Wednesday , July 18, 2018

Cordray Leaving CFPB and other Digital Transactions News briefs from 11/15/17

  • Richard Cordray, director of the Consumer Financial Protection Bureau since 2011, is resigning, according to a report on TheHill.com, a political news site. The CFPB’s only director since it was created, Cordray expects to leave the agency by the end of the month, the site said.
  • Fashion retailer Forever 21 Inc. said it is investigating a data breach between March and October of this year involving point-of-sale systems in some of its stores that did not encrypt payment card data.
  • Payments-technology company Bluefin Payment Systems announced Nelnet Campus Commerce, which provides payments services to educational institutions, will make Bluefin’s services available to Nelnet’s clients.
  • Payments provider Forte Payments said its payments services are available to clients of Rentec Direct, which provides property-management and tenant-screening services.
  • Point-of-sale equipment provider Star Micronics received Apple Inc.’s AirPrint certification for a new POS printer. The certification means Apple iPhones and iPads can print wirelessly directly to the device without special configurations or software.
  • Glance Technologies Inc. released an updated version of its Glance Pay Merchant app that enables merchants to accept Glance payments and rewards with no custom hardware.
  • Gulf Oil and Discover Financial Services extended a gas-price discount program for Gulf Pay that started in July through January 15. Users receive a 15 cent per-gallon discount up to 20 gallons per visit for a total of 18 visits.
  • West Corp., a global provider of communication and network infrastructure services, hired two former merchant-acquiring executives for senior executive positions, including Robert Wechsler, the former CEO of Century Payments who also worked for Chase Paymentech, as president, and Nancy Disman, formerly of TransFirst, as chief administrative officer.

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