In a potentially significant ruling from the Financial Crimes Enforcement Network (FinCEN), Bitcoin platforms are being reclassified as money transmitters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
CurrentC made a lot of headlines this week, but not because they meant to. The PR backlash as a result of the decision on the part of CVS and Rite Aid to disable NFC, and therefore Apple Pay, caused the mainstream media and social media...
Fears are driven by an intersection of a horrible outcome and the perceived probability of it happening to that person. So when Gallup this month surveyed 1,017 U.S. adults in the U.S. and asked what their greatest fears were, having credit card data stolen by...
What every bank, credit union, end-user organization and payments disruptor like Apple is chasing right now is the ability to enable consumers to conduct commerce on devices connected to the internet. But The Payments Authority CEO Amy Smith says financial institutions will have to make...
Here’s a cyberthief twist. Thieves are routing bogus transactions through Brazil and are riding under the cover of EMV. The twist? “They were all submitted through Visa and MasterCard‘s networks as chip-enabled transactions, even though the banks that issued the cards in question haven’t even...
Given the breadth and depth of the data breach of 2014, it should come as no surprise that the nation’s big banks are feelings cautious bordering on paranoid about their security. And they would like it if their lawyers would feel the same way. Get...
Wall Street is starting to notice the many benefactors of payments changed fueled by Apple Pay and at the top of that list is now VeriFone, reports Barron’s. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Scariest Things In Payments 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. By completing this form, you agree to receive...
First it was Target and the world was shocked at how easy it was for a massive number of cards to be stolen. Then there was Michaels, P.F Chang’s, Home Depot and Staples (among many others) and 2014 is the year of the data breach,...
