A group of financial, retail and technology trade associations are calling on the federal government to oversee data breaches. 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...
Western Union has agreed to pay a $60 million fine as part of a consent order with the New York State Department of Financial Services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In the annals of fraud — payments fraud and identity theft and all manner of bad doings — 2017 may be a year we’d all like to forget. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Knowing your customer (KYC) is only part of the battle in making sure payments — and just about everything else tied to a business — are secure. In fact, KYC is but one of a long string of acronyms on the checklist for businesses across verticals,...
Forever 21 has provided an update on a payment card data breach that it first reported in mid-November. According to the national clothing retailer, encryption technology on some of its point-of-sale devices at certain store locations wasn’t always activated. Get the Full Story Complete the...
The only thing worse than being scammed by Nigerian royalty is being scammed by someone merely pretending to be Nigerian royalty. Particularly if one’s Nigerian prince is, in fact, a 67-year-old resident of Slidell, Louisiana. Get the Full Story Complete the form to unlock this...
With the holiday shopping season behind us, most shoppers can probably say with confidence that the worst part of the whole experience was trying to remember passwords for the eCommerce sites they shopped. Get the Full Story Complete the form to unlock this article and...
Fraud is rampant in the furniture, appliance and home improvement industries. The average mid-range chargeback for purchases between $100 and $500 is up from $288 to $336. In this episode of the Global Fraud Index podcast with Karen Webster, Sourabh Kothari, director of merchant advocacy...
For German bank N26, Know Your Customer means knowing their payment habits so well that fraudulent imitators stand out like sore thumbs. In the December PYMNTS Digital Identity Tracker™, powered by Socure, N26 CEO Valentin Stalf explained the bank’s AI- and machine learning-infused approach to...
