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Synchrony Bank Lands CFPB OK For Dual Secured, Unsecured Credit Cards

PYMNTS

Synchrony Bank will be able to offer a combination secured/unsecured credit card under a Consumer Financial Protection Bureau order posted Wednesday (Dec. Like other secured card offerings, the DFCC offers such consumers the opportunity to improve or establish their credit profile.".

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Security Demands Spur Virtual Debit Card Adoption

PYMNTS

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. Firms are also prioritizing security as they transact online more heavily as well.

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

PYMNTS

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)." The Entrust website describes the company as “the leader in credit card production systems.”

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New Data: Twice As Many Online Shoppers Believe Credit Cards Are More Secure Than Debit Cards

PYMNTS

One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards. PYMNTS’ latest research report, Online Security And The Debit-Credit Divide , a PYMNTS collaboration with Elan based on a survey of 2,466 U.S. The report finds that 45 percent of U.S.

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Mastercard Lauds Apple Card Security

PYMNTS

Apple Card, a new kind of credit card created by Apple, is being applauded by Mastercard for its enhanced security, simplicity, transparency and privacy, CNBC reported on Tuesday (Aug. The new iPhone-integrated credit card has teamed with both Goldman Sachs and Mastercard.

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IBM: Securing Virtual Cards Starts With Digital Onboarding

PYMNTS

Tools like virtual cards are now drawing interest as businesses look for transaction methods that can deliver more speed, cost savings and transparency. Wells Fargo is taking heed of corporate interest in virtual cards and has launched its own digital supplier payment tool. IBM Payments On The Future Of Virtual Cards.

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 Netspend On How Increased Security Demands Spur Virtual Card Adoption

PYMNTS

Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

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