Black Friday kicked off shopping spree also helped along by weather, First Data says.
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.
The prospect of renewed Congressional budget fights helped undercut consumer spending last month, according to a report from First Data.
The future of digital wallets is uncertain and the earlier predictions of quick market adoption may have been proven wrong, according to some experts and credit unions using the technology.
This preview from our Aug. 21 print edition provides an in-depth update on the vagaries of the digital wallet market.
Consumers in July kept their wallets and pockets open, even as a gasoline prices spiked, according to First Data Corp.
Payments processor Capital Services, known until recently as Capital Card Services, works with about 130 credit unions, and has been hidden behind a relationship with Fiserv. Now, it has begun offering its services under its own name.
The final report of the FDIC’s investigation of a security breach at payments processor FIS found it worse than previously thought, according to a security blog.
Security blogger Brian Krebs says FDIC report "highlights shocking lack of basic security protections" at major processor.