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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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