Roughly two years after initially losing, an appeals court breathed new life into 14 credit unions’ hopes to recover some of their losses from an enormous 2008 card data breach.
Appeals judges rule credit unions have negligence claim against processor.
East European suspects, global targets named as part of Gonzalez ring that hit Heartland Payment Systems in 2008.
The Members Group says prevention strategies will be different for every issuer after Global Payments Systems breach.
Prominent security blogger says Visa, MasterCard have begun warning on breach that could involve tens of millions of cards, cites PSCU.
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.