News

Regulation
State AGs Wonder Why Equifax Waited Six Weeks To Disclose The Breach
October 30, 2017

Five states’ attorneys general are investigating why exactly it was that Equifax didn’t disclose its data breach for almost six weeks after its discovery. Said breach left the personal data of 145.5 million American compromised. Get the Full Story Complete the form to unlock this...

Security & Fraud
The FTC On Identity Fraud’s Biggest Threat
October 30, 2017

In one of the more unfortunate examples of practice making perfect, fraudsters are getting better at what they do. According to the latest edition of the PYMNTS Global Fraud Index – after a short lull post-EMV in the U.S., when fraud briefly went down – they...

B2B Payments
UBS CEO More Interested In Blockchain Than Bitcoin
October 28, 2017

As UBS continues its exploration into blockchain technology, the financial institution’s (FI) CEO Sergio Ermotti told reporters at CNBC his views on the tool. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Things That Go Bump In The Payments Night
October 28, 2017

Halloween is now just three days away. The prepared have already purchased the best costumes and the candy favorites coveted by trick or treaters. Americans have spent a lot of money getting ready — more than $9.1 billion in candy, costumes and Halloween decorations. According to recent reports, if you were to boycott Halloween for your entire...

Bitcoin
Goldman Sachs Prefers Gold Over Bitcoin
October 27, 2017

Goldman Sachs said that when it comes to being assessed on the majority of the key characteristics of money, there’s no competition — gold wins out over cryptocurrencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Bitcoin
How Hackers Compromise Computers To Mine Bitcoin
October 27, 2017

Hackers are using virus-infected consumer computers to generate bitcoin, according to news from The Wall Street Journal. Unknowing users may be having their processing power commandeered to mine the virtual currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

NovoPayment Launches API Platform In Latin America
October 27, 2017

Earlier this month, NovoPayment, a digital finance and transactions firm, announced news of the launch of its Developer Hub, one of the first such platforms servicing Latin America, according to a press release. Get the Full Story Complete the form to unlock this article and...

Nordstrom Turns To Discount Division As Traffic Wanes
October 27, 2017

Nordstrom is looking to reinvigorate its discount chain. According to news from Bloomberg, as foot traffic to malls has declined in 2017, same-store sales have likewise slowed at Nordstrom Rack, which is responsible for nearly a third of the company’s revenue. Get the Full Story Complete the...

Retail
The Frightful Five: Facebook And Google Join The ‘Pay’ Club
October 27, 2017

Amazon, Apple, Facebook, Google and Microsoft: Together, these tech giants are the Frightful Five, and they’re always up to something. From Amazon headquarters suitors and the iPhone X to Facebook and Google payments and Microsoft’s attempt at a smart speaker, we bring you each company’s...