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29 Mar 2024, 6:00 am by Michelle
Blaine Luetkemeyer (R-MO) has introduced the Secure Payments Act (H.R. 7531), which aims to stop finalization of the Federal Reserve’s proposed debit interchange proposal, which credit unions oppose. [read post]
22 Jul 2022, 8:55 am by Zak Gowen
Paul Business Journal – July 18, 2022 Sezzle Inc., the Minneapolis-based fintech business, has sued GameStop Corp., claiming the video game retailer breached a financial contract when it dropped Sezzle’s payment services. [read post]
6 Aug 2007, 9:20 am
  The articles indicate that the payments were made to ensure the security of employees in Colombia. [read post]
15 Oct 2021, 9:17 am by Kristian Soltes
The Payment Systems Regulator has overseen the sector since 2015, while the Financial Conduct Authority is responsible for the day-to-day supervision of payment services and e-money firms. . . . [read post]
7 Apr 2022, 3:17 pm by Zak Gowen
Shopify Sued by Crypto Holders Over 2020 Data BreachLaw360 – April 4, 2022 (subscription required) Cryptocurrency users in four states have sued e-commerce venture Shopify Inc. and outsourcing company TaskUs Inc. in Delaware federal court, saying in a class suit that a 2020 security breach exposed users of the company’s Ledger “hardware wallets” to hacking and crypto theft. [read post]
1 May 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]
22 Sep 2023, 6:54 am by Zak Gowen
Shielding the payments ecosystem from being exposed to vulnerabilities generated by advancements in technologies and lax data governance are Payment Card Industry Data Security Standards (PCI DSS). [read post]
18 May 2010, 7:23 am by admin
A settlement agreement to end some seventeen consumer class actions related to a massive payment card data breach by Heartland Payment Systems Inc. was preliminarily approved by… Read this entire article for free, simply activate your free 15 day trial access to Privacy & Security Law Report now. [read post]
4 Mar 2021, 9:30 am by Kristian Soltes
Payments Canada is in the midst of a multi-year, multi-system payments modernisation initiative. [read post]
31 Jul 2019, 7:02 am by Kristian Soltes
Mastercard’s Transaction Volume Jumps 18%; Secure Remote Commerce and Contactless Payments GainDigital Transactions News – July 30, 2019 (click here for Mastercard Earnings Call transcript) Mastercard Inc. saw strong growth in its core business in the second quarter, a time when the network continued its push for contactless cards and development of the new Secure Remote Commerce system for online payments. [read post]
12 Nov 2020, 7:24 am by Kristian Soltes
Revolut, meanwhile, is seeking an e-money license with Ireland’s central bank in addition to a license in Lithuania, which it secured in 2018. [read post]
29 Oct 2021, 9:01 am by Kristian Soltes
It has jurisdiction over laws affecting banks, credit unions, savings associations, securities firms, insurance companies and other entities that participate in the country’s financial system. . . . [read post]
5 Nov 2020, 7:35 am by Kristian Soltes
’s V 2.65% $5.3 billion deal to acquire Plaid Inc., a key player in the financial-technology space. [read post]
22 Dec 2023, 6:00 am by Michelle
When Apple Inc. was preparing to introduce its Apple Pay feature on the iPhone in 2014, Visa Inc. and Mastercard Inc. worried it would drive down the “lucrative” fees they charge merchants who use their point-of-sale transaction payment networks, but instead of competing, Apple and the credit card companies reached a mutually beneficial anti-competitive agreement, according to the complaint filed by Mirage Wine & Spirits Inc. . . . [read post]
22 Sep 2020, 5:59 am by Bob Ambrogi
Strong security, with SHA-256 data encryption, cloud-based hosting, and tokenized payments. [read post]
15 Oct 2021, 9:17 am by Kristian Soltes
The Payment Systems Regulator has overseen the sector since 2015, while the Financial Conduct Authority is responsible for the day-to-day supervision of payment services and e-money firms. . . . [read post]
10 Nov 2023, 6:00 am by Michelle
  Apple won’t allow users to pay for the subscriptions through third-party payment systems, yet charges a 30% commission in the Netherlands to use its own Apple Pay system, according to the Bloomberg report. [read post]
12 Jun 2019, 6:38 am by Kristian Soltes
Securities and Exchange Commission’s (the “SEC”) recently filed complaint against Kik Interactive Inc. [read post]