Complex, big, risky, exotic. Hedging FX exposure need not be any of those things, according to Cambridge Global Payments COO Mark Frey. PYMNTS went beyond the buzzword to find how to create a clear hedging process that protects the bottom line from the vagaries of...
Timehop, the mobile app that gathers photos from social media, disclosed on Monday (July 9) that it was the subject of a data breach. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The problem with fighting fraud — according to GIACT EVP of Product David Barnhardt in this week’s edition of the PYMNTS Topic TBD — is how much information fraudsters have at their fingertips about regular consumers. Between the Equifax hack last year, the Exactis hack last month and the...
When it comes to personally identifiable information (PII), the words of Gandalf are a good rule for individuals to live by: “Keep it secret. Keep it safe.” But caution will only do consumers so much good, unless the organizations to whom the PII is entrusted...
Following a non-jury trial in March, a federal judge has said that PricewaterhouseCoopers LLP (PwC) must pay the Federal Deposit Insurance Corp. (FDIC) $625.3 million after failing to detect fraud between a client and a mortgage lender. Colonial Bank, which was PwC’s client, and Taylor,...
Just a few weeks in, the data privacy law that has just taken root in the European Union already has some regulators seeking exemptions around the globe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In a world of breached consumer data, companies are taking new approaches to authenticating a consumer’s identity online. In the latest Digital Identity Tracker, Quicken Loans EVP Bill Banfield explains how Quicken maps borrower data to the original sources to prove their true identity. That,...
Another day, another (possible) data breach: Adidas revealed that it has come under attack from cybercriminals looking to steal personal information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
News from the frontline of the digital fraud fight is mixed. A recent report found the number of data breaches dropped by 40 percent in Q1 2018. While that’s a positive development, more than 1.4 billion consumer records were exposed on the black market over...