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21 May 2020, 8:47 am by Kristian Soltes
Mastercard is joining other major card companies in providing a six-month extension on the deadline for upgrading to more secure EMV [read post]
16 Jun 2009, 7:23 am
  Critics have noted that other payment card processors that suffered significant data breaches, such as Heartland Payment Systems, were also listed by VISA as service providers that were compliant with PCI DSS, which is the consolidated industry standard developed by the major payment card companies. [read post]
17 Dec 2021, 11:17 am by Kristian Soltes
The center, in partnership with the Bank for International Settlements (BIS) Innovation Hub, will help the central bank improve the current payments system, Fed Chair Jerome Powell said in remarks prepared for a virtual event on Monday. [read post]
15 Jul 2014, 6:30 am by Michael B. Stack
Stack, CPA, Principal, Amaxx Risk Solutions, Inc. is an expert in employer communication systems and part of the Amaxx team helping companies reduce their workers compensation costs by 20% to 50%. [read post]
18 Jun 2021, 8:16 am by Kristian Soltes
But while consumers benefit from the convenience and better security of digital wallets, the trend is also raising concerns over Apple and Google’s market power. . . . [read post]
2 Apr 2020, 4:14 pm by John Jascob
The Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748) includes provisions on a variety of topics that can touch upon securities markets, including executive compensation limits and restrictions on share buybacks and the payment of dividends. [read post]
28 Feb 2018, 3:58 pm by Samuel J. Tunheim
Earlier this week, the Federal Trade Commission (“FTC”) announced a settlement with PayPal, Inc. over allegations that Venmo, a PayPal-owned mobile payment and social networking application, misled customers on issues relating to account transfers and privacy settings and enabled fraud through inadequate security practices. [read post]
5 Jul 2023, 6:00 am by Written on behalf of Peter McSherry
Information Systems Architects Inc., where the Court held that: “A duty to mitigate arises when a contract is breached, including contracts with independent contractors. [read post]
5 Jul 2023, 6:00 am by Written on behalf of Peter McSherry
Information Systems Architects Inc., where the Court held that: “A duty to mitigate arises when a contract is breached, including contracts with independent contractors. [read post]
6 Mar 2015, 7:05 am by D. Daxton White
American Eagle Energy’s first-lien bonds, which are secured by its assets, fell 10.25 cents to 31.75 cents on the dollar at 4:23 p.m. in New York, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. [read post]
19 Jul 2012, 11:53 am by James Hamilton
  The authority to designate financial market utilities is an important component of  the Dodd-Frank Act and is one of a number of tools now available to constrain risk and help protect against future financial crises.The designated financial market utilities are: The Clearing House Payments Company, L.L.C., on the basis of its role as operator of the Clearing House Interbank Payments System; CLS Bank International; Chicago Mercantile Exchange, Inc.;… [read post]
29 Sep 2014, 10:45 am by Lyle Denniston
The settlement, not yet approved by the trial judge, would result in a payment of $340 million by several of the underwriting firms. [read post]
23 Apr 2012, 10:00 pm by Nietzer
Download the SEC’s civil complaint against RAE Systems Inc. here. [read post]
30 Dec 2014, 12:03 pm by John Jascob
Second, the certificates were “in two or more securities,” because (1) the mortgage loans were securities; (2) each trust held hundreds or thousands of loans; and (3) the security‐like attributes of each tranche were merely attributes of the certificates themselves. [read post]
18 Mar 2022, 8:56 am by Zak Gowen
In one example, as reported this week, Korean telecommunication regulators banned Apple Inc., Alphabet’s Google and other app store operators from forcing software developers to use their payments systems. . . . [read post]