Friday , October 18, 2024

Peter Lucas

New SEC Rule Ups the Ante on Data Breach Disclosures

With the Securities and Exchange Commission mandating public companies victimized by a cyberbreach publicly disclose the breach, businesses need to be more diligent in keeping out cybercriminals, as disclosure of such information can subject them to greater scrutiny and potential liability. The rule, which the SEC passed in July, requires …

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Fiserv’s Open Banking Move with Akoya Eases Secure Credential Sharing

Fiserv Inc. is working with data aggregator Akoya LLC to enable consumers to share their financial data with fintech and third-parties with which they do business in a way that doesn’t expose a consumer’s full banking credentials. The partnership will provide Fiserv with access to consumer data from Akoya’s network …

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Gen Zers Lead the Charge as Canadians Embrace Mobile Debit Transactions

In-store debit card payments made using mobile devices in Canada surged 53% during the 12-month period ended July 31, compared to the same period a year earlier, according to Interac Corp., Canada’s national debit network. In addition, e-commerce transactions made using a mobile device increased 17% year-over-year during the same …

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New Jersey Limits Card Surcharging to Merchants’ Processing Fees

New Jersey has implemented a law that prohibits merchants in the state from profiting from credit card surcharging and requires merchants to clearly disclose any surcharges to consumers. The law, which was passed by the New Jersey legislature in June and went into effect immediately upon New Jersey Governor Phil …

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Adyen Launches Pay By Link Through a Partnership With Teamwork Commerce

Teamwork Commerce, a provider of retail-management software, has partnered with Adyen NV to launch Pay by Link, a financial technology platform that enables consumers to pay using a secure URL link provided by the retailer. With Pay by Link, consumers pay using their preferred payment option through a secure link …

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Presto Counts 13 QSR Franchisee Groups Using Its AI-Based Ordering System

Presto Automation Inc., a provider of artificial intelligence-based voice-ordering systems for quick service restaurants with drive-through windows, announced it now has deals with 13 QSR franchise groups that own and operate more than 500 locations nationwide. All 13 groups have committed to begin deploying Presto Voice, Presto’s Presto’s in-house, proprietary …

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As Consumer Credit Card Debt Rises, Satisfaction With Card Rewards Declines

As consumers take on increasing amounts of credit card debt, their satisfaction with credit card rewards and loyalty programs is eroding. That’s according to a report released Thursday by J.D. Power. The decline in satisfaction is being driven by consumers’ perception of the rewards earned per dollar spent, especially among …

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Baywood Hotels Adds Digital Tipping Capabilities for Its Guests

Baywood Hotels Inc. is making eTip’s cashless mobile-tipping technology available across its entire portfolio of properties, which include Hilton, Marriott, IHG, and Choice hotels. ETip enables consumers to digitally tip hotel workers by scanning a QR code with their mobile phone. That opens the eTip app directly in their phone’s …

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PayNearMe Reaches 60,000+ Locations Overall With a Deal to Add Dollar General

PayNearMe Inc. has added discount-retailer Dollar General and its 19,000 stores to its merchant network. The deal will enable Dollar General customers to pay bills using digitized cash at the checkout counter. The addition of Dollar General, which operates stores in 47 states, brings PayNearMe’s merchant network to more than …

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Interac Enables Toronto Residents to Make Contactless Transit Fare Payments

Interac, Canada’s national debit network, has partnered with the Toronto Transit Commission, Canada’s largest transit agency, to make contactless payments available across the transit system. Beginning Aug. 15, riders will be able to pay for fares at TTC  turnstiles, on buses and street cars, and at Wheel-Trans, Toronto’s transit service …

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Digital Transactions