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Identity Theft

Welcome to the News View for "Identity Theft".

Here, on these archive pages, you'll find all of the articles on Payments News for Identity Theft listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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January 29, 2016

Headline News from - January 29, 2016


  • PwC and Blockstream Announce Strategic Partnership - "For our clients, understanding new world applications of Bitcoin and blockchain technology, adapting it for myriad uses, and using it optimally are critical to improving financial security, efficiency and compliance," said Haskell S. Garfinkel, Partner, FinTech Co-Leader, PwC. "PwC is teaming with Blockstream to offer our joint knowledge and capabilities to clients – giving them one place to go, maximizing expertise, talent, and assets from both organizations."
  • Payment Processor to Stop Working With Daily Fantasy Sports Clients - New York Times - "Vantiv Entertainment Solutions, the processing company, told its daily fantasy clients, which include FanDuel and DraftKings, that it would “suspend all processing for payment transactions” related to daily fantasy sports in the United States and its territories on Feb. 29."
  • RTGS, and the story of batches instead of blocks - FT Alphaville - "Here begins a tale of how the Bank of England’s settlement system got broken without anyone really noticing…"
  • Facebook open to payments partnerships with Apple Pay, others - Apple Insider - "We'll partner with everyone who does payments," Zuckerberg said. "We look at the stuff that Apple is doing with Apple Pay, for example, as a really neat innovation in the space that takes a lot of friction out of transactions as well."


  • Visa Launches Commerce Network to Drive Merchant Sales and Deliver New Cardholder Benefits - "Visa Commerce Network works by connecting transactions between two merchants. For example, a hotel can provide its customers with offers from local restaurants using Visa Commerce Network, and with cardholder consent, track engagement and even issue rewards. Qualifying purchases are recognized at the point of sale and rewards can be seamlessly applied to cardholder accounts – eliminating the need for coupons or redemption schemes."
  • MasterCard Incorporated Reports Fourth-Quarter and Full-Year 2015 Financial Results - “Despite a challenging economy, we were able to deliver solid results for the quarter and the full year in 2015,” said Ajay Banga, president and CEO, MasterCard. “Entering 2016, while uncertainty in the global economy persists, the fundamentals of our business and our approach remain unchanged. We continue to be laser focused on our strategy to lead payment innovation in an increasingly digital world with solutions such as MasterPass, while growing the use of electronic payments through our products, partnerships and increased acceptance at the point-of-sale.”
  • FTC Announces Significant Enhancements to - "For the first time, identity theft victims can now go online and get a free, personalized identity theft recovery plan as a result of significant enhancements to the Federal Trade Commission’s website."



Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

January 28, 2016

Headline News from - January 28, 2016



  • Visa Inc. Reports Fiscal First Quarter 2016 Results - “We continue to be pleased with our financial performance given the uneven global economy and the ongoing negative effects of the strong U.S. dollar. While we continue to see relatively strong payments volume growth, these factors have meaningfully reduced our cross-border volume and revenue growth. While these headwinds do not appear to be abating in the short-term as we had hoped, the fundamentals of our business remain strong and our long-term growth trajectory remains intact as we navigate through this uncertain environment,” said Charlie Scharf, Chief Executive Officer of Visa Inc.
  • Credit Karma Now Serves 50 Million Members - "Credit Karma’s 50 million-strong member base accounts for 22 percent of all Americans with a credit profile in the United States, who use the platform to help them manage over $3 trillion in household debt. The company has given away more than one billion free credit scores since launching its product in March 2008, without charging members a penny to use its service."
  • Alliance Data Reports Full-Year 2015 Results - Ed Heffernan, president and chief executive officer of Alliance Data, commented, "It was an exceptional year for Alliance Data as we drove 20 percent growth in both revenue and core EPS despite substantial FX headwinds. Overall, the scorecard for all three segments is largely positive."
  • ID Experts Raises $5 Million in Financing from BlueCross BlueShield Venture Partners and Sandbox Advantage Fund - "We look at this investment as a strategic partnership with ID Experts," said Tom Hawes, M.D., Managing Director at Sandbox Industries who will join the Board of Directors at ID Experts. "ID Experts is poised for rapid growth with its data breach and identity protection solutions, especially in the healthcare space with its innovative MIDAS™ medical identity monitoring service."



Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

September 16, 2015

Headline News from - September 16, 2015

Heading to Portland!

Your editor is on his way to Portland, Oregon for this afternoon's Payments in Portland event. I'll be joining my partner Carol Coye Benson for this inaugural get together of Portland-based "payments geeks". Hope to see many of you there!

On the Web:

  • IBM Adapts Bitcoin Technology for Smart Contracts - Wall St. Journal - "Within the next few months, the venerable tech giant plans to release open source software that could be used to create digital contracts that—like bitcoin transactions—would be recorded publicly and securely on a world-wide computer network."
  • St. Paul judge certifies class-action status to banks in Target breach suit - StarTribune - "A federal judge in St. Paul on Tuesday granted class-action status to financial institutions suing Target Corp. for damages related to the 2013 cyberattack on its data system."
  • Submerging Payments, Part II - Finsurgency (Matt Harris) - "Over time, consumers won’t say “I’ll choose the card that has the best mobile interface”; they will choose Uber (or Apple Pay, Paypal, etc) and whatever funding mechanism they selected at inception will just fire away."

On the Wires:

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

April 20, 2015

Headline News from - April 20, 2015

On the Web:

  • The Year Of Mobile Payments - TechCrunch - "Expectations have changed. The proliferation of mobile money services shows that people – even the unbanked – demand better than the lengthy queues, cumbersome processes, and high fees offered by the incumbent international money transfer “super racket.”"
  • ICICI Bank launches ‘Tap n Pay’, a contactless payment service in arrangement with Tech Mahindra - Telecom Tiger - "‘Tap n Pay’ is a prepaid account, which can be availed by customers of any bank by simply registering for it and transferring money online from any bank account. ICICI Bank customers can also transfer money to the Tap-n-Pay account through an SMS. To start with, this solution is being offered at large campuses of corporate offices."
  • Samsung SDS enters biometric security business - Korea Times - "This system will be applied to all devices that need to receive user authorization such as smartphones, vehicles, IoT-based devices, door locks, smart homes, shopping, transaction and financial products," Kim said. "All corporate clients in those areas are our potential customers."
  • Westpac boss sees NZ as innovation lab - New Zealand Herald - "Westpac Group chief executive Brian Hartzer has embarked on a mission to transform the bank into a world-leading service company, with the Kiwi operations playing a Trojan horse role when it comes to innovations."
  • New Law to Strip Social Security Numbers From Medicare Cards - New York Times - “The Social Security number is the key to identity theft, and thieves are having a field day with seniors’ Medicare cards,” said Representative Sam Johnson, Republican of Texas...

On the Wires:

  • Verifone selects Thales to protect card holder data - "Thales, leader in critical information systems and cybersecurity, announces that Verifone now uses Thales nShield hardware security modules (HSMs) for its end-to-end payment encryption solution – VeriShield Total Protect – to provide robust, high speed, scalable crypto to protect card holder data, whether transmitted from a card or mobile device, right from the moment of capture."
  • GlobeOne Announces LOI with MetaBank to Bring New Mobile Banking Network to United States - "GlobeOne expects to launch in the United States and Mexico in the fourth quarter of 2015, and it will expand its integrated global network as new banking partners are secured around the world. GlobeOne’s innovative app will offer a no-minimum demand deposit account with debit card, a security savings account, a line of credit, domestic and international transfers between GlobeOne members, and access to the global income-building SocialBoost program, which gives members the opportunity to earn a new income stream while helping those who need it most."
  • WEX Virtual Payments Expands Currency Offering in Europe - Myles Stephenson, managing director of WEX Europe said, “We’ve listened to our customers’ needs and business challenges, and implemented a solution that provides even more cost-effective ways to make international payments. This update enables WEX Europe customers to pay their global suppliers in local currencies more efficiently.”
  • Entrust Datacard Enters Strategic Partnership with Financial Software and Systems (FSS) - Commenting on the partnership, Nagaraj Mylandla, managing director of FSS, said, “FSS has always been on the forefront of bringing new technologies to the payments domain in India. Today, banks in India are focusing on new technologies to build a deeper engagement with their customers. The hosted instant card issuance solution that we are introducing through our partnership with Entrust Datacard is one such technology that will assist banks in India to achieve service excellence.”
  • EastPay Launches Subsidiary, EastPay Advisory Services - "EastPay, a Regional Payments Association, has announced the formation of EastPay Advisory Services, a wholly-owned subsidiary that will provide payments risk management, compliance, and consulting services to financial institutions and businesses."

Glenbrook's 2015 Payments Education

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

October 22, 2014

Headline News from - October 22, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

September 17, 2014

Headline News from - September 17, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

May 28, 2014

MasterCard Strengthens U.S. Cardholder Security

MasterCard logo 140pxMasterCard has announced new enhancements intended to provide its U.S. cardholders with greater protection from fraud and identity theft.

All MasterCard credit, debit, prepaid and small business cards issued in the U.S. will now carry Identity Theft Resolution assistance. MasterCard says its new program will provide help in canceling missing cards and alerting credit reporting agencies, as well as targeting searches to detect if stolen personal and confidential data appears online. The new Identity Theft coverage extension begins in July 2014.

MasterCard is also extending its zero liability policy in the U.S. to include all MasterCard PIN-based and ATM transactions. This is in addition to coverage already provided on signature debit and credit transactions. The Zero Liability coverage extension takes effect in October 2014.

“Fraud prevention and detection is a 24/7 job at MasterCard. The changes that we’re making in cardholder protection combined with our efforts to move the U.S. payments industry to EMV chip technology will help deliver safer shopping experiences to consumers,” said Chris McWilton, president, North American Markets for MasterCard.

MasterCard noted that tanks and financial institutions issuing MasterCard-branded cards provide financial indemnity against fraud.

February 07, 2014

Headline News from - February 7, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from and in an ebook version for your iPad.

On the Web:

On the Wires:

  • Coming Soon!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

October 21, 2013

Headline News from - October 21, 2013

On Twitter:

On the web:

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join Glenbrook's Carol Coye Benson and Scott Loftesness for our Glenbrook Payments Boot Camp on December 10-11th in Palo Alto, California!
  • Glenbrook's Elizabeth McQuerry will be speaking on New Payments Regulation in Brazil at the International Money Transmitter Conference in Miami 4-7, 2013.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it:!

May 07, 2013

Headline News - May 7, 2013

On Twitter:

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

February 10, 2010

Javelin Study Finds Identity Fraud Reached New High in 2009

Javelin Strategy & Research has announced results from its 2010 Identity Fraud Survey Report - finding that "the number of identity fraud victims in the United States increased 12 percent to 11.1 million adults in 2009, while the total annual fraud amount increased by 12.5 percent to $54 billion. The report found that protection of data by consumers and businesses and enlisting assistance in resolution are helping consumers and businesses resolve fraud more quickly, and are also reducing or eliminating costs for the consumer. Average fraud resolution time dropped 30 percent to 21 hours, and nearly half of new victims file police reports, resulting in double the reported arrests, triple the prosecutions, and double the percentage of convictions in 2009." READ MORE »

September 11, 2009

Card Hacker Albert Gonzalez Pleads Guilty to 19 Counts

Thief-140px.jpgAlbert Gonzalez, 28, of Miami, pleaded guilty today to 19 counts of conspiracy, computer fraud, wire fraud, access device fraud and aggravated identity theft relating to hacks into numerous major U.S. retailers including TJX Companies, BJ's Wholesale Club, OfficeMax, Boston Market, Barnes & Noble and Sports Authority. Gonzalez was indicted in August 2008 in the District of Massachusetts on charges related to these hacks. More than 40 million credit and debit card numbers were stolen from major U.S. retailers as a result of the hacking activity.

Gonzalez also pleaded guilty to one count of conspiracy to commit wire fraud relating to hacks into the Dave & Buster's restaurant chain, which were the subject of a May 2008 indictment in the Eastern District of New York. The pleas in both cases were entered before U.S. District Court Judge Patti B. Saris in federal court in Boston. READ MORE »

February 09, 2009

Identity Fraud In US Increased 22 Percent, Costs Down 31 Percent

The 2009 Identity Fraud Survey Reportreleased today by Javelin Strategy & Research – confirms that the number of identity fraud victims has increased 22 percent to 9.9 million adults in the United States, while the total annual fraud amount only increased slightly by seven percent to $48 billion over the past year. READ MORE »

December 22, 2008

Federal Financial Regulators Issue Revised Identity Theft Brochure

The US federal bank, credit union, and thrift regulatory agencies have announced publication of a revised identity theft brochure titled You Have the Power to Stop Identity Theft icon_PDF_small.gif to assist consumers in preventing and resolving identity theft. The updated brochure focuses primarily on Internet "phishing" by describing how phishing works, offering ways to protect against identity theft, and detailing steps to follow for victims of identity theft. The brochure includes contact information for three major credit bureaus, where to report suspicious e-mails, and where to access additional information.

December 18, 2008

FTC Issues Report on Social Security Numbers, Identity Theft

The Federal Trade Commission has issued a report titled "Security in Numbers - SSNs and ID Theft" icon_PDF_small.gif recommending five measures to help prevent Social Security numbers from being used for identity theft. Principal among the report’s recommendations is that Congress consider taking action to strengthen the procedures that private-sector organizations use to authenticate their customers’ identities. READ MORE »

December 17, 2008

LifeLock Enters Into Agreement With TransUnion

LifeLock has announced that it has entered into "an agreement that will leverage TransUnion's secure, automated processes to expedite and enhance the delivery of identity theft services that LifeLock currently provides to its members." READ MORE »

November 03, 2008

A Look at the FTC's Red Flags Rule Enforcement Delay

In an article on his Payments Industry Regulation blog titled "FTC Red Flags Rule Enforcement Delay -"What Red Flags Rules?"", our friend and colleague Broox Peterson takes a look at the FTC's recent decision to delay compliance requirements to May 1, 2009 "for entities under its jurisdiction to comply with the "Red Flags" rules".

Broox writes: "The FTC discovered during outreach and education attempts after adoption of the regulation that many of the entities subject to the Red Flags rule were not aware that such a rule existed, much less that they were subject to it, or even that they were subject to FTC jurisdiction at all."

October 21, 2008

PayPal Studies Differences in Identity Theft by Country

PayPal has announced results of a new study finding that "online consumers in English-speaking countries are the most frequent victims of identity theft, twice the rate of France, Germany and Spain." The research, conducted for PayPal by Ipsos, examined online security fears and habits in the United States, Canada, France, Germany, Spain and the United Kingdom. READ MORE »

June 30, 2008

Identity Theft, Financial Fraud Remain Top Concerns for Consumers

Fears about identity theft and financial fraud are top global concerns for consumers, according to the latest results of the Unisys Security Index. Identity theft is the primary security concern cited among respondents in nine out of 14 countries, while misuse of credit or debit card information ranks as the first or second greatest fear in 12 out of the 14 countries. Interestingly, the survey found an apparent lack of concern about using the Internet to shop, bank and email. According to Unisys, the data indicates that concern about Internet security has taken a back seat to other areas studied, such as issues related to financial well-being and the protection against bank card fraud. READ MORE »

June 04, 2008

5th Annual Identity Theft Aftermath Study

The Identity Theft Resource Center has today released its 5th Annual Identity Theft Aftermath Study discussing the impact of identity theft on victims. According to the center, the Aftermath is the only study of its kind. It reflects only the experiences of confirmed identity theft victims who have worked with the ITRC, and is not a census or general population-based study. The questions asked ranged from the emotional impact this crime has had on their lives all the way through to their ability to recover their good name. It includes the financial loss to the business community in goods and services. READ MORE »

May 23, 2008

Trusteer Partners with ING DIRECT

ING DIRECT has announced that it has partnered with Trusteer to become the first US bank to offer Trusteer’s Rapport consumer Identity Theft protection software free to all of its customers. READ MORE »

May 20, 2008

Unisys Security Index Finds Bank Customers Concerned

The latest U.S. results of the Unisys Security Index find that Americans are more concerned than they were seven months ago about national security issues and health epidemics and are increasingly concerned about financial security issues and worries about identity theft. READ MORE »

April 30, 2008

Identity Theft Prevention Programs - Do You Have One?

Anita Boomstein, an attorney with Hughes Hubbard & Reed, has published a paper titled 'Identity Theft Prevention Programs: Will Your Company Need to Have One?' icon_PDF_small.gif. Her paper reminds companies of their obligations under the Fair and Accurate Credit Transactions Act (FACTA) to take steps to 'prevent, detect and mitigate the occurences of identity theft.' Compliance becomes mandatory on November 1, 2008.

April 16, 2008

Debix Expands National Identity Protection Network

Debix has announced the national launch of the expanded Debix Identity Protection Network. Debix says its network is 'the first and only identity protection solution that is with you during an attack and proactively stops identity theft at the moment it is attempted.' READ MORE »

April 02, 2008

Data Breaches More Than Doubled in 2008 First Quarter

Data breaches disclosed by Hannaford Bros Supermarket Chain, GE Money, and Georgetown University are just some of the 167 breaches reported during the first quarter of 2008, according to the non-profit Identity Theft Resource Center (ITRC). This is more than double the first quarter in 2007 (76 breaches).


February 21, 2008

Experian Files Suit Against LifeLock

Experian( has announced it has filed a lawsuit against LifeLock, Inc. "for allegedly placing fraud alerts illegally on credit files maintained by Experian."


February 11, 2008

Javelin's 2008 Identity Fraud Survey Report

Javelin Strategy and Research has published its 2008 Identity Fraud Survey Report finding that identity fraud is declining in most parts of the United States with a losses down about 12 percent over 2006. Javelin's James Van Dyke notes, however, that "there's a catch. In a back-to-the-future scenario, there was a sharp increase in "old-fashioned" mail and telephone fraud, including Vishing. These methods grew from 3% to 40%, pointing to thieves’ new creativity in gathering personal information by mail and telephone."


November 19, 2007

Identity Theft: The Aftermath 2006

The Identity Theft Resource Center has released a new report today discussing the impact of identity theft victimization. "This report was not based on a census survey but rather one that invited confirmed victims of identity theft in 2006 to respond to a series of 44 questions. These ranged from the emotional impact this crime has had on their lives and their ability to recover their good name to the financial loss to the business community in goods and services."


November 07, 2007

2007 Banking Identity Safety Scorecard

Javelin Strategy & Research has announced its 2007 Banking Identity Safety Scorecard, "an annual ranking and study of the top 25 U.S. banks in areas of identity fraud prevention, detection and resolution. This year, financial institutions showed strength in resolution practices, but vulnerability in prevention and detection."


November 02, 2007

Getting to Know Identity Thieves

In an article titled 'Getting to Know Identity Thieves', Washington Post personal finance columnist Michelle Singletary writes about the recent review of actual identity theft cases conducted by the Center for Identity Management and Information Protection. "What I learned from this report was this: You can't trust any business or anybody, even family members."

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