FTC Settles with PayPal Over Venmo’s Security Claims
Payments company PayPal has reached a settlement with the Federal Trade Commission (FTC) on claims that its social payments platform...
Risk & Security
ACH Is a Sieve of Fraud That Needs to Be Fixed
EXCLUSIVE - This month, my company, Royal Media, was robbed. This was a civilized heist, mind you. No guns were...
With Less Than 100 Days to Comply, U.S. Companies Need to Get Comfortable with GDPR Fast
EXCLUSIVE— While businesses and banks in the United Kingdom are moving (slowly) towards compliance with the General Data Protection Regulation,...
TD Online Banking Was Down for Over a Week, and Customers Are Not Happy
EXCLUSIVE— Online banking service for U.S. customers of TD Bank was down for over a week after the bank updated...
Wells Fargo Has No Plans to Ban Cryptocurrency Purchases on Its Cards
EXCLUSIVE – Wells Fargo will not be joining some of the other big banks in banning its customers from purchasing...
Japanese Cryptocurrency Exchanges Report 669 Cases of Money Laundering
Japan’s cryptocurrency exchanges have reported a total of 669 suspected money laundering cases to the country’s National Police Agency, according...
With Realtime Payments Comes Realtime Fraud — and Banks Need to Prepare
EXCLUSIVE—As banks begin to implement faster payment networks, they have to be ready to react to new cases of fraud...
How VC Firm Magma Partners is Tapping Into the Untapped Chilean Fintech Market
EXCLUSIVE -- With government-backed initiatives and a finite business of copper export, Nathan Lustig, co-founder and managing partner at Magma...
Japan Regulators Crack Down on 15 Cryptocurrency Exchanges
It’s not surprising that the Japanese government tighten its grip on cryptocurrency exchanges following a major hack a few weeks...
Hackers Stole $6M from a Russian Bank, Through SWIFT Payment System, Russia Central Bank Says
An unknown hacker or hackers stole $6 million from a Russian bank in 2017 through the SWIFT international payments system,...
