article thumbnail

How Visa handled ‘BidenCash’ card fraud incident

Payments Dive

The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.

Cards 221
article thumbnail

New Data: Twice As Many Online Shoppers Believe Credit Cards Are More Secure Than Debit Cards

PYMNTS

It is well known that shoppers tend to behave differently online than they do in brick-and-mortar stores — and this extends to how they choose to pay at checkout. One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards.

Cards 210
Insiders

Sign Up for our Newsletter

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

article thumbnail

Retail Data Shows Online Dominance, Gift Card Momentum For Holiday Spending

PYMNTS

While predictions of increased spending are appearing more frequently since news of various COVID-19 vaccines has broken, PYMNTS data shows that consumers are still cautious, conservative and digital-first when it comes to holiday 2020. And when they do spend, consumers will do so online – some of them exclusively. A stunning 96.5

Online 176
article thumbnail

TSYS Attacked With Ransomware, Has Data Posted Online

PYMNTS

TSYS , a payment processing company, has suffered a ransomware attack and had some data posted online, according to a report from Krebs on Security. However, TSYS said the malware didn't jeopardize card data and that the attack had only targeted the company's administrative wing. "We Columbus, Ga.-based

Online 226
article thumbnail

How Card-On-File Is Changing Online Consumer Shopping

PYMNTS

When it comes to online shopping, one of the greatest frustrations for consumers — and friction points for merchants — is having to manually enter credit or debit card information for each purchase. percent of consumers today have account information stored online with at least one or more companies or service providers.

Online 212
article thumbnail

Macy’s Data Breach Includes Online Card Data

PYMNTS

Another retailer has been hit with a data breach. This time, Macy’s has revealed that hackers obtained names and passwords of online customers — and might have accessed credit card numbers and expiration dates. Macy’s is just the latest retailer to be hit with a data breach.

Data 101
article thumbnail

How FIs Counter Online Debit And Credit Card Skimming

PYMNTS

Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years. Safeguarding Card Details.

Cards 192