Security & Fraud

International
US Investigating UK Uber Payment Breach
May 26, 2015

Some British customers of Uber’s ridesharing app have claimed that money has been taken from accounts for rides they never took – a claim that has spurred U.S. authorities to look into how those users have been charged by the service. Get the Full Story...

International
Inside NSA’s Plans To Hack Smartphone App Stores
May 26, 2015

The National Security Agency, along with several U.S. allies, developed a covert plan to hack smartphones using Samsung and Google apps. The intelligence efforts – which sought to infect those apps with spyware in an effort to monitor and “misinform” targets – were disclosed Thursday...

Border Branches Closing Over Dirty Money Concerns
May 26, 2015

Concerns over human and drug trafficking have led some big banks to make an extreme move in an attempt to avoid illegal money that is flowing over the border (or, more accurately, crawling under the border in dozens of long underground tunnels) and ending up...

Regulations Lead to Rise in Risky Loans
May 25, 2015

With financial oversight focused on legitimate banks, some less-than-kosher loan providers are reaping the benefits. 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,...

News
Adult FriendFinder Data Breach Exposes Millions
May 25, 2015

While there’s no concrete evidence that the payments information attached to the accounts were compromised, the online dating site Adult FriendFinder admitted that its database was breached — impacting an estimated 4 million members, according to multiple media reports. Get the Full Story Complete the form to...

TransFirst Now Certified For Apple Pay
May 22, 2015

TransFirst, a transaction processing services provider, announced yesterday (May 21) that it is now certified to accept Apple Pay. It also announced that it will allow EMV payment acceptance via Ingenico Group EMV capable terminals, which are now made possible with TransFirst’s EMV applications. Get the Full Story Complete the...

Credit Reporting Agencies Vow To Improve
May 21, 2015

The agreement between the three main credit agencies and the attorneys general of 31 states will pave the way for the continued rollout of the National Consumer Assistance Plan, an executive representing the three credit ratings agency said Wednesday (May 20). Get the Full Story Complete...

News
Health Care Insurance Data Breach Hits 1.1M Users
May 21, 2015

CareFirst BlueCross BlueShield, which offers health insurance in Maryland, Washington, D.C., and Virginia, said yesterday (May 20) it had been the victim of a data breach that dates back to June 2014 – when hackers compromised the data of approximately 1.1 million current and former members who...

The Starbucks Breach That Wasn’t (And Other Lessons In Security)
May 21, 2015

One of the many merits of the World Wide Web is its ability to assist in the near instantaneous transmission of vital information around the world – almost at the speed of light. While the 24-hour news cycle cannot fairly be counted as a product...