The City of Los Angeles is suing Wells Fargo, alleging some bank employees in the state have been pressured to adopt “unfair, unlawful and fraudulent conduct” against customers, including but not limited to misusing confidential data, the Los Angeles Times reported. Get the Full Story...
As cybercrime grows, so do the FBI’s attempts to fight it. 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...
Russian hackers attacking the White House might have gotten away with more than President Barack Obama’s schedule, jeopardizing the personal information of many Americans, the U.S. Senate Commerce Committee said in a letter to Obama. Get the Full Story Complete the form to unlock this article...
As the Oct. 1 deadline for the EMV merchant-liability shift inches closer, there’s going to be a lot more reports about which type of merchants are ready, and which aren’t. There’s also going to be plenty of reports on which issuers have their credit and...
Under newly prosed legislation as part of the data breach notification law Congress is looking to put in place, companies wouldn’t have to reveal minor cybersecurity breaches, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy...
When it comes to EMV chip-enabled technology, getting merchants up to speed is the first step into making businesses EMV-compliant by the Oct. 1 deadline. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Around the same time PayPal splits from eBay later this year, the payment processing company will expand its global buyer protection on the one type of goods consumers can’t quite get their hands wrapped around. Get the Full Story Complete the form to unlock this...
Research shows there is an influx of fraudulent tax returns filed by criminals using stolen identities. While recent consumer protection rules aim to prevent this, when it does occur, experts say that the Internal Revenue Service often protects the data on the fake tax return...
Last month, point-of-sale vendor NEXTEP Systems confirmed a security breach that exposed sensitive information of payment cards used at the Zoup restaurant chain. On Thursday (April 30), the company reported yet another potential victim of the security breach. Get the Full Story Complete the form...
