Tuesday , January 28, 2020

Church’s Chicken Investigating Possible Breach and other Digital Transactions News briefs from 11/22/19

  • The Church’s Chicken restaurant chain said it is investigating a possible breach of credit and debit card data at about 165 company-owned locations in 11 states. The company, which said it is working with federal authorities, has hired a cybersecurity firm and has notified the card networks and credit-reporting agencies.
  • Recurring household bills total $1,024 per month on average, according to data on more than 900 cities from doxo Inc., a provider of bill-pay technology. Expenses for car payments and car insurance account for an average of $451 per month, according to the data.
  • MoneyGram International Inc. announced it has expanded its digital capabilities in the Asia-Pacific region with availability of the MoneyGram Web site in Hong Kong and the MoneyGram app in New Zealand. Digital transfers now account for 20% of all transactions, the company said recently.
  • Discover Financial Services said it will sponsor a $25,000 prize for one finalist in the New Venture Challenge competition for fintechs. The NVC is a startup accelerator.
  • USA Technologies Inc., under pressure from its largest investor, Hudson Executive Capital LP, has scheduled its next annual stockholder meeting for April 30, its first since April 2018. During much of that interim the vending-machine payments provider investigated accounting problems that led to the company restating a number of financial reports, conducted a management shake-up, and suspended its shares from trading on the Nasdaq. Hudson Executive, which owns about 16% of USAT, has nominated a slate of eight prospective director candidates and has dropped its call for a special shareholder meeting now that a regular annual meeting has been scheduled.

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PCI Pal Digital Debuts and other Digital Transactions News briefs from 1/28/20

PCI Pal, a payments provider for contact centers and other card-not-present businesses, launched PCI Pal …

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