March 27, 2012
Financial investor pleads guilty to rigging bids at municipal tax...
Financial investor Robert E. Rothman has pleaded guilty to conspiring to rig bids for the sale of tax liens at New Jersey public auctions. From 2000 to 2009, Rothman agreed...
March 25, 2012
Security Breach! Barclays’ Contactless Cards Have Issues
An investigative team was able to use mobile phones to lift card numbers, expiration dates, and accountholder names from Barclays’ “contactless” Visa cards late last week. That data was then...
March 15, 2012
What Facebook’s IPO Filing Reveals about Its Payments Business
Facebook’s S1, which was filed on February 1st in preparation for its IPO, shows that this almost 8-year old company will likely become a global powerhouse in payments. Payments is...
March 14, 2012
PayPal Poked at Goldman Sachs
The Goldman Sachs technology conference last week in San Fran sure did stir the pot around PayPal and its Point of Sale ambitions. The centerpiece of this criticism is PayPal’s...
March 08, 2012
MagTek CEO: “Dynamic Data is the Core of Security” [TRANSCRIPT]
David Evans: Hi, this is David Evans; talking today with Mimi Hart, CEO of MagTek, for PYMNTS.com. Mimi, thank you very much for joining me today. Mimi Hart: Oh, it’s...
March 07, 2012
Former associate director of Illinois VA facility sentenced for defrauding...
U.S. District Judge Milton I. Shadur has sentenced William J. Brandt to 60 months in prison for conspiracy and wire fraud. Brandt was the associate director of the VA Consolidated...
March 07, 2012
Heartland Gives Back $100M “Durbin Dollars”
The Durbin Amendment to the Dodd-Frank Wall Street Reform Act has saved Heartland Payment Systems’ merchant customers more than $100 million, the company says in a release. “While several payment...
March 07, 2012
Dwolla Sued by TradeHill, Bitcoin Exchanger
TradeHill Inc., exchange operator for online currency Bitcoin, has filed a lawsuit against payment startup Dwolla. In the suit, TradeHill alleges that “fraudulently reversed nearly $100,000 in supposedly ‘credited’ transactions...
March 05, 2012
MagTek CEO: “Dynamic Data is the Core of Security”
Mimi Hart is the chief executive at MagTek, inventors of the first card swipe reader in the 1970s. In an exclusive audio interview, Hart talks to PYMNTS.com’s David Evans about...
With rising FinTech fraud and convincing deepfakes threatening their bottom lines, more than two in three FinTechs plan to expand their budgets to deploy tech that can detect true human liveness, as discussed in the latest PYMNTS “FinTech Tracker®,” a collaboration with Sezzle.
