The U.S. Department of Justice has brought federal charges against three people who have been accused of being the masterminds behind a cyber fraud ring in connection to a case that involves a billion stolen email addresses, Reuters reported. Get the Full Story Complete the...
As the Federal Trade Commission looks to work with the White House to tighten data security laws, consumer protection officials have been both proponents and critics of the Consumer Privacy Bill that was released last month from the White House. Get the Full Story Complete...
China is one step closer to launching its international cross-border yuan payments system, reported Reuters, which cited unnamed sources who indicated the move could occur as soon as September or October. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Ross Ulbricht, the convicted creator of the Silk Road online drug bazaar, is set to be sentenced in May, but his lawyer has filed a motion in New York federal court requesting a retrial, CryptoCoinsNews reported. Get the Full Story Complete the form to unlock...
Samsung won’t be charging anyone for Samsung Pay when it rolls out the mobile payment service in Korea — not card issuing banks and not payment processors, Business Korea reported on Monday (March 9). Get the Full Story Complete the form to unlock this article...
South Korea has officially cut off the use of magnetic-stripe payment cards for getting cash at ATMs, according to English-language newspaper, The Korea Herald. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Another point-of-sale vendor has been hit by cyberthieves. NEXTEP Systems has confirmed that a breach exposed payment card data for cards used at the Zoup restaurant chain, which uses POS devices from NEXTEP, Krebs on Security reported. Get the Full Story Complete the form to...
Sandwich chain Subway is testing a link between its loyalty program and access to its in-store Wi-Fi – and it’s trying out the new approach in some places that aren’t accustomed to being mobile technology guinea pigs. Get the Full Story Complete the form to...
A consumer-issues strategy group is pushing card-issuing U.S. banks to support PINs when they issue new EMV chip cards this year, and not just the chip-and-signature approach that Visa and MasterCard are allowing them to use, Finextra reported on Monday (March 9). Get the Full...
