Older consumers were able to maintain their purchasing power last year, mainly helped by an 8.7% jump in Social Security benefits that exceeded inflation. This was the highest increase in four decades, and it allowed seniors to maintain their standard of living despite the high...
J.P. Morgan has been chosen by the United States Treasury Department to provide account validation services for federal government agencies. This selection comes after a competitive process and will last for at least five years, the global provider of banking and securities services said in a Wednesday (Sept....
Ride-hailing drivers in Mexico are potentially getting access to social security benefits if they drive for either Uber, DiDi Global or Rappi, a first for gig economy workers in the country. In a joint release received by PYMNTS, the proposed social security benefits would cover...
Fraudsters leverage an array of schemes to conduct financial crimes, including digital methods like botnets and brute force hacks as well as old-school ones like social engineering. One of the most pervasive — which also affects customers as much as or more than banks —...
July 09, 2018
Beyond the buzzword that is tokenization, the reality is that replacing sensitive data with unique identifiers is not the bulletproof method that some may think it is. That’s because standards are lacking, and according to GEOBRIDGE CTO Jason Way, who describes the “extra mile” that firms must travel in making sure that tokens are unique and data is secure.
December 13, 2017
“Who are you?” It’s a philosophical question with a million different answers depending on who’s asking. In payments, it is a practical question with just as many answers depending on...
August 18, 2024
Earlier this year, hackers stole the data of 2.9 billion people from a broker. Now, that breach threatens to usher in a wave of identity fraud and other crimes, Teresa Murray, consumer watchdog director for the U.S. Public Interest Research Group, said in a recent Los Angeles Times (LAT) interview. “If this in fact is […]
September 27, 2023
J.P. Morgan has been chosen by the United States Treasury Department to provide account validation services for federal government agencies. This selection comes after a competitive process and will last for at least...
November 23, 2022
Ride-hailing drivers in Mexico are potentially getting access to social security benefits if they drive for either Uber, DiDi Global or Rappi, a first for gig economy workers in the...
April 01, 2020
As individuals were beginning to seek COVID-19 benefits, hackers disrupted Italy’s Social Security internet site, per the leader of the welfare agency. Pasquale Tridico said his INPS unit had taken...
