BAFT Publishes FATF Guidance for Wire Transfers
BAFT -- ABA’s global transaction banking subsidiary -- today released guidance and best practices related to the Financial Action Task...
Payments
DoJ Official Calls for National Breach Notification Standard
John Carlin, assistant attorney general for national security, today called for a federal-level law setting notification requirements after consumer data...
Data Theft Damages: Who Pays?
When it comes to data breaches, the hack of the archaic Myspace—the failed social media platform that was rendered obsolete...
Survey: Despite Card Fraud, Consumers Satisfied with Resolution
While nearly half of U.S. consumers believe they will experience credit or debit card fraud in the next five years...
Credit Card Market Expands in First Quarter
New credit card accounts rose 13 percent year-on-year in the first quarter of 2016 to total 83.5 million, according to...
Boston Fed: Target Breach Triggered No Change in Debit Card Use
Following the Target data breach of 40 million credit and debit card accounts in late 2013, there was little to...
Card-Linked Rewards Give Banks a Competitive Edge
Banks find synergies in promoting local merchants, delighting their customers and boosting debit card profitability.
Gallup: Most Expect Cashless Economy in Lifetime
Most American adults -- 62 percent -- say it is likely or very likely that the U.S. economy will be...
Weekly Infobyte: Trend Toward Better Credit Card Decisions Continues
The share of Americans making costly credit card decisions continues to decline.
Wendy’s Confirms Data Breach at More than 1,000 Locations
The fast-food chain Wendy’s yesterday confirmed that 1,025 locations -- nearly 20 percent of U.S. stores -- were part of...
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