The United Services Automobile Association won a patent infringement claim against Wells Fargo Bank for using USAA's patented mobile remote deposit capture technology. The decision, which is expected to be appealed, throws into question whether other banks and credit unions offering mobile RDC could be on the hook with USAA, too.
Two new reports suggest many companies are in precarious positions when it comes to securing data. Ponemon Institute reveals an upward trend in cybersecurity threats posed by insiders. And Authentic8 uncovers a disconnect between key compliance and data protection stakeholders.
New York City affirmed consumers' right to choose cash as a payment option when they shop at stores and restaurants. The Prohibiting food stores and retail establishments from refusing to accept payment in cash initiative won a 43-to-3 vote by New York City Council on Jan. 23.
Ingenico Group is being acquired by rival Worldline. The combination of French technology firms is set to create one of the largest payment services providers in Europe. The transaction, valued at $8.6 billion, has been approved by both companies' boards of directors, and pending regulatory approvals, is expected to close in July.
A new decade of regional conferences began with the Northeast Acquirers Association's 35th annual conference, the payments industry's longest-running regional event. Held in Boston on Feb. 5 and 6, the show provided approximately 500 attendees, exhibitors, sponsors and speakers with a diverse mix of educational sessions, panel discussions, exhibits and networking opportunities. 
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