News

Security & Fraud
O2 Confirms Hack That Wiped Out Some German Customers Bank Accounts
May 08, 2017

02, the mobile phone seller, confirmed it was the target of hackers that exploited a weakness in a protocol used by telecom networks for two-factor verification. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
Spotify, Others Claim Apple, Google Anticompetitive
May 08, 2017

In a recent letter to the European Commission signed by online music streaming companies Spotify, Deezer and German internet company Rocket Internet, among others, organizations have reportedly accused tech giants of “[abusing] their privileged position” and anticompetitive behavior. Get the Full Story Complete the form...

CFPB
Banks Line Up To Challenge CFPB
May 08, 2017

Things are getting tougher for the Consumer Financial Protection Bureau (CFPB) under the new political administration. More banks are now willing to challenge CFPB enforcement actions, said The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Security & Fraud
FBI Says There Was An Uptick In Cyber Wire Fraud In 2016
May 08, 2017

Cyber wire fraud via email had increased during the last seven months of last year, according to a new warning from the Federal Bureau of Investigation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Security & Fraud
Intel Chips’ Hackability Problem Is Worse Than Initially Thought
May 08, 2017

Last week reports began to emerge that for the last seven years, Intel chips have contained an authentication bypass vulnerability that makes it relatively easy to remotely hijack entire fleets of computers without ever entering a password. Get the Full Story Complete the form to unlock...

Payment Methods
Macau ATMs Dispensing HK$10 Billion Each Month
May 08, 2017

ATM machines in Macau are keeping busy, with the total amount of cash withdrawn reaching HK$10 billion a month, in what could be a new boom in casino revenue after years of declining numbers. Get the Full Story Complete the form to unlock this article...

Payment Methods
Square Starts Taking Orders For New Debit Card
May 08, 2017

Square, the payment company owned by Jack Dorsey, is starting to take orders for the roll-out of its first debit card. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Past Lessons May Prove Invaluable For US Real-Time Payments Rollout
May 08, 2017

Real-time payments initiatives are under way all across the globe, but there is little consistency across jurisdictions regarding how the financial services sector takes on the initiative or where each market is at in terms of progress in achieving real-time payments capabilities. Get the Full...

Partnerships / Acquisitions
First Data And Flywire CEOs On What Makes A Deal Worth Doing
May 08, 2017

“The world is getting smaller. People are traveling the world, and they are selling and purchasing property, getting educated, purchasing healthcare, spending and shopping. The question is how to make those purchases possible — and better — for global citizens, whether they’re halfway across the world or...