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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

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. On Monday (Nov. 26), a notification was sent to some customers saying “a trial deposit has been successfully made to your Amazon credit builder.”

Data 130
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Imposter Scams Top FTC’s List of 2018 Consumer Complaints

CFPB Monitor

Credit card fraud was the most common type of identity theft report. Florida, Georgia, Nevada, Delaware, and Tennessee had the highest fraud reports per capita. Notably, the Data Book’s summary excludes reports related to the National Do Not Call Registry and reports about unsolicited commercial email.

Nevada 74
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Who Should Lead The Digital ID Push?

PYMNTS

The app stores digital versions of documents like drivers’ licenses, health cards and other forms of identity. Countries like Australia, Malaysia, Thailand and the United Kingdom are just a few that are exploring the benefits for accessing governmental and financial services and also for serving as virtual ID cards.

Wyoming 136
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The Digital Shift, Real-Time Payments, Stimulus Funding Top This Week?s News

PYMNTS

The Rise Of Card-On-File Commerce. With an absence of contactless card penetration in the U.S., among other factors, Karen Webster says a number of retailers are getting creative in how they define what it means to provide a contactless payment experience that now includes a completely cardless, card-on-file experience.

Las Vegas 130
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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Gift cards and loyalty programs. Cybersecurity. Real estate.