Tag Archives: debit cards

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 a major data breach that ran for up to several months in which cyber criminals infected card terminals with malware to steal debit and credit card data.

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ABA, Trades Support Durbin Repeal

ABA and several other trade groups wrote to House leaders yesterday in support of H.R. 5496, introduced by Rep. Randy Neugebauer (R-Texas) to repeal the interchange fee price controls imposed by the Durbin amendment.

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Visa Offers Free Tech to Speed Up Chip Card Readers

Visa today announced the launch of Quick Chip for EMV, a technology enhancement designed to speed up EMV card authorizations to two seconds or less and allow shoppers to dip and withdraw their cards instantly -- just as they do with magstripe cards.

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CardHub: Retailers Lag in EMV Adoption

Six months after the EMV card fraud liability shift, more than four in 10 retailers have not updated terminals in any of their stores, and an additional quarter of retailers have completed updates of less than half of their terminals, according to a survey by the website CardHub.

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ABA Shares Reg Relief Ideas in Final EGRPRA Letter

ABA today filed its fourth and final comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct. The letter addressed several issues that ABA identified through collaboration with banks of all sizes and from across the country.

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