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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. The company has a partnership with Amazon in which it lends to customers with low credit scores. On Monday (Nov. Synchrony said it was a mistake. “We

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CFPB holds field hearing on proposed rules for prepaid accounts

CFPB Monitor

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

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

CB Insights

Abra, another blockchain-enabled mobile wallet and payments startup, was recently integrated into the payments ecosystem of American Express: through a new feature , customers will be able to fund their Abra wallets using an eligible American Express Card. Gift cards and loyalty programs. Cybersecurity. Cloud storage .