Friday , April 19, 2024

Lawsuits Filed Over Wawa Data Breach and other Digital Transactions News briefs from 1/2/20

  • At least six lawsuits seeking class-action status have been filed in U.S. District Court in Philadelphia against Wawa Inc., an 850-location convenience-store chain, in the wake of Wawa’s previously announced data breach. Most recently, the Goldman Scarlato & Penny P.C. law firm said its attorneys are investigating consumer claims concerning the breach. Data stolen included credit and debit card information, with expiration dates.
  • In related news, the Landry’s Inc. restaurant chain said malware had compromised an order-entry system some wait-staff had mistakenly used to enter payment card information between March 13 and Oct. 17 of last year. The data entry, which Landry’s said occurred in “rare instances,” should have been done on point-of-sale devices.
  • AiFi Inc., a startup specializing in autonomous stores, announced its technology has been adopted by a Loop Neighborhood Store gas station/convenience store in California, as well as by a larger convenience store in Shanghai, China. The company, whose product competes with autonomous-store technology from companies ranging from Amazon.com Inc. to Zippin Inc., now has 10 locations using its technology around the world.
  • CIT Group Inc. announced its CIT Bank N.A. unit has closed on its acquisition of Mutual of Omaha Bank. The purchase price was approximately $1 billion.
  • It takes anywhere from $30,000 to $60,000 to develop a digital wallet or other financial-services app, and the average development time is five to seven months “for the best solution,” according to app developer Hyperlink InfoSystem. The cost and development time for an e-commerce app is $20,000 to $35,000 and 2.5 to 3.5 months.
  • TeacherFunder, a crowdfunding Web site for educators, announced it has made improvements to its design and functions. The site allows teachers to state classroom needs across social-media sites and receive donations.

Check Also

In an Abbreviated Call, Discover Sticks to the Numbers And Stays Mum About Cap One

Executives at Discover Financial Services Inc. early Thursday cut short their first-quarter 2024 earnings call, …

Digital Transactions