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PR Gov’t Loses $2.6M Due To Email Phishing

PYMNTS

The government of Puerto Rico lost $2.6 The department has faced strong criticism from the people of Puerto Rico about the incident, as the country has been dealing with a recession for more than a decade, and some government services have been cut as a result. “I

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Equifax Names Ex-Mastercard CEO To Its Board

PYMNTS

Prior to Mastercard, he spent 20 years at Citibank, where he held several leadership positions, including managing parts of Citibank’s Consumer Financial Services business in the United States, Brazil, Puerto Rico and the United Kingdom. At the end of 2017, the cost from the data breach stood at $439 million.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Payments risk & compliance management. Tax & accounting practice management. Fraud detection. Online investment manager. Puerto Rican marketplace lender. HQ: Puerto Rico. Tags: Investing, wealth management, stocks, trading, equities. Source: The Oregonian. HQ: Palo Alto, California.

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Fizzle Of The Week: Puerto Rico’s Cash Crisis

PYMNTS

SEC Hack : The place even has Securities in the name (OK, of a different sort of security) but proves to be anything but secure. Fizzle of the Week: Puerto Rico’s Cash Crisis. Not only are the lights out in Puerto Rico, they are likely going to be out for quite some time. Puerto Rico is short on cash.

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Surprise Edition: Amex, Hackers And Starbucks E-Commerce Sign-Off

PYMNTS

Two American Express banking subsidiaries have found themselves on the wrong side of the CFPB’s fining pen for discriminating against consumers in Puerto Rico, the U.S. American Express discriminated against consumers in Puerto Rico and the U.S. American Express’ $96M Discrimination Problem. Virgin Islands and other U.S.