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March 1, 2016 by Julie Conroy

With 477 million records breached in 2015 alone, exposure to identity theft and payment card fraud is very much on the mind of many consumers. I’ve been receiving a lot of questions from friends, family, and colleagues over the past few weeks, and I’ve also had to deal with the fallout from criminals getting their hands on my own identity, so it seems like a good time for a blog.

First, it’s important to understand that there is a big difference between a payment card compromise and a compromised identity. Payment card compromises are a nuisance to be sure, but the impact is relatively minor compared to a true identity theft. To protect yourself against unauthorized payment card use, here are some tips:   

February 29, 2016 by Samantha K. Chow

Insurance carriers have been collecting data and information since the Stone Age, it seems. The amount of data they have on their current and past policyholders as well as consumers that have inquired yet never purchased is far more extensive than that of any other industry. But what are they doing with the data?

February 25, 2016 by Christine Barry

According to the Small Business Administration, the value of small-business loans outstanding in the United States is about US$600 billion. This large number, coupled with small businesses’ growing need for credit to start and run their businesses, makes this space an attractive one not only for financial institutions but also for the growing number of alternative lenders popping up and posing a threat to traditional ways of evaluating and originating credit.

February 24, 2016 by Christine Pratt

Two recent articles—one in Reuters and the other in PYMNTS—tell a distressing tale of just one of China’s person-to-person lenders’ fraud schemes that in 2015 wiped out the investments of 900,000 individuals for a total of US$7.6 billion. The P2P lender (Ezubao) admitted to fabricating projects so that investors, seduced by clever branding and television advertising, handed over all those billions in just two years.

February 22, 2016 by Julie Conroy

Paybefore recently announced its 2016 prepaid awards, which highlight a number of great innovations in the prepaid space. While the prepaid space has faced regulatory headwinds over the past year, merchant and consumer interest in the product offerings continue to grow. Here are a few of the standouts that caught my eye. These bring solutions to very real problems (unlike the erstwhile Kardashian card and its ilk, which are the types of offerings that draw regulator attention to the prepaid space for all the wrong reasons).

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