If personnel records of nearly 22 million did indeed land in the hands of China, as widely reported, the threat lies squarely with U.S. Sourced through Scoop.it from: http://www.federaltimes.com

“Your iPhone or Apple Watch must be switched on to use it to travel”, says TfL. Apple Pay finally launched in the UK this week after a successful roll-out across the United States. Sourced through Scoop.it from: http://www.pressexaminer.com

According to “8 FAQs about EMV credit cards” on the site creditcards.com, the traditional magnetic stripe cards use the same data for each transaction, which means that if a customer’s data is stolen when a purchase is made, the data…

Medicare says its computerized fraud prevention system worked like a cybercharm last year, identifying $454 million in problematic payments and generating a financial return for the taxpayer of $10 for every dollar spent. Sourced through Scoop.it from: http://www.ksl.com

Payments companies are trying to fix the massive credit-card fraud problem with these 5 new security protocols … Sourced through Scoop.it from: http://www.youtube.com

Jet.com is looking at taking home the largest pre-launch valuation ever for an eCommerce site. An impressive feat since it has no revenue to speak of yet and years of financial losses ahead of it, according to most experts. Sourced…

A third-party host of online photo sites has found itself hacked, and as a result, photo pages of at least half a dozen of the biggest names in retail have been shut down. Sourced through Scoop.it from: http://www.pymnts.com

In its first major move since its official split from PayPal last week, eCommerce marketplace eBay acquired Twice, an online consignment shop startup, a person with knowledge of the deal told Re/code yesterday (July 20). Sourced through Scoop.it from: http://www.pymnts.com

Coupa is putting its money into a new trend in business travel: so-called “open booking,” in which an employee manages his or her own travel booking and itinerary. Sourced through Scoop.it from: http://www.pymnts.com

Millennials have made the bizarre act of finding true love on a smartphone the norm with the popularity of Tinder, a mobile app that lets users “like” a potential mate simply by the swipe of the thumb. Sourced through Scoop.it…