Credit Cards

By Jim Daly U.S. credit and debit card issuers will be mailing hundreds of millions of Europay-MasterCard-Visa (EMV) chip cards to their customers this year and next now that the payment card networks’ EMV liability shift looms just eight months away. Estimates about chip card issuance vary, but all involve …

CKE Restaurants Inc., parent of the Hardee’s and Carl’s Jr. fast-food chains, and TGI Fridays Inc. are using Microsoft Corp. technology to speed up the ordering and purchase process in their restaurants, the Redmond, Wash.-based computing giant announced on Monday. Carrollton, Texas-based TGI Fridays is putting 8-inch tablets into the …

In the wake of a barrage of data thefts affecting tens of millions of U.S. citizens, President Barack Obama on Monday proposed national legislation to regulate breach notification. Other legislation proposed by Obama would ban companies from selling student data to other organizations for non-educational uses and from using information …

By Digital Transactions News Staff Bolstered by solid growth in the U.S. and Asia, merchant processor Global Payments Inc. on Thursday reported total revenues of $697.3 million for its second quarter of fiscal 2015 ended Nov. 30, up 10% from $634.1 million a year earlier. Second-quarter net income increased only …

News of a possible card-data breach at chicken-sandwich chain Chick-fil-A caps a year that saw a number of franchised businesses compromised and throws into relief what some experts say is the unique security vulnerability of the franchise business model. Franchised chains, in which so-called owner-operators run stores under a license …

The number of credit and debit cards compromised in data breaches hit 64.4 million in 2014, up 38% from 46.6 million in 2013, according to preliminary figures from the Identity Theft Resource Center, a San Diego-based non-profit that tracks breaches. Some 133 of 2014’s breaches involved payment cards, up 39% …

Two days before Christmas, Google Inc. quietly filed a federal lawsuit against Visa Inc. and MasterCard Inc., alleging the card networks violated antitrust law by setting “supracompetitive” interchange rates from 2004 to 2012. The unusually sparse, three-page suit, filed in U.S. District Court for the Eastern District of Texas, asks …

  Small banks spent $90 million to reissue 7.5 million credit and debit cards in the wake of a payment-card data breach at The Home Depot Inc., says the Independent Community Bankers of America association, which has more than 6,500 member banks. First publicly known in September the Home Depot …

  Consumers looking for a way to transform their credit, debit, and loyalty cards into electronic versions soon will have a new option with the impending shipment of the WocketWallet. Developed by Shelton, Conn.-based Nxt-ID Inc., Wocket enables consumers to scan information from their payment cards, and other commerce cards, …

  United Airlines is equipping more than 23,000 flight attendants with Apple Inc.’s iPhone 6 Plus smart phone to be used as a payment-acceptance device on flights. Distribution of the devices is expected to begin in the second quarter. United says the devices will be able to handle most onboard …