CUNA, NAFCU and bank trade associations fire off a letter to leaders on Capitol Hill countering what they say are false retailer claims about data breaches.
Add Apple to the list of potential new players in the payments market.
More than 1 million cards may have been compromised in the last year, the high-end retailer said.
The National Retail Federation has filed its expected appeal of the court decision that locked in a settlement of long-standing retailer complaints about credit card interchange.
Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.
Credit unions that informed members and replaced cards early are reporting few to no losses.
While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.
Electronics Payment Coalition counters NRF and other appealing firms don't represent most retailers.
The breach, which reportedly involved the theft of mag stripe data, will have a significant impact on credit unions and members.
As EMV heads to U.S., some predict skimming frenzy while the fraud lasts.