BankTech

News Aggregation - Neiman Marcus hacked, Emirates ID to replace cards, SEPA deadline, Corporates use of Aadhar, Payment News

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News Aggregation – Important news from other sources apart from LTP. So you don’t have to put in effort to search elsewhere, just read on Let’s Talk Payments without missing anything good.

1. Chicago Tribune – Neiman Marcus says hackers may have stolen payment card data

Luxury department store chain Neiman Marcus said on Friday that hackers may have stolen customers' credit and debit card information, the second cyber attack on a retailer in recent weeks.

The data breach comes after Target Corp on Friday said an investigation found a cyber attack compromised the information of at least 70 million customers, in the second-biggest retail cyber attack on record.

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2. Gulfnews.com – UAE Emirates ID will replace bank cards

Abu Dhabi: Are you tired of carrying multiple bank cards and remembering personal identification numbers (PIN)? Your plight will end soon. The national ID card issued by Emirates Identity Authority (Emirates ID) will soon replace ATM and credit cards. National ID cards will be used for financial transactions as part of a cooperation agreement between Emirates ID and financial institutions, a senior official told Gulf News on Monday.

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3. Pcworld – Euro electronic payments will fail unless SEPA deadline is extended, warns European Commission

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4. Economic Times – Trident Group first corporate to use Aadhaar payment bridge in India

NEW DELHI: Diversified business house Trident Group would become the first corporate to use Aadhaar Payment Bridge (APB) for disbursal of salaries to its employees. "The Trident Group would launch the facility of Aadhaar- linked disbursal of salaries of its employees on Monday at Yojana Bhawan in the capital," a source in the know of the development said.

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MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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