The Federal Reserve is launching a pair of new task forces to get its real-time payments effort moving, more than two years after it began working on the initiative, according to a post on the Fed Payments Improvement blog. Get the Full Story Complete the...
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) should let banks share their reports of suspected money-laundering activity with their foreign branches and affiliates, payments association The Clearing House argued in a letter to FinCEN on Friday (March 13). Get the Full Story Complete the...
It’s official: Windows 10 will let users log in using facial recognition, an iris scan or a fingerprint, Microsoft announced on Tuesday (March 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Banking data-security regulations would be a “poor fit” for retailers and other businesses that accept payment cards, the National Retail Federation said in a letter to a group of U.S. senators, according to The Hill. Get the Full Story Complete the form to unlock this...
As lawmakers consider measures for fighting payment data breaches, they need to consult with the people who are already in the fraud-fighting loop — and make sure they get the data they need, according to FICO VP of product management Doug Clare in a post...
About two weeks ago, reports began to emerge that enterprising criminals had found a simple, low tech way to bypass Apple’s state of the art, biometrically authenticated, tokenized, NFC-secure element housed payment platform. Get the Full Story Complete the form to unlock this article and enjoy...
BMO Harris Bank, a unit of Canada’s Bank of Montreal, launched the U.S.’s largest cardless ATM network on Monday (March 16) with the goal of reducing fraud and lowering transaction time. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Across the Asia-Pacific region, each market is on its own path to secure digital transactions. In Australia, two-thirds of MasterCard transactions are already contactless in-store payments. In more emerging markets like Indonesia, consumers are just getting online to transact with mobile devices, but are well...
Uber CFO Brent Callinicos, who helped the ride-sharing startup raise more than $5 billion and reach a valuation of $41 billion, is leaving the company, the Financial Times reported on Monday (March 16). Get the Full Story Complete the form to unlock this article and...
