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Banks need to take a hard look at the age-old practice of using signatures to authenticate card payments, Federal Reserve Gov. Jerome Powell said Thursday.
June 25 -
A visit to an overnight shipping store in Napa Valley reveals that outdated payment-processing procedures remain de rigueur with some merchants despite the fraud risk.
May 28 -
MasterCard issuers had to cast at least 90% of their votes in favor of the Target settlement by May 20, and not enough did, the companies said. Banks and credit unions will fight for a better deal.
May 22
Multiple banks are reporting fraudulent activity on cards used at hotels owned by real estate magnate, reality TV star, and now controversial presidential candidate Donald Trump.
The information was
Eric Trump, Donald's son and executive vice president of development and acquisitions for the Trump Organization, acknowledged suspicious card activity experienced by Trump hotel guests but did not confirm the breach.
"Like virtually every other company these days, we have been alerted to potential suspicious credit card activity and are in the midst of a thorough investigation to determine whether it involves any of our properties," the younger Trump said in a statement. "We are committed to safeguarding all guests' personal information and will continue to do so vigilantly."
