Versatile Credit has integrated with Prove Identity to both enhance its fraud screening and streamline its customer onboarding experience. As a software provider connecting merchants, lenders and consumers for point-of-sale loans, Versatile Credit will enable merchants to deploy this solution both online and in-store, the companies said in...
VF Corporation, the owner of Vans, The North Face, Timberland and Dickies, is having trouble fulfilling orders after a Wednesday (Dec. 13) cyberattack. Consumers can place orders on most of its brands’ eCommerce sites, but the cybersecurity incident has impacted the firm’s ability to fulfill...
Database management firm MongoDB is investigating a security breach that exposed customer information. In an alert published on its website Saturday (Dec. 16), the company said it was “actively investigating a security incident involving unauthorized access to certain MongoDB corporate systems, which includes exposure of...
The value of tokenization — where sensitive information is replaced by unique algorithmically generated numbers and letters — has gained wide acknowledgement in commerce. James Mirfin, Visa’s global head of Risk and Identity Solutions, told PYMNTS that fraudsters are perking up to tokenization’s potential to...
Norton Healthcare, a non-profit healthcare system based in Kentucky, has confirmed that it experienced a data breach earlier this year. Hackers gained unauthorized access to the personal data of millions of patients and employees during a ransomware attack in May, TechCrunch reported Monday (Dec. 11), citing Norton’s...
Consumers who scan a QR code for what they think is a legitimate purpose could actually be giving their personal information to scammers. The Federal Trade Commission (FTC) warned consumers of this threat in a consumer alert posted Wednesday (Dec. 6). “A scammer’s QR code could take you to...
Brian Holbrook, director of product strategy at LSEG Risk Intelligence, told PYMNTS in an interview that financial institutions (FIs) are going to have to gird for changes in how they conduct and approach risk management. Nacha, he said, cleared more than 30 billion transactions, with...
Treasury Prime, an embedded banking software company, has joined forces with Effectiv, a fraud and risk management platform, to bring advanced fraud detection capabilities to enterprises and banks, the companies announced Monday (Dec. 4). This collaboration aims to address the increasing incidents of fraud in the...
The Department of the Treasury is seeking expanded powers to combat the use of digital assets in illicit finance. The department provided Congress with recommendations Tuesday (Nov. 28) to expand its authorities to go after illicit actors in the digital asset space, Deputy Treasury Secretary...
