Globes, an Israeli business news source, reported that PayPal has acquired another Israeli company — this time it’s a cybersecurity firm called CyActive, a startup funded by Jerusalem Venture Partners. Source: http://www.pymnts.com

Who is at fault for the recent spate of fraudulent returns on TurboTax…and who can fight against it?Last month, the Intuit-owned company — one of the most popular tax-filing softwares in the U.S. Source: http://www.pymnts.com

The headlines for Apple have been rough this week, following a report from a researcher at Drop Labs that indicated that fraud is running “rampant” on Apple Pay.Particularly at issue is how cards are provisioned into the the Apple Pay…

Other countries with EMV report jumps in credit card identity theft as high as 400% following rollout. Source: http://www.cutimes.com

ICBA Bancard has allocated nearly $600,000 to support community banks as they navigate the transition to EMV chip-and-PIN cards this year, the wholly owned payment services subsidiary of the Independent Community Bankers of America announced this… Source: http://www.americanbanker.com

Thieves are using stolen credit card data to make bogus purchases on Apple Pay, Apple’s mobile payment system. Source: money.cnn.com

There may already be millions of dollars in losses, but you can’t blame Apple for this one. Source: http://www.darkreading.com

Apple has long touted its digital payment system’s broad list of security measures; now theives are exploiting the middle man Source: http://www.cbsnews.com

Android users who aren’t tempted enough to upgrade to the latest Samsung phone but still wish to swiftly pay through apps like Apple Pay can now do so with Spot.me app and a little help from their iPhone savvy friends. Source:…

Mandatory arbitration can make it difficult for consumers to sue their credit card companies when those companies are at fault. The Consumer Financial Protection Bureau wants to change that. Source: http://www.pymnts.com