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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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Report: ABG May Buy Bankrupt Ann Taylor Parent Firm Ascena

PYMNTS

Authentic Brands Group ( ABG ), the New York-based brand management company, could be the latest potential buyer of Ascena Retail Group , the recently bankrupt parent firm of Ann Taylor, Footwear News reported. Under a restructuring, the conglomerate would close its Canada, Puerto Rico and Mexico stores and its Catherines shops.

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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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TransferMate Gets Payment License In Singapore; Shanghai Commercial Bank Teams With EMQ

PYMNTS

and Puerto Rico in addition to Canada, New Zealand and Australia, among other places. Through the tie-up, the SCB payment platform would integrate with the network of EMQ to reportedly offer cost-effective as well as secure cross-border solutions. As it stands, the company has license approval in 49 U.S. states along with D.C.

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Bancolombia, First Data Team Up On eCommerce Solutions In Colombia

PYMNTS

The alliance, according to both companies, will focus on “building commerce technology solutions for merchants and facilitating access to the banking system” by providing “secure, efficient transactions” through technological improvements in Colombia.

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Equifax Reaches Historic $575 Million Settlement Agreement Arising from 2017 Data Breach

CFPB Monitor

The FTC complaint alleges Equifax was aware of a security vulnerability in a database containing consumer inquiries about their personal credit data. million Social Security numbers, and 209,900 payment card numbers and expiration dates. Participating in third party audits of its security program every two years.

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Equipping Disaster Workers With Card-Based Financial Tools

PYMNTS

and Hurricane Maria shook Puerto Rico — meaning the impacts were widely felt. population was affected by natural disasters last year, according to research from the Federal Emergency Management Agency (FEMA). It manages approximately 150 temporary and permanent staff members and 8,500 volunteers worldwide. A magnitude 7.1

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