The breaking news about electronic payments are all over the board, ranging from data breaches to what's going on with some of the biggest companies. Explore some of the stories going on now.
Ashley Madison Experiences Major Data Breach
Ashley Madison is an online dating website that promotes having an affair. They are still cleaning up their data breach, which leaked information about some of the users. Several people have come forward with a class-action lawsuit to sue Ashley Madison and the parent company, Avid Life Media for their inability to safeguard privacy.
MasterCard May Purchase VocaLink
There are exclusive talks going on right now where MasterCard may purchase VocaLink, which is the operating system in the UK. It could result in MC holding a larger share of the card market.
PayPal Reports Being Busier Than Ever
PayPal has had a very active 2016 to date. They are standing out as their own as opposed to being tied with eBay. They are also exploring new options for mobile payments and have made a buy-in on Acorn, a way for people to save money.
US Volume Soaring for Visa
Visa has been doing very well, despite cross-border spending. The top and bottom line impressed in comparison to budget. Much of this is because of a consumer boost in credit spending.
Paying attention to breaking news about electronic payments can help you to know what kind of security you need to have in place.
For more information about CRM and electronic payments, contact IRIS CRM.
