Security & Fraud

B2B Payments
Vantiv And Capital One Team Up On Integrated Payments
July 09, 2015

Capital One Bank has commenced a long-term agreement with Vantiv, the payment processing company. 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...

News
The Changing Motives Behind Cybercrime
July 09, 2015

Symantec warns in a report published yesterday (July 8) that a new group of criminal hackers — dubbed the “Morpho” group — is driven by quick financial gains, attacking multibillion-dollar companies such as Twitter, Facebook, Apple and Microsoft, which have all publicly acknowledged the attacks....

International
Cash Reigns Supreme For Cybercriminals
July 09, 2015

Cash may be losing its place as a go-to payment method for consumers, but according to the European Union’s law enforcement agency Europol, cybercriminals are revitalizing the use of cash as a preferred method to launder the proceeds of their crimes. Get the Full Story...

How Much Do Smartphone Users Bank In The Bedroom?
July 09, 2015

How much are consumers really addicted to their smartphones? Well, when it comes to mobile banking, the answer is quite addicted. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Study Shows Security Gaps In Vendor Risk Management
July 09, 2015

With cyberattacks and data security threats looming at insecure access points, organizations must make improvements to their risk management programs in order to keep pace with the latest risks and challenges, according to the “2015 Vendor Risk Management Benchmark Study.” Get the Full Story Complete...

Gimbal Rolls Out USB-Powered Proximity Beacons
July 08, 2015

Gimbal, a mobile technology company based in San Diego, said Tuesday (July 7) that it is launching a Bluetooth Smart (low energy) beacon for use across a variety of devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fed Demands Santander Clean Up Risk Management
July 08, 2015

The Federal Reserve is mandating that Banco Santander SA make sweeping changes in its risk management practices at its U.S. unit, The Wall Street Journal reported Tuesday (July 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

How A Phone Scam Cost One Hedge Fund $1.2M
July 08, 2015

While all eyes are on cyberattacks and security breaches, a new type of fraud made out of a single phone call is a harsh reminder that technology cannot protect from a human — even if honest — error. Get the Full Story Complete the form...

Controversial
JPMorgan Settles for $136M In Credit Card Probe
July 08, 2015

JPMorgan will pay $136 million — $11 million more than had been initially anticipated — to settle U.S. state and federal probes into the bank’s practices around the buying and selling of consumer credit card debt. Get the Full Story Complete the form to unlock...