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Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

PYMNTS

100 percent) digital,” Visa wrote in its application, which was originally filed with the U.S. Visa did not immediately respond to a request for comment on the filing. “According to the [details] discussed herein, the payment ecosystem may become entirely (e.g.

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FPC Draws Member Input with Town Halls on FedNowSM

Faster Payments Council

While responses to the FedNow Request for Comment aren't due until November 7, we're looking at a significant strategic undertaking: we're forming recommendations for the first new payments system initiated by the Fed in more than 40 years. The clock is ticking. And, that's no small task, as I mentioned previously.

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Breach Exposes Millions Of Chinese Chat Logs

PYMNTS

Gevers added that the main database was sending data to 17 other servers, depending on where it originated. A large number of the records originated from web cafés, which Chinese cybersecurity experts have continually warned collect vast amounts of customer data. It’s worrisome that these things appear online so easily.

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Showdown: California Firm Zumasys Sues SBA And Treasury Over PPP Loan

PYMNTS

argues it is entitled to its $750,000 loan under the original terms. Per the report, the SBA and Treasury did not respond to requests for comment. The regulators reminded owners to consider whether the business has access to other sources of liquidity. Zumasys Inc. Companies have until May 14 to repay the cash.

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Meal Kit Firm Home Chef Reveals Data Breach

PYMNTS

In response to a request for comment from PYMNTS, Home Chef sent a link to its Q&A page about the breach. If that original password was used on other sites, security experts recommend passwords be changed on those sites as well. Home Chef customers are advised to change their password to a strong and unique one.

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Fed Seeks Comment On New Operating Hours For Fedwire Funds

PYMNTS

The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as feedback on a possible new posting time for transactions, and an increased daylight overdraft fee. “On Sept. ET and settlement at 5:00 p.m. ET and settlement at 6:00 p.m.

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UK?s National Health Service Gave Tech Giants Access To Millions of Britons? Health Records

PYMNTS

Palantir did not respond to requests for comment from Bloomberg and CNBC. Also published with the document are 23 pages of similar contracts with Google, Microsoft Corp. and Faculty, an artificial intelligence startup in London that is working on the NHS’s coronavirus response and was also given access to the data.