Android devices have a bigger market share overall in the smartphone market, but a way bigger fraud problem too – three times as much as Apple does, in fact. That will surely hit merchants doing business with consumers via mobile right where it hurts. That’s...
In the latest of a string of decisions that have gone against the short-term “payday” loan industry, the Community Financial Protection Bureau (CFPB) has fined ACE Cash Express $5 million for predatory loan practices. The settlement also include $5 million that ACE is to payout...
Who better than a mobile operator to actually deploy mobile authentication solutions for commerce? Well, that’s at least the opinion of AT&T who soon plans to test a service for international travelers so that they can avoid declined card transactions. How will their solution compete...
The Securities Industry and Financial Markets Association (SIFMA) - worries that the U.S. banking system is dangerously vulnerable to acts of cyber-warfare that could fundamentally damage the entire economy. To head off the threat, the organization wants to see banking executives, federal officials and security...
The U.S. Justice Department has announced that it has arrested Russian hacker and stolen credit card entrepreneur Roman Seleznev. Selenev is accused of running a network of online shops that made credit and debit card data stolen in breaches at restaurants and retailers throughout the...
A popular commercial in the 2000s depicted the debate over Mac computers versus PCs. Currently; the larger battle is between what types of smartphones consumers carry. Do you run on iOS software, or are you an Android backer? For the latter group, the last year...
Economic benefits from hosting the 2014 World Cup aren’t the only thing hitting the Brazilian economy right now. It has come to light that Brazil might be dealing with an organized cybercrime operation that sought to compromise over $3.75 billion in transactions. Get the Full...
Embellished denim, gaucho pants, Birkenstocks - three things that the fashion forward of PYMNTS never thought would live to see another day. Now add “knuckle buster” (aka manual credit card terminal) to that list. This 50-year old piece of payments memorabilia returned for the dead...
For consumers, the recent data breaches at major retailers are an unsettling reminder that cardholder data may not be as secure as they might like it to be. A survey of 1,000 consumers conducted by TSYS had some surprising findings about who consumers hold responsible...
