Nearly half of consumers said they would “definitely” or “probably not” shop over the holidays at retailers that experiences data breaches, according to a recent survey. Consumers still need reassurance from the retail world that these breaches won’t happen, says Ajay Bhalla, President, Enterprise Safety...
New payments systems like Apple Pay could offer an opening to terrorists, and should be regulated like banks, the CEO of BB&T said at a payments industry forum this month. Kelly King's solution? If they become important enough, designate them SIFIs [systemically important financial institutions]...
A little over a year ago, when Target was breached, many predicted the coming retail apocalypse wherein consumers would simply be too terrified by security concerns to ever really shop with gusto again. It looks like that particular end-game scenario has not panned out. Get...
In the weeks post Apple Pay’s launch, conversations around igniting mobile wallets – and what consumers actually expect from them – have spun in various directions. On the issuer front, while they seek that visibility and added utility to strengthen customer relationships, they still struggle...
MasterCard sees mobile payment security as crucial, but it’s power is relevant only to the point that shoppers are actually using it. And with Apple Pay, that is starting to happening meaningfully. Get the Full Story Complete the form to unlock this article and enjoy...
Bankers must make consumer safety a priority as they develop a new, real-time electronic payments system, Consumer Financial Protection Bureau Director Richard Cordray told a financial conference on Thursday (Nov. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A U.S. Senate special committee is looking into scams that use reloadable prepaid debit cards like Green Dot’s popular MoneyPak card to victimize consumers, less than a week after the Consumer Financial Protection Bureau proposed new rules that increase consumer protections for funds stolen from...
Given the fresh popularity boost that Apple Pay has given NFC, concerns about the transmission’s use outside of Apple Pay has raised security concerns. Two companies, Oberthur Technologies and Mobeewave, are leveraging those fears and have rolled out a product designed to turn any NFC...
Staples has confirmed that tue retail payment systems at some of its stores were breached this summer, Bank Info Security reported on Tuesday (Nov. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
