. Keeping in line with eCommerce’s rise, we’re seeing more companies align themselves with a particular credit card company to increase brand recognition and awareness.

Payments 143

Payments Retail Branding User Experience 143

PYMNTS

JANUARY 19, 2021

COVID has put pressure on brands to find solutions for their direct-to-consumer [D2C] strategy,” he said. As more brands embrace eCommerce, he added, joining online platforms solves only some of the challenges of international, cross-border efforts — namely, setting up digital storefronts and reaching consumers.

Branding 322

Branding Taxes Fraud Regulation 322

CFPB Monitor

SEPTEMBER 22, 2022

The CFPB cites a 2017 study published by TransUnion which, to the surprise of the study’s authors, found that consumers with at least one active personal loan, auto loan, mortgage, and credit card prioritized personal loan payments above the other three. To explain this behavior, the CFPB offers two hypotheses.

Report 78

Report Regulation Data Cards 78

PYMNTS

SEPTEMBER 24, 2018

The test, noted the report, is being conducted under the Advance brand name. According to reports , the new service would provide business owners with access to funds one to two days after applying for the money. Stripe has started to alert customers about the service and issue loans.

Online 164

Online Software Retail Payments 164

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway? So far, so good.

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

JANUARY 17, 2019

is to pay federal and state regulators penalties of $11 million for allegedly opening fake store card accounts. Sterling Jewelers, a subsidiary that operates over 1,500 locations across the country with different brands, signed the settlement, The Wall Street Journal reported.

Regulation 116

Regulation Policies Cards Meeting 116

PYMNTS

OCTOBER 3, 2019

Brex Co-Founder and Co-CEO Henrique Dubugras said in a press release , “Even before customers think about credit cards, they need a place to store their business capital. Malaysia Regulators Want To Slap Grab With $20M Fine. MyCC decided that Grab used its marketplace position to thwart any rivals.

Management 108

Management Fraud Payments Boston 108

PYMNTS

JANUARY 29, 2019

Which brands will blow it? Will Tom Brady turn in his jersey after the game for an AARP card and hit the celebrity golf circuit? It all comes down to security, authentication and fraud prevention. There is always talk about getting ahead of the regulators, and that actually happens sometimes. Which team will win?

Online 169

Online Las Vegas New Jersey Fraud 169

PYMNTS

OCTOBER 18, 2016

According to a report , which cited findings from the Payment Card Industry Security Standards Council (PCI), the eyeopening fines would be part of new European Union legislation that will set penalties for security breaches at 4 percent of global turnover to a maximum of £18 million. Cybersecurity breaches could result in U.K.

Security 100

Security Report Regulation Branding 100

PYMNTS

APRIL 3, 2019

Now, five years later, many coffee brands are clamoring to compete with mobile apps, loyalty points, online payments and even home delivery services. With major brands like Starbucks nipping at the company’s heels, being on mobile isn’t enough, he said. Costa Coffee , the U.K.’s Costa Coffee , the U.K.’s

Mobile 101

Mobile Innovation UX Security 101