Home Depot on Thursday (Nov. 6) reported that, in addition to the data for 56 million payment cards that was stolen, thieves also grabbed 53 million customer E-mail addresses. How was this all done? New details on that confirmed that “criminals used a third-party vendor’s...
On Thursday (Nov. 6), U.S. federal officials trumpeted that they had shut down a Web site that used Bitcoin transactions to try and hide $8 million a month in illegal drug and illegal services trafficking. Get the Full Story Complete the form to unlock this...
After several days of defensive interviews about merchant restrictions and an E-mail data breach, the CEO of MCX is finally talking up advantages for shoppers to try the CurrentC system to be rolled out next year. Get the Full Story Complete the form to unlock...
Several close aides to Russian President Vladimir Putin are now the target of a U.S. Justice Department probe into an elaborate money-laundering scheme involving the U.S. financial system, the Wall Street Journal is reporting. Get the Full Story Complete the form to unlock this article...
As deposit-by-smartphone becomes more popular, banks and imaging vendors are looking for new ways to block a new type of fraud: customers cashing a check more than once, American Banker reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Bank of America Merrill Lynch has added some significant new global features for its B2B cards, including expanded country footprints (adding Guatemala and Turkey), real-time account management and integrated global data consolidation in Hong Kong and India, additional B2B payment options in 27 more countries...
Now in its 4th year, TSYS Consumer Payments Survey had its share of surprises. Like consumers now prefer credit to debit when shopping online and rewards will get them to switch to a new card issuer. Sign of the times (people feeling better about credit...
When Apple insists on its cut from Apple Pay transactions, it’s not kidding. According to details from a leaked copy of the contract, Apple can request a written certification that the amounts are accurate and if they dispute it, they get to hire an auditor....
A bipartisan group of U.S. House representatives have asked eBay some pointed questions in the wake of the massive data breach the company announced in May — and for now, at least, eBay has satisfied the lawmakers, according to eCommerceBytes. Get the Full Story Complete...
