Wells Fargo has informed its employees that they may not offer loans through peer-to-peer (P2P) platforms. Citing a conflict of interest, the bank said employees violate internal ethics protocols by providing loans through Prosper and Lending Club, Finextra reported on Jan. 21. In an email...
NewComLink has hired a former PayPal marketing chief as its new chief marketing executive. Douglas Filak, who served as PayPal’s top marketing guru starting in 2008, will handle NewComLink’s marketing and branding portfolio. Filak previously worked for Bill Me Later, which PayPal purchased in 2008....
Seeking to reduce the impact of the recent Target and Neiman Marcus data breaches, Union First Market Bankshares is reissuing all affected credit and debit cards to customers. The decision was a cautionary one, and the bank’s own systems or cards had not been affected,...
Sears’ mobile campaign has proven a big hit with the retailer’s customers. The store chain reported a mobile deal redemption rate increase of 1,100% since it began sending personalized marketing messages as part of its Shop Your Way campaign, Mobile Commerce Daily reported on Jan....
The National Retail Federation has called for a new federal cyber law and other steps to stem the tide of retail data breaches. In a letter distributed to the group’s members, Mallory Duncan, the federation’s senior vice president and general counsel, called for the introduction...
Later this year, LG will release a new line of smartphones that includes a fingerprint ID scanner. The move follows Apple’s rollout of a similar technology in its latest generation of iPhones. In LG’s case, the reader is located on the back of the phone,...
Federal authorities have revealed the arrest of two men at the U.S.-Mexican border as part of the ongoing Target data breach investigation. It’s not clear if the two men, both of whom are from Monterrey, Mexico, are connected to the POS malware blamed for the...
A federal appeals court on Jan. 17 heard arguments over whether a federal judge’s ruling that the Federal Reserve’s 21-cent debit-interchange rate cap is too high. In the contentious dispute between merchants, who want the cap reduced, and card issuers, no one seems happy. Even...
Players on both sides of the fence on Friday got the chance to air their positions in front of an appellate court over whether to overturn a federal judge’s ruling last summer that the 21-cent debit-interchange cap that took effect in 2011 was too high....