Security & Fraud

Financial Inclusion
PayPal Australia Reassures Customers After Potential Data Breach
May 29, 2014

Some Apple users in Australia have found themselves victims of a unique attack by hackers through their iPhones. According to several reports, Apple customers received a message on their iPhones, iPads and Macs, which told them that if they didn’t pay US$100 to a PayPal...

Alternative Finances
Australian State Links Tap-And-Go Cards To Crime Increase
May 29, 2014

Tap-and-go credit cards might be convenient for consumers, but they could also be convenient for thieves. At least, that is the mindset of some law enforcement in Victoria, Australia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Company Spotlight
Fraud Report Compares Payment Options
May 29, 2014

An inaugural quarterly fraud-index report from online-payments provider 2Checkout identifies Discover and Diners Club credit cards as experiencing the most amounts of fraud and Acculynk payments as having the least fraudulent activity. Get the Full Story Complete the form to unlock this article and enjoy...

Company Spotlight
MasterCard Extends 0% Liability Protections To PIN-Debit Activity
May 29, 2014

MasterCard is extending its zero-liability policy in the U.S. to include all MasterCard PIN-based purchases and ATM transactions, the company announced May 28. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Hmmm
Data Thieves Not Satisfied With Just Payment Data Anymore
May 28, 2014

Just as companies diversify to grow and succeed, so, too, are data thieves. New research from security firm Trustwave shows how personal information such as customer records increasingly are on crooks’ malware radar screens.

News
Hacking Incident Hurts eBay Auctions
May 28, 2014

In a surprising move, eBay is allowing sellers to cancel auction transactions for an 11-day period–as long as they used PayPal to finance the original transaction. The move follows a recent hacking of the e-retailers customer database. However, if buyers didn’t use PayPal to pay for...

News
Phishing URLs Related to PayPal Up 73%
May 28, 2014

PayPal users ought to be particularly vigilant about phishing scammers. A new report released by the CYREN GlobalView Security Lab revealed a 73 percent increase in the number of phishing attacks aimed at PayPal users. Get the Full Story Complete the form to unlock this...

International
Israel Restricts Cash To Fight Money Laundering
May 28, 2014

As part of a new government plan to reduce money laundering, cash transactions between businesses in Israel will be limited to 5,000 shekels ($1,400) by law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Alternative Finances
Report Reveals Evidence Of Bitcoin Ponzi Scheme
May 26, 2014

Something called Willy Report surfaced on Sunday suggesting that the spike in bitcoin price last year from $200 to $1200 was the result of bots creating fake accounts in an effort to drive up the price. These accounts were never funded with real money. Get...