Industry Roundups

  • Financial Institutions Can Expect To Pay Millions More Fighting Account-Application Fraud: Report

    Financial Institutions Can Expect To Pay Millions More Fighting Account-Application Fraud: Report

    Banks and credit unions will face an uphill battle fighting account-application fraud in the next few years, according to a new report from Aite Group LLC.

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  • Eye on Security: Oversight of Payment Software To Change Under PCI Council Plan; EMVCo Updates 3-D Secure

    Eye on Security: Oversight of Payment Software To Change Under PCI Council Plan; EMVCo Updates 3-D Secure

    Oversight of payment-processing software will change under detailed plans announced by the PCI Security Standards Council.

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  • Chase Gets Back Into Contactless Cards, Signaling Stronger Momentum for Tap-And-Go EMV

    Chase Gets Back Into Contactless Cards, Signaling Stronger Momentum for Tap-And-Go EMV

    Giant card issuer Chase once again will issue contactless credit and debit cards.

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  • Amazon, Google at odds with big banks over Fed's role in faster payments

    Amazon, Google at odds with big banks over Fed's role in faster payments

    Amazon, Apple and Google all declared their support Friday for the Fed taking a central role in the development of a modernized system that would connect all U.S. banks and credit unions.

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  • Rising Interest Rates Have Hurt Smaller Banks

    Rising Interest Rates Have Hurt Smaller Banks

    Smaller banks around the country are feeling the pinch as rising interest rates keep earnings static on loans and customers want more interest on their deposits, according to a report from WSJ.

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  • Google Pauses Facial Recognition API Sales

    Google Pauses Facial Recognition API Sales

    While facial recognition can be used for simple applications such as unlocking your phone, Google said it’s important to better understand the implications of the technology before offering it...

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  • EMVCo Updates Protocol To Prevent CNP Fraud

    EMVCo Updates Protocol To Prevent CNP Fraud

    EMVCo announced late last week that it published the EMV 3-D Secure Protocol and Core Functions Specification v2.2.0.

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  • 2018: The Year of the Payments Power Broker

    2018: The Year of the Payments Power Broker

    A look back to see how well PYMNTS.com predictions held up.

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  • Cyber Criminals Targeting Holiday Spirit with New Gift Card Scam

    Cyber Criminals Targeting Holiday Spirit with New Gift Card Scam

    Just in time for the holiday season, cyber criminals are putting a new twist on a phishing attack with a large-scale impersonation campaign.

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  • How Will 5G Shake up Banking and FinTech?

    How Will 5G Shake up Banking and FinTech?

    5G offers the possibility of new technology that can help FinTech and financial institutions — technology that can be thrown into the existing mix to fuel ongoing digital efforts.

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  • Merchant Payments and Decoupled Debit, Again?

    Merchant Payments and Decoupled Debit, Again?

    Decoupled debit is again in the news, touted (again) as the interchange fee elixir for merchants — made more powerful, they say, in the age of merchant-branded payments apps.

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  • While contactless uptake slow in US, mobile device sales not seen as factor

    While contactless uptake slow in US, mobile device sales not seen as factor

    Questions remain about why the U.S. market trails other countries in adoption rates.

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  • T-Mobile may usher in wave of wireless carriers looking to disrupt banking

    T-Mobile may usher in wave of wireless carriers looking to disrupt banking

    The reentry of T-Mobile into the mobile banking business marks what analysts say is a renewed push by U.S. wireless carriers to exploit an opportunity to disrupt traditional banking models.

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  • FTC Seeks Input On Identity Theft Prevention

    FTC Seeks Input On Identity Theft Prevention

    The FTC is seeking comment on whether the agency should make changes to rules requiring FIs and creditors to take certain steps to detect signs of identity theft affecting their customers.

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  • Walmart and Target Push the Fed on Faster Payments

    Walmart and Target Push the Fed on Faster Payments

    The retail giants are among the companies urging the Fed to develop a service to settle interbank transfers in real time, 24 hours a day, seven days a week.

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  • Americans Are Likely to Spend More This Holiday Season: Discover Survey

    Americans Are Likely to Spend More This Holiday Season: Discover Survey

    Discover’s annual holiday shopping survey explores Americans’ expected spending habits for this upcoming holiday season.

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  • Venmo Payment Fraud Led To $40M In Losses

    Venmo Payment Fraud Led To $40M In Losses

    As loss patterns emerged, the Venmo team quickly updated the new features to prevent losses and protect customers.

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  • Black Friday mobile shoppers smash previous single-day record

    Black Friday mobile shoppers smash previous single-day record

    Consumers continued the push toward mobile shopping as data from Adobe Analytics reported more than $2.1 billion in sales from smartphones.

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  • USPS API Security Flaw Hits 60M Users

    USPS API Security Flaw Hits 60M Users

    A flaw on the website of the U.S. Postal Service (USPS) reportedly exposed account data for an estimated 60 million users, KrebsOnSecurity reported Wednesday (November 21).

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  • Feedzai’s Bizzaro: regulation a challenge for cybersecurity providers

    The need to anonymize certain data because of regulations is providing an added challenge for cybersecurity providers, says co-founder and chief science officer at Feedzai.

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