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ATM Owners Face Deadline to Upgrade Machines for Chip-Based Cards

In their ongoing push to incorporate EMV "smart card" technology into the U.S. banking system, Visa and MasterCard are counting on ATM owners to upgrade their machines.The post ATM Owners Face Deadline...

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Major Retail Group Opts Out of Credit Card Swipe Fee Settlement 8 Years in...

Just when it seemed Visa and MasterCard were set to settle with merchants over credit card swipe fees, the Retail Industry Leaders Association (RILA) has opted out of the deal.The post Major Retail...

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$45 Million Cyber-crime Targets Prepaid Debit Cards

In impressive cyber-crime, thieves allegedly stole millions from ATM machines on two separate occasions two months apart. The target: prepaid debit cards.The post $45 Million Cyber-crime Targets...

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Retailers File Suit For Alleged Fixing of Swipe Fees On Credit Cards

Retailers who opted out of last year's settlement with Visa and Mastercard have filed their own lawsuit for alleged swipe fee fixing on credit cards. The post Retailers File Suit For Alleged Fixing of...

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Big Banks Win: Canada Keeps Ban On Merchants Charging Credit Card Swipe Fees

Canada will continue letting credit card companies charge merchants credit card swipe fees without letting merchants impose surcharges to cover the cost.The post Big Banks Win: Canada Keeps Ban On...

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Judge Approves Credit Card Swipe Fees Settlement: Slap On Wrist of Visa, MC?

Eight years after the lawsuit was brought by merchants against Visa and Mastercard over credit card swipe fees, a U.S. federal judge approves a settlement.The post Judge Approves Credit Card Swipe Fees...

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Sam’s Club Unveils First Chip-Enabled Credit Card from Mass Retailer, Cash...

Sam’s Club chip-enabled credit card, available to consumers June 23, offers enhanced security and cash back rewards.The post Sam’s Club Unveils First Chip-Enabled Credit Card from Mass Retailer, Cash...

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Will You Try iPhone 6 Mobile Wallet Feature?

The iPhone 6 will be unveiled September 9, 2014, including a mobile wallet feature poised to be just the thing to take mobile wallets mainstream.The post Will You Try iPhone 6 Mobile Wallet Feature?...

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Selfie Shopping: MasterCard Testing Facial Recognition for Verifying Online...

If you think you’re taking a lot of selfies now, just wait until MasterCard’s new online shopping tech kicks in. The post Selfie Shopping: MasterCard Testing Facial Recognition for Verifying Online...

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MasterCard Identity Check Replaces Forgettable Passwords with Facial...

MasterCard Identity Check scraps reliance on forgettable passwords, replacing them with biometrics, as well as one-time passwords generated via text. The post MasterCard Identity Check Replaces...

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