Consumer-permissioned data — as a concept — is nothing new in financial services. Look back across the past few decades, Jamie DelMedico, vice president and head of product for Fiserv’s BillPay, Aggregation and Verification Services, told PYMNTS in a recent interview: “When aggregators started coming...
Banks are at a critical juncture in an era of increasing digital threats and a smartphone-centric culture. PYMNTS’ latest research shows that smartphones are already the go-to device for online financial activities for most consumers, particularly younger generations. Couple this shift with consumers’ desire for...
Facebook’s GlobalCoin project has to overcome some big issues before its official launch. CoinDesk spoke to seven knowledgeable sources about GlobalCoin, also known as Project Libra, revealing that the project’s software has been delayed because of potential blockchain partners’ reluctance to work on something that...
Dell announced that it reset passwords for all accounts on its online electronics store after it stopped hackers from trying to steal customer data. Citing a source familiar with the breach, Reuters reported that the company did not tell customers about the attack before it forced...
April 26, 2023
Banks are at a critical juncture in an era of increasing digital threats and a smartphone-centric culture. PYMNTS’ latest research shows that smartphones are already the go-to device for online financial activities for most consumers, particularly younger generations. Couple this shift with consumers’ desire for increased control of safeguarding their financial information, and it is […]
October 27, 2023
The Federal Trade Commission (FTC) will require non-banking financial institutions to report certain data security breaches. In a unanimous decision, the regulator has approved an amendment to the Safeguards Rule, requiring non-banking financial institutions like mortgage brokers, motor vehicle dealers and payday lenders to report data security breaches affecting the information of 500 or more people, the FTC said […]
August 24, 2023
Consumer-permissioned data — as a concept — is nothing new in financial services. Look back across the past few decades, Jamie DelMedico, vice president and head of product for Fiserv’s...
June 17, 2019
Facebook’s GlobalCoin project has to overcome some big issues before its official launch. CoinDesk spoke to seven knowledgeable sources about GlobalCoin, also known as Project Libra, revealing that the project’s...
November 29, 2018
Dell announced that it reset passwords for all accounts on its online electronics store after it stopped hackers from trying to steal customer data. Citing a source familiar with the breach,...
