Staples says the breach that occurred this past summer affected 1.16 million credit and debit cards. Staples’ data security experts detected that criminals deployed malware to some point-of-sale systems at 115 of its more than 1,400 U.S. retail stores.
AZ-based 5th Dimension Logistics has added the Card Account Updater feature to its 5th Dimension Payment Gateway. The Account Updater enables merchants to automatically retrieve updated credit card information when consumer’s cards expire while subscribed to a recurring billing plan.
The latest American Express Spending & Saving Tracker finds
more than three in four Americans find re-gifting socially acceptable. Also, the day after Christmas is becoming a more popular day to hit the stores than Black Friday.
Ticketmaster is supporting Apple Pay with the latest update to its iOS app. Ticketmaster fans will be able to make quick, convenient and secure purchases using Apple Pay with Touch ID, making shopping easier than ever.
Cloud-based technology provider ShopKeep is integrating the email marketing platform MailChimp. The integration allows ShopKeep merchants to engage with their most loyal customers through customized email messages based on insights into their purchase behavior.
Montreal-based Pivotal Payments has inked a five-year agreement with Breeders’ Cup Limited, which administers the Breeders’ Cup World Championships, Thoroughbred racing’s premier international event.
Atlanta-based MobileRecharge.com has launched MobileRecharge, an app for iOS and Android devices. The app is free to download on App Store and Google Play.
Visa is expected to gain another 10 basis points (bps) in marketshare in the fourth quarter. At the end of Q3/14, VS remained the U.S. giant with a 58.9% market share, compared to 26.1% for MC, 13.3% for AX and 2.5% for DS, according to CardData.
During the ongoing EMV rollout, card issuers are particularly vulnerable to account takeover fraud because crooks already know there will be an abundance of reissued cards in the mail as a result of EMV technology conversion. Additionally, the costs associated with returned mail may be significant for card issuers.
International (excluding the USA) Gross Dollar Volume (GDV) for Visa (VS) and MasterCard (MC) debit cards will likely top a record $1 trillion for the four quarter. During Q3/14 VS and MC produced $962 billion in international debit card GDV, compared to $932 billion in the prior quarter and $874 billion one-year ago.
Community banks reissued nearly 7.5 million credit and debit cards at a total reissuance cost of more than $90 million as a result of the Home Depot data breach.
Not everyone is going to get their hands on an iPhone 6 any time soon and many mobile contracts last 24 months. But, older iPhones can be NFC-enabled with the iPhone 6’s Apple Pay capabilities.