South State Correspondent

FEBRUARY 22, 2024

Of course, the situation gets worse as most banks, other than real estate, don’t invest with a ten-year or longer horizon. After adjusting for risk and cost, individual securities and loans perform approximately the same. Securities add no long-term value while loans contribute about 10% ( HERE ) to value.

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PYMNTS

JULY 27, 2017

But included in this report are stats that earned a bit less attention: Credit and debit cards currently account for 11 percent and are headed to increase only slightly by 2020 to make up 12.5 We sit around and go, ‘Why aren’t companies looking into virtual cards as an option?’”. That’s really what we come up against.”.

Cards 101

Cards Payments Course Security 101

Bussman Advisory

OCTOBER 7, 2023

Source Samsung’s IoT-Trackable Credit Card: Samsung unveils revolutionary card that can be physically tracked Samsung has unveiled a unique credit card in South Korea that can be tracked using its SmartThings Find service. Tokenizing funds can enhance liquidity and market access.

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PYMNTS

MARCH 28, 2017

Adoption of virtual cards in B2B payments is gradually increasing as companies take to the greater security and convenience of the tool. Today (March 28), B2B payments and invoicing platform Viewpost announced a partnership with Visa to allow businesses using the portal to pay suppliers with virtual cards. The reason?

Cards 100

Cards Payments Training Security 100

PYMNTS

JULY 12, 2020

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. At the time, the company was valued at around $200 million.

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Google Data Security Course 200

PYMNTS

OCTOBER 5, 2020

“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

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Payments Fraud Fintech Tools 326

PYMNTS

SEPTEMBER 14, 2016

Virtual cards have a dirty, little secret , and the B2B payments space is beginning to catch on: For a technology that’s touted as an all-electronic way for corporates to pay, virtual cards sure do involve a lot of paper. Finally, email has caught up with greater security needs.

Cards 100

Cards Security Payments Technology 100

PYMNTS

JANUARY 14, 2020

As reported last year, the major networks – including American Express, Visa, Mastercard and Discover – said they would implement the EMV Secure Remote Commerce standard, with click-to-pay technology, with wide availability beginning in 2020. Click-to-pay is interoperable with the EMVCo tokenization and the 3-D Secure specifications.

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New York Security Cards Retail 170

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. It was never meant to be shorthand for, well, you – proving that you are who you say you are, serving as a gateway to all manner of sensitive data and, of course, financial accounts. That is what happens when politicians create rules,” Madhu said.

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Security Data Fraud Regulation 109

PYMNTS

DECEMBER 21, 2018

A bipartisan bill has been introduced by Congress that would aim to amend the Securities Act of 1933 and the Securities Exchange Act of 1934. “In the early days of the internet, Congress passed legislation that provided certainty, and resisted the temptation to over-regulate the market. According to CNBC , Reps.

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PYMNTS

JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. The course includes webinars, detailed notes and course material.

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PYMNTS

JULY 23, 2018

This one may be familiar: Wide receiver and cryptographer walk into a bar and … set the data security landscape on its ear. Neal himself had been hacked while in college and became interested in data security and technology. The HyperSpace team is now coming to market with that game-changing idea, rendered across APIs and hardware.

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Dallas Security Data Company 134

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. Or watch its digital disruption. Sophisticated Threats.

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Gonzobanker

SEPTEMBER 14, 2023

Heck, Apple reported in August that it secured more than $10 billion in deposits with its savings product in partnership with Goldman Sachs. The how, of course, is tricky. According to an American Banker article (subscription required), it takes 400 years for a debit card to degrade. It doesn’t end here, of course.

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PYMNTS

JULY 7, 2020

The stock market swings can be confusing. . And the series of “down rounds” seem to imply there is a growing disconnect between public and private market valuations. The firm, of course, operates within the travel industry, which has been hammered throughout the entire ecosystem.

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PYMNTS

JUNE 25, 2019

The report noted that “one interesting point is that any and all transactions made on Venmo will be on file, like a payment made with a credit card. The Zelle network is used by an upward of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app.

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PYMNTS

NOVEMBER 10, 2020

“Most things take 10 to 15 years to drive through the ecosystem,” McCarthy told Webster — especially when a range of stakeholders are involved, spanning two-sided markets, consumers, merchants and governments. China, of course, has been a leader here in its efforts to trial and deploy a digital yuan. Back in May, i2c Inc.

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cryptocurrency blockchain Bitcoin Security 324

PYMNTS

JULY 17, 2019

In an interview with Karen Webster, Trulioo General Manager Zac Cohen took a multi-market look at government and thematic approaches to setting (and settling on) ID infrastructures. The most recently-issued cards feature encryption and chips, containing personal information spanning gender, address and ethnicity.

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PYMNTS

JUNE 22, 2020

Bad actors, are, increasingly, targeting online card applications, using stolen personally identifiable information to apply for credit, leveraging those ill-gotten credit lines to make fraudulent purchases. A poor customer experience can cause FIs and enterprises to lose customers, of course.

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PYMNTS

MARCH 26, 2020

Often, these smaller FIs are inundated with projects that are specific to the legacy products they have offered to the market, said Davis. The modernization aspect could be, ‘how do I get my card to all of the digital commerce platforms and stored on file?’” Davis told PYMNTS.

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Community Community Bank Mobile Cards 247

PYMNTS

OCTOBER 24, 2016

Sure, the aftermath of having a card compromised is often annoying and involves changing cards stored in digital wallets and with subscription sites, but consumers know that their bank has their back. When Capacity Grows Faster Than Security. It took Visa 50 years to build up to 3 billion cards in the worldwide marketplace.

Security 100

Security US Cards Software 100

PYMNTS

NOVEMBER 1, 2018

Before CEO Toffer Grant founded PEX , he worked in the world of prepaid cards (gift cards in particular), where Christmas was the biggest challenge of every year. Gift card use would faithfully and intensely spike around Christmas, only to settle back to a more typical baseline six to eight weeks after the “event.”.

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Innovation Management Cards Tools 180

PYMNTS

NOVEMBER 23, 2020

But the digital features of the mobile cashing or depositing of checks have proven to be attractive to fraudsters (and the paper checks, of course, are exceedingly vulnerable to fraud). So, of course, would eliminating paper checks entirely, but that’s another story. “A You've got to have a broader point of view.” Consumer Insight API.

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Fraud Mobile Technology Course 252

PYMNTS

FEBRUARY 13, 2020

Among the key focal points for NCR looking ahead lies expanding card management and commerce capabilities. It’s really about extending out the capability of your card to the commerce ecosystem,” he said. Offering a continuum of digital banking services, of course, brings to mind the advent of Open Banking.

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PYMNTS

JANUARY 16, 2020

The trade document states that “the Parties shall work constructively to provide fair, effective, and nondiscriminatory market access for each other’s services and services suppliers. A market worth as much as $40 trillion opens up a bit – but it was going to, anyway. and What’s In the Cards For The Cards.

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PYMNTS

JULY 6, 2018

Or how to make sure new markets — like the new legal betting market in the U.S. And, of course, how to leverage enough security advances to keep out the cybercriminals who want to follow — and rob — the digitally migrating crowds. $2 250 percent : The amount card-not-present fraud has grown since 2012.

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PYMNTS

MAY 3, 2019

Payments don’t always have to be just about the cards. The airline industry, like so many other businesses, is coming to realize that consumers are setting the pace when it comes new and preferred payment methods — methods that go beyond traditional credit cards. At least that is the message UATP has been sending recently. and the U.K.

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Payments Innovation Fintech Cards 209

PYMNTS

SEPTEMBER 4, 2018

The plastic payment card is dead. Long live the plastic payment card! Forgive the whipsaw attitude, but that’s how it can feel sometimes when discussing the future of payment cards. Card Clarity. The payment card has “a long life ahead of it.” But cards have something else going for them: innovation.

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PYMNTS

DECEMBER 6, 2018

Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. That doesn’t mean all is hopeless, of course. You need layers of security,” he noted. The antidote? All of our clients are moving toward that.”. Holistic Defense.

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Fraud Payments Security Cyber Security 133

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. 3D Secure 2.0

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PYMNTS

APRIL 25, 2016

The market saw its first tech IPO, an SME cybersecurity company, and we have the details on how much it raised. Of course, we have the quarterly numbers, too, including insight into how American Express’ commercial card business is holding up. It’s all below in our weekly B2B Data Digest. . .

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

DECEMBER 4, 2020

In just one of the most recent announcements , Stripe said it is partnering with several large banks to offer financial services via Stripe Treasury to offer debit cards and bank accounts to online merchants and other enterprises. The banks signing on to the new offering include marquee names such as Goldman Sachs, Barclays and Citigroup.

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Lending Meeting User Experience Innovation 224

PYMNTS

OCTOBER 2, 2020

The underlying theme, of course, is the realization that consumers increasingly want more control over (digital) payments (today, done in a more touchless manner) and have ever-higher and rising expectations, according to McCarthy. Special purpose acquisition companies (SPACs) have been all the rage, too. to go public.

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Payments Innovation Capital Fintech 277

PYMNTS

NOVEMBER 22, 2018

New rules mean new compliance activities, which, of course, mean additional compliance costs for these stakeholders — as much as $489 million. Since then, critics have noted the lack of effectiveness in achieving at least some of Modi’s stated goals, namely, combating black market activity. (By

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ATM Payments Compliance Google 187

PYMNTS

FEBRUARY 25, 2020

it’s nearly a total roadblock to such actions as securing a student loan, getting underwritten for a car loan, renting an apartment or getting any kind of credit card. It’s an amazing market, Esipov noted, in that only one-third of the tapped population is larger than the entire U.S. customer cards.

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System Cards Marketing Data 233

PYMNTS

JANUARY 24, 2019

Those questions also speak to the seemingly impossible tension in the world of payments and new card accounts: how to onboard and authenticate consumers as quickly and seamlessly as possible, while also protecting them and the institution from fraud. Hint: The criminals know the difference.) Bad Timing. Baseline Advantage.

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Fraud Cards Data Comparison 174

PYMNTS

NOVEMBER 14, 2019

And pointing to separate data from Legal Trends, Clio said 50 percent of legal services clients say they are more likely to hire a lawyer if they accept electronic payments — and 40 percent say they wouldn’t hire a lawyer who didn’t accept credit or debit cards. The Power of Data. ” APIs’ Opportunity.

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