The breach, which reportedly involved the theft of mag stripe data, will have a significant impact on credit unions and members.
The Nilson Report, a noted payments industry newsletter, reported Nov. 11 that debit cards lost purchase volume and transaction ground to credit cards in 2012.
Trend reversal occurred in 2012, according to the Nilson Report.
New Jersey launch could indicate market disruption to come.
Heartland Payment Systems, the fifth largest U.S. payments processor, launched a decoupled debit card aimed at a local market that could become a significantly disruptive force in similar markets nationwide.
Organization says it has raised about $3,500 toward goal of nearly $1 million.
Group continues with plans to begin operations with debit cards.
In briefs filed August 28, all parties to a recent decision overturning the Federal Reserve’s debit interchange regulation urged U.S. District Court Judge Richard Leon to leave it in place until further appeals of his July 31 decision are exhausted.
Federal Reserve brief details its arguments in seeking stay of judge's rejection of much of interchange rules.
Briefs filed this week lay out positions, including merchant coalition that banks and card brands would hike interchange while case moves forward.