PYMNTS

DECEMBER 10, 2020

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

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PYMNTS

DECEMBER 16, 2020

As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce. Barclaycard Debuts V-Card For Expense Management.

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Cards Innovation Management Payments 286

PYMNTS

DECEMBER 4, 2020

This week, Stripe introduced banking services, we get a glimpse of the EU's upcoming Digital Services Act and PYMNTS' data reveals online purchases ruled Black Friday. Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The Weekender can catch you up. Top Trackers And Reports.

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PYMNTS

JANUARY 3, 2021

T-Mobile has told some customers of a “security incident” in which a malicious party “may have impacted some of your T-Mobile account information.”. Customers whose call data has been compromised, even if their names haven't been obtained, are at heightened risk of attacks such as phishing by bad actors pretending to be mobile carriers.

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Mobile Data Taxes Security 213

PYMNTS

AUGUST 16, 2019

A new Bluetooth security flaw was discovered that could leave users’ data unprotected and open to hackers, The Verge reported on Friday (Aug. The weakness was discovered by researchers who presented their findings at the USENIX Security Symposium. But the technology also makes it easier to counteract attacks.

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PYMNTS

FEBRUARY 23, 2020

Revolution Payments is streamlining the process of commercial cards and interchange fees with its new NetSuite Level III Credit Card Processing Solution, the company announced on Friday (Feb. The NetSuite card processing solution simplifies payments and reduces the interchange cost of accepting commercial cards by up to 43 percent.

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PYMNTS

OCTOBER 7, 2020

As merchants accelerate their digitization roadmaps, the volume of data they’re able to work with increases. But data in payment transactions provides an often-untapped opportunity for merchants to optimize their payment operations and grow their businesses, Tony Wimmer , head of data analytics for J.P.

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PYMNTS

OCTOBER 16, 2020

Harnessing consumers’ digital information is critical to the success of any business, and data analytics and artificial intelligence (AI) can be especially powerful tools. Fast-food giant McDonald’s was not interested in using AI or data analytics until it noticed that many of its competitors were benefiting from the technologies.

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PYMNTS

JANUARY 19, 2021

For B2B payments , the pandemic may be the final nail in the coffin of the paper check — and the plastic commercial card, too. Those pain points center around cash flow, manual processes (where employees match invoice and payment data), and the management of suppliers.

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Cards Payments Management Security 234

South State Correspondent

MAY 13, 2024

Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.” By amalgamating data from a single bank with that from multiple banks, law enforcement can unearth larger patterns of illegal activity. Each type of financial crime has a specific profile.

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PYMNTS

NOVEMBER 23, 2020

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. It is an open banking platform on one level and it also is a data management platform for consumers on another.

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Data Innovation Big Data Marketing Strategies 293

PYMNTS

DECEMBER 4, 2017

McAfee Labs recently published its 2018 Threats Predictions report , and after a year of high-profile cyberattacks and data breaches, analysts say the threat won’t let up in the new year. If there’s one thing the enterprise has learned this year, it’s that a data breach can happen to any business — including small businesses (SMBs).

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Security Data Survey Regulation 136

PYMNTS

JULY 12, 2020

Delivery startup Dunzo , India’s food and grocery delivery service backed Google , has suffered a data breach, The News Minute reported. While it said users’ credit card numbers were not accessed, the company has not provided how many customers could have been impacted.

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Google Data Security Course 200

PYMNTS

JANUARY 9, 2019

8) that his office, as well as 42 other state attorney generals, have settled with Neiman Marcus over a 2013 breach of customer payment card data at 77 of the retailer’s stores. Of the cards that were breached, at least 9,200 were used for fraudulent purposes, the Maryland AG said in the press release.

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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. The effort involved is daunting enough to stop them from trying.

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Security Data Fraud Regulation 109

PYMNTS

AUGUST 23, 2019

Belgian and German data protection regulators were notified by Mastercard of a possible data breach, Bloomberg reported on Friday (Aug. 19 and “affected a large number of data subjects,” the Belgian watchdog said in a statement. The leak involved 90,000 customers’ names, addresses and credit card numbers.

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Data Cards Maine Survey 154

PYMNTS

DECEMBER 9, 2020

The ongoing pandemic poses challenges that have amplified businesses’ need to digitize their payment operations. Bringing Virtual Cards To A Virtual B2B World. Businesses have long relied on traditional tools, such as credit cards, to manage business expenses. data entry into our general ledger accounting system,” he explained.

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Cards Management Tools Payments 155

PYMNTS

APRIL 20, 2017

based hospitality group which owns and operates brands like Crown Royale and Holiday Inn, recently reported finding malware in 1,200 of its U.S. The malware looks to have been designed to steal guests’ payment card information. We continue to work with the payment card networks.”. “We InterContinental Hotel Group, the U.K.-based

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Cards Data US Groups 113

PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

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PYMNTS

OCTOBER 30, 2020

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.

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PYMNTS

JANUARY 8, 2021

To do that, and to clear the next hurdle, Whisler said many financial institutions (FIs) still need to “modernize internally to be a 24/7 operation shop.”. As far as fees are concerned, she explained that existing competition from other providers, card networks and same-day ACH will likely keep fees in line. “To RTP Outlook.

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Operations Payments Industry Management 349

PYMNTS

JANUARY 30, 2020

Virtual credit cards are one of the more flexible electronic payment methods available, and the world continues its steady march toward greater digital payment use. Virtual cards can improve accounts payable (AP) processes, benefiting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows.

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Cards Payments Fraud Capital 178

PYMNTS

MAY 19, 2020

BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report. Multiple crypto operations serving the country, however, are legally based in other nations. The agency claims that it seized phones, computer equipment and cash, with the inclusion of U.S.

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Data Bitcoin cryptocurrency Taxes 212

PYMNTS

FEBRUARY 28, 2020

Failing to prevent a data breach is a surefire way to lose that trust, however. Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. Data Breaches Within And Without. Credit unions are no strangers to data breaches.

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PYMNTS

MARCH 7, 2019

Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. The hearing took place at a time of increasing scrutiny for online privacy and security. firms were falling victim to online attacks, noting that there were 1,200 data breaches in the U.S.

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Data Security National Online 177

PYMNTS

JULY 15, 2020

Medical data theft is perhaps the ugliest kind. PYMNTS’ July 2020 Digital Identity Tracker® done in collaboration with Jumio , offers a variety of useful perspectives on, and solutions for, medical data theft as it mutates post-pandemic. They should. Medical Records = Dark Web Gold. Healthcare providers in the U.S.

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Data Compliance Regulation Meeting 146

PYMNTS

NOVEMBER 26, 2019

Synchrony Financial said a message was erroneously sent to customers about an Amazon.com card and that a data breach had not occurred, according to a report by Reuters. We have confirmed none of your personal data was compromised,” the financial services company said in an email to customers. On Monday (Nov.

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PYMNTS

SEPTEMBER 19, 2018

Newegg, the electronics retailer, was reportedly the victim of a data breach that lasted a month. According to a news outlet citing RiskIQ Threat Researcher Yonathan Klijnsma, the research found that hackers installed 15 lines of card skimming code on Newegg’s payments page, which stayed on the site from Aug. 14 through Sept.

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Data Detroit Retail Cards 161

PYMNTS

JUNE 6, 2019

Fortune 500 company Tech Data left a server with access to customer and billing data unsecured, and it was compromised by security researchers, according to a report by TechCrunch. The server in question was operating a database that was used to log company events for its StreamOne Cloud service.

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Data Samsung Security System 115

PYMNTS

AUGUST 15, 2019

Des Moines, Iowa-based supermarket chain Hy-Vee said credit card information for an undisclosed number of customers were exposed in a data breach, according to reports. “Hy-Vee Hy-Vee takes the security of payment card data very seriously,” the company said in a statement on its website. “We

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Cards Iowa System Data 118

PYMNTS

MARCH 22, 2016

NCR Corporation announced Monday (March 21) that its Epsilon payments application has received EMV certification from First Data. With our certification for Epsilon, First Data customers now can reliably move to EMV and provide their shoppers with more secure payment transactions.”. merchant companies who are also clients.

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Data Security Payments ATM 100

PYMNTS

JANUARY 2, 2020

2) that it had been the victim of a malware attack that almost stole customers’ payment data. According to reports , while the malware affected all point-of-sale terminals at Landry’s locations, it was unable to actually steal data from the majority of customers due to the end-to-end encryption technology the chain has employed for years.

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PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job. In the U.S.

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Cards Security United States Technology 187

PYMNTS

JULY 28, 2017

Police have discovered a new credit card skimmer that connects to the inside of a gas station pump and is able to send stolen data via SMS. Brian Krebs of Krebson Security received images of the skimmer — found at a gas station in the Northeast — from an unnamed source. “The

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Data Cards Security National 121

PYMNTS

MAY 13, 2019

Commonplace operations such as food trucks and nonprofits are using these products, as are furniture restoration merchants and even buskers. These small entities are seeking to win trust despite not being established brands, but customers will only feel safe if they’re confident that their payment information will remain secure. .

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Security Cards Branding Payments 123

PYMNTS

JANUARY 13, 2021

percent had falsely claimed a charge on their credit card was fraudulent to score a refund. eCommerce consumers said security is important when shopping, and 83 percent said that transparent fraud protection information plays a large role in deciding which eTailer to do business with. A survey found that 92 percent of U.S.

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Fraud Analytics Data Retail 189

PYMNTS

SEPTEMBER 10, 2019

The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . Six Nordic banks are coming together on just such an effort and are working to create st andardized KYC processes and a forthcoming platform for collecting and managing customer data. Around the AML/KYC Worl d.

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