Target Chief Financial Officer John Mulligan, in testimony before the Senate Committee on the Judiciary in Washington, D.C., announced that the company will be accelerating its implementation of smart card technology designed to dramatically reduce the threat of credit and debit card fraud among guests shopping in its stores. Mulligan appeared on behalf of Target
Visa Inc. has announced plans to provide companies a simplified way to pay by Visa through their Visa Commercial issuer using the SAP Financial Services Network. The new payment solution is expected to help corporations more easily automate and process their invoice payments without the need for significant investment in custom software, and is planned
Hagens Berman Sobol Shapiro LLP, a consumer-rights law firm, has announced it is investigating a network breach resulting in loss of customer data at Michaels Stores, following the craft-supply chain’s announcement that attackers may have breached its systems, despite warnings of network vulnerability from a noted security expert. The consumer data breach involves the store’s
Ghana Interbank Payment and Settlement Systems (GhIPSS) has urged banks to issue more proprietary ‘local’ ATM cards to their customers. Historically most banks in Ghana would issue international cards, which had wider footprints than local options, but the introduction of the new national switch, gh-link, is set to change that. Gh-link is a new service
American Express OPEN has announced the launch of the Enhanced SimplyCash Business Credit Card, a small business card that gives entrepreneurs the flexibility to choose 3% cash back in one of seven business-related expense categories. In addition, the Card will continue to give small business owners: 5% cash back at U.S. office supply stores and on wireless
ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, announced that the student prepaid cards program at Chase Bank, Kenya has been launched on the electra platform. ECS is the technology and processing partner for the program and leverages its PA-DSS certified electraPREPAID platform to provide a seamless, safe
Hagens Berman Sobol Shapiro LLP, a consumer-rights law firm, has announced it is investigating a breach of customer data at Neiman Marcus stores following the chain’s disclosure on January 13, 2014, that its Point of Sale (POS) system and more than 1.1 million debit and credit cards may have been compromised. The company disclosed that
TSYS has announced plans to release TSYS Authorization Controls — a new product that enables credit and debit cardholders to turn their account “on” or “off” from any user interface. This innovative product can be integrated with existing mobile and other online customer service tools, and will help financial institutions empower their consumers to manage
Ecobank Transnational Inc. and MasterCard, have announced a multi-country licensing agreement which will provide access to MasterCard’s electronic payments solutions for Ecobank’s customers in a further 23 African countries. The agreement is the culmination of a Memorandum of Understanding (“MOU”) originally signed in November 2011, and importantly, enables electronic payments access to more than 60%
The American National Association of Social Workers (NASW) and Commerce Bank have come together to offer NASW members a Visa rewards credit card. The card offers reward points with unlimited earnings, as well as no annual fee. Cardholders can redeem points for statement credit, gift cards, merchandise, or travel. Additional features and benefits include $100,000 travel
