Can Banks Safely Monetize Consumer Data?

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It’s one of the main clichés of the early 21 st century, but that doesn’t mean it’s wrong: Data is the new oil. However, as is the case with any powerful, profitable substance (whether tangible or not), data can be dangerous if not used appropriately. The Three Types Of Data.

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Will Consumers Want To Monetize Their Own Data?

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If headlines are any indication, data breaches have made off with consumers’ most sensitive bits of information, such as Social Security numbers, credit card info and bank details. Data Managed. You just need a good set of good data.”

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Thinking Differently On Digital Payments And Data

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Data breaches are a serious threat to the financial health of businesses and consumers. Is there a newer way to treat data that might also help prevent fraud? Data: March 19, 2012: Expected rollout date for a third Same-Day ACH (SDA) processing window.

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Sage Enhances Financial Data Integrations With Cleo

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Through the Cleo integration, the solution will enhance its “governance, control and orchestration capabilities,” building greater efficiencies in the movement of data to the platform.

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Home Improvement Startup Houzz Suffers Data Breach

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Home improvement startup Houzz revealed that it suffered a data breach. The company said in a FAQ on its website that the breach was discovered in late December 2018, and that “a file containing some of our user data was obtained by an unauthorized third party.”.

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Today In Data: Payment Protocols In The Age Of PSD2

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The European Union’s (EU’s) PSD2 is making merchants that deal with payment data from Eurozone citizens enhance their payment protocols. All this, Today In Data. Data: $3,500: The average operational cost for a bank to originate an SMB loan.

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Today In Data: New Year, New Efficiencies

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Data: $26 billion: Projected 2018 revenue of the global mPOS market. Today In Data brick and mortar checkout Commerce commerce data faster payments mobile pos MPOS New Year News payments payments data Retail retail data Today in Data

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Senate Hearing Grills Equifax, Marriott CEOs On Data Breaches

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Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. Among the most recent support for that point is a fresh push in California among lawmakers to make their strictest-in-the-nation data privacy law even tougher.

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Twitter Data Breach Prompts GDPR Investigation

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The Irish Data Protection Commissioner (DPC) is Twitter’s lead regulator in the European Union. The DPC has this week opened a new statutory inquiry into the latest data breach it received from Twitter on 8 January, 2019,” the Commission said on its website.

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Facebook Data Breach Fines Could Top $1B

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According to the report citing the Irish Data Protection Commission, Facebook is under investigation by the regulator over allegations it failed to protect the privacy of its users.

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How Data Will Speed The Move To Cashless Payments

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There are, of course, lingering concerns about data and the risks that come with moving payments 24/7 across far-flung distances, between parties who may not know each other and at greater-than-ever velocities. Data: Added To And Traveling With Corporate Payments.

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Today In Data: Digital Banking Cybersecurity

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With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. Data: $248.26

Today In Data: Ending 2018, Predicting 2019

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Data: $3 billion: The amount Tencent has invested in 40 U.S. Today In Data 2018 Commerce commerce data ecommerce mobile apps New Year's News payments payments data predictions Retail retail data Today in Data

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Report Finds CEO Pay Rises After Data Breach

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Reports in Business News Daily on Friday (March 15), co-authored by Assistant Professors of Finance Dr. Daniele Bianchi and Dr. Onur Tosun, found that data breaches at large organizations may cause financial losses at those companies, but they eventually lead to greater investments in their CEOs.

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Facebook Employees Knew About Data Scraping

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In a District of Columbia court filing involving Cambridge Analytica, new details have come to light surrounding how much Facebook might have known about data-scraping efforts involving the firm — and when. Facebook Cambridge Analytica data scraping News social media What's Hot

First Data, InstaReM Pair On Corporate Card Issuance

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Singapore-based FinTech startup InstaReM , which enables banks and consumers to send money across borders , announced a partnership with First Data to assist businesses that issue corporate credit cards.

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Today In Data: Striking A Balance Between Convenience And Security

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Data. $22 Today In Data Commerce commerce data Consumer Experience cyberattacks Cybercrimes data privacy digital identity friction funding loyalty mobile app Mobile Payments News payments payments data payments security Retail retail data Today in Data

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Today In Data: The Future Of Faster Payments

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All this, Today in Data. Data: 850: The number of stores online retailers are forecasted to open from this year until 2023.

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VC FinTech Funding Sets Sights On ‘Alternative’ Data

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If data makes the world go ’round, so, too, does it garner investor interest, as evidenced by venture capital and other investors’ funds coming into the coffers of corporates that scrape the web for information. Thinknum , which provides web-sourced alternative data, has garnered $11.6

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Healthcare.gov Hack Exposes Consumer Data

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The Centers for Medicare and Medicaid Services ( CMS ) confirmed on its website that it was the victim of a data breach in October — the Marketplace system used for agents and brokers was hacked. CMS said that it believes about 75,000 individuals’ files were accessed via the data breach.

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2018 Data Breaches: The List No One Wanted To Make

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So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. about a potential data security incident.

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Data As A Prescription For FIs And Healthy Healthcare Collections

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Data is everywhere, and ripe for the mining. But data can only be useful if it is sliced and diced and used in a manner that involves speed and accuracy, which is where machine learning and AI come into play. percent: Share of FIs that use data mining.

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Experian ‘Boost’ Improves FICO Scores Via Data

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Consumers with low or subprime credit scores often face higher interest rates, with data showing that a subprime credit score costs the average consumer approximately $200,000 more over the course of their life.

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Report: China’s GDP Hinges On Data Privacy Turnaround

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A new report on China stated that if the country doesn’t start to work on improving issues like data privacy and intellectual property protection, it could lose out on 37 trillion yuan ($5.5 That estimate relies on free cross-border data flows for those opportunities,” Matthies told CNBC. “If

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Today In Data: Supersized Solutions (For Supersized Troubles)

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Data: 1.8 Today In Data commerce data News payment solutions payments data Retail retail data retail solutions Today in DataIn a “go big or go home” environment, it is not surprising that so many players prefer to go big.

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Today In Data: Banks Give Consumers Confidence Amid Data Breaches

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Banks give consumers confidence that their data won’t fall into the wrong hands when they make purchases or reservations, thanks to investments in fraud detection and prevention.

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Dutch Data Watchdog Says Website Cookie Walls Violate GDPR

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The Dutch data protection agency (DPA) said when a website forces a user to agree to a cookie policy, or a “wall,” in exchange for access, that request is not compliant with the data protection law in Europe. Which means that access in exchange for data doesn’t really constitute that.

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Data-R-Us: The Purchase And Sale Of Data

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Where do analysts get their data? It’s not like they can just stroll up to a retailer like Data-R-Us and buy it … can they? It’s called a data marketplace , and it’s not just for analysts. What Is a Data Marketplace? Like any other online marketplace, a data market is a virtual destination where goods and services are bought and sold. Organizations are hungry for data these days. Everybody Loves Data. Know what produces a lot of data?

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Mastercard, Rockefeller Foundation Pledge $50M For Data Science Philanthropy

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22) called Data Science for Social Impact, according to a press release. The abundance of data – more than 2.5 While businesses have been building and deploying data science capabilities for many years, those on the front lines of social good often lack the resources to do the same.

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First Data Launches Tool To Help Merchants Boost Card-On-File Sales

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First Data , a commerce-enabling technology and solutions company, announced Tuesday (March 19) the launch of Authorization Optimization, a digital commerce tool that optimizes card-on-file transactions to boost revenue for merchants.

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Today In Data: Big Changes In Unexpected Places

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It’s why it’s surprising that sloppy data security hygiene and well-placed bad actors are a bigger security threat to the next generation than hacking technology. Data: $1.5 Change can be disorienting, particularly when it comes at a fast pace.

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Rubrik Exposes Customer Data, May Face GDPR Fines

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Rubrik , an IT security and cloud data management company, has suffered a massive data leak. The database, running on a hosted Amazon Elasticsearch server, held tens of gigabytes of data, including customer names, contact information and case work for each corporate client.

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Today In Data: The Subscription Features Consumers Want

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All this, Today In Data. Data: 1,800: The number of stores to which Target plans to bring contactless payments in the next several weeks. Today In Data Commerce commerce data News payments payments data recurring payments Retail retail data subscription Today in Data

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Today In Data: The Smart Shopping Cart Of The Future

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All this, Today in Data. Data: $20,000: The amount of spending from the average U.S. 70 percent: The share of businesses that have failed to address personal data requests following General Data Protection Regulation (GDPR).

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Today In Data: Nothing Ventured, Nothing Gained

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Data: $81 billion: Projected estimated value of the online gambling market by 2022. $12 Today In Data Commerce commerce data Cybercrime cybercriminals ecommerce fraud gambling instant payments News payments payments data Retail retail data Sports betting Today in Data

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Today In Data: The Global Digital Commerce Reset

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Data: 725 million: The number of people in Africa carrying a mobile device as of 2019. Today In Data brick and mortar Commerce commerce data connected cars digital commerce digitization ecommerce News online shopping payments payments data physical retail Retail retail data Today in Data

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‘Alexa — Is My Data Secure On Connected Devices?’

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The conference is a sign that many countries are now viewing IoT as a crucial technology to the future development of the so-called “smart city,” which will rely on a flow of data and information between residents and the government for improved living.

Today In Data: The Rapid Growth Of Real-Time Payments

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Data: 1879: On this year, Frank Woolworth pioneered the five-and-dime concept with the opening of the “Great Five-Cent Store.”.

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Today In Data: Driving A Digitally Determined World

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Data: $13 billion: Projected worth of the self-service market by 2023. Today In Data Commerce commerce data Cybercrime digital commerce digital payments Fraud Prevention Identity Theft mobile commerce Mobile Payments News payments data Retail retail data self-service Today in Data

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First Data Buys German Cashless Tech Co ayCash

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First Data, a commerce-enabling FinTech company, has acquired ayCash, a company that specializes in cashless payment terminals and merchant services in the digital realm, according to a release.

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Data Breach Leaks 773M Emails, 21M Passwords

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The largest public data breach ever has been discovered, according to Gizmodo. The breach is just one data batch of at least six more, collected by someone trying to sell the stolen info, which amounts to almost 1 terabyte of stolen information.

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Facebook Data Breaches Could Prompt New Legislation

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The Facebook Cambridge Analytica breach and the knowledge that the company was selling private information to companies might mean that Congress will consider a version of the European Union’s General Data Privacy Regulation (GDPR).

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Pharma Tackles The Puzzle Of Data And B2B Payments

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“Even with a small dispute, it’s a lot of money, and a lot of time and energy, because of the mismatch of data,” Somerville told PYMNTS in a recent interview. Access To Data — But Not All Of It. However, data security is essential to any organization.

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