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Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow

PYMNTS

Given the importance of banking, the growing prevalence of online banking and the inherent confidentiality of banking-related personal data, he said he sees the failure to use geolocation — a common but high-value fraud deterrent — as inexplicable. What I've heard multiple times is, ‘Why did [the bank] think I was in Detroit?

Fraud 232
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Five At Five: Amazon Is Making It Big In B2B

PYMNTS

federal judge says that securities law applies to crypto fraud, China has a lead in an important patent area and a major bank makes a big investment push in cities. He first revealed his plans to sell in a March Securities and Exchange Commission (SEC) filing, saying that the proceeds would “fund sidecar investments with the company.”.

Detroit 100
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Rocket Mortgage Parent Plans $3.3B IPO

PYMNTS

Detroit-based Rocket Companies, which owns the Dan Gilbert -founded company Rocket Mortgage , is seeking an initial public offering (IPO) for $3.3 The company is offering 150 million shares for $20 to $22 each, according to the Tuesday (July 28) filing with the Securities and Exchange Commission (SEC), Bloomberg wrote.

Cleveland 140
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MGM Resorts Admits To 2019 Hack

PYMNTS

The resort said it had upgraded its security to make sure a data breach like this one never happens again. MGM Resorts has locations in Las Vegas, Detroit, Mississippi, Maryland and New Jersey, and its properties include the Bellagio, Mandalay Bay, MGM Grand and Park MGM.

Las Vegas 130
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Newegg Victim Of Data Breach That Lasted A Month

PYMNTS

The retailer said that a threat targeted the profiles of customers for nearly two months, Detroit Free Press reported at the time. However, Macy’s said the accounts don’t include Social Security Numbers or CVV numbers. In June, Macy’s detected suspicious logins prompting the retailer to warn customers about a data breach.

Data 161
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Macy’s Online Customers Warned Of Data Breach

PYMNTS

The retailer said that a threat targeted the profiles of customers for nearly two months, Detroit Free Press reported. However, Macy’s said the accounts don’t include Social Security numbers or CVV numbers. The company also revealed that the Social Security numbers of U.S. The website Orbitz.com was not impacted.

Online 134
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How FanFood Brings Mobile Ordering To Sports And Concerts

PYMNTS

Such services are gaining ground at sports venues, too, with teams such as the Detroit Lions rolling out options that help fans skip long lines and avoid missing big plays. Fraud challenges all mobile order-ahead apps, and FanFood is no exception. Hemesath founded FanFood in 2017 with Carson Goodale and William Anderson.

Mobile 101