In what may be one of a few legal battles regarding financial liabilities of data breaches, the United States District Court ruled that supermarket chain Schnuck Markets is only liable for the first $500,000 in damages resulted from a series of data hacks between 2012...
The Securities and Exchange Commission has charged ex-Capital One analysts Bonan and Nan Huang with insider trading after it was found that they were using the company’s consumer database to predict stock prices from retail sales data, according to a formal litigation release from Jan 22. Get...
Responding to company reports that contactless and digital payments have grown in 2014, especially in Europe, Visa Europe on Jan. 29 formally announced a plan to invest an additional 200 million euro into developing its digital payment technology, which had been suggested as early as...
Bitcoin’s economics are inherently flawed and it isn’t mature enough for mass adoption, according to Greg Baxter, Citi’s head of digital strategy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A war of words between the Chinese commerce ministry and Alibaba may now be cooling down after several days of heated rhetoric that has seen accusations, threats and personal attacks, after a government report last week criticized Alibaba’s Taobao, China’s largest online marketplace, for the...
Congressional lawmakers from both parties said they were optimistic that they can pass federal data-breach notification legislation after a hearing on Tuesday (Jam. 27), The Hill reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The payments world was literally sitting on pins and needles waiting for the Fed to disclose more specifics on its 18-month study about how to deliver “faster payments” here in the U.S. This anxiety was created after the Fed floated its preliminary report last year...
Bitcoin services provider Coinbase launched a U.S. exchange on Monday that is already approved by regulators in 24 jurisdictions, including California and New York, the company said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Merchant Advisory Group has uncovered a serious imbalance between what debit card issuers and merchants are paying per transaction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
