After the Home Depot breach of some 56 million pieces of card data, it was only a matter of time before it would deliver the fraudulent purchases that fund such an attack. That time has now arrived with bad purchases now “rippling across financial institutions...
New technologies often bring with them new vulnerabilities, and in this period of rapid innovation, banks’ need to manage the associated operational risks is the most urgent, a top U.S. banking official advised this week. Get the Full Story Complete the form to unlock this...
Consumers might need a bit of protection from the Consumer Financial Protection Bureau, as the Government Accountability Office reported Monday (Sept. 22) that not only does the CFPB have access to more than 600 million payment card records but “the CFPB lacks a consistent plan...
Benjamin Lawsky, the New York State Department of Financial Services chief, has decided he needs to shake things up a little if he wants financial executives to take cyber attacks seriously. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
MasterCard is preparing some October liability changes, including one that increase PIN protections. 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 daily newsletter, PYMNTS Today....
The European Union Council of Ministers is preparing to toughen the rules for all mobile and digital payments, according to a report in Computing.co.uk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Former NBA player Rex Chapman learned the hard way that sometimes a career change into criminality is more difficult than the television show Breaking Bad would lead one to believe. Chapman was arrested on nine counts of organized retail theft and five counts of trafficking...
Did Home Depot’s IT operation ignore—for years—internal warnings that it’s security was inadequate? A New York Times report, quoting various former employees of the home improvement chain, says that it did. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In the wake of the launch of Apple Pay, MasterCard announced that it recently held a closed pilot to understand the consumer experience around voice and facial recognition, according to a company blog post by Ajay Bhalla, President, Enterprise Safety and Security at MasterCard.
