August 01, 2016
NY Fed Calls On Philippine’s Central Bank To Help With...
The Federal Reserve Bank of New York is calling upon the Philippines’ central bank to aid in helping Bangladesh Bank get back the $81 million stolen by hackers earlier this...
July 29, 2016
EU Pushes For Bitcoin Database And Transparency
Anonymous is the name of bitcoin’s game. But Europe might like to make it less so. The European Commission would like to create a central database of digital currency users to prevent...
July 29, 2016
PhishMe Raises $42.5 Million In VC Funding To Protect More...
Phishing scams have become commonplace, costing companies countless amounts of money. Cybersecurity startup PhishMe is aiming to help companies thwart those attacks and just closed a round of funding to...
July 29, 2016
A $95M Payday For B2B Startups
With $95 million injected into B2B startups over the last week, venture capitalists had their purse strings loose. But which industry scored the most dough? Small business banking, cross-border corporate...
July 27, 2016
Brazil’s Elo Card Makes First Transaction Outside Of Country
Elo, the Brazilian card brand, announced on Tuesday (July 26) it has conducted its first transaction outside of the country. The transaction with the Elo card was in the U.S....
July 27, 2016
‘Cyber Incidents’ First Responder? The FBI
The FBI is now considered a key cyberleader. According to the Presidential Policy Directive-41 (PPD-41) on U.S. Cyber Incident Coordination Policy, released on Tuesday (July 26) by the Obama administration, the FBI is...
July 25, 2016
Mastercard May Seek Payment Licensing In China
Mastercard is mulling an entrance into the China market and could get its application in during 2016 to become a payment provider in what is expected to be the largest...
July 25, 2016
Cyber Firm Execs Hacked Rival’s Servers
The competition in the cybersecurity landscape may be getting ugly. ZDNet reported late last week that five employees from U.K.-based cybersecurity firm Quadsys admitted to hacking into the servers of...
July 25, 2016
FDIC Told Of Community Banks Under FinTech Pressure
Large corporate banks have the resources to collaborate with — or even acquire — FinTech disruptors or to develop their own innovations in-house. Community banks, meanwhile, may struggle to compete,...
Digital bill pay, while routine for most consumers, poses challenges such as fraud, friction and limited payment options — particularly in the utilities sector, where consumer trust is low. This edition of the “Money Mobility Tracker®,” a collaboration with Ingo Payments, examines how billers and financial institutions can earn trust among consumers.
There’s no shame in asking for help. Eighty-two percent of merchants experienced a cyber or data breach in the last year, and PYMNTS Intelligence’s latest study of 300 eCommerce executives, “Fraud Management in Online Transactions,” a collaboration with Nuvei, details merchants’ thoughts about fraud prevention, finding that outsourced methods correlate with fewer failed payments.