Wendy’s Reaches Data Breach Settlement with Banks
U.S. fast food chain Wendy’s last week announced a $50 million settlement with financial institutions that suffered losses during a data breach that ran from October 2015 through June 2016.
Browsing: Credit cards
Banks Project Tighter Loan Terms, Standards in 2019
Modest net percentages of banks tightened terms and standards for business loans in the previous quarter, with standards for the most part remaining unchanged, according to the Federal Reserve’s latest senior loan officer opinion survey released today.
Credit Card Use Continues to Expand in Third Quarter
Credit card use picked up in the third quarter of 2018, according to ABA’s latest Credit Card Market Monitor released today.
Fed Survey Notes Continued Growth in Noncash Payments
Noncash payments in the U.S. continued to see strong growth in the period between 2016 and 2017, according to an annual supplement to the Federal Reserve’s triennial payments study released today.
Dogs, Debit Cards and Deposits
Podcast Interview with John Hanley
New ABA Endorsement to Help Banks Offer Credit Cards
To enable banks to issue credit cards with their own logo to commercial and retail customers, ABA has endorsed a new agent credit card program offered by ServisFirst Bank.
Easing Continues on Business, Residential Mortgage Loans Amid Softer Demand
In the previous quarter, banks eased terms and standards for business loans, while tightening slightly on commercial real estate loans and easing in most residential mortgage loan categories, according to the Federal Reserve’s latest senior loan officer opinion survey released today.
Fed Survey: Payment Fraud Remains Rare
Payment fraud remains rare, representing small fractions of 1 percent of the total number and the total value of payments, according to the Federal Reserve Payments Study released today.