New research shows that one office machine can cause serious security issues — and it’s not the computer. Believe it or not, the fax machine could potentially allow an attacker to steal sensitive files through a company’s network, using just a phone line and a...
ATM servicer and software provider Diebold Nixdorf has hired financial advisors as it considers a sale. According to CNBC, sources revealed that “Diebold hired Credit Suisse and Evercore last week to help identify potential buyers,” though it is too early to determine a price for...
China’s peer-to-peer (P2P) lending crisis has caused widespread anger from citizens who are demanding that the government bail out hundreds of collapsed P2P companies. Last week, it was reported that China ordered a lockdown of Beijing’s financial district to prevent individuals from protesting a crisis in...
Alternative payments methods, such as contactless and QR codes, have been growing globally in popularity for the last half-decade or so. However, the year 2018 has seen something of a quiet sea change when it comes to the acceptance of such payment methods among hotels...
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The Federal Bureau of Investigation (FBI) has issued a warning to banks that cybercriminals are gearing up to launch a choreographed global scam, known as the “ATM cashout,” in which the bad guys hack a bank or payment card processor to make cloned cards that...
Welcome to the Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the newest sales figures from the National Retail Federation (NRF), along with two stories about new revenue paths for Amazon. Citigroup has let go of a...
The vagaries of currency take on all sorts of meaning to consumers, borrowers and lenders large and small, individual and corporate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Citigroup announced Monday (Aug. 13) that Jud Linville, CEO of global cards and consumer services, will leave the bank as part of executive reshuffling. According to a report in CNBC, Citigroup is overhauling the executives in its global consumer banking businesses and, as a result,...
