June 5, 2019

Laboratory Corp. of America Holdings, a medical lab that operates under the LabCorp name, said it was the victim of a massive data breach involving the same collection agency that was involved in the recent breach involving rival, Quest Diagnostics, according to a regulatory filing.

LabCorp, in a filing with the Securities and Exchange Commission, said that up to 7.7 million LabCorp customers had their data stored in the American Medical Collection Agency system. That agency informed LabCorp about unauthorized activity on the company’s web page between Aug. 1, 2018 and March 30, 2019.

The compromised data may include names, addresses, phone numbers, dates of service, provider names and balance information. In certain cases credit card numbers or checking account information may have also been exposed, according to the filing. Medical results were not revealed. The filing said that social security numbers and insurance information is not stored in the system.

LabCorp said it takes the incident seriously, has suspended any work with AMCA and is continuing to investigate the matter. A list of the impacted 200,000 consumers has not yet been provided by AMCA.

AMCA informed LabCorp that more than 200,000 customers, whose credit card or bank account numbers were possibly exposed are being notified. AMCA plans to offer 24 months of identity protection and credit monitoring services.

Topics: Mobile Payments, Security

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June 5, 2019

Visa and Western Union announced a cross-border payments alliance, which will allow consumers and businesses to make faster payments through the Visa Direct push payments platform between hundreds of international markets.

Once the platform goes live, Western Union will be able to offer customers a more direct and transparent money transfer experience that will load funds directly onto payment cards, according to a release from the companies.

"Western Union has the largest money transfer retail network and this agreement represents a key milestone for our account payout network, combining the best of Visa and Western Union's cross-border capabilities to enable a world-class payments platform," Jean Claude Farah, executive vice president, Western Union, said in a company release.

"Together Visa Direct and Western Union are collaborating with plans to scale real-time cross-border payments to businesses and consumers in more than 200 countries and territories in more than 130 currencies," Bill Sheley, global head of push payments at Visa, said in the release.

The Visa Direct technology enables payments to be completed any time of day, seven days a week and funds are available within 30 minutes, according to information on the Visa Direct site. The system supports P2P funds transfers, cross-border payments, bill payments and business disbursements, like employee payroll, contractor and vendor payments, insurance payouts, loans and other corporate payments.

Topics: Card Brands, In-App Payments, Mobile Payments, Money Transfer / P2P, Transaction Processing

Companies: Visa, Western Union

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June 5, 2019

Lucid Sight, a blockchain gaming company, has announced it has partnered with CBS Interactive to add Star Trek ships to CBS's space game Crypto Space Commander later in 2019. Players use their ships to mine, harvest and craft items which are then secured on the Ethereum blockchain, according to a report by Venture Beats.

Lucid Sight will introduce the Star Trek ships such as the U.S.S. Enterprise as limited-time-offers for customers to purchase, according to the report.

"Star Trek inspired me at a young age to pursue a career in technology, it is such a privilege to get the chance to bring Star Trek into a new frontier with the first blockchain U.S.S. Enterprise," Fazri Zubair, chief technology officer, said in the report.

Topics: Bitcoin

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June 4, 2019

Axel, a blockchain startup, has launched its Wallet on its blockchain powered Axel Network. The wallet will offer full cryptocurrency functionality, multi-signature capabilities and Masternode Staking for the Axel.Network, according to a press release. Users can send and share digital assets on their Wallets, and the company plans to integrate media selling directly into the Wallets.

The Axel Network uses Masternode technology to offer decentralized computing. The Wallets themselves use Axel's proprietary secure, organize, authenticate and protect process to ensure real data such as warranties, software license, contracts and other information is linked to transactions. This also ensures that digital assets and data on the network are immutable, according to the release.

"People often think of Blockchain as a faraway concept, but in reality it's a formidable technology with real world use cases, and Axel Wallet illustrates just how it can be a part of one's everyday life," Ben Ow, president and CTO of Axel, said in the release. "We keep building solutions that provide a better and more secure way for users to manage data everyday. We are excited to be at the forefront once again, with the launch of AXEL Wallet on our Axel.Network platform."

Topics: Bitcoin, Mobile/Digital Wallet

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