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Appeal In McDonald’s Payroll Card Ruling Falls Flat

PYMNTS

An appeals court has upheld a lower court’s ruling that found the owners of 16 McDonald’s restaurant locations in Pennsylvania in violation of state law through their use of payroll cards for employee compensation. Since the case first began, other defendants have joined, including payroll card issuers, like JPMorgan Chase.

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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

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Equifax Blames Flaw In Database Software For Breach; Backlash Mounts From Consumers, Lawmakers

PYMNTS

consumers and potentially compromised the credit card numbers of approximately 209,000 people. and Canadian regulators to determine appropriate next steps. Pennsylvania Attorney General Josh Shapiro said in a statement that his state, along with Connecticut and Illinois, is leading a collaborative inquiry into the data breach.

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Santander Gets Hit With Fine Due To Overdraft Practices

PYMNTS

The CFPB said that, from 2010 to 2014, Santander was marketing and enrolling consumers in its “Account Protector” service designed to protect customers from overdrawing on their accounts at ATMS and on one-time debit card transactions. Customers were charged $35 per overdraft.

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Uber’s Rough Ride Of A Week

PYMNTS

The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. The New York AG isn’t the only regulator that’s taken an interest in this story. Privacy regulators for the European Union said Wednesday (Nov. drivers’ license numbers.

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

HQ: Shelton, Connecticut. Tags: Enterprise, compliance, social media, regulations, marketing, Finovate alum. Source: Crunchbase. Mobile wallet & biometric solutions. Latest round: $2.1 million (at least $1.5 million debt). Total raised: $2.9 million (includes at least $1.5 million debt). Source: WhoGotFunded. Latest round: $1.4