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Visa Shuts Down Your Credit Card, Figures You'll Find Out Eventually
If you try to use your credit or debit card and find that it's been abruptly shut down, thank your bank. They've proactively shut down your compromised card, theoretically saving you from a cascade of fraudulent charges. So that's nice. But what bothered Scott when this happened to him is that no one called him to give him a heads up.
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Visa, MasterCard Don't Want You Knowing Which Companies Are Failing At Protecting Your Information
If your bank tells you that your credit card information was stolen from an online merchant you bought something from, it only makes sense that the bank also tell you which e-tailer failed at protecting your information. But the banks say they can't share this info because the folks at Visa and MasterCard prefer to keep that information private lest you stop doing business with the sources of the leaked information.
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Payment Processor: Up To 1.5 Million Credit Card Numbers Stolen
The news from the hacked third-party payment processor for MasterCard and Visa got worse over the weekend, as early reported estimates of around 50,000 card numbers put at risk turned out to be wrong by 1.45 million.
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MasterCard, Visa Warn Banks Of Possible Data Breach
MasterCard has notified law enforcement and banks that issue its cards of a possible data breach at a third-party payment processing company.
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Prepaid Debit Card Fees Are Wildly Inconsistent, Not Always Disclosed Up Front
The Federal Reserve says that prepaid debit cards are the fastest-growing non-cash way to pay. All that competition to get customers has led to an overall decrease in the fees associated with these cards, but a new study finds the price points for these fees are all over the place, and that companies are not always up front about disclosing them.
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Why You Probably Shouldn't Use A Credit Card To Pay Your Taxes
As the deadline for filing your federal tax return draws near, so does the anxiety of how you're going to pay Uncle Sam the money you owe. If you can't write a check for the full amount, the simplest and fastest way could be to put it on your credit card. But that's probably not a good idea.
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How The Different Credit Card Issuers & Networks Handle Chargebacks
Whenever someone has a dispute with a merchant over a credit card charge, we always suggest they attempt to issue a chargeback through their credit provider. But not all card issuers and credit card networks handle chargebacks in the exact same way.
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Visa Launching PayPal-Like V.me Service Next Year
Visa will roll out its V.me online payment service early next year. The company, which announced plans for the service in March, has also launched a developer program to help merchants incorporate its payment systems into their web sites and other products.
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Credit Cards To Sell Your Buying History So Online Advertisers Can Target You More Precisely
How about a world where you swipe for a Big Mac and then the next time you go online you get an ad for Slimfast? That's the big idea behind Visa and Mastercard's new business foray: selling off all your swipe data to online advertisers so they can more precisely target their ads to what's going on in your skull. It's another nail in the coffin for the quaint fiction we call "online privacy."
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