PYMNTS

OCTOBER 12, 2018

The good news is that all the recent buzz about real-time and instant payments has brought with it the realization that banks need to understand and address fraud in these new, faster channels. “A The problem may be visible with the payment, but it started at the enrollment process when the criminal was allowed access into the system.

Faster Payments

PYMNTS

DECEMBER 12, 2018

Dunkin’ said account holders’ first and last names — as well as email addresses, account numbers and QR codes — may have been affected by the incident, which it’s calling a “credential stuffing attack,” a form of automated attack that is different from a data breach. Giving Gig Workers Faster, Safer Payments.

Data Breach

PYMNTS

DECEMBER 19, 2019

Customers, particularly consumers and small businesses, naturally blame the bank when fraud or data breaches occur, regardless of who is actually at fault — and fraud is a growing problem. In addition to Open Banking, other industry trends like faster payments are keeping banks on their toes when it comes to security.

Faster Payments

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Fed

PYMNTS

OCTOBER 10, 2019

“With push payments, the consumer is always in control of a transaction,” LaFleche said. Pull Payment Trends. The September Faster Payments Tracker found that push payments are often viewed as more secure than pull payments, the latter of which give creditors access to sensitive bank account information.

Real Time Payments

PYMNTS

MARCH 19, 2019

Data breaches are a serious threat to the financial health of businesses and consumers. Is there a newer way to treat data that might also help prevent fraud? And a new interview shows that speed in payments is not as important as one might assume, which has wider implications for innovation.

Same Day ACH

PYMNTS

NOVEMBER 3, 2017

The recent Equifax data breach and a string of ransomware attacks in Europe have raised several questions around cybersecurity. The November edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, examines the latest efforts by businesses and governments to make faster payments both more widely accessible and secure.

Boot Camp

PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. This means consumers also blame FIs when data breaches occur, regardless of the entity actually at fault.

Technology

The Payments Association

FEBRUARY 13, 2025

Faster payments and faster fraud As new payment use cases and systems take flight, new fraud risks naturally introduce themselves. Decreasing authorised push payment (APP) fraud, for instance, is still a key priority for the UKs Payment Systems Regulator (PSR) in 2025. Here’s an example.

Authentication

PYMNTS

APRIL 18, 2019

GDPR is also challenging the ways companies can collect and interact with consumer data, with companies such as Nokia under more scrutiny than ever before. Alleging that the company is not in compliance with GDPR, Finland is examining a Nokia data breach that may have sent personal information to an unknown server.

Regulations

PYMNTS

JUNE 26, 2018

Faster payments are smarter payments. Safer payments are smarter payments, too. Perhaps, to no surprise, data breaches keep executives up at night — and the rest of us, too. However, though speed matters, so does safety.

Account Takeovers

PYMNTS

DECEMBER 13, 2018

It also shields employers from potential data breaches or General Data Protection Regulation (GDPR) violations. Another strong step, however, would be removing common payment frictions. Faster payment systems’ global rise is an encouraging sign that workers will encounter fewer payment process delays, he said.

Economy

PYMNTS

NOVEMBER 6, 2017

In September, the consumer credit agency Equifax reported that the personal information of roughly 143 million Americans was compromised in a data breach of epic proportions. TO DOWNLOAD THE NOVEMBER EDITION OF THE PYMNTS FASTER PAYMENTS TRACKER™ , POWERED BY NACHA, CLICK THE BUTTON BELOW. . About the Tracker .

FS-ISAC

PYMNTS

MARCH 6, 2020

T-Mobile Hacked, User Data Stolen. T-Mobile suffered a data breach that exposed the personal information of employees and customers to unknown hackers. In this month’s Faster Payments Tracker, Ledford explains how features such as “request to pay” can help boost FI interest and, in turn, that of their corporate clients.

Real Time Payments

PYMNTS

JUNE 19, 2018

” In today’s climate of heightened cyberattack and data breach fears, commercial cards can be particularly susceptible to targeted attacks, due to their association with credit lines that are often higher than consumer cards. “There is speed and the ability to make faster payments to your vendors,” he explained.

Commercial Card

Electronic Transactions Association

JANUARY 21, 2025

These fees fund essential services including encryption technologies, secure data transmission protocols, and authentication methods such as EMV chip technology and tokenization, significantly reducing data breach risks and card counterfeiting.

Fraud Prevention

PYMNTS

JANUARY 2, 2017

During these 12 months, the Trackers followed the biggest developments, news and headlines from around all segments of the payments ecosystem. It was a busy year throughout the world of payments, with plenty of new technology making headlines along the way. FASTER PAYMENTS TRACKER. made its much-anticipated rollout.

ACH

Payment Savvy

DECEMBER 9, 2020

Businesses are now digitalizing all aspects of their systems to offer seamless payments on a digital platform. Real-Time Payments. Faster payments benefit both consumers and businesses. Real-time payments offer a solution to delayed payment options like ACH transactions, credit cards, debit cards, checks, etc.

Payments Trends

PYMNTS

MAY 31, 2019

Speaking at an investors conference in New York, the executive said he was “not convinced” that faster payments “are going to take off like crazy. Does the consumer really need the funds that much faster?”. First American Financial Admits to Consumer Data Breach.

PayPal

PYMNTS

MAY 6, 2019

Even when this level of trust is achieved, issues may still arise that lead to declined payments, chargeback claims and data breaches. A top goal among payments solutions providers is to make these problems as infrequent as possible — and to do so, many are turning to push payments. .

Push-to-Card

PYMNTS

MAY 25, 2016

In the various markets in which faster payments initiatives are underway, for example, concerns are emerging that highlight the reduced window of opportunity that financial services firms have to identify and mitigate any cyberrisks, data breaches or errors within a transaction.

Accounts

PYMNTS

MAY 9, 2018

And time really is money, especially for businesses waiting on funds — that believe getting payments up to real-time speeds will lower costs. Across the board, merchants and consumers are embracing a faster payments world, as seen by the spike in Same Day ACH transactions.

Same Day ACH

Stax

AUGUST 20, 2024

Embedded fintech opportunities for financial institutions include subscription management , bill negotiation services, wealth transfer management, data breach and identity protection, and cryptocurrency investing. A Lyft driver is less likely to drive for another tax-hailing service when the account helps them get paid faster.

Embedded Finance

PYMNTS

JULY 4, 2018

Analysts pointed to one particular area of GDPR that poses one of the biggest challenges for corporates: data breach notification rules. Reports in March revealed American Express filed a patent application for technology related to blockchain and faster payments. American Express’s Blockchain Patent.

B2B

EBizCharge

MAY 31, 2024

Here are a few reasons why it’s become crucial: Improves cash flow: Rapid and accurate application of incoming payments ensures that a business’s cash flow is updated in real time. Enhances customer satisfaction: Faster payment processing can minimize discrepancies and disputes with customer accounts.

Automation

EBizCharge

MAY 20, 2024

The saved card feature follows Payment Card Industry Data Security Standards (PCI DSS) to ensure data security while offering a convenient option for customers who prefer to use the same payment method for recurring transactions. Saved cards can facilitate smoother, faster payments and improve customer loyalty.

Process

PYMNTS

JULY 9, 2018

Between the Equifax hack last year, the Exactis hack last month and the thousands of other data breaches, big and small, that happened between them (not to mention before them), the average American consumer can rest assured that some or all of their personal data is floating around the dark web these days.

Fraud Detection

PYMNTS

DECEMBER 24, 2018

Data is valuable. But only in context, because data can tell a story, or stories, worthy of examination. Several times throughout the year we offer Data Drivers, where our interviews with payments professionals help the numbers take shape, take on meaning, illustrate trends and even hint a bit at the future.

Financial Crimes

Segpay

JUNE 25, 2024

By offering a secure payment method, PSPs can build trust with merchants and customers, leading to long-term relationships and repeat business. For the same reasons, merchants build customer trust and reduce fraud risk and vulnerability to data breaches. Belgians love to pay with Bancontact or Payconiq.

Online and Mobile Banking

EBizCharge

MAY 14, 2024

This includes regulations like the Payment Card Industry Data Security Standard (PCI DSS) , which sets security standards for organizations regarding securely storing, processing, and transmitting cardholder data to prevent data breaches and fraud.

Automation

Clearly Payments

FEBRUARY 8, 2024

Open Banking: Initiatives promoting open banking aim to enhance competition and consumer choice by enabling the secure sharing of financial data among authorized third-party providers. Regulatory efforts focus on safeguarding consumer data privacy and security while fostering innovation and competition.

Regulations

FICO

MAY 17, 2019

Next followed a surge in account takeover and identity theft as data breaches make personally identifying information a commodity on the Dark Web. More recently, the race has been to detect fraud in emerging faster payment schemes (real-time payments).

FBI

Tearsheet

FEBRUARY 8, 2024

Lisa Pollina: The positives include faster payments, resistance to fraud and counterfeiting, and access to digital money for the unbanked and financially disadvantaged. Finally, the US dollar is already the dominant global reserve currency, and Washington is reluctant to impose changes that may rock the boat.

CBDC

PYMNTS

AUGUST 6, 2018

Last Tuesday (July 31) marked the debut of a report from the Department of the Treasury that looks to have federal regulations, combined with laws at the state level, as well as data breach protections set in place to help foster FinTech growth. Faster Payments, and Lending, Too.

Treasury