Despite the January announcement that hackers had breached the network of Princeton, N.J.-based merchant processor Heartland Payment Systems Inc., orders from issuers for news cards have not increased significantly, a representative for a card-printing company who asked not to be identified tells CardLine sister publication Cards&Payments. "We really haven't seen a major push as of yet," the source says, nearly two weeks after Heartland's official announcement (CardLine, 1/20). That does not necessarily mean Heartland hackers compromised fewer cards than in previous breaches, he adds. Since the breach TJX announced in January 2007 (CardLine, 1/18/2007), "it seems that processors and issuers have improved their systems to monitor accounts identified by the associations as compromised," the source says. "A lot of card issuers are probably using those applications before they jump and do a mass reissue."
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Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America's shareholders.
May 4 -
The Justice Department retreated from its plan to appeal a judge's ruling blocking grand jury subpoenas in the Powell probe, opting instead for a softer legal maneuver that keeps the investigation's future uncertain.
May 4 -
The company is officially releasing a digital asset product that it first announced back in October.
May 4 -
The Canadian bank is using machine learning to analyze customers' payments and provide recommendations to salespeople.
May 4 -
CEO Robin Vince defended the custody bank's use of artificial intelligence Monday, saying that the deployment of AI allows firms to increase their investment capacity.
May 4 -
Plaintiffs say Team 313 stole Social Security numbers and IDs. Chime says no data left its systems. None of the suits has its own evidence.
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