MasterCard and Visa confirm the new policy with the California and Nevada Credit Union Leagues.
Compensation for data breach losses sought by 37 credit unions, 16 state leagues, 11 banks and CUNA.
Financial institutions’ loss in court could intensify the fight to force retailers to shoulder more data breach costs.
Credit unions have until May 27 to decide their role in the Home Depot data breach class-action lawsuit.
Of the 250 issuers that have Apple Pay agreements, approximately 155 are credit unions.
Retailer reports at least 57 civil suits to the SEC.
No relief from card fraud risk until majority of consumers begin using EMV-equipped cards.
CUNA and retail association swap charges about who is to blame for low payment security.
What credit unions can do to alleviate consumers' breach fatigue.
Cops say fraud at $268M American 1 CU connected to The Home Depot breach and blame CU for not reissuing new cards.