CFPB Monitor

JULY 29, 2022

and related entities (collectively, “Harris Jewelry”), a national jewelry retailer that markets and sells military-themed gifts, to resolve their lawsuit which alleged that Harris Jewelry had engaged in unlawful sales and credit practices targeting servicemembers. We expect the settlement to be approved by the court. .

National 78

National Retail Regulation New York 78

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag.

Cards 151

Cards Data Mobile Survey 151

PYMNTS

DECEMBER 11, 2017

It appears the ever-inventive thieves of the world have found a new way to make gift card fraud work for them this holiday season, according to the Better Business Bureau (BBB). This year the scam relies on thieves grabbing cards off the rack, scratching the film that covers the card PIN underneath and copying the relevant numbers.

Cards 129

Cards Fraud Retail National 129

PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

Cards 164

Cards Capital Tools Fintech 164

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

ATM 100

ATM National New York City New York 100

PYMNTS

MARCH 8, 2018

Retailers have requested that the House Financial Services Committee take a closer look at draft data breach notification legislation, saying it doesn’t do enough to ensure appropriate data security standards.

Retail 100

Retail District of Columbia Data National 100

PYMNTS

OCTOBER 18, 2019

Mastercard is collaborating with four eCommerce retailers — WHSmith.co.uk, Funky Pigeon, Cult Pens and The Card Gallery — to offer the Pay by Bank app to online shoppers, Mastercard announced in a press release on Friday (Oct. PbBa is designed to work with the security of a consumer’s own bank.

Retail 116

Retail User Experience ATM Security 116

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity.

Fraud 169

Fraud Cards Security National 169

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job.

Cards 187

Cards Security United States Technology 187

PYMNTS

DECEMBER 16, 2020

Amid the great digital shift , retailers and financial institutions (FIs) must walk the fine line between challenging transactions and letting the consumer journey proceed frictionless. That’s driven the retailer to require merchandise, risk-driven signatures that can be dynamically altered, said Thompson. The Scope Of The Problem.

Retail 228

Retail Management Fraud Omaha 228

PYMNTS

AUGUST 27, 2019

When it comes to retail innovation — changes that promise to influence commerce not only this year, but in the 2020s — cameras could have a significant role. Take security cameras for starters. “We This data certainly isn’t nothing, but it pales in comparison to the data troves that digital retailers have. Data Blocks.

Retail 118

Retail Innovation Video Data 118

PYMNTS

JANUARY 2, 2019

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. The National Bank of Kuwait has rolled out SWIFT Global Payments Innovation (gpi) services via the payments engine of ACI Worldwide, according to an announcement.

National 122

National Innovation Customer Experience Payments 122

PYMNTS

JANUARY 22, 2019

In a press release , the Cupertino, California iPhone maker said that with the addition of the national retailers, 74 of the leading 100 merchants in the U.S. and 65 percent of retail locations around the U.S. Other major retailers that now support Apple Pay include Costco and CVS Pharmacy. support Apple Pay.

Apple 145

Apple Retail California Course 145

PYMNTS

DECEMBER 19, 2019

That’s because cameras are playing a much bigger role in retail, a trend that will keep gaining steam in the new decade. The Associated Press reports that cameras are, at least somewhat quietly, making inroads into a number of retail outlets in a bid to, well, get to know you. Security Cameras.

Retail 131

Retail Software Video Course 131

Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

NOVEMBER 20, 2020

Firms recognize that not all employees can receive payments into bank accounts, and these companies must therefore provide secure, convenient alternatives. Employers may also find it easier and cheaper to issue funds via payroll cards rather than checks because the former method spares them from printing and mailing physical documents.

Cards 197

Cards Tools Survey Payments 197

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Not surprisingly, to make consumers more comfortable shopping and checking out in their stores, retailers have rushed to enable a “ contactless ” payment experience. Uber and Starbucks pioneered it.

Cards 147

Cards Study Maine Payments 147

PYMNTS

OCTOBER 6, 2020

To help merchants and promote Afterpay in-store payment services to individuals before the busy holiday shopping season, buy now, pay later (BNPL) firm Afterpay and Simon have announced a national collaboration. Millennial and Gen Z shoppers are focusing on sustainable and ethical fashion and retail more than before.

Millennials 200

Millennials Retail United States National 200

PYMNTS

APRIL 21, 2016

-area grocery story chain is only allowing customers to purchase reloadable or prepaid gift cards with cash or bank PIN-based debit due to a significant increase in credit card fraud. Brian Krebs reported the change to grocer Giant Food’s policy yesterday (April 20) on his cybersecurity blog Krebs on Security. The reason?

Cards 100

Cards Fraud Policies Washington 100

PYMNTS

AUGUST 13, 2019

Not only is it a big time for retail but, in a sense, a kind of dress rehearsal for the upcoming all all-important holiday shopping season. Retail back-to-school spending for families will hit an average of $696.70 last year, according to the National Retail Federation , a trade group. this year, up from $684.79

Retail 127

Retail Innovation Course Trends 127

PYMNTS

JANUARY 7, 2019

Coverage includes the launch of Wirecard and Ctrip ’s multi-currency Visa cards for customers in China. fashion retailer Missguided is offering a pay later option through Klarna , and Nordic payments company Nets A/S and merchant payment service provider Concardis Payment Group said they have completed their merger. In addition, U.K.

Cards 168

Cards Groups Payments Regional 168

PYMNTS

FEBRUARY 15, 2019

The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards.

Cards 224

Cards Course Security Fraud 224

PYMNTS

JANUARY 22, 2020

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. Indeed, as the recently completed National Retail Federation (NRF) retail show in New York City demonstrated, commerce keeps moving to what Webster called in the webinar a “customer-centric approach.”

Retail 137

Retail Millennials New York City social media 137

PYMNTS

MARCH 2, 2020

Retailers often need additional coverage during peak holiday shopping periods, hospitals may need substitutes for nurses on paternity leave and construction companies might need to increase staff for sizable projects. The national unemployment rate fell to its lowest level since 1969 in April 2019 — 3.6 rose from 3.1 million by 2022.

Cards 130

Cards ATM United States Payments 130

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. And according the the Atlanta-based building supplies retailer, that flaw is putting both customers and retailers at risk.

Retail 100

Retail Cards Data Atlanta 100

PYMNTS

NOVEMBER 18, 2020

Delivering funds smoothly to employees in different nations is therefore essential, and it may require firms to migrate from paper checks to digital tools, especially those that suit the needs of employees who do not have bank accounts. How Mobile Apps Are Easing Retail Payments In India. Around The World Of Smarter Payments.

Mobile 220

Mobile Payments Cards Retail 220

PYMNTS

NOVEMBER 16, 2020

16), the retailer announced in a press release emailed to PYMNTS. Customers will be able to pay for the transactions by drawing against balances in PayPal or Venmo accounts or by drawing on bank accounts, debit cards or credit cards linked to a PayPal or Venmo account. The partnership.

Payments 264

Payments United States Retail Resources 264

PYMNTS

MAY 10, 2018

In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. Of those verticals seeing fraud, anything that is sold in high-end and medium retail is hit often, and hard, as are liquor operations.

National 130

National System United States Fraud 130

PYMNTS

OCTOBER 19, 2017

announced a 10-year extension of its fleet fuel card contract with convenience chain retailer Sheetz, Inc., WEX supports the Private Label, Universal and Tri-Brand fleet cards available at Sheetz, which can be used to purchase gasoline at store locations. Department of Homeland Security (DHS). On Wednesday (Oct.

Cards 100

Cards West Virginia North Carolina Virginia 100

PYMNTS

JANUARY 13, 2020

The launch of EMV chip cards in the U.S. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. The heightened risk to merchants and issuers is being keenly felt – someone pays when cybercrooks succeed, and it’s often the retailer. It’s not all good news.

Trends 136

Trends Fraud Cards National 136

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits. FICO’s Take on Debit Security.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

JULY 3, 2020

Financial institutions can keep customers safe by accurately determining when attempted transactions are legitimate versus when they are being made by fraudsters who have stolen customers’ cards or taken over accounts. States are now enabling some brick-and-mortar retailers to reopen, which is causing another major shift in buying habits.

Fraud 180

Fraud Cards Tools Florida 180

PYMNTS

JUNE 29, 2020

Launched in the Ukraine a decade ago, the internet-based cybercriminal enterprise stole identities, compromised debit and credit cards and personal, financial and banking information and spread computer malware, the Justice Department’s Criminal Division said in a statement. In April, a joint study by the U.S. and the United Kingdom.

Nevada 201

Nevada Cyber Security Study Security 201

PYMNTS

JANUARY 4, 2019

Digitally native retailers are opening stores to bring their virtual experiences into the real world, and Zola is one of the latest merchants to test out the brick-and-mortar waters. The wedding retailer opened a store in New York City’s Flatiron District that is billed as a “one-stop-shop for wedding planning.”.

NJ 129

NJ Retail New York City New York 129

PYMNTS

JANUARY 25, 2021

Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a chance to save up. These plans fund retail purchases that consumers can then pay off over time in typically four installments. Learn more in the Tracker. About The Tracke r®.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

AUGUST 25, 2016

A number of major Australian retailers and payments associations have filed letters supporting a regulatory request from three Australian banks that would make Apple collectively negotiate third-party access to its iPhone secure near-field communication (NFC) module for Apple Pay , according to AppleInsider.

Apple 100

Apple Retail Security National 100