June 03, 2016
Lawsky Pressures Banks To Adopt Multifactor Authentication
“We live in a world where each day we are surprised by something new when it comes to the sophistication and the capabilities of hackers,” Benjamin Lawsky, banking and cybersecurity...
June 02, 2016
PYMNTS Daily Data Dive: Fed’s Latest Breach Data
Another day, another breach report. But this time, it’s new data from the U.S. Federal Reserve, which revealed it was targeted in more than 50 cyberattacks in a four-year period. The...
June 02, 2016
Fed’s Report Uncovers 50+ Data Breaches
Between 2011 and 2015, the U.S. Federal Reserve was targeted in more than 50 cyberattacks. From cybersecurity records gathered via a Freedom of Information Act request, Reuters reported that it...
June 02, 2016
Congress Probes NY Fed’s Role In Bangladesh Heist
The list of investigations into the Bangladesh cyberheist — where $81 million was taken without a trace from the central bank’s account at the NY Fed — has added yet another...
June 02, 2016
European Central Bank In The Market For New Treasury Management...
The European Central Bank (ECB) needs a treasury management upgrade. Reports on Wednesday (June 1) said the ECB has issued a tender for a new TMS that offers real-time position-keeping,...
June 01, 2016
Insuring B2B Payments, Internationally
Align Commerce has obtained insurance to protect its SMB clients when sending payments across borders and across supply chains. CEO Marwan Forzley explains why a multi-rail approach to protecting payments...
June 01, 2016
Visa/MasterCard-Equipped mPOS Lands In Middle East
Cybersecurity company Thales announced on Tuesday (May 31) that its payShield 9000 hardware security modules (HSMs) will be used by payments technology company Swiftch to help secure the first Visa...
May 31, 2016
SWIFT Examines New Cyberattack Prevention Tech
In an effort to improve security, the global interbank messaging system said it would begin discussions with its users about new measures and tools that will assist the detection of...
May 30, 2016
UK Businesses Could Front The Bill For Bank Fraud
As the fallout over SWIFT’s cyber breaches continues, the U.K. has put forth proposals that would require the customers of banks – not the banks themselves – to cover the...
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.