News

Security & Fraud
Wells Fargo CEO To Appear Before Congress
September 22, 2017

Wells Fargo, the embattled bank, will have its Chief Executive Tim Sloan testify in front of Congress early next month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
SEC Reveals EDGAR Database Was Hacked
September 22, 2017

The U.S. Securities and Exchange Commission faced criticism Thursday (Sept. 21) over its cybersecurity practices and disclosures after it revealed its EDGAR database for corporate filings was hacked last year and could have been used for insider trading. Get the Full Story Complete the form...

Security & Fraud
FTC Fines Mobile App Pact For Charging Customers Who Met Exercise Goals
September 22, 2017

The Federal Trade Commission (FTC) announced Thursday (Sept. 21) it had settled with mobile app company Pact which promised cash incentives to consumers who committed to fitness and nutrition goals. Those incentive were never paid out by the health app, and consumers were instead billed...

Security & Fraud
CTFC Cracks Down On Alleged Bitcoin Ponzi Scheme
September 22, 2017

The U.S. Commodity Futures Trading Commission announced it has filed civil fraud charges against a New York man and his company over an alleged bitcoin investment scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Digital Banking
ECB Could Require Fintechs To Have More Liquidity, Capital Buffers
September 22, 2017

The European Central Bank (ECB) may start requiring bank startups that want to enter the FinTech zone to have more liquidity and capital buffers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Banks Pressure Equifax To Get Its Act Together
September 22, 2017

Financial services firms, it seems, are running out of patience with Equifax. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

B2B Payments
Equifax Hit With Small Business Class Action Suit
September 22, 2017

Equifax, which is enduring the fallback from the latest major cybersecurity breach to rock the U.S. market, now has to face up to small businesses (SMBs) affected by the event. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Faster Payments
Inside Visa And Vantiv’s Plan To Pay SMBs Faster
September 22, 2017

While debit cards have been accessible to small- and medium-sized businesses (SMBs) with business checking accounts, they’re not among the most heavily leveraged tools in the entrepreneur’s toolbox. Some businesses may have declined the option to get a debit card with their business account, and those that did...

Security & Fraud
Jumio CEO: Outfoxing The Cyberfraudsters In Real Time
September 22, 2017

Jumio CEO Stephen Stuut says innovation is key, and must always evolve, when it comes to taking on the bad guys in cyberspace – the ones who steal IDs, and then, money. Equifax is just the latest wake up call – but there are ways...