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Mastercard, SoFi Team Up On Debit Card, Payment Products

PYMNTS

The partnership starts with the SoFi Money debit card, an offering that will exist exclusively on the Mastercard network. SoFi’s card will provide an additional way for customers to spend with their SoFi Money cash management accounts. Mastercard will serve as the exclusive card network for SoFi’s soon-to-be-released credit card.

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Lumin Digital To Provide LAFCU With Digital Banking Solution

PYMNTS

17) that it will provide Los Angeles Federal Credit Union (LAFCU) with its cloud-based online and mobile digital banking platform, according to a press release emailed to PYMNTS. Lumin Digital announced today (Nov. We are pleased they chose us as that partner.”.

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Monzo Security Flaw Affects 500K Customers

PYMNTS

Monzo, one of the world’s largest digital banks, discovered a security flaw and is now asking half-million of its customers to change their personal identification numbers (PINs), TechCrunch reported on Monday (Aug. PINs are typically stored in a “particularly secure part of our systems.” . “No Monzo customers.

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Earl Enterprises Acknowledges Data Breach Of 2M Cards

PYMNTS

Buca di Beppo , the Italian restaurant chain, reportedly knew about a data breach that resulted in two million credit card and debit numbers being stolen since Feb. KrebsOnSecurity said credit and debit card accounts from Earl Enterprises restaurants were up for sale as of Feb. 21 — but waited until the end of March to reveal it.

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Digital Bank Startup Branch Offers Mobile Payments

PYMNTS

The Minneapolis-based company has partnered with Mastercard to offer consumers access to their funds through their Branch Mastercard debit cards by adding it to mobile wallets, including Apple Pay, from the Branch mobile app. . Users who have a Branch Card can update their app settings to add their debit cards onto their mobile wallets.

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In Brazil, Banking Customers Turn To Debit, Digital Banking

PYMNTS

Financial institutions (FIs) are now working to extend services into customers’ homes, for example, and consumers are making fewer credit card payments amid uncertainty over what their employment statuses and budgets might be when the bills come due. The Paytm cards can be used both in-store and online. Around the Next-Gen Debit World.

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Scammers Take Used Car Buyers For A Ride Amid Pandemic

PYMNTS

But scam artists are capitalizing on this new way to buy a car, reports CBS Los Angeles. Steve McFarland of the Better Business Bureau said one telltale sign of a scam is when the buyer is asked to pay in gift cards. “If