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New Cloud-Based Card-Issuing System Aims To Standardize Payments Security

PYMNTS

Entrust , an identities, payments and data protection firm based in Minneapolis, on Monday (Oct. 19) announced that its Sigma Instant Desktop Issuance product will set “the standard for simple, secure and smart instant-ID solutions across enterprise, healthcare, government, higher education and financial institutions (FIs)."

Security 245
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Ballard Spahr to hold card issuer workshops

CFPB Monitor

On Tuesday, May 14, 2019 in Minneapolis, and on Wednesday, May 15, 2019 in Sioux Falls, Ballard Spahr will host complimentary card issuer workshops. For additional details and registration information, click here for the Minneapolis workshop and here for the Sioux Falls workshop.

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BofA Consumers Can Add Credit, Debit Cards To PayPal From Mobile Banking App

PYMNTS

Bank of America announced news on Tuesday (March 20) that customers can now add multiple credit and debit cards to their PayPal account without having to use a laptop or desktop computer. The ability to add cards within PayPal will come later this year, the company said.

Mobile 124
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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. . Branch , the digital bank startup, is branching out.

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Payments Fraud Rides Money Mules Into 2019

PYMNTS

Juniper Research , for example, has estimated that retailers will lose as much as $130 billion in card-not-present (CNP) fraud through 2023 — as tech gets more complex and transactions are done across borders. Thus, she had banking and credit card information. It’s no surprise that payments fraud is on the rise.

Fraud 158
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TRENDING: Inside GDPR’s Enforcement Strategies

PYMNTS

A February 2018 study from the Federal Reserve Bank of Minneapolis found that 75 percent of American financial institutions incurred losses due to fraud last year. And with that, governments and security solution providers are stepping into the fray with the aim of combatting fraudsters. Notable Digital ID News. About the Tracker.

Trends 125
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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Fast and Furious BNPL Action. The account comes with 1.30

Lending 130