Risk: Page 4
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CFPB proposes new oversight for payment tech firms
Google, Apple and 15 other big non-bank technology companies that provide digital wallets or payments apps would be subject to increased regulation if a new Consumer Financial Protection Bureau rule is approved.
By Lynne Marek , James Pothen • Nov. 7, 2023 -
Cross-border payment headaches burden consumers: Mastercard report
As international groups examine cross-border payment challenges, consumers and small businesses are worried about the costs and risks associated with sending money or receiving funds internationally.
By Tatiana Walk-Morris • Nov. 7, 2023 -
Explore the Trendline➔
tommy via Getty ImagesTrendlinePayments industry seeks to keep pace with fraudsters
As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.
By Payments Latest staff -
Visa launches cybersecurity training program
The card giant rolled out a cybersecurity apprenticeship program last year amid a talent deficit highlighted by the Biden administration.
By Tatiana Walk-Morris • Nov. 6, 2023 -
PayPal discloses SEC, CFPB probes
The digital payments company said it’s cooperating with a Securities and Exchange Commission probe of its stablecoin, and a Consumer Financial Protection Bureau inquiry related to bank transfers.
By Lynne Marek • Nov. 3, 2023 -
Breaking down buy now, pay later
After its pandemic-era growth spurt, buy now, pay later has gone mainstream in consumer payments. But changing economic conditions are forcing the installment trend to evolve.
By Caitlin Mullen • Nov. 3, 2023 -
Discover discloses SEC probe
A pricing error by the card company that affected merchants and merchant acquirers triggered the investigation.
By Caitlin Mullen • Oct. 27, 2023 -
Brex exec straddles CFO, COO roles
As C-suite responsibilities change, the gap between roles such as the CFO and chief operating officer is narrowing.
By Grace Noto • Oct. 27, 2023 -
Payments M&A bounces back in October
A burst of industry acquisition activity this month, after a mid-year lull, is expected to continue for the rest of the year.
By James Pothen • Oct. 26, 2023 -
Three lessons in ACI’s $2.4B payments test disaster
Pay attention to how legacy vendors are integrated after an acquisition, treat internal data sharing requests as cyber risks and don’t let staff test systems using real data.
By Robert Freedman • Oct. 25, 2023 -
Crypto legislation would put US ‘back in the game,’ stakeholders say
A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.
By Anna Hrushka • Oct. 24, 2023 -
Visa faces remaining litigation settlements of up to $4B
That’s the maximum amount of money the card network estimates may yet result from settling claims brought against it years ago by merchants who argue they were overcharged for card transaction processing.
By Lynne Marek • Oct. 23, 2023 -
Discover considers internal, external CEO candidates
The card issuer is searching for a replacement after former CEO Roger Hochschild resigned abruptly in August.
By Caitlin Mullen • Oct. 19, 2023 -
ACI, states reach $20M in settlements over payments mishap
The company is being penalized for unauthorized withdrawals, and attempted withdrawals, from mortgage customer accounts in April 2021.
By Tatiana Walk-Morris • Oct. 18, 2023 -
NMI acquires Sphere division
The deal will enhance NMI’s underwriting capabilities and allow ISVs and fintechs to create merchant accounts within the company’s existing platform, NMI said.
By Tatiana Walk-Morris • Oct. 12, 2023 -
Fiserv among MOVEit cyberattack victims
The payment processor recently notified one of its customers, Flagstar Bank, that it was entangled in a May cyberattack that’s affected more than 2,000 organizations.
By Caitlin Mullen • Oct. 10, 2023 -
Payments conferences yet to come in 2024
Payments professionals still have plenty of choices when contemplating conferences to attend in the second half of the year. Here are our staff picks.
By Lynne Marek • Updated 17 hours ago -
Credit card debt tops $1 trillion, before the holidays even arrive
Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.
By Daphne Howland • Oct. 3, 2023 -
Payment security at the pump tops consumer demands: survey
A fast payment process is another top feature customers value when buying items from convenience stores, Dover Fueling Solutions noted in its latest report.
By Jessica Loder • Oct. 3, 2023 -
Discover, FDIC reach consent agreement
The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.
By Caitlin Mullen • Oct. 2, 2023 -
Chase to ban crypto payments for UK customers
“If we think you're making a payment related to crypto assets, we'll decline it,” Chase U.K. told customers in an email reported by CoinDesk.
By Gabrielle Saulsbery • Sept. 28, 2023 -
Retrieved from Wawa press release.
Wawa’s $10.7M data breach lawsuit against Mastercard thrown out
The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.
By Brett Dworski • Sept. 26, 2023 -
Sponsored by TokenEx
PCI security is costing you more than you think
PCI compliance has many hidden costs as companies work to bring systems into compliance and maintain compliance throughout the year.
Sept. 25, 2023 -
BNPL users seek and use more new credit, Fed study finds
Researchers with the Philadelphia Fed’s Consumer Finance Institute also discovered a typical BNPL user’s credit score was more than 50 points lower than a non-user's.
By Caitlin Mullen • Sept. 18, 2023 -
Payments at MGM Resorts disrupted by cyberattack
The incursion is part of a spate of recent attacks against hospitality companies, including at Caesars Entertainment, that have affected card transactions, ATMs and reward programs.
By David Jones • Sept. 15, 2023 -
The image by Ted Eytan is licensed under CC BY-SA 2.0
CFPB flags risks of tuition payment plans
In a new report, the federal watchdog highlighted the pitfalls of school-based tuition payment plans, including confusing repayment terms and a high cost for credit.
By Caitlin Mullen • Sept. 15, 2023