PYMNTS

MAY 13, 2016

Following a slew of recent data breaches, the U.S main banking regulator is in the hot seat about how notifications following the breaches were handled. The FDIC’s recent disclosure to Congress suggested that at least five major data breaches that occurred sometime between now and Oct.

FDIC 40

FDIC Data Breach Breach Non-Bank 40

Fintech Review

FEBRUARY 18, 2025

Embedded finance is transforming industries by incorporating financial services directly into non-financial platforms. This integration allows businesses to offer banking-like services, enhancing customer experience and simplifying transactions. This shift is redefining traditional banking structures. What is Embedded Finance?

Embedded Finance 95

Embedded Finance Finance Payment APIs and Integration Non-Bank 95

VISTA InfoSec

NOVEMBER 12, 2024

Because it is mandated by payment card brands and banks for all businesses handling payment card data. SaaS businesses often handle significant volumes of sensitive cardholder data due to the nature of their services. Moreover, it reduces potential financial and reputational damage from data breaches and fines.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

Because it is mandated by payment card brands and banks for all businesses handling payment card data. SaaS businesses often handle significant volumes of sensitive cardholder data due to the nature of their services. Moreover, it reduces potential financial and reputational damage from data breaches and fines.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

PYMNTS

AUGUST 27, 2018

Banks $88 Billion Bad Debt Concern . The delinquent credit rate is ticking up, and banks are reacting by dialing back new account approvals. Credit card debt made it over the $1 trillion mark in 2017, making it the third non-mortgage lending category to have surpassed the ten-digit mark in measuring consumer debt. In fact, at 3.4

Data Breach 41

Data Breach Breach Credit Cards Online and Mobile Banking 41

PYMNTS

AUGUST 13, 2019

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Breach 46

Breach Data Breach Wire Transfer Non-Bank 46

Fi911

FEBRUARY 26, 2025

It applies to any entity that processes, stores, or transmits credit card information making it especially relevant to banks and financial institutions. Compliance ensures robust security practices to prevent breaches and protect sensitive payment card data. Staying up-to-date with PCI-DSS compliance should be a top priority.

PCI DSS 52

PCI DSS Compliance MFA Assessments 52

M2P Fintech

MARCH 24, 2025

Borrowers can now apply for loans, track progress, and make payments through digital platforms and mobile apps, eliminating the need for physical branches and banking hours. Open banking is revolutionizing finance, driven by API standardization and strong security. AI, ML, and blockchain enhance risk assessment and security.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

PYMNTS

AUGUST 13, 2019

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Breach 43

Breach Data Breach Wire Transfer Non-Bank 43

Stax

SEPTEMBER 17, 2024

While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. So how can your business stay PCI compliant?

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

FEBRUARY 12, 2020

Phishing/vishing/smishing/pharming, non-payment/non-delivery, extortion and personal data breaches were among the favored attack patterns last year. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

VISTA InfoSec

OCTOBER 7, 2024

As per a survey conducted by Dragonfly Financial Technologies at the beginning of the year 2024, 92% of banks planned to maintain or increase their technology investments in 2024. Due to the advancement of technology, there is always stiff competition among organizations serving in the same sector, and this also applies to financial entities.

Compliance 130

Compliance Third-Party Service Provider Risk Assessment Audit 130

Fi911

MAY 7, 2024

Alternatively known as the MATCH List, seeks to safeguard banks from extending acquiring services to high-risk enterprises. In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated.

PCI DSS 95

PCI DSS Processors Compromise Identity Theft 95

PYMNTS

FEBRUARY 10, 2017

Fast food chain Arby’s confirmed that credit card data was stolen from thousands of its customers due to a data breach that took place last month. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the data breach.

Credit Cards 47

Credit Cards Data Breach Credit Union Service Organization Credit Union 47

PYMNTS

DECEMBER 4, 2017

McAfee Labs recently published its 2018 Threats Predictions report , and after a year of high-profile cyberattacks and data breaches, analysts say the threat won’t let up in the new year. If there’s one thing the enterprise has learned this year, it’s that a data breach can happen to any business — including small businesses (SMBs).

Small Business 54

Small Business Data Security PCI DSS Data Breach 54

Fintech Review

FEBRUARY 7, 2024

As traditional banking institutions grapple with the overhead of their physical presence, asset-light fintech companies are redefining the rules of financial engagement. Outsourcing the non-core Moreover, the strategic outsourcing of non-core tasks has emerged as a key tactic in the asset-light playbook, endowing firms with increased agility.

FinTech 105

FinTech Non-Bank Risk Mitigation Data Breach 105

PYMNTS

MAY 19, 2020

And, beyond emails and passcodes, the SSU said per the report that the database had “eWallets of cryptocurrencies” and “PIN codes for bank cards,” among other information. Meanwhile, BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report.

Digital Currency 59

Digital Currency Data Breach eWallet Database 59

Clearly Payments

JANUARY 25, 2024

Canada is home to a bustling entrepreneurial scene, with 1,326,321 employer businesses and another 2,951,629 non-employer businesses. Non-employer businesses are simply single businesses with no employees. Digital banks, sometimes called Neobanks, push consumers into digital banking and digital payments.

Process 105

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 105

PYMNTS

JUNE 29, 2018

The Securities and Exchange Commission (SEC) announced it has charged a former Equifax manager with engaging in insider trading before the company announced its massive data breach last year. This is the second case the SEC has filed in the aftermath of the breach. business unit was also charged with insider trading.

Data Breach 44

Data Breach Breach Returns Non-Bank 44

PYMNTS

APRIL 28, 2017

Ransomware incidents have risen 50 percent over the last year according to Verizon, who just recently released the 2017 edition of their Data Breach Investigations Report detailing the latest trends and information on cybersecurity threats. Here are some of the key data points.

Ransomware 46

Ransomware Data Breach Breach Cybersecurity 46

PYMNTS

OCTOBER 12, 2016

Q2 Holdings, a provider of secure, cloud-based digital banking solutions for community-focused financial institutions, announced on Tuesday (Oct. The online reporting provides transparency into the financial impact of the breach, including high-level summary reporting and detailed statistics, Q2 said.

Disputes 65

Disputes Credit Union Breach Compromise 65

Stax

AUGUST 20, 2024

TL;DR Embedded finance integrates financial services into non-financial business processes, while embedded fintech integrates fintech solutions into the processes of an institution in the finance industry. This is because most embedded finance solutions are provided by traditional banks. However, they’re two different concepts.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

PYMNTS

FEBRUARY 28, 2020

Credit unions’ emphasis on member relationships is one of the main factors that distinguishes them from large banks and FinTechs. Failing to prevent a data breach is a surefire way to lose that trust, however. Data Breaches Within And Without. Credit unions are no strangers to data breaches.

Credit Union 52

Credit Union CCPA Data Breach NCUA 52

PYMNTS

APRIL 29, 2019

Unfortunately, because there were so many systems — and data “doors” — at play, the firm didn’t even know where to look first to block the leak. With more data connections in place, it can be harder for leadership to identify that a problem even exists. ” Taking Action. They’re reusing the same passwords.

Cybersecurity 74

Cybersecurity Ransomware Data Breach Non-Bank 74

PYMNTS

SEPTEMBER 26, 2016

The driving force behind the growth in non-cash payments, according to Capgemini, is due in part to strong economic growth in key developing countries, as well as increased security measures and government initiatives to engender electronic payments in certain markets. As a result, the call for banks to keep pace continues.

Payments 73

Payments Fraud Detection Non-Bank Privacy 73

PYMNTS

DECEMBER 4, 2018

We must give credit to the criminals who engineered the recently disclosed data breach that could end up impacting some 500 million guests of Marriott International. Here’s the challenge: Consumers are almost certainly becoming numb to these types of breaches, secure in the knowledge that banks will have their backs.

Breach 68

Breach Data Breach Authentication Database 68

EBizCharge

MARCH 20, 2025

Improved payment security: A reliable payment gateway provider ensures compliance with security standards such as Payment Card Industry (PCI) Compliance , safeguarding sensitive financial data and reducing fraud and data breach risks. Automatic data syncing also reduces duplication and AR errors.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

PYMNTS

FEBRUARY 13, 2020

In today’s top payments news, the People’s Bank of China has filed more than 80 patents as it attempts to adopt a digital currency, and Fiserv introduced Scan to Pay, a new way for diners to pay their checks with Apple Pay. The People’s Bank of China (PBOC) has filed over 80 patents as it attempts to take the renmibi to the digital stage.

Online and Mobile Banking 61

Online and Mobile Banking PayPal eWallet Non-Bank 61

PYMNTS

OCTOBER 10, 2019

The September Faster Payments Tracker found that push payments are often viewed as more secure than pull payments, the latter of which give creditors access to sensitive bank account information. How many data breaches have we seen?” Whenever data is stored, there is potential for exposure.”. said LaFleche.

Real Time Payments 80

Real Time Payments Push-to-Card Payments Debit Card 80

Stax

JANUARY 15, 2024

Interchange fees are fees your bank (acquirer) pays to the cardholder’s bank (issuer) in a credit card transaction. Have your legal experts review any changes affecting specific operations in each state to avoid non-compliance. If a merchant is not PCI compliant, they risk significant fines from credit card companies and banks.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

NOVEMBER 6, 2023

In other words, tokenization decouples sensitive information from the payment transaction thereby reducing the possibility of a data breach. In a sense, clients are also protected from reputation loss and financial repercussions related to data breaches. FAQs about Data Tokenization What is data tokenization?

Encryption 88

Encryption PCI DSS Data Security Origination 88

Fintech Review

DECEMBER 3, 2024

High-profile data breaches often make consumers wary of storing sensitive information digitally. For example, PSD2 in Europe opened payment services to non-bank providers, encouraging fintech innovation. Digital wallets, for instance, attract users by streamlining purchases and offering cashback.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

Stax

FEBRUARY 28, 2024

In this article, we’ll be examining fully-integrated terminals, semi-integrated terminals, and non-integrated terminals. What is a Non-Integrated Terminal? It’s possible to have a non-integrated system, but this is becoming increasingly less common. What is a Non-Integrated Payment Terminal?

Payments 88

Payments Credit Cards Non-Bank Contactless Payments 88

PYMNTS

OCTOBER 2, 2017

Though not a new hack, the data breaches at Yahoo nevertheless comprised the largest cyberattack of all time, so it’s only fitting that we include this month’s court decision to move forward with litigation. National Bank of Canada. No addresses, banking information or social insurance numbers were compromised by the glitch.

Cybersecurity 76

Cybersecurity Breach Point-of-Sale (POS) Authentication 76

Stax

DECEMBER 20, 2023

Avoid Non-Mandatory Contracts No one likes to be stuck in a contract, from cell phone contracts to credit card processing contracts. One of the most famous data breaches happened to Target in 2013. It’s common in the credit card processing industry to lock clients into multi-year contracts filled with hidden fees.

Credit Cards 88

Credit Cards Small Business Process Security 88

Stax

JANUARY 28, 2025

Enhanced securitytokenization and two-factor authentication reduces the risk of data breaches As we mentioned earlier, Click to Pay uses a data security approach called tokenization to protect sensitive financial data from malevolent actors. The original sensitive data is still secured and hidden in an external data bank.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

Basis Theory

OCTOBER 1, 2024

Return to Top Risk of Non-Compliance Each PCI requirement acts as a proactive measure to protect cardholder data, and as a legal framework to isolate and financially penalize non-compliance. Findings of non-compliance or a recent security incident may shift your risk profile.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88