Payments News Roundup: Friday, September 29, 2017

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Welcome to Payline’s Payments News Roundup. We’re sharing headlines and recent news stories from around the web to keep you informed on payments, business, FinTech, and everything in between. This week’s roundup dives into the latest news on data breaches and consumer spending.

Whole Foods Suffers Data Breach in Some Stores
CNCB |Thurs Sept 28, 2017Frequent fliers at Whole Foods will want to take note: there has been a compromise. The grocery store chain, recently acquired by Amazon, has been reported as suffering a data breach at the taprooms and in-store full table-service restaurants at some of their locations. Luckily, this data breach has not affected the main checkout systems, as they use a different POS system than these additional Whole Foods venues. An investigation is ongoing.

U.S. Consumer Spending Barely Rises; Core Inflation Moderates
Business Insider | Fri Sept 29, 2017 — Some of the effects of Hurricane Harvey weighing on auto sales and annual inflation have put U.S. consumer spending at its slowest pace since late 2015. When adjusted for inflation, consumer spending slipped 0.1 percent in August, the first drop since January, and this data reflects some of the effects of Hurricane Harvey.

Equifax Continues to Scramble After Massive Breach
NPR | Thurs Sept 28, 2017 — As if a breach alone weren’t enough, things aren’t getting easier for Equifax anytime soon in the aftermath. In our previous roundup, we shared the news of a fake phishing fumble via the company’s Twitter page that further frustrated the 143 million people whose data was originally compromised. As the CEO steps down and an interim CEO steps in, Equifax continues scrambling to fix the effects of the massive breach with a new and free credit locking service.

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