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NewsBriefs
Following are excerpts from news stories recently posted under Breaking Ruling in Spec's case a setback for First Data
Industry News on our home page. For links to these and other full
news stories, please visit www.greensheet.com/breakingnews. A ruling by Circuit Court Judge Deborah Cook upheld
php?flag=previous_breaking_news. the U.S. District Court of Appeals for the Western District
of Tennessee's decision to hold First Data Corp. liable
for damages stemming from two data breaches at Spec's
Family Partners Ltd., a liquor store chain and First Data
merchant. The unanimous decision by the District Court
found that First Data's decision to freeze millions of
dollars in credit card receivables violated the terms of the
merchant's processing agreement.
Libra, a marriage of social media and payments?
It's a collaboration that could be described as a marriage of
EMVCo publishes EMV SRC Specification v1.0 social media and payments: Libra, a cryptocurrency being
created by Facebook and a team that includes Mastercard,
EMVCo released EMV Secure Remote Commerce Visa and PayPal. But the plan is getting blowback from
Specification v1.0. The specification "provides a lawmakers.
foundation that will enable the processing of ecommerce
transactions in a consistent, streamlined fashion across a Target POS outage sparks interest in data protection
variety of digital channels and devices,” EMVCo wrote
in a statement. Karteek Patel, chair of EMVCo’s Executive Two nationwide POS outages disrupted Father's Day
Committee, said, “The continued growth of global weekend sales at Target Corp. Target CEO Brian Cornell
ecommerce requires reinforcing consumer convenience attempted to minimize the damages in an interview on
and confidence in payments.” CNBC, stating, "Within a couple of hours, our teams
were able to identify the root cause and push the fix to
our stores and get us back up and running." However,
retail analysts have estimated the weekend's down
NOW OFFERING time could mean up to $50 million in lost revenue for
Target.
Venmo an open book for fraudsters
As consumers share more and more information
CRYPTOCURRENCY on social media, security advocates recommend
PROCESSING updating privacy settings on mobile apps and social
media platforms. Failure to do so may expose more
details than most users would want to share. Indeed,
hacktivist Dan Salmon uploaded 7 million Venmo
DISTINGUISH YOURSELF FROM YOUR COMPETITION transactions to GitHub.
Consumer privacy gains congressional support
Cryptocurrency processing, enabled by Electronic Merchant Systems
(EMS), provides you with a unique opportunity to stand out.
Members of the U.S. Congress are reviewing a bill
• Merchants Funded in US Dollars • Help Payments Move Faster designed to stop online platforms from misleading
• Safe & Secure Payments • Minimize the Likelihood of consumers on apps and websites. The Deceptive
Chargeback Fraud Experiences To Online Users Reduction (DETOUR) Act
is aimed at ending “dark patterns,” a term that covers
TARGET MARKETS a variety of practices designed to trick consumers
into handing over their data. If passed, the legislation
• High-End Retailers • Nutraceuticals would enable the FTC to enforce compliance.
• Car Dealerships • Real Estate
• Travel Business • Bail Bonds Ingenico enhances terminals to
• CBD • Gold, Silver, Precious Metal protect consumer environments
• Paraphernalia • Contractors Ingenico Group introduced a line of antimicrobial
• Insurance • Time Share terminals designed to inhibit the spread of infectious
diseases at the POS. The customer-facing Lane/7000
AM smart terminal and portable Moby/M70 AM tablet
POS are injected at the factory with a chemical additive
866.887.8907 | emsagent.com to protect consumer health and extend equipment
lifecycles, the company stated.
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