A retail trade group would like the payment industry to slow its roll regarding shifting fraud liability from banks to merchants. The Food Marketing Insitute (FMI) — a group which represents thousands of retail food stores and pharmacies — has asked Visa Inc., MasterCard Inc.,...
The war of words over whether the U.S. federal government should beef up regulation of retailers’ data security got another salvo from a credit-union organization last week, in a letter telling congressional leaders that retailers should be regulated like financial institutions. “Congress must act to...
The retail data breach at Target cost U.S. credit unions an estimated $30 million. The National Association of Federal Credit Unions released the estimate this week, Finextra reported on Feb. 11. “Credit unions are being hit by a double whammy in terms of numbers of...
April 29, 2015
The major breaches that happened at Target in 2013, or Home Depot in 2014, have spurred a strong alliance between the small banks and credit unions who’ve joined together to make their case for recovering hundreds of millions of dollars of losses that occurred from those breaches, The Wall Street Journal reported. The smaller financial […]
April 06, 2015
A retail trade group would like the payment industry to slow its roll regarding shifting fraud liability from banks to merchants. The Food Marketing Insitute (FMI) — a group which...
April 06, 2015
The war of words over whether the U.S. federal government should beef up regulation of retailers’ data security got another salvo from a credit-union organization last week, in a letter...