Report from USPS Inspector General says just 10% of underbanked market would generate almost $9B annually for struggling agency.
Copycat POS breach malware available in underground forums for just $6,000, report says.
More than 1 million cards may have been compromised in the last year, the high-end retailer said.
Counsel to retail plaintiffs explains that the Durbin Amendment precludes Fed from including fraud costs in the debit interchange cap.
For years, banks have issued fraud-prone mag stripe cards, putting information at risk, the letter from the National Retail Federation said.
Credit unions tell trade association breach cost an average of $5.10 per affected card.
The world's largest payment processor outsources 21 administrative jobs at its Omaha location.
Debit card issuers, Fed and merchants will present cases regarding how the Fed interpreted Dodd-Frank's Durbin Amendment.
Bipartisan legislation would require entities, including financial institutions, retailers and federal agencies, to investigate breaches and inform consumers.
House Financial Services spokesman said committee would examine data security, but would not answer specific questions about Target.