Justice Department representatives and bank regulators got a scolding Tuesday as a House Financial Services Subcommittee grilled them on Operation Choke Point. They defended the crackdown as necessary for consumers; but some Members of Congress really begged to differ.
TSYS’s ProPay is partnering with ThreatMetrix to provide an advanced fraud prevention system that accurately differentiates real customers from cyber-criminals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
A new Trojan program called Kronos is up for sale among Russian cyber criminals. It is designed to steal log-in credentials and other financial information from online banking websites. According to PC World, the program can steal credential from IW, Mozilla, Firefox and Chrome, all...
Founder and CEO of LivingSocial Tim O’Shaughnessy has officially been replaced by eBay general manager Gautam Thaker. Thaker also has taken over O’Shaughnessy’s director seat on the company’s board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
At the same very same time that merchants are getting a taste of what mobile can do to reinvent their customer relationships, they’re being asked to invest in EMV technology at the point of sale. In a recent digital discussion, MPD CEO Karen Webster and...
Twenty-seven year old Qendrim Dobruna has pleaded guilty to bank fraud charges in a case stemming back to 2011 where a team of hackers targeted and stole $14 million from ATMs in two days. Get the Full Story Complete the form to unlock this article and...
In what can only best be described as a zombie threat to payments security, hackers have resurrected the heretofore-defunct GameoverZeus bot.net that was used to infect computers with malware. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Android devices have a bigger market share overall in the smartphone market, but a way bigger fraud problem too – three times as much as Apple does, in fact. That will surely hit merchants doing business with consumers via mobile right where it hurts. That’s...
Oberthur Technologies (OT) and SecureKey will be collaborating on a range of online authentication solutions that could make entering passwords a thing of the past. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
