Proposition 24, also known as the California Privacy Rights and Enforcement Act of 2020, passed. The new law protects sensitive consumer financial data, allowing consumers to request personal information not be shared; requiring businesses to get permission before collecting data from consumers younger than 16; and requiring businesses to correct data inaccuracies upon request. Prop 24 also creates an agency...

US Retail Sales Jump In June (But It Could Be the Last Increase for Some Time) Retail sales were up in May and June as economies reopened. A better-than-expected 7.5% jump in June, following a record-breaking 18.2% increase in sales in May, surpassed economists’ predictions. The rebound occurred after businesses reopened and pent-up demand for retail goods and services came...

Figg Uses CLO to Help Consumers Brave Recession Augeo, a St. Paul digital engagement company and card-linked technology provider to banks, announced it has acquired Empyr, the San Diego-based company that powers the Yelp card-linked offer program, among other leading publisher platforms. The two Cardlinx members will do business as Figg, with more than 60 million linked cards and $300...

Plaid, the company acquired by Visa for $5.3 billion, was sued in a class action alleging it harvested consumer transaction data without permission. The law suit states “Plaid uses that access to deceptively obtain bank account information from users, accessing information back up to five years, averaging 3,700 transactions per consumer.” CardLinx Insight: The law suit alleges a fear many...

2020’s Silver Bullet for Bank Digital Engagement: Card-Linked Offers How do the best companies in the world build digital trust and data confidence with consumers? They do it by adhering to these 7 straightforward data best practices. CardLinx, a multi-industry trade association, recently completed a 1.5 year study and task force to identify key factors driving digital trust and data...

How do the best companies in the world build digital trust and data confidence with consumers? They do it by adhering to these 7 straightforward data best practices. CardLinx, a multi-industry trade association, recently completed a 1.5 year study and task force to identify key factors driving digital trust and data confidence. Task force members determined that merchants, mobile apps,...

2020’s Silver Bullet for Bank Digital Engagement: Card-Linked Offers If you are a bank serving consumers or a payment card issuer considering ways to drive mobile and digital engagement while adding value for merchants, you are likely considering card-linked offers (CLO). Linking your customer’s mobile app to a payment card or mobile wallet saves consumers money, boosts retailer revenue–and drives...

Luxury Retailers Boosts Revenue 34% with Card-Linking Leading card issuers, financial institutions, retailers, and marketing and card-link technology innovators came together at CardLinx Europe in London this month to share industry insights. Execs from FIS, Discover, Harvey Nichols, Fidel and Collinson discussed how technology is facilitating online-to-offline commerce. Leaders from Mastercard, Carte-Bancaires, Groupon, Rakuten–and more–participated. CardLinx Insight Luxury retailers are...

Advocacy Groups Call for Facebook’s Break Up Nine advocacy groups have called the Federal Trade Commission to investigate the break up of Facebook in light of its consumer data breaches, especially with Cambridge Analytica. The recommendation includes spinning off Instagram and WhatsApp. The letter urged the FTC to regulate Facebook like a utility given its size, position and influence in...

California’s New Data Law: 6 Things You Need To Know Now California is the new frontline for consumer data privacy. As we discussed in last week’s CardLinx Webinar, California passed a sweeping new data privacy law that was hastily signed into law yesterday afternoon in California’s capital by Governor Jerry Brown. The law contains many new digital data rights for...