British banking authorities are pressuring the Bank of England to offer far more details about its ten-hour breakdown on Monday (Oct. 20) of the UK’s high value payments system, CHAPS, Finextra is reporting. Get the Full Story Complete the form to unlock this article and...
As the industry tries and reacts to the massive cyber attack inflicted on JPMorgan Chase, federal and state authorities are pushing banks and brokerage firms to close some gaping holes in their defenses, the New York Times is reporting. Get the Full Story Complete the...
Apple Pay’s decision to use tokens has some fringe benefits beyond allowing retailers to get money without storing payment credentials. Like many token efforts, because Apple Pay is not storing the payment credentials, the Wall Street Journal points out, it can avoid a lot of...
Jumio, a company that tried to make mobile payment easier by using the phone’s camera to sidestep manual data entry, on Tuesday (Oct. 21) introduced Bam Checkout, which the company is hoping will counter Apple Pay, according to TechCrunch. The new twist is allowing users...
Amidst reports that a series of man-in-the-middle-attacks has been launched against Apple’s iCloud in China—one report specified that agents working for the government of China were deeply involved—Apple has posted a security document warning consumers and offering practical tips on how to avoid being victimized....
Since its rather dramatic dethroning by Apple as the go-to smart phone of choice, it’s been a long strange trip over the last year for Blackberry, with the will-the-won’t-they possibility of acquisition of the Canadian company by a stronger player. The rumor mill, it seems,...
The incoming chairman of the American Bankers Association says one of his top priorities will be working with retailers to secure the payments system, American Banker reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The $21 billion office supply chain Staples appears to be the latest retail chain hit by cyberthieves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
The Bitcoin payments processor that was created by former Visa and Cybersource people, Bitnet, has pulled in $14.5 million in funding, including from a new player on the digital currency scene: Rakuten. Get the Full Story Complete the form to unlock this article and enjoy...
