Credit bureau and information-solutions provider Equifax Inc. on April 3 announced a partnership with Jumio Inc. to develop various cloud-based solutions toward a more secure, streamlined mobile-payment experience for consumers and retailers. Among the venture’s first targets is online merchant shopping cart abandonment. By leveraging...
Canadians aren’t so beholden to their debit cards as once was believed. In fact, debit isn’t their preferred form of payment in any of the eight merchant categories TSYS asked about in a recent consumer study, the results of which were released earlier today. In...
After much speculation that it was coming, China’s Central Bank has ordered commercial banks and payment companies nationally to close bitcoin-trading accounts in two weeks. “There will definitely be a negative impact to the exchanges,” said Bobby Lee, chief executive of Shanghai-based BTC China, the most...
Trustmark National Bank and Green Bank N.A. have dropped their lawsuit against Target and its security assessor, Trustwave Holdings Inc. The two banks filed suit last week following the theft of 40 million credit-and debit-card numbers during massive 2013 security breach at the retailer. The...
Ross Ulbricht, who stands accused of running the Silk Road black market under the name “Dread Pirate Roberts” says a new IRS ruling that bitcoin is not a currency nullifies at least some of the charges against him. Ulbricht is charged with hacking, narcotics trafficking,...
Bottomline Technologies has struck a $48 million dollar deal to purchase Andrea, whose software platform helps financial institutions leverage digital channels to acquire new customers. “Our strategy is to help financial institutions grow by acquiring and deepening customer relationships through digital channels. Andera’s innovative solutions...
Four years after regulators tried to curb them with regulations; overdraft fees are on the rise. The median fee for over withdrawing on a checking account was up to $30 in 2013; up a dollar from the year before and $4 from 2009. Overdraft fees...
The Rev. Stefano Tamburo, the Franciscan friar in charge of the 800-year-old church of St. Francis at Ripa, had a problem. His church, which contained a room where St. Francis of Assisi had regularly slept, was becoming something of a tourist attraction since the veneration of...
Prepaid cards are replacing human money movers, known as mules, as crooks increasingly are turning to the plastic to commit fraud, Tom Willis, director of consultancy Ontrack Advisory, said in a recent interview. In the interview with Information Security Media Group, Willis noted that prepaid...
