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Profits Grow Alongside Expected Losses at Capital One
Profits rose by 9% at Capital One Financial during the second quarter thanks to strong growth in the firm's credit card and commercial banking businesses.  more »
Bloomberg News
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Visa and PayPal have been at war for as long as PayPal has existed, and their recent cease fire could allow both companies to overcome the barriers they have spent years building between the worlds of digital and in-store payments. more »
Bloomberg News
Visa Inc., the world’s largest payments network, posted fiscal third-quarter profit that beat analysts’ estimates as customer card spending accelerated. The company said it will buy back as much as $5 billion of its shares. more »
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PayPal Holdings Inc. and Visa Inc. may unveil an agreement regarding data sharing, security measures and consumer choices on accounts linked to PayPal transactions, analysts said ahead of the companies’ earnings reports. more »
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So here we are, just weeks out from a post-Brexit vote world, and a cloud of uncertainty hangs over the U.K. as it is left to try and carve out its new place in this new paradigm. more »
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It is no secret to e-commerce merchants that Amazon, one of the giants in its field, has succeeded in part because it can make fast decisions about whether a transaction is legit or has fraud written all over it. And these decisions have to look at more than just whether a shopper is using a stolen card. more »
Bloomberg News
American Express Co., the biggest U.S credit-card issuer by purchases, said second-quarter profit rose 37 percent as customers increased spending and the company booked a $1 billion gain from the sale of its Costco Wholesale Corp. portfolio. more »
Thinkstock
The industry-led EMV Migration Forum is changing its name and expanding its focus to accommodate the myriad changes that are happening alongside the move to chip cards. more »
iStock
Though an extremely effective solution to a very specific problem, tokenization is more of a single piece of the security puzzle than the end-all of stopping data theft and credit card fraud. more »
Adobe Stock
As part of an organization that's waged a four-year campaign against passwords, Brett McDowell envisions wearable technology as the nail in the coffin of antiquated security. more »
Vinny Lingham, co-founder and CEO of Civic
An identity protection startup called Civic wants to tackle data breaches by giving consumers control over who uses their information. more »
Thinkstock
Scrambling to stop hackers from making away with stolen funds, the community involved in the cryptocurrency experiment Ethereum has voted to implement a major software change that would thwart the thieves and help the blockchain regain momentum. more »
Bloomberg News
Citigroup Inc. said it has deployed “a lot of resources” to ease the deluge of inquiries and complaints from Costco Wholesale Corp. customers after taking over as the retailer’s exclusive credit-card issuer last month. more »