PYMNTS

OCTOBER 10, 2019

The P2P use case is perhaps the most well-known and widely used, giving non-bank players new tools to enable payments between people by using a debit card as a proxy for those transfers. Common forms of pull payments, meanwhile, include debit cards and paper checks. Security Awareness. How many data breaches have we seen?”

Real Time Payments 80

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

PYMNTS

SEPTEMBER 24, 2020

Fraudsters] will call up customers pretending to be bank employees and ask the customers to share their passwords, debit card details, PINs, et cetera. 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. Shetty explained.

Account Takeovers 82

Account Takeovers Database Authentication Crime 82

Payment Savvy

AUGUST 3, 2023

A BIN checker is a free tool that helps you retrieve information about a payment card based on the BIN number. Any valid BIN number contains key details about a card brand, its issuing bank, card type, and card level. Most free tools have a vast database that is regularly updated. How to Use a BIN Checker?

Issuers 98

Issuers Card Issuer Processors Credit Cards 98

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

PYMNTS

MARCH 26, 2020

million recipients faster through Direct Express, where Comerica Bank acts as the Treasury Department’s financial agent for prepaid debit cards. In one example, Mastercard has been working with a number of public agencies to get federal benefits to 4.5 There also is Mastercard Send for push payments as an alternative to ACH.

Checks 100

Checks Push-to-Card Direct Deposit IRS 100

PYMNTS

OCTOBER 15, 2020

It had assured the recipients they were not in Klarna’s database. This means that Klarna processes all credit and debit card transactions for these retailers,” according to the company’s blog. Soon after the first email was sent, people said they got a second email stating the first was sent by mistake.

Debit Card 63

Debit Card BNPL Database Addressing 63

Clearly Payments

OCTOBER 10, 2024

These programs can be connected directly to credit cards, debit cards, mobile wallets, and even cryptocurrency payments. Every time a card is swiped or a digital wallet is used, the processor records the transaction and updates the loyalty program database.

Processors 105

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

CB Insights

JUNE 5, 2018

In this research briefing, we’ll discuss: The current credit and debit card value chain. Who foots the bill for credit card rewards programs. UNDERSTANDING the credit and debit card value chain. Users of the traditional financial system can also build credit and access credit instruments, like credit cards.

Online and Mobile Banking 68

Online and Mobile Banking Debit Card Credit Cards Payment Gateways 68

Clearly Payments

SEPTEMBER 26, 2024

Friendly fraud occurs when a customer makes a legitimate purchase using their credit or debit card but later disputes the charge with their bank, claiming it was unauthorized. in Costs per $1 of Fraud: For every dollar lost to friendly fraud, businesses incur an additional $3.75 What is Friendly Fraud?

Disputes 105

Disputes Processors Fraud Prevention Payments 105

PYMNTS

DECEMBER 27, 2019

Wawa said the malicious software had been collecting credit and debit card information surreptitiously since March, as well as names of customers and other data. Massive data breaches are becoming more and more common as more information is moving online and to databases. million members.

Data Breach 52

Data Breach Breach Identity Theft Debit Card 52

PYMNTS

NOVEMBER 14, 2019

Three billion credit and debit cards. And in illustrating the ultimate lines of defense against hackers, Seshadri said, payment account information in a database can be rendered unusable to unauthorized parties. More than 100 billion transactions, worth more than $11 trillion.

AI 84

AI Transactions Phishing Cybersecurity 84

PYMNTS

NOVEMBER 7, 2016

As Galarza offered: “It’s no longer about whatever databases you have within your company handling records that are going in and out, but its really more about the relationships that those applications allow … There are business processes that are automated” that had once been done manually.

P2P 78

P2P Zelle B2C Venmo 78

PYMNTS

SEPTEMBER 18, 2017

Venmo launched a debit card powered by Shift Financial, Equifax tried to shift some blame for its horrific breach and Nordstrom decided to transition to a store design without inventory. First up was the announcement that Venmo is testing a free debit card linked to users’ accounts. Baird & Co.

Venmo 46

Venmo Debit Card Online and Mobile Banking Breach 46

PYMNTS

FEBRUARY 18, 2020

Peer-to-peer (P2P) fraud is also gaining traction, Kraus noted, as fraudsters compromise new accounts and use stolen PANs (personal account numbers), debit cards and credit cards to register with an application and transfer funds back to themselves.

Fraud Prevention 66

Fraud Prevention Account Takeovers Online and Mobile Banking P2P 66

Payment Savvy

AUGUST 6, 2024

They serve as a primary key in databases, linking various pieces of information such as transaction history, account balances, and personal details. This section will dig into the unique features of American Express card numbers, the additional security provided by CVV and expiration dates, and the distinctions of debit card numbers.

Accounts 52

Accounts Debit Card Wire Transfer Credit Cards 52

PYMNTS

JANUARY 14, 2021

Gelebart pointed to a May 2020 announcement with Mastercard, where JazzCash users can apply for physical debit cards, while merchants can accept digital payments from their customers and move toward cashless operations. But remittance does have friction, as cross-border transactions involve costs and risks.

Mobile Payments 93

Mobile Payments Financial Inclusion Payments Use Case 93

PYMNTS

DECEMBER 4, 2018

These tourists, business travelers and others entrusted the Starwood hotel guest reservation database with details about their payment cards; home, work and email addresses; passport numbers and images; reward accounts and general travel habits. Fewer still cancelled their credit and debit cards. Good for them!

Breach 68

Breach Data Breach Authentication Database 68

PYMNTS

NOVEMBER 29, 2017

And, as an added safeguard against hacking, the FI avoids housing its information in a central database, instead making each user’s account separate and responsible for its own information. Customers will be able to designate a different card to each vendor or app. percent cash back on debit card transactions.

Debit Card 43

Debit Card Database Privacy Regulations 43

PYMNTS

OCTOBER 23, 2018

The United Kingdom’s Department for Digital, Culture, Media & Sport , for one, is proposing changes to the country’s digital identity platform, which would open government databases to private sector organizations via an application programming interface (API).

Authentication 53

Authentication Rules Credential Governance 53

Payment Savvy

NOVEMBER 24, 2020

Automated database verifies consumer data and relays account balance details. Customers enter their credit card, debit card, checking account details, and payment is processed in real-time. IVR payment systems work generally in this manner: Merchants direct clients to their IVR payment line operating 24/7/365.

Innovation 52

Innovation Payments Debit Card Database 52

Segpay

JANUARY 10, 2025

Secure Your Transactions Shift to a backup processor if available to ensure uninterrupted debit card and credit card payment processing. If you are using a managed payment service, determine if you have rights to export your customer database. Ask if you were added to the VMAS or MATCH systems.

Processors 52

Processors Accounts Payment APIs and Integration Risk 52

FICO

JANUARY 22, 2021

The reports are stored in the Consumer Sentinel Network (Sentinel), a secure online database available only to law enforcement partners, which can use information in the database to spot trends, identify questionable business practices and targets, and enforce the law. billion in 2019, according to Javelin Research.

Credit Cards 52

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

PYMNTS

NOVEMBER 1, 2017

He noted that Mastercard’s push payment’s solution, Mastercard Send , is now capable of reaching “pretty much all debit cards in the U.S.” Users of the service have included the American Red Cross, which used Mastercard Send to push disbursements to consumer cards in hurricane-ravaged parts of Florida and Texas.

Visa 49

Visa Push-to-Card Same Day ACH Volume 49

Stax

MAY 21, 2024

With Stax Connect, you can enable sofware users to accept everything from credit and debit card payments to ACH and eChecks. And if clients want to save on credit card fees, Stax Connect can provide compliant surcharging capabilites to your platform as well. Implement HEARD: Hear, empathize, apologize, resolve, and diagnose.

Laws 88

Laws Legal Process Product 88

PYMNTS

NOVEMBER 1, 2017

He noted that Mastercard’s push payment’s solution, Mastercard Send , is now capable of reaching “pretty much all debit cards in the U.S.” Users of the service have included the American Red Cross, which used Mastercard Send to push disbursements to consumer cards in hurricane-ravaged parts of Florida and Texas.

Push-to-Card 45

Push-to-Card Visa Same Day ACH Volume 45

PYMNTS

MARCH 13, 2019

The agency uses electronic fund transfers that can directly deliver approved aid to recipients’ checking or debit card accounts, meaning funds are available immediately. It also uses a thorough verification system to review government identifications, Social Security numbers and public records through databases like LexisNexis.

Debit Card 40

Debit Card Federal Reserve Checks Governance 40

BNG Payments

FEBRUARY 4, 2022

With the use of cash dwindling as a payment preference, debit and credit cards and ACH take over as the predominant payment methods. Be sure to consider if your nonprofit will accept all major credit cards (Visa, MasterCard, Discover and American Express) or only some.

Credit Cards 52

Credit Cards Process Processors ACH 52

FICO

JULY 28, 2021

Use a verification database to validate the account. Any of these options will facilitate compliance with the NACHA WEB Debit rule, which is a considerable step up in fraud protections while still creating minimal friction in the customer experience. If the transaction arrives, it qualifies as a status check for that account.

NACHA 52

NACHA ACH Scams Account Validation 52

PYMNTS

FEBRUARY 13, 2017

Adding insult to injury, the attackers also published a series of databases containing large amounts of the information available on Freedom Hosting II. 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.

Automation 49

Automation Breach Credit Union Compromise 49

Stax

NOVEMBER 20, 2023

American Express’ database for SBS-registered SMBs). Our payment processing solutions ensure a seamless checkout process for credit cards, debit cards, mobile wallets, and contactless payment methods. Shoppers will find your business through Shop Small Maps (i.e., Less stress, more efficiency.

Small Business 88

Small Business Online and Mobile Banking Participant On-Demand 88

Stax

AUGUST 20, 2024

3D Secure Authentication ensures that the person making the purchase is verified as the actual owner of the debit or credit card being used. When a customer attempts to make a purchase on your website using their credit or debit card, 3D Secure will prompt them for additional information to confirm their identity.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

Clearly Payments

MARCH 4, 2024

Over 40 million credit and debit card accounts compromised. Once inside the system, they accessed and extracted sensitive credit card data, including card numbers, expiration dates, and cardholder names, from the company’s databases. Estimated financial losses exceeding $200 million.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

Fintech Labs Insights

JUNE 6, 2016

Online debit card security. Tags: Consumer, security, payments, direct debit, online billpay. Source: FT Partners. iPad POS system for the hospitality industry. Latest round: $22.8 million Series C. Total raised: $37 million. HQ: Berlin, Germany. Source: Crunchbase. Healthcare finance platform . Latest round: $20 million.

Online and Mobile Banking 20

Online and Mobile Banking Debit Card FinTech Underwriting 20

Fintech Labs Insights

JUNE 23, 2020

SaaS solution to customize plastic and virtual credit/debit cards with user-selected photos (uploaded or from Aart gallery). Digital credit/debit card services API platform for instant digital issuance and virtual card management. Improves database-related storage operations. Ciphertext Solutions.

Debit Card 15

Debit Card FinTech Online and Mobile Banking AML 15

FICO

JANUARY 19, 2022

The reports are stored in the Consumer Sentinel Network (Sentinel), a secure online database available only to law enforcement partners, which can use information in the database to spot trends, identify questionable business practices and targets, and enforce the law. billion in 2019, according to Javelin Research.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

DECEMBER 7, 2017

The (insecure) web connections that are linked throughout the credit card systems are vulnerable to credit card and debit card fraud. Layering multiple security and fraud protocols that could include biometrics is the best way to effectively authenticate the consumer.

Security 40

Security Online and Mobile Banking Blockchain Credit Cards 40

Fintech Labs Insights

JUNE 23, 2020

SaaS solution to customize plastic and virtual credit/debit cards with user-selected photos (uploaded or from Aart gallery). Digital credit/debit card services API platform for instant digital issuance and virtual card management. Improves database-related storage operations. Ciphertext Solutions.

FinTech 15

FinTech Debit Card Online and Mobile Banking AML 15