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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S.

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Synchrony Says Erroneous Email Not Tied To Data Breach

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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. Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. On Monday (Nov.

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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

Boston 269
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Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

Mastercard Expands Digital Card Program To Include Instant Access, eWallet . Mastercard has grown its Digital-First Card Program in North America as demand rises for digitally-driven money management offerings. Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Time on Tuesday (Sept.

Maine 153
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Is Self-Checkout Catnip For Criminals?

PYMNTS

The technology, similar to that of Amazon Go stores, uses computer vision and artificial intelligence (AI) to identify what customers take from the shelves. Customers can use credit cards or cash or go completely cashierless with Grabango’s payment app. In fact, roughly 90 percent said they had no plans to implement either technology.

Retail 117
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TRENDING: mPOS And Transit: Where’s The Fit?

PYMNTS

In the latest Mobile Point-of-Sale Tracker , PYMNTS reports on how mPOS solutions are entering new markets around the globe, and how players in the space are working to make sure they also become more secure as they become increasingly popular. Around the mPOS World. Meanwhile, other players in the space are unveiling their first mPOS forays.

Trends 105
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Edward Snowden Develops iPhone Case Spies Couldn’t Hack

PYMNTS

Snowden unveiled the device via livestream during a Massachusetts Institute of Technology Media Lab’s conference dubbed “Forbidden Research.”. According to Snowden and Huang, smartphones have a lot of radio transmitters and receivers built in used for GPS, SIM card, Wi-Fi and Bluetooth.