article thumbnail

Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow

PYMNTS

“I think [consumers] recognize that if location is not being asked for or provided, then that app is inherently not as secure as it could be,” he said. What I've heard multiple times is, ‘Why did [the bank] think I was in Detroit? I've never been to Detroit. A Rude Awakening.

Fraud 232
article thumbnail

Driverless Cars A Threat To National Security

PYMNTS

Justice Department has created a team to conduct a threat analysis on the security risks of self-driving cars. The government team’s focus is to secure the Internet of Things (IoT), including self-driving cars, internet-connected devices and medical equipment. Fiat has been proactive in this regard by recalling almost 1.5

National 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rocket Cos, Quicken Loans Parent, Files IPO 

PYMNTS

Securities and Exchange Commission, the Detroit-based parent of Quicken Loans and Rocket Mortgage will go public under the name Rocket Companies. Rocket Companies, one of the nation’s largest mortgage lenders and parent of Quicken Loans , filed its initial public offering (IPO) late Tuesday (July 7). In its application with the U.S.

Detroit 135
article thumbnail

Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. billion and offered 150 million shares for $20 to $22 each, according to a filing with the Securities and Exchange Commission (SEC). Last month, Gilbert sought an IPO for $3.3

Cleveland 233
article thumbnail

‘Non-Essential’ Retailers Step Up For Their Employees

PYMNTS

1: In Detroit Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants. The company’s portfolio in and around downtown, is said to be expansive and comes as Detroit deals with at least 1,035 infections and nine deaths from COVID-19.

Retail 167
article thumbnail

Vroom Shifts IPO Into High Gear; Looks To Raise $468M

PYMNTS

Securities and Exchange Commission filings cited by the report. It also opened an engineering port in Detroit last year — a city it chose for its “wide pool of skilled tech, design and product talent, as well as its longtime automotive industry legacy.”. The firm has been promoting 18.75

Detroit 131
article thumbnail

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