Community banks are about to get a little help with their transition to EMV chip cards — at least if they use payment services from the Independent Community Bankers of America’s ICBA Bancard subsidiary. The organization said this week it has pledged $600,000 to support...
JPMorgan Chase, which has been fighting to keep from getting smaller in the face of new capital requirements, passed the first round of the Federal Reserve’s 2015 stress tests — but it finished in the bottom 5 among the 31 big banks tested, according to...
An Apple patent application made public this week may hold some clues as to how Apple Pay will work in the future, not just with the iPhone and iPad, but also with the Apple Watch and other wearables. Get the Full Story Complete the form...
The Mandarin Oriental Group, proprietor of the eponymous hotels, seems to be the latest victim of an attack by cybercriminals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
California’s legislature is considering a license for Bitcoin exchanges that would require maintaining bank-style reserves against possible losses, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Several large U.K. banks may be at risk because of a security hole in their two-factor authentication systems, and regulators aren’t acting to deal with the problem, a security research company has revealed. Get the Full Story Complete the form to unlock this article and...
U.S. banks and their customers remained the top targets for financial malware in 2014, even as the infection rate for trojan-style attack software was cut in half, according to a new report from Symantec. Get the Full Story Complete the form to unlock this article...
By the end of 2018, U.S. card-not-present fraud losses are expected to reach $6.4 billion. While the U.S. migrates to EMV to help prevent card-present fraud, the fraudsters are migrating their focus to the online world. Organized crime rings are increasingly nabbing funds in jaw-dropping,...
After a 2013 cyberattack cost it $1.03 million, a public hospital in Washington state is now suing Bank of America to recover some of its losses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
