Owners of the iPhone 6 registered more than 1 million credit cards on Apple Pay in the first three days the service was offered. The app lets people pay for goods with their phone. In theory, when enough stores sign up, you won’t have to carry a credit card. For many people, cash has already been replaced by credit.
Valley Lettering in North St. Paul is always looking for more business. So as convenience to customers, owner Don Buckentin takes credit or debit cards. But for each transaction, he pays a fee. “This was far more than pennies,” Buckentin said. “This was hundreds of dollars.”
Popular sandwich chain Jimmy John’s seems to be the latest victim of a national data breach involving customers’ credit and debit cards.
Edina-based Dairy Queen is the latest company hit by cyber criminals, as an undisclosed number of stores have reportedly been hit by a data breach. Information including customers’ credit and debit card data may have been lifted.
Ten years ago, 36 percent of retail purchases were paid in cash. Today, that’s dropped to 29 percent, and if this trend continues over the next generation, it could fall to 10 percent.
A major Twin Cities restaurant group is raising the minimum wage for some of its employees higher than the new state law requires. The Blue Plate Restaurant Company owns eight popular spots, and will open a new restaurant at the State Fair Thursday. Starting Sept. 1, Blue Plate’s non-tip workers will earn $9.69 an hour.
Another Minnesota-based company is trying to figure out how it fell victim to hackers. Supervalu, which owns Cub Foods stores across Minnesota, said hackers accessed a part of its computer network that processes payment card transactions.
TA data breach at Supervalu may have impacted as many as 200 of its grocery and liquor stores and potentially affected retail chains recently sold by the company in two dozen states.
Secret Service investigators say they are close to gaining a full understanding of the methods hackers used to breach Target’s computer systems last December.
Now that we’re finally getting out of winter, a lot of us will start our spring cleaning. That includes getting your finances tied up. However, it’s also tax season, so the last thing you may feel like doing is crunching more numbers.
The hackers who stole millions of credit and debit card numbers from Target may have used a Pittsburgh-area heating and refrigeration business as the back door to get in. Fazio Mechanical Services Inc., a contractor that does business with Target, issued a statement Thursday saying it was the victim of a “sophisticated cyberattack operation,” just like Target.
About 5 million credit and debit cards out of the approximately 40 million whose information was stolen in a massive Target data breach have been used to make fraudulent purchases. The Wall Street Journal says that translates to about 10 to 15 percent of the accounts that were compromised late last year.
Police say two people trying to enter the U.S. from Mexico have been arrested in South Texas on fraud charges that could be related to the theft of personal data from Target retail stores. McAllen police Chief Victor Rodriguez scheduled a news conference for Monday afternoon.
New developments have been revealed about the Target data breach. The cyber intelligence company, Intelcrawler, says a 17-year-old from Russia, may be the author of the malware that is being blamed for the compromising of more than 100 million credit card accounts used at Target.
The CEO of Target is finally speaking out after the massive security breach that impacted millions of Americans over the holidays. He’s defending Target and how the company has handled the breach, and said the company is working now to gain back the trust of many shoppers.