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The bad news continues to afflict the retail market as another major merchant discloses that it was the victim of a security breach. The recent string of data-breach revelations might suggest that even more is yet to come.
- Apple is preparing to the sign up with the fight to reinvent mobile payments. According to the Exchange Journal, pointing out undisclosed sources, the tech giant’s top executives have gone over exactly how it would handle payments for great and services with Apple devices. Industry analysts have long waited for the entry of Apple into the mobile-payment space since it holds such pledge for prevalent adoption.
- On Tuesday, the Federal Reserve will hold its next board meeting, with announcements to come on Wednesday. It marks the central bank meeting prior to Chairman-elect Janet Yellen takes office, from Ben Bernanke, later on this week on Saturday, Feb. 1. The monetary markets will likely be wanting to see the Fed’s progress on its decision to taper its bond-buying program.
- Another card information breach has been reported at Michaels Stores, an arts and crafts specialty establishment chain that’s 1040 places in the U.S. and Canada. The seller states it’s working with federal authorities to explore the breach. The business didn’t divulge the number of customer cards were influenced and exactly what type of data was jeopardized.
- The feared duty that every American taxpayer throughout the first quarter of every year has returned. On Friday, the 2014 tax season formally begins as the Internal Profits Service begins to accept income tax return. The later-than-usual start date was because of the temporary government shutdown last year. However, the tax deadline remains the same for April 15.
- Starting Saturday, Chase tellers will start asking clients for ID when making cash deposits. The brand-new practice is an effort to battle abuse of accounts, consisting of prohibited activities such as money washing. The policy doesn’t impact check or cash order deposits.
Another Nationwide Merchant Suffers Card Data Breach: 5 Things to Know for the Week