QUINCY, Mass. – Shoppers throughout the Massachusetts-Rhode Island border are being warned that high-tech thieves may have compromised their bank or credit union accounts by breaking into the check-out line card readers at area Shop & Shop supermarkets and planting card skimmers. The company said that consumer account information, including personal identification codes and PINs for cards, was stolen from two stores, in Coventry and Cranston, R.I., and four other stores in Bristol, Providence and Warwick, R.I., and Seekonk, Mass., also had data apparently breached after the card readers were tampered with. As a result, several accounts were reported to be improperly accessed earlier this month. After determining that the card readers had been removed, tampered with, then reinstalled, Stop & Shop began bolting down the readers, the company said. The scheme was uncovered by the U.S. Secret Service. The data breach is the latest in a growing list of cards information thefts, and comes just a fe wweeks after another Massachusetts company, TJ Maxx, reported that accounts at hundreds of banks and credit unions may have been compromised by the theft of its customer information.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
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A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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