A federal judge has dismissed most of the complaints financial institutions, including credit unions, brought against Heartland Payment Systems for its January 2009 card data breach.
Judge gives plaintiffs until Dec. 23 to re-present some of the claims from the 2009 data breach.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
The issue of revenue that banks and credit unions make from transactions on their debit cards moved from the obscure corners of the financial services industry into the national spotlight last week as the Federal Reserve's debit interchange cap came into effect.
Retailers received $1.7M in interchange fee savings from just one processor over three days.
WASHINGTON — Visa 2011 Global Security Summit panel says organization was extraordinary, but Gonzales not a "premier hacker" himself.
Credit unions responding to NAFCU's August Flash survey reported that merchants were the leading source of the credit and debit card fraud attempts they were seeing.
Credit unions responding to NAFCU's monthly Flash survey reported that merchants were the leading source of credit and debit card fraud attempts.
Credit union MasterCard issuers will likely be among the financial institutions that will share in a settlement between Heartland Payment Systems and MasterCard over the firm's 2008 data security breach.
Heartland Payment Systems, the company that suffered a 2008 card security breach that cost card issuers, including credit unions, hundreds of millions of dollars made money in the first quarter of 2010, according to the company.