PYMNTS

FEBRUARY 1, 2021

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. But the findings aren't necessarily cause for optimism, warns ITRC President and CEO Eva Velasquez.

Data Breach

PYMNTS

FEBRUARY 7, 2020

That’s because paper becomes the default method of payment when something goes awry — such as when banking credentials can’t be authenticated , or identity cannot be verified. “In I believe the time has arrived for healthcare RFPs in 2020.”.

PCI DSS

FICO

DECEMBER 23, 2019

“It Could Happen to You” might be one of the cheesiest movies of the 1990s (71% on Rotten Tomatoes) but in making my fraud predictions for 2020, the title has an ominous ring to it. Even the most aware and astute consumers can unwittingly give fraudsters financial credentials. In 2020, it could happen to you.

Online and Mobile Banking

PYMNTS

JANUARY 13, 2020

The PYMNTS January 2020 Digital Identity Tracker examines the issues, as well as advances in mobile biometric security, “deepfake” detection and more. Awareness of the extent of identity scams and the solutions that resulted can be used for another purpose: providing credentials to the estimated 1.1 A Crowded Field of Fakery.

EMV

PYMNTS

NOVEMBER 25, 2020

The SEC warned in October that cyberattacks on corporations had been increasing, and businesses were advised to include multi-factor authentication to prevent credential compromises. The survey found that some FIs plan to spend over $3,000 on cybersecurity per employee this year.

Cybersecurity

PYMNTS

FEBRUARY 24, 2020

Restaurants that do not adopt these services risk falling behind, with a recent survey finding that restaurants without delivery apps could lose up to 70 percent of their customer base by the end of 2020. Deep Dive: How AI Helps QSRs Stop ATOs And Credential Stuffing. The Starbucks app also hit 18.9

Account Takeovers

Fintech News

MAY 26, 2024

.” Philip Fayer Nuvei’s Chair and CEO Philip Fayer said, “Bringing in a leader with Gang’s credentials strengthens our executive team and will undoubtedly enable the broader technology team to thrive as we address the complexities of our industry with even more dedicated focus.

Credential

PYMNTS

JUNE 23, 2020

Airbnb CEO Sees Potential For 2020 IPO Amid Bookings Rebound. Ansar Ansari, Visa’s senior vice president of product, digital solutions; and Alan Johnson, vice president of product, digital solutions tell Karen Webster why Visa’s approach to tokenization goes beyond securing credentials on file at merchants and streamlining guest checkout.

Credit Union

PYMNTS

OCTOBER 1, 2020

The digital-first push allows cardholders to manage their payment credentials and also gives them access to transaction history and balance information, as well as the ability to set alerts. The issuing banks, then, are able to position credentials differently depending on how cardholders want to use them.

Credit Cards

PYMNTS

MARCH 14, 2020

Here’s how it works: When a fraudster finds or steals user credentials, they enter the account, change their settings (like email and phone number) and lock out the user. They can also run automated tests of the same credentials against other sites. Next, the fraudster essentially takes over the account and purchases from the site.

Account Takeovers

Fintech News

MAY 1, 2025

In 2024, these attacks accounted for 20% of breaches in APAC, marking a 49-point decline from 69% back in 2020. The use of stolen credentials is also widespread in APAC, present in 55% of breach cases in 2024. In contrast, social engineering attacks continue to decline in prevalence.

APACS

PYMNTS

DECEMBER 10, 2019

Visa Direct has been used to process 2 billion transactions in 2019, a number it is looking to grow in 2020. The broader goal will be to take the Visa Direct-enhanced offering and work with the card network to scale its offering throughout Europe and worldwide in 2020.

P2P

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. Banks were expected to boost their cybersecurity budgets by 15 percent in 2020 compared to previous years, spending an average of $3,000 per employee on such upgrades.

Credential

PYMNTS

DECEMBER 11, 2019

Because their mobile money wallets lack a virtual or physical network credential associated with them, in general they can not work with international use cases. percent between 2019 and 2020, reaching $51 billion. But that might be changing, as today (Dec. But that might be changing, as today (Dec.

Cross-Border

Fintech News

AUGUST 19, 2024

As such, DDEx was launched in December 2020, addressing a gap in the market for digital asset platforms that could uphold the regulatory, operational and security standards expected of any professional counterparty, David added. “These are the same value propositions that we set out to offer clients since our inception in 2020.

Accreditation

PYMNTS

JANUARY 27, 2021

Bot activity is the third major threat banks faced in 2020. This type of fraud is often deployed in tandem with various forms of identity fraud, with bad actors typically tapping bot networks to test stolen credentials en masse. utilize unique passwords for each of their accounts, for example.

Innovation

PYMNTS

JANUARY 28, 2021

PYMNTS recently reported Federal Trade Commission (FTC) figures finding, “More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020.” Much of this is caused by criminals sensing opportunity. It’s on banks to deter them.

Federal Trade Commission

PYMNTS

JANUARY 14, 2020

As reported last year, the major networks – including American Express, Visa, Mastercard and Discover – said they would implement the EMV Secure Remote Commerce standard, with click-to-pay technology, with wide availability beginning in 2020. and then move into international markets through the course of 2020.

Transactions

PYMNTS

JULY 29, 2020

That trend, according to Visa, works to their favor as Visa credentials active in eCommerce excluding travel spiked up by 12 percent among U.S. consumers between January and June, and the total spend per active credential also increased during that time by over 6 percent.

Consumer

PYMNTS

MARCH 31, 2020

The hotel firm said in a notice that it “at the end of February 2020, the company identified that an unexpected amount of guest information may have been accessed” with the sign-in credentials of two franchise property staffers. Marriott said in a post it believes the activity began in the middle of January of this year.

Data Breach

PYMNTS

NOVEMBER 16, 2020

Increasingly, the concern has turned to ransomware and credential compromises, with authorities urging businesses to implement multi-factor authentication measures to protect their data. Researchers examined cases of ransomware attacks in the third quarter of 2020 and found that the average payout rose 31 percent.

Business Email Compromise

PYMNTS

MARCH 13, 2020

As verifiable digital identity gradually becomes the next-gen driver’s license and passport, companies and individuals are bidding farewell to login credentials they either can’t recall or that have already been hacked. The new biometrics are backward-compatible and will reportedly work with existing ATMs. Identity as a Must-Have Service.

Authentication

PYMNTS

AUGUST 17, 2020

The company’s H2 2020 Email Fraud and Identity Deception Trends report revealed widespread vulnerabilities among the largest corporations, and noted 70 percent of BEC scams are sent via free webmail accounts, an increase from 54 percent last December. PYMNTS breaks down the numbers of the latest in B2B fraud below.

Business Email Compromise

The Fintech Times

DECEMBER 17, 2023

The adoption of APIs promises to deliver heightened data security and privacy for TD customers, eliminating the need to share sensitive login credentials with third-party providers. “We know our customers are looking to access new types of services that meet their unique financial needs.

Agreements

PYMNTS

OCTOBER 18, 2018

17) that it will enable tokenization services on all cards by 2020, as part of its Digital Commerce Solutions, a suite of offerings geared toward making online transactions speedier and more secure. Mastercard said Wednesday (Oct. Turner said it is important for consumers to “see or hear the brand” as they transact.

Visa

PYMNTS

MARCH 11, 2020

The ride into 2020 has been bumpy to say the least, and beset with challenges. 29 percent: Share of 2019 fraud incidents issuing from stolen credentials. Some were known issues. Data: 30K: Number of digital drivers’ licenses downloaded in Colorado to date. 17 percent: Share of GDP represented by healthcare costs.

Zelle

Fintech Finance

FEBRUARY 28, 2024

The program improves the digital account opening process by verifying account ownership, lowering account abandonment, reducing non-sufficient fund (NSF) returns, and minimizing manual entry of payment credentials. million in 2020 to hit 47.8 year over year, from 20.7 million by 2026.

Visa

PYMNTS

AUGUST 5, 2020

We’re expecting to see more than 8 million new digital buyers over the age of 45 by the end of 2020,” Horton said. Online, they are providing payment credentials, a delivery address and very likely have created an account with the retailer,” he said. Consumers inject little data into the transaction when they pay in-store with cards.

Security

PYMNTS

JUNE 10, 2019

In a new PYMNTS discussion, Karen Webster and Debbie Gamble, chief officer of innovation labs and new ventures at Interac , spoke about what trust really means to digital commerce and payments as 2019 tilts toward 2020, and how online and mobile players can make sure they are on the right path. Trust Details.

Online and Mobile Banking

PYMNTS

AUGUST 7, 2020

A recent report showed that schemes against such platforms rose 30 percent in Q1 2020 over the previous quarter. percent compound annual growth rate (CAGR) globally from 2020 to 2027. . Why Online Gaming Appeals To Fraudsters . Gaming platforms were facing increasing instances of fraud before the pandemic began. billion in the U.S.

Phishing

PYMNTS

NOVEMBER 13, 2018

It is also observable on the micro-scale in the state of Massachusetts, where an attempt to get citizens to upgrade their drivers’ licenses to a verified “Real ID” by mid-2020 is generating very long lines and a lot of consumer friction in finding and producing the necessary documents. Building a More Perfect World With Fewer Hand-Offs.

Credential

PYMNTS

OCTOBER 31, 2016

billion by 2020, companies — particularly eCommerce retailers — are considering mobile and online innovations in payments and IoT security technology to help thwart cyberattacks. Accenture conducted a pilot program where a car was turned into a payment device (the payment credential was embedded into the car), Dommen explained.

Credential

PYMNTS

JANUARY 15, 2021

14 that a consortium known as the Vaccination Credential Initiative ( VCI ) — including Microsoft, Oracle, Salesforce and the Mayo Clinic — are jointly developing a secure mobile digital ID to prove immunity. Those without smartphones could receive paper printed with QR codes containing W3C verifiable credentials.”.

Credential

PYMNTS

JUNE 27, 2019

Unlocking The Power Of Digital Payment Credentials. Digital is giving us — and our issuers — new ways to add features to the payment credentials, in ways that we couldn’t before,” Shrauger said. One credential can serve many purposes in a digital world. In the U.S., and hopefully expand to the rest of the world from there. “In

Issuers

PYMNTS

DECEMBER 2, 2020

The USDC’s circulation has grown nearly 500 percent in 2020 to almost $3 billion, according to the blog. “I The growth of USDC over the course of 2020 is indicative of what I expect will be the path for Centre business activities and that of future Centre-supported stablecoins.”. “We

Bitcoin

PYMNTS

JANUARY 10, 2020

billion people worldwide lack basic ID credentials, according to the World Bank, and that number rises even higher when it includes individuals with poor-quality IDs that cannot be easily verified. Those without access to verifiable credentials are often restricted from obtaining vital services like education and healthcare.

Credential

PYMNTS

MARCH 2, 2020

After rumors of decline, CUs kicked off the roaring 2020s with higher metrics across the board – mortgage loans up by a staggering 81 percent, loan originations up almost 30 percent year over year, and non-real estate loans up by double digits. Seems that everybody likes credit unions—including cybercrooks. CU in Court.

Credit Union