Nanonets

JUNE 24, 2024

What is Credit Card Reconciliation? Credit card reconciliation is the process of ensuring that the credit card transactions match the internal general ledger. It involves verifying the expenses recorded by the company's accounting system align with the statements provided by the credit card issuer.

Reconciliation 52

Reconciliation Credit Cards Correspondent Issuers 52

PYMNTS

JUNE 24, 2020

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. The database, which was exposed on a darknet forum, included users’ phone numbers and unique Telegram user IDs, according to the report.

Breach 115

Breach Data Breach Law Enforcement Database 115

PYMNTS

SEPTEMBER 11, 2017

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. consumers and potentially compromised the credit card numbers of approximately 209,000 people. On Thursday, Sept.

Database 66

Database Breach Identity Theft Data Breach 66

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52

PYMNTS

OCTOBER 15, 2019

Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday (Oct. As an average baseline, each stolen credit card is valued at $500 when prosecuting cyber thieves.

Credit Cards 49

Credit Cards Debit Card Database Authentication 49

Stax

JANUARY 23, 2025

TL;DR Merchant underwriting is the process of evaluating a businesss risk level before approving it for credit card processing for any kind of payments from electronic payments to in-person payments. The primary purpose of merchant account underwriting is to mitigate risks for payment processors and credit card networks.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

BNG Payments

FEBRUARY 4, 2022

Credit Card Processing f or Nonprofits Best 2022 Guide t o Credit Card Processing f or Nonprofits Many organizations want to accept credit card donations or payments for fundraising auctions online but don't know how. A merchant account is an account that you open with a bank to accept credit card payments.

Credit Cards 52

Credit Cards Process Processors Online and Mobile Banking 52

PYMNTS

OCTOBER 13, 2016

Users who want to keep their health care private can now hide their medical payments from their bank/credit card company. While it does take some extra effort to have complete anonymity using bitcoin, it’s certainly a large improvement over a credit card,” said Prakash Chand, CEO of Ask The Doctor, in the press release.

Bitcoin 84

Bitcoin Database Money Laundering Credit Cards 84

Clearly Payments

SEPTEMBER 22, 2024

Essentially, it’s a database that contains information about merchants who have had their credit card processing services terminated due to various reasons deemed as high-risk. These processors may offer less favorable terms, such as higher fees or reserve requirements, but they can help you continue accepting credit cards.

Processors 102

Processors PCI DSS Credit Cards Non-Bank 102

VISTA InfoSec

JULY 5, 2023

Personal health data, a compilation of information related to a patient such as their Names , Birthdates , Social Security Numbers , and other medical record data , is used to identify their medical history and records stored in a database. is the most up-to-date set of guidelines for protecting credit card data.

PCI DSS 130

PCI DSS Compliance Data Breach Breach 130

The Fintech Times

FEBRUARY 19, 2025

More recently in 2019, Apple s credit card algorithm was accused of gender bias for credit limits on its credit card. He says: “Successful application of AI in financial decision-making means putting in place the right controls and process to ensure that AI is performing robust decision-making.

AI 64

AI Risk Monetary Loss Automation 64

Fintech News

JULY 16, 2024

Frustration with identity verification processes has impacted consumer behavior, with one in five bank customers stopping or reducing their use of existing personal bank accounts and credit cards due to cumbersome and time-consuming checks. Singaporean consumers show varying levels of patience for different account opening processes.

Identity Theft 111

Identity Theft Online and Mobile Banking Checks Compromise 111

PYMNTS

DECEMBER 19, 2016

While Yahoo can’t seem to shake the consequences of its massive data breach, Costco may have finally gotten things right with its co-branded credit card, and IBM is keeping its eye on the blockchain prize. Costco Turns The Credit Card Corner. The road to a co-branded credit card has been a bumpy one for Costco.

Credit Cards 46

Credit Cards Breach Blockchain Data Breach 46

PYMNTS

DECEMBER 31, 2018

For example, Marriott , Facebook and a database marketing firm by the name of Exactis exposed the records of roughly 300 million people. Hudson’s Bay also cautioned consumers to monitor their statements for suspicious activity, and noted it would offer free identity protection services, including credit and web monitoring.

Data Breach 92

Data Breach Breach Database Compromise 92

Clearly Payments

OCTOBER 10, 2024

58% of people state that earning rewards and loyalty points is one of the most valued features of credit card payments. These programs can be connected directly to credit cards, debit cards, mobile wallets, and even cryptocurrency payments. These are particularly effective for credit card companies.

Processors 105

Processors Payments Credit Cards Point-of-Sale (POS) 105

PYMNTS

APRIL 19, 2019

Chipotle Mexican Grill has been the victim of a cyberattack that compromised the credit card payment information for a small number of customers. Many customers have recently posted on social media that orders placed at the restaurant fraudulently used their payment cards during the first few weeks of April. billion and $1.34

Credential 76

Credential Compromise Credit Cards Payments 76

PYMNTS

JULY 12, 2020

The company’s databases were compromised including users’ contact details and email addresses. While it said users’ credit card numbers were not accessed, the company has not provided how many customers could have been impacted. Dunzo has launched an internal investigation, the online news service reported.

Data Breach 80

Data Breach Breach Database Compromise 80

Fintech News

OCTOBER 23, 2024

So if someone applies via a digital portal with this particular bank, they can complete a credit card application within minutes, whereas previously that used to take days. That particular bank has won awards for this new digital credit card solution because it was a game changer in that marketplace,” Kneen said.

Finance 116

Finance APACS Multi-Currency Origination 116

Payment Savvy

AUGUST 3, 2023

A Bank Identification Number (BIN) is the first four or six numbers found on any debit or credit card. Essentially, this set of digits specifies the financial institution that issued a payment card. Any valid BIN number contains key details about a card brand, its issuing bank, card type, and card level.

Issuers 98

Issuers Card Issuer Processors Credit Cards 98

PYMNTS

OCTOBER 12, 2018

Diachenko added that one of the databases even contained a ransom demand note. “It appears that the attackers are using a script that automates the process of accessing a database, possibly exporting it, deleting the database and then creating the ransom note,” he wrote.

Data Breach 67

Data Breach Breach Database Credential 67

PYMNTS

MARCH 31, 2017

Just weeks ago at PYMNTS’ Innovation Project, Alison Connolly, director of strategic partnerships at Owl Cybersecurity , shared how the company is creating an opportunity for dark net big data to be harnessed through a commercially available database. Let The Search Begin. Putting Dark Data To Use.

Database 47

Database Cybersecurity Credit Cards Social Security 47

Finextra

JULY 4, 2024

A2A payments are currently fragmented due to the user experience at point of sale not being as efficient as more popular payment methods such as credit cards or digital wallets and customers also do not have the knowledge of or trust in A2A payments.

Overlay Service 59

Overlay Service Instant Payments Push-to-Card Database 59

PYMNTS

JUNE 22, 2020

To give FIs another arrow in the quiver, on Monday Visa unveiled its Advanced Identity Score , billed by the company as a solution that scores new credit card applications for risk, regardless of brand, in real time. database that includes virtually all new (and past) card applications from Visa issuers.

Identity Theft 77

Identity Theft Database Account Takeovers Issuers 77

PYMNTS

MARCH 28, 2019

In a press release , ICBA Bancard said the partnership with MK Decision streamlines its credit card application process to make it easier for customers when shopping and applying for cards.

Community Banks 76

Community Banks Online and Mobile Banking Push-to-Card Card Issuer 76

The Fintech Times

MARCH 18, 2024

Months after Bitcoin launched, Satoshi stated : “The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. From inception, Satoshi envisioned a network that could scale to exceed the transaction capacity of Visa and Mastercard. It never hits a scale ceiling.”

Blockchain 145

Blockchain Web 3.0 Technology TPS 145

PYMNTS

NOVEMBER 24, 2019

None of your financial data (including credit card information) or social security numbers were involved, and no passwords were compromised,” said the disclosure. . The company did not reveal details about the database, length of exposure time or how it was fixed, reporters said. We promptly reported this to authorities.

Data Breach 81

Data Breach Breach Social Security Risk 81

PYMNTS

JULY 30, 2019

Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached. Capital One stressed that credit card account numbers and login credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted.

Breach 87

Breach Law Enforcement Data Breach Social Security 87

Payments Source

NOVEMBER 30, 2018

said it’s investigating a hack of the guest reservation database at its Starwood unit that may be one of the biggest such breaches in corporate history. Marriott International Inc. Marriott shares slumped 5.6 percent in pre-market trading.

Database 80

Database Breach Credit Cards Data Security 80

PYMNTS

MAY 20, 2020

They provided a sample showing the type of information in the database. It includes the user’s name, email address, phone number, encrypted password, last four digits of their credit card, gender, age, home address and subscription information, such as frequency of deliveries.

Data Breach 53

Data Breach Breach Request for Comment Database 53

Clearly Payments

JUNE 3, 2024

Tokenization in payments is a security process that transforms sensitive payment data, such as credit card numbers, into a unique string of characters called a token. The process of tokenization involves creating a token that is linked to the original payment data within a secure database. What is Tokenization?

PCI DSS 59

PCI DSS Payment Gateways Gateways Payments 59

Stax

NOVEMBER 6, 2023

Payment tokenization is a subset of data tokenization where tokens replace confidential payment data such as customer credit card information. With payment tokenization, the actual credit card data isn’t stored thereby making digital payment transactions more secure. PANs, customer information, credit card numbers, etc.

Encryption 88

Encryption PCI DSS Data Security Origination 88

PYMNTS

JULY 4, 2018

as well as the credit card numbers of approximately 209,000 people. Based on the company’s investigation, the unauthorized access occurred from mid-May through July 2017, with no evidence of unauthorized activity on Equifax’s consumer or commercial credit reporting databases, the company said in the release.

Cybersecurity 76

Cybersecurity Data Breach Breach Social Security 76

PYMNTS

SEPTEMBER 24, 2020

“Last quarter, more than 75 percent of our deposits were conducted fully digitally, as well as 40 [percent] to 50 percent of our loans and credit cards,” said Shetty. Axis verifies that the number the customer presents is the same as what they have in the national database in order to confirm their identity.

Account Takeovers 82

Account Takeovers Database Authentication Crime 82

PYMNTS

SEPTEMBER 18, 2017

Consumers have been complaining bitterly about credit reporting agency practices for decades. More recently, their complaints have been made more transparent, thanks to the CFPB’s consumer complaint database. Since 2012, the CFPB’s consumer complaint database has collected 1.1 They are not.

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. Unfortunately, the server wasn’t password protected, giving anyone access to the documents.

Law Enforcement 62

Law Enforcement Social Security Database Agreements 62

PYMNTS

JUNE 6, 2019

The server in question was operating a database that was used to log company events for its StreamOne Cloud service. This contained email and personal user data, as well as reseller contact and invoice information, payment and credit card data, internal security logs, unencrypted logins and passwords, and more.”.

Database 46

Database Credit Cards Research Encryption 46

PYMNTS

JULY 1, 2019

Chipotle denied any breach of its databases or systems. This is not the first time the chain has experienced fraud issues – it suffered a data breach at 2,250 of its restaurants in 2017, and the ensuing investigation found that hackers searched for data on the magnetic strips of customers’ credit cards.

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66