Convenience store chain Sheetz has inked a deal with First Bankcard to offer its first private label credit card. Sheetz has more than 500 locations in the mid-Atlantic region. First Bankcard is a division of First National Bank of Omaha.
Terbium Labs, a security software company that proactively searches for stolen data on the Dark Web using a patented, privacy-protected, data fingerprinting technique, is using the MapR Distribution as the big data platform for Matchlight, a first-of-its-kind data intelligence system.
A new report suggests co-branded credit cards last year generated 31% of general purpose credit card purchase volume, or $809 billion among Visa, MasterCard, Discover and American Express branded credit and charge cards. Roughly 43% of U.S. adult consumers own at least one co-branded or affinity credit card.
New research reveals account takeover fraud, in which fraudsters steal an established account with personally identifiable information (PII) attached to it, continues to beat credit card fraud. Account creation fraud has increased by more than 100% since February 2015.