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Forever 21 Stores Hacked

PYMNTS

The Los Angeles-based company said the probe was focused on transactions made at its stores between March and October of this year, and that since the investigation was ongoing, it could not give complete findings. The company, which operates more than 815 stores in 57 countries, did not say which specific locations were affected.

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The Week In Payments: China, China, Challenger Banks And Bitcoin

PYMNTS

market with limited trialing of its services in Los Angeles: to date, it reports 3.7 The rising millennial generation, she noted, will likely decide what the real future of banking is going to look like. The funds, according to reports , will go toward fueling expansion into new markets, notably the U.S.

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Location Detection: Building The Bank Business Case For Better Geolocation Data

PYMNTS

But as GeoGuard CEO David Briggs and People’s United Bank VP of Financial Crimes and Fraud Intelligence Karen Boyer told Karen Webster, realizing the full benefits of using geolocation will take a bit of education – for consumers, yes, but also for banks. Not all data are created equal, of course. percent,” he said.

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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

see https://www.bloomberg.com/news/articles/2016-06-01/this-is-how-a-banker-in-brooklyn-makes-money-on-millennials ). A Shout Out for a Gutsy Call – Scott Reckard, a reporter for the Los Angeles Times, who first wrote about Wells Fargo’s branch pressure tactics in 2013. What’s next, rage in the cage, two CEOs, winner take all?

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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

A Shout Out for a Gutsy Call – Scott Reckard, a reporter for the Los Angeles Times, who first wrote about Wells Fargo’s branch pressure tactics in 2013. The Vanity is Alive Award – Goes to the Chase Sapphire Reserve card that went gangbusters with millennials who were willing to pay a $450 annual fee for a metal travel card.

Utah 60
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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

Emailage raised an undisclosed sum for its fraud prevention technology keyed off email address. HQ: Los Angeles, California. Alt-lender targeting millennials . Fraud solutions based on email addresses. Cachet Financial Solutions raised $500,000 for its remote deposit platform. Alt-lender to students.

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The 2015 GonzoBanker Awards

Gonzobanker

That, coupled with snail-slow merchant adoption and the explosive growth of card not present purchases, means it will be a while before we see material fraud benefits from EMV. Millennials. Mom’s Donuts , in a strip mall right next to Junior’s Liquors off the freeway east of Los Angeles. Conference Mojo Award.