Idaho Inmates Discover Glitch In JPay Credit System
Idaho Inmates Discover Glitch In JPay Credit System
July 30, 2018  |  Digital Payments

More than 300 prison inmates in Idaho received a quarter million dollars in credits to their JPay accounts by allegedly exploiting a bug in the system....

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Network Issue Causes Payment Card Issues In Finland
Network Issue Causes Payment Card Issues In Finland
July 30, 2018  |  Mobile Payments

Scandinavian payment firm Nets said that clients at some Finland banks reported issues when using their payment cards on Sunday (July 29). “The problems affected...

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IBM Wins $83M In Patent Infringement Suit Against Groupon
IBM Wins $83M In Patent Infringement Suit Against Groupon
July 30, 2018  |  Legal

International Business Machines was awarded an $83 million judgment in a patent court case lodged against daily deal website operator Groupon. Reuters, citing court proceedings...

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Kaspersky Discovers New Malware Targeting Corporations
Kaspersky Discovers New Malware Targeting Corporations
July 30, 2018  |  Security & Fraud

Researchers at Kaspersky Lab have discovered a new form of cryptojacking malware that has targeted corporations in multiple countries. “The malware, which we dubbed PowerGhost,...

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Payments Industry Mourns the Passing Of Paya CEO Joe Kaplan
Payments Industry Mourns the Passing Of Paya CEO Joe Kaplan
July 30, 2018  |  Personnel

Joe Kaplan, the Electronic Transactions Association’s former board president and Chief Executive of Paya, passed away last week unexpectedly. According to the ETA, Kaplan — who...

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Commerce Department Developing Data Privacy Policies
Commerce Department Developing Data Privacy Policies
July 30, 2018  |  Data

The White House is in the process of crafting consumer data privacy policies with the Commerce Department, talking with the likes of Facebook, Comcast and...

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Zuckerberg Waiting For Green Light To Officially Launch WhatsApp In India
Zuckerberg Waiting For Green Light To Officially Launch WhatsApp In India
July 30, 2018  |  Payments Innovation

Facebook-owned WhatsApp is still working towards approval from the Indian government to officially launch its payment service across the country. In February, WhatsApp launched a...

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Cross-Border Paytech Firm TransferMate Scores Investment From ING
Cross-Border Paytech Firm TransferMate Scores Investment From ING
July 30, 2018  |  Investments

Cross-border business paytech firm TransferMate has received a €21 million investment from ING. In exchange for the funding, ING will receive a minority equity stake...

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Ant Financial Is Turning Chinese Banking On Its Head
Ant Financial Is Turning Chinese Banking On Its Head
July 30, 2018  |  Digital Payments

Ant Financial Services, the Chinese payment affiliate of Alibaba, has created a massive FinTech company that is turning Chinese banking on its head as the...

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