PYMNTS

FEBRUARY 10, 2020

In retailing it’s usually a good thing when you’re the first to do something. And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 15 that hackers stole customer names, credit card numbers and other personal information. Security Boulevard research shows that as of Dec.

California 156

California Retail Compliance Data 156

Bank Innovation

JANUARY 8, 2020

While chip cards are becoming a mainstay at brick-and-mortar retail checkouts, gas pump payment technology lags behind. gas station owners until October of this year to upgrade pumps to accept EMV chip cards, rejecting a deadline extension request from the Merchant Advisory Group. Visa and Mastercard have given U.S.

Cards 259

Cards Meeting Groups Retail 259

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. The latest PSD2 Tracker looks into how EU merchants and retailers could leverage biometric authentication to better comply with SCA. Previous efforts for the U.S.

Compliance 130

Compliance Guidelines Regulation National 130

PYMNTS

FEBRUARY 10, 2020

In retailing it’s usually a good thing when you’re the first to do something. And except when you’re the first retailer to get rung up under the new California Consumer Privacy Act (CCPA). 15 that hackers stole customer names, credit card numbers and other personal information. Security Boulevard research shows that as of Dec.

California 130

California Retail Compliance Data 130

PYMNTS

JANUARY 2, 2020

50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . The fine for non-compliance is going to be ?5,000 The finance ministry in India passed a new regulation saying that companies with sales of more than ?50

Cards 130

Cards blockchain Retail Cyber Security 130

PYMNTS

DECEMBER 16, 2019

Mastercard is partnering with CleverCards and Appreciate Group to offer gift cards directly to mobile wallets, Mastercard announced in a press release on Monday (Dec. The Select Digital Gift Card can be sent immediately by email, text or messaging app, and is available now as a last-minute Christmas present. billion in 2019.

Cards 131

Cards Mobile Groups Compliance 131

PYMNTS

SEPTEMBER 18, 2017

How secure do you feel when it comes to payments? Consider a survey commissioned by payment, telecom and financial data solutions provider Transaction Network Services (TNS), which found that 85 percent of adults across the United States, the United Kingdom and Australia believe fraud attempts on debit and credit cards are on the upswing.

Security 152

Security Payments Survey Cards 152

PYMNTS

JANUARY 22, 2021

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. The company offers a range of services, including business accounts, commercial cards, bill payment, expense reimbursement and accounting. The company recently announced $6.5

Security 204

Security Fintech Capital Management 204

PYMNTS

MAY 31, 2017

Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,

Security 192

Security System Fraud Tools 192

Perficient

FEBRUARY 2, 2023

Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. million this year and 94.4 million in 2024.

Industry 471

Industry Trends social media Payments 471

PYMNTS

JULY 12, 2019

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Other figures also point to how much consumers are spending on legal retail pot. Legal retail cannabis may be spreading throughout the U.S., Companies also have made more than $6.5

Retail 154

Retail Colorado Regulation Compliance 154

PYMNTS

JULY 17, 2019

While regulatory and governmental bodies are still debating PSD2’s full reach, the latest PSD2 Tracker looks at how retailers are approaching SCA as they face potential losses under the rule. Cas Paton, OnBuy founder and managing director, discussed the challenges of SCA compliance in an interview with PYMNTS. For example, U.K.-based

Retail 162

Retail User Experience Compliance Regulation 162

PYMNTS

JUNE 5, 2020

Partnering with FinTechs that have lax security creates very real issues: Criminals could abuse open banking-powered payment apps to launder money, for example, or take over accounts and steal victims’ funds. The federal entity is charged with monitoring the U.S. Even if your products are not covered per FinCEN in the U.S.,

Security 174

Security Fintech Data Fraud 174

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.

Technology 248

Technology User Experience Fraud Comparison 248

Bank Innovation

FEBRUARY 25, 2019

Security firm Gemalto will offer biometric EMV payment cards to its bank customers using biometric company Fingerprint Cards’ T-Shape sensor and licensing its recently-launched Biometric Software Platform for payments. Gemalto’s roughly 300 digital banking […].

Cards 170

Cards Payments Software Digital Banking 170

PYMNTS

MARCH 17, 2016

Sage Pay is taking its partnership with a voice services company to a more secure level. “Aeriandi and Sage Pay’s portfolios of secure voice and eCommerce solutions complement each other extremely well, making this partnership a natural fit,” stated Richard Aldred, business development manager for Sage Pay, in the release.

Security 100

Security Data Compliance Industry 100

PYMNTS

DECEMBER 13, 2019

In an interview with PYMNTS, David Phister, director of systems security product management at Diebold Nixdorf , said that when it comes to combatting fraud, “holiday seasons are always tough.” In many cases, the fraudsters’ devices are wireless-enabled, so data is very quickly extracted so they can use it to create fake cards.”. “In

ATM 227

ATM Fraud Cards Security 227

NCR

DECEMBER 11, 2017

Banking security is everyone’s responsibility. Lack of compliance a common problem. In particular, it noted a correlation between poor Payment Card Industry Data Security Standard (PCI DSS) compliance and an inability to adequately defend a business against cyber-attacks.

Compliance 72

Compliance Data Fraud Security 72

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Cards 98

Cards US Data Fraud 98

PYMNTS

JANUARY 14, 2021

The process of B2B procurement between diamond vendors and jewelry retailers is often stuck on legacy processes like phone calls, emails and paper check payments, creating the same kinds of bottlenecks and inefficiencies that plague other markets. A B2B eCommerce Evolution. The diamond sector isn't a total stranger to digital procurement.

Industry 204

Industry Strategy Retail Trends 204

PYMNTS

AUGUST 9, 2019

Many European merchants are grappling with unanswered questions regarding PSD2 Strong Customer Authentication (SCA) compliance, even with the regulation’s implementation nearly a month away. The association includes retail members all across Europe, including Carrefour, Coop and Amazon. Their views weren’t taken into account.

Compliance 108

Compliance Retail Cards Online 108

PYMNTS

MAY 6, 2019

PCI compliance is top of mind for many organizations, with a burden and commitment from the chief financial officer (CFO) suite that is not nominal — and quite capital intensive. The capture can include just the payment card information or personally identifiable information (PII) as well.

Fintech 199

Fintech Security Examples Compliance 199

Payments Source

JUNE 2, 2016

The National Retail Federation wants the Federal Trade Commission to do more than merely check up on the companies that routinely assess merchants for compliance with the Payment Card Industry Data Security Standards (PCI DSS).

Retail 60

Retail Compliance National Security 60

PYMNTS

NOVEMBER 11, 2019

The November AML/KYC Tracker® details the latest security regulation changes, as well as how companies are leveraging new technologies to remain compliant and strengthen their fraud protections. The pair are located in different regulatory jurisdictions and thus present different compliance needs. Around The AML/KYC World.

Video 161

Video Fraud Compliance Security 161

PYMNTS

NOVEMBER 13, 2020

Managing inventory, B2B payments and a plethora of food and beverage vendors can be a headache for any kind of restaurant, bar or retailer. Retailers that sell alcohol must be able to understand exactly which products they have in stock, and which products are generating the most revenue for the business.

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

AUGUST 23, 2019

Corporate eCommerce card company Brex recently announced a partnership with leading SaaS eCommerce platform BigCommerce. Amazon continues its commitment to expanding into India with the purchase of a 49 percent stake in Future Coupons, which is owned by India’s second largest retail chain, Future Retail.

Marketing 116

Marketing Millennials Payments Compliance 116

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Telcos and retailers weren’t far down the list.

Security 100

Security CA Payments Big Data 100

PYMNTS

OCTOBER 1, 2019

where at least one vital and robust sector of commerce has yet to adopt the global security standard en masse. It’s not hard to find experts who predict that, even with the new date, gas stations will fail to comply with the deadline, which is set by card networks. 1, 2020 — at one point, the deadline was in 2017. LISNR Offering.

Innovation 167

Innovation Customer Experience Retail Operations 167

PYMNTS

JUNE 6, 2016

The National Retail Federation has asked the FTC to investigate the Payment Card Industry (PCI) Security Standards Council on the grounds that credit card companies “unfairly leverage their brands.” The NRF further notes that the government ought to find a new method by which to benchmark data security.

Security 100

Security Software Retail Cards 100

PYMNTS

MAY 3, 2019

In a press release on Thursday (May 2), Pundi X said Open Platform will let developers and corporates list digital tokens, and create custom XPASS cards. The firm’s compliance team will review all custom tokens designed on the platform. “There will be a review process to list the digital assets.

blockchain 190

blockchain cryptocurrency Compliance Cards 190

CFPB Monitor

JULY 29, 2022

and related entities (collectively, “Harris Jewelry”), a national jewelry retailer that markets and sells military-themed gifts, to resolve their lawsuit which alleged that Harris Jewelry had engaged in unlawful sales and credit practices targeting servicemembers. The FTC commissioners approved the stipulated final order by a 5-0 vote.

National 78

National Retail Regulation New York 78

Payments Source

MAY 29, 2018

But experts say retailers' prioritization of EMV compliance contributed to other payment card security gaps, leading to the current high level of merchant data breaches. A direct correlation between the chip migration and rampant merchant data breaches is hard to prove.

Data 67

Data Compliance Security Retail 67

PYMNTS

MAY 2, 2017

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016.

Fraud 150

Fraud Data Cards Retail 150

PYMNTS

JUNE 18, 2020

Introduced two years ago, SCA is designed to ensure electronic payments are authenticated in multiple ways to boost security and curb fraud. Credit cards typically contain a chip or require a PIN. Other, better security solutions should be considered collaboratively. But this has not been true for online transactions.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

FEBRUARY 13, 2019

Whether it’s ordering via a ride-hailing app, or streaming their favorite TV shows, they want it to be fast and secure. As such, digital services are racing to deliver a fast and secure experience, while appealing to consumers’ varied preferences around the globe. Digital Services and Their Impact.

Mobile 133

Mobile Data Security Compliance 133

PYMNTS

OCTOBER 28, 2016

Coinsource has built an organization that’s built to scale and to do so while meeting or exceeding varying levels of compliance,” said Coinsource CEO and Cofounder Sheffield Clark. What about gift cards? Research says millennials love gift cards , so that may be a way to create a budding bitcoin trend. Just like cash.

Bitcoin 100

Bitcoin ATM Cards Los Angeles 100

PYMNTS

APRIL 26, 2019

Visa’s newest APIs will help those within the Visa ecosystem to create digital cards on demand and add digital services. Is Apple Card Already Changing Payments? Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. Welcome to the PYMNTS Weekender. We hope you enjoy.

Bitcoin 175

Bitcoin Apple Cards Compliance 175