Over 100 banks worldwide have been hit in a cyberheist that Russian cybersecurity firm Kaspersky Lab estimates could have netted as much as $900 million in stolen funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Apple Pay is joining EMV chip-and-PIN as a standard for roughly 9 million Federal payment cards, including debit-card accounts used for distributing Social Security and Veterans benefits, Bloomberg News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A Gemalto report showed that more than 1 billion data records were stolen from 1,500 separate hacking incidents in 2014. This is a 49 percent increase from the 2013 figure and a 78 percent increase in the number of records compromised. Get the Full Story...
Visa customers’ lives are about to get that much easier when they are planning to be traveling far from home. Whereas it was once necessary to call the bank before leaving or risk the bank turning off the card for fear of fraud at the...
The merchant search to find better ways to connect with consumers via gifts, offers, discounts and more remains one of the key drivers of payments innovation today. But Henry Helgeson, CEO of Cayan says that with the “looming cloud” of EMV and security, there needs...
While smartphones seem to be progressively devouring the day for most Americans, mobile commerce and mobile payments are lagging far behind the other uses of mobile devices, according to a new pair of surveys. Get the Full Story Complete the form to unlock this article...
Two years ago, the Federal Reserve was looking to take a decade to review how to make payments a faster process, commissioning study after study on how best to do it. Yet the industry doesn’t go at the Fed’s speed, and they now realize that...
The public relations cleanup following Anthem Inc’s data breach keeps getting worse for the health care insurance provider as U.S. state governments are filing formal letters of complaints against the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
“Kill switches” are proving deadly to smartphone theft, which has dropped by half in London, 40 percent in San Francisco and 25 percent in New York City in the year after Apple added a kill switch to the iPhone, Reuters reported. Get the Full Story...
