Financial institutions are well aware of the heightened threat they face from targeted attacks and malicious software campaigns. A new report from Kaspersky Lab puts that reality into numbers, with second-quarter increases in online banking threats and mobile malware. Get the Full Story Complete the...
Treasury Department oversight of non-bank money-remittance businesses would be more streamlined by reducing duplication of regulatory reviews with states under a bill now awaiting President Obama’s signature. The bill also could save remittance companies millions by not have to go through duplicative state and federal...
Issuer overdraft protections over the past few years have grown in notoriety, with many issuers early on adding the fee-based service to customer accounts without their knowledge or through communications that were unclear or hidden in lengthy documents. In 2010, the Federal Reserve banned depository...
From the latest on a Justice Department’s antitrust case against a major card network to a B2B fleet card processor’s merger-and-acquisition ambitions, we learned a lot this week from payments company quarterly earnings. To bring it all together, PYMNTS.com has summarized the quarterly earnings covered...
MasterCard showed sizable second-quarter gains, with net revenue up 13 percent driven by significant transaction growth on both the consumer and commercial credit side. It has plans to roll out MasterPass over the next few years to the markets that drive 75 percent of its...
What does a Chief Ninja do on his summer vacation? MPD CEO Karen Webster got a chance to find out when she chatted with LevelUp Chief Ninja Seth Priebatsch about the company's latest expansion this summer, which will move LevelUp into a crowded but lucrative...
Oh where oh where have the investments in Fintech gone? Well, last week, $8.9 billion of it went to a bunch of players in payments with acquisitions in the processing and security sectors leading the way.
The Federal Reserve last week released its “2013 Federal Reserve Payments Study Detailed Report,” which adds details to the summary of its findings released in December. Rich on data, the report is a triennial project for the Fed that helps the industry keep up with...
Since Congress created the Consumer Financial Protection Bureau three years ago to address consumer issues related to the financial crisis, it has logged some 400,000 complaints. In a new proposal, the bureau now wants to enable consumers and financial companies to describe details and reactions....
