Swift awarded ESMIG network service provider status
Swift will be supporting its customers through their Target consolidation projects and the migration to ESMIG.
Target
Security Roundup: Fiserv, Intellicheck, InAuth
Retailer Target recently agreed to pay $18.5 million as part of a settlement with 47 states and the District of Columbia that stems from 2013 data breach. The news is a stark reminder of how costly and prolonged the process of recovering from a breach can be, which is why security continues to be at the forefront of payments news with three companies making significant announcements this week.
Target to Pay $18.5 Million to States in Data Breach Settlement
Target Corp. has agreed to pay $18.5 million in a settlement with 47 states and the District of Columbia that stems from a November 2013 data breach of the Minneapolis-based retailer. The breach affected more than 41 million customer payment card accounts and exposed contact information for more than 60 million customers.
SCOTUS Won’t Revive Settlement in Interchange Case
A legal battle between merchants and payment networks over interchange fees that has been raging for more than a decade will continue now that the Supreme Court has declined to restore a $5.7 billion settlement agreement that was tossed out by a lower court.
Study: Big Box Stores, Plastic Cards Dominate in Loyalty, Corporate Rewards
In a sign that many consumers use gift cards to purchase everyday household items, big box retailers continue to lead loyalty points and rewards redemptions in the U.S., according to a new study from the National Gift Card Corp. (NGC).
8th Circuit Tells Lower Court to Take another Look at Target Data Breach Settlement
The case creates new issues surrounding standing and how to resolve and settle class action claims in the context of privacy and data protection suits, where some members of a group have not suffered concrete harm and thus may not be able to meet the concrete and particularized injury prong of the test for standing.
House of Lords committee says UK #digital pound is “solution in search of a problem” The case for a ‘digital pound… twitter.com/i/web/status/1…
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E-commerce one-click checkout #fintech @Bolt raises $355m in Series E Bolt is now worth 30 times more than it did… twitter.com/i/web/status/1…
.@trulioo hires product veteran Michael Ramsbacker as its first chief product officer Ramsbacker will be developin… twitter.com/i/web/status/1…
#Analysis: If we truly value diversity, #fintech needs to do much more For all its forward-thinking and future-pro… twitter.com/i/web/status/1…
Retail finance platform @divido appoints Todd Latham as CEO Latham will join Divido on 11 April and Neha Mittal, w… twitter.com/i/web/status/1…
.@USDFConsortium launches to develop and promote bank-minted stablecoin A consortium of US financial institutions… twitter.com/i/web/status/1…
Sustainable energy platform @InnoEnergyEU gains first financial institution shareholder, @ING_news “The investmen… twitter.com/i/web/status/1…