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Travelex Attack Forces Shutdown Of Samsung Pay’s Cross-Border Transfers

PYMNTS

A New Year’s Eve ransomware attack on Travelex continued to affect global businesses and customers today, including multiple Samsung Pay users, according to reports. A company representative confirmed that Samsung Pay’s international transactions have halted as technicians continue their efforts to resolve the issue. ”

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In 2019, Mobilize The Commercial Card: JPMorgan

PYMNTS

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P. Following The Consumer Trend.

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U.S. Bank Adds Mobile Payments Support To Travel Corporate Card

PYMNTS

announced Monday (March 20) travel card clients can soon pay via Apple Pay , Android Pay and Samsung Pay. Bank the first financial firm to offer mobile payments for a Visa corporate card. Bank Access® Online mobile app. Together, they become a powerful mobile toolkit for managing commercial card accounts on the go.”.

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OTP Bots Are a Growing Threat: What Financial Institutions Need to Know

Abrigo

Takeaway 1 OTP bots are designed to socially engineer a victim into divulging sensitive information associated with online accounts. Two-factor authentication (2FA) is a commonly used tool to add an extra layer of security and prevent unauthorized login of online accounts. New Account Takeover Tactics. What is an OTP bot?

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Vesta’s Vista On The Merchant’s Fraud Challenge

PYMNTS

At the same time, the risk of fraud has never been higher and is still increasing — and the true costs of card-not-present fraud hit both the top and bottom lines of retailers simultaneously, while doing damage to reputations as well. When it comes to fighting fraud, there is a two-tiered model that is emerging.

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U.S. Bank Breaks Ground With Commercial Cards For Apple Pay

PYMNTS

Bank will enable its corporate customers to use their commercial cards via the mobile Apple Pay , Android Pay and Samsung Pay solutions, reports said Monday (March 20). According to the bank, this makes it the first to support mobile payments for Visa commercial card transactions. Bank Access Online mobile app,” he continued.

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5.15.19 Your morning briefing

Payments Source

Today: Walmart upgrades its online shopping; Paytm introduces a card and addresses internal fraud; Samsung extends crypto support; U.K. The information you need to start your day, from PaymentsSource and around the Web. fintech investment stays strong.

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