When breaches occur it is the standard practice for the notification to come directly from the company affected. The difference with Discover's service is that, as an opt-in program, its users may already be bracing themselves for bad news.
Fraud, money laundering and other financial crimes are a thorn in the side of every financial institution. These activities can cut into profits, damage public trust and expose banks to massive regulatory penalties if found to be out of compliance with governmental regulations. Many organizations simply accept financial crime as an inevitable cost of doing business. But today, armed with advanced identity resolution and new kinds of analytics, financial institutions have powerful tools at their disposal to reduce fraud and money laundering.Read this white paper for a solution that offers rich analytics that help banks gain a clearer view of entities, relationships and hidden patterns as they deal with financial crimes including anti–money laundering (AML), anti-terrorist financing and various types of fraud.
Rising fraud rates in mobile channels have spawned a bumper crop of new tools to battle crime, but merchants appear to lack consensus on which ones are most effective.
Purchasing VocaLink has cost Mastercard more than $900 million and some regulatory headaches, but the investment has to potential to spark new payment products and facilitate the card brand's pursuit of faster processing.
Visiting Research Fellow
Christensen Institute from Tata Consultancy Services
The incumbents, such as Visa, Mastercard and First Data, are prepared to compete in all segments of the market, writes Subhajit Das, a visiting research fellow at the Christensen Institute from Tata Consultancy Services.
Once considered one of the strongest methods of ID, finger biometrics can now be copied and used to expertly defeat biometric authentication, writes Deepak Dutt, CEO and founder of Zighra.
The fine for BTC-e was the Treasury’s first action against a money-services business located in a foreign country, and the second against a virtual currency exchange.
Amazon.com Inc. is kicking off in Singapore with its most aggressive service yet, offering the Prime Now two-hour delivery service on everything from chilled Tiger beer to Samsung mobile phones.
PayPal's strategy to partner with large institutions and push its popular Venmo social transfer app are literally paying off, as the company raised its earnings outlook and reported earnings that beat analysts' expectations.
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: PayPal's earnings boost; Stripe buys tax tech; UniCredit suffers a breach; ItzCash raises funds.
The Riverwoods, Ill., company is trying to assure Wall Street that its higher chargeoff rates signal a return to normalcy, rather than a cause for alarm.
Wirecard has released a flurry of products in recent months as it builds a global footprint, and its most recent effort focuses on risk management for small businesses that want to sell online.
The payments industry has come a long way with how it treats loyalty and rewards. Here are some of the more creative offerings to come about this year.
The concept of digital payments doesn't often cross paths with the concept of robots moving autonomously through our world. But in a few cases, robots have been created to handle payments and deliver goods.
Consumers have accepted the use of fingerprint authentication for mobile payments. But will they be as welcoming of facial recognition? A few companies are testing the waters.
Before using Amazon Web Services (AWS), it’s important to understand that as an IaaS provider, AWS is only responsible by default for the security of its cloud infrastructure. AWS goes through great efforts to make customers aware of their responsibilities through the AWS Shared Responsibility Model. The web pages explaining the basics of AWS services frequently reference the model to offer complete transparency into which responsibilities are always taken care of by AWS and which are to be handled by the customer.This white paper is intended to help you make better-informed decisions about the security control options for AWS usage so you can choose the best combination of controls for your organization’s situation and needs.
It’s a story you’ll watch unfold time and time again. The breach. The headlines. The confusion. The public apologies. The finger-pointing. And it’s often followed by some form of the following: “But I was compliant.” Compliance is never enough. The challenges are understandable. Taking the path of least resistance is not.Read this white paper to learn the value of a holistic approach to security.
Looking to go at it alone when securing your public cloud environment? Without a clear understanding of its nuances, even the most state-of-the-art solution won’t make it past an annual compliance audit.This white paper is intended to serve as a detailed guide for those pursuing PCI DSS compliance on their DIY cloud security environment.
Fraud, money laundering and other financial crimes are a thorn in the side of every financial institution. These activities can cut into profits, damage public trust and expose banks to massive regulatory penalties if found to be out of compliance with governmental regulations. Many organizations simply accept financial crime as an inevitable cost of doing business. But today, armed with advanced identity resolution and new kinds of analytics, financial institutions have powerful tools at their disposal to reduce fraud and money laundering.Read this white paper for a solution that offers rich analytics that help banks gain a clearer view of entities, relationships and hidden patterns as they deal with financial crimes including anti–money laundering (AML), anti-terrorist financing and various types of fraud.
