Payment Security
Hackers steal more than $90m from Liquid crypto exchange
Japanese cryptocurrency exchange Liquid says hackers have compromised some of its wallets and stolen more than $90 million.
Americans trust banks over fintechs and Big Tech with personal data
Americans trust traditional banks more than government agencies or fintechs - and far more than Big Tech - to safeguard their personal data, according to a BIS survey.
PayMongo and Vesta partner to offer fraud and risk detection for online payments in the Philippines
Source: PayMongo
PayMongo, a Manila-based online payment processing platform, today announced its partnership with Vesta, a fintech pioneer in fraud protection and fully guaranteed payment technologies, to further enhance the company’s advanced fraud detection capabilities.
EU proposes first set of rules for crypto assets
The European Union has taken a major step forward in its bid to regulate the crypto assets world after its executive branch issued its most extensive proposals to date for supervising the growing sector.
European Payments Council issues RfP for real-time malware platform
The European Payments Council has issued a Request for Proposal to find an outsourced service provider for a new Sepa-wide Malware Information Sharing Platform to address real-time payments fraud risks.
Mastercard taps AI to help banks fight off cyber risks
Mastercard has unveiled an AI-powered suite of tools designed to help banks assess cyber risks across their ecosystem and prevent breaches.
GlobalPlatform applies EMVCo specs on device authentication
Source: Global Platform
GlobalPlatform, the standard for secure digital services and devices, has released a new specification to simplify and bring greater trust to the authentication of digital services on smartphones and biometric-enabled cards.
Square buys $170 million worth of bitcoin
Source: Square
Square, Inc. (NYSE: SQ) has posted its results for the fourth quarter and full year of 2020 on the Financials section of its Investor Relations website at investors.squareup.com and filed these results with the Securities and Exchange Commission.
Target2 experiences total system failure, Sepa payments delayed
A complete failure of all payment transactions within the Target2 system was experienced for several hours on Friday, with backup systems and contingency modules also initially unable to function.
Decades old software led to Citi's $1 billion transfer headache
Citi says defective software dating from the 1990s was the cause of a $1 billion wire transfer screw up earlier this month.
Square's Dorsey hits out at FinCen crypto rulemaking proposal
Source: Square
Re: FinCEN Docket No. FINCEN-2020-0020, RIN 1506-AB47. (Proposed Rulemaking on Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets.)
Verizon reports sharp decline in PCI compliance
Source: Verizon
Global organizations continue to put their customers’ cardholder data at risk due to a lack of long term payment security strategy and execution, flags the newly released Verizon Business 2020 Payment Security Report (2020 PSR).
Barclays reports 66% spike in scams
Barclays is reporting a 66% increase in scams for the first six month of this year, as criminals take advantage of lockdown pressures to line their pockets.
