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With their merger expected to close in January 2018, Vantiv Inc. and Worldpay Group stated they had confirmed key executive roles and designated Cincinnati as the new company's global and corporate headquarters. London, where Worldpay is based, will become the international headquarters for the company, which will use the name Worldpay Inc.
A cache of stolen credentials is being sold on the Dark Web. 4iQ made the discovery Dec. 5, 2017, during a routine investigation of an underground community forum. 4iQ investigators found the database of 1.4 billion stolen logins, displayed in clear text, organized alphabetically and optimized for search.
Add credit card processing for illegal gambling and pornography businesses, a service that is prohibited under U.S. law, to the list of potential crimes for which FBME Bank Ltd. is being investigated by the FBI and U.S. prosecutors in Brooklyn, N.Y. This is according to Bloomberg, which reported on the development on Dec. 16, 2017.
A Manhattan federal judge dismissed a lawsuit filed in May by the New York Department of Financial Services challenging the U.S. Comptroller of the Currency's proposal to grant national bank charters to fintech companies. The judge dismissed the case as premature since the OCC had not reached a final decision, and any purported harm would be speculative.
TSYS revealed plans to acquire Cayan LLC. The all-cash transaction, valued at approximately $1.05 billion, was approved by TSYS' Board of Directors. TSYS executives expect the merger to improve the company's capabilities, market reach and top-line revenue. They shared details in a Dec. 17, 2017, conference call.
Researchers at UpGuard Inc. confirmed that a cloud-based data repository containing data managed by data analytics firm Alteryx Inc. publicly exposed sensitive personal information on 123 million U.S. households. UpGuard discovered the leak on Oct. 6, 2017.
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