Court Says Sheriff Crossed Line By Convincing Visa, MasterCard To Sever Ties With Backpage.com

Court Says Sheriff Crossed Line By Convincing Visa, MasterCard To Sever Ties With Backpage.com

First, an Illinois sheriff convinced Visa and MasterCard to stop doing business with online classifieds site Backpage.com, claiming the site was a storefront for sex traffickers. Then Backpage sued the sheriff, alleging his actions were tantamount to government censorship. Now a judge in the case has told the sheriff to back off of Backpage. [More]

Backpage.com Sues Sheriff For Persuading Visa, MasterCard To Stop Serving Site

Backpage.com Sues Sheriff For Persuading Visa, MasterCard To Stop Serving Site

Earlier this month, the sheriff of Cook County, IL, persuaded both Visa and MasterCard to end their relationships with online classifieds site Backpage.com, alleging the site is known to “promote prostitution and facilitate online sex trafficking.” Today, the website fired back with a lawsuit against the sheriff. [More]

(frankieleon.)

Visa, MasterCard Cut Ties With Backpage.com After Pressure From Law Enforcement

After pressure from law enforcement, both Visa and MasterCard have announced they will no longer process payments for classified ads on Backpage.com. The site has often been criticized for its “Adult” section, which some say makes it easy for pimps and sex traffickers to solicit customers for sex. [More]

John Oliver Pledges To Eat McDonald’s, Drink Budweiser If They Use Sponsorship Power To Change FIFA

John Oliver Pledges To Eat McDonald’s, Drink Budweiser If They Use Sponsorship Power To Change FIFA

Last week, the soccer world was rocked when numerous current and former FIFA officials were arrested and charged with accepting illegal kickbacks and bribes. Only days later, FIFA President Sepp Blatter, under whose oversight these alleged crimes have occurred for nearly two decades, was reelected. That’s why John Oliver has called on FIFA’s high-profile sponsors to use their financial leverage to effect some change in the most powerful soccer organization in the world. [More]

(anekphoto)

Visa Sends A Warning That It Could Pull Its FIFA Sponsorship

What a difference a week makes: Although last week it seemed Visa, Coca-Cola and other big name sponsors would stick with their sponsorships of the 2022 soccer World Cup amidst rumors of human rights abuses in host country Qatar, after multiple officials of the Fédération Internationale de Football Association (FIFA) and several allied businesses were arrested yesterday, it seems some companies are getting cold feet. [More]

(Rendering of World Cup venue in Qatar; via FIFA)

Visa, Coca-Cola Respond To Human Rights Concerns About Qatar World Cup; Not Pulling Out As Sponsors

Since the mysterious cabal that is FIFA announced that the 2022 soccer World Cup would be played in Qatar, there have been rumors of graft, concerns about the exceedingly high temperatures, and most importantly multiple reports of human rights abuses at worksites for the new stadiums and other facilities being erected around the country. As more people call on the event’s largest sponsors to pull their support, some are responding, though none are giving any indication that they won’t slap their name on the wildly popular tournament. [More]

(Karen Chappell)

Visa Unveils Plan To Breakdown Airline Fees Separately On Statements

With all the extra fees tacked on by airlines – bag fees, WiFi fees, seat upgrade fees – it can be hard to remember exactly what you paid for each of these add-on charges. Visa customers won’t have to worry about keeping things straight anymore, as the credit card company now plans to breakdown airline charges on monthly statement. [More]

(Mike Mozart)

Walmart Executive: Chip-And-Signature Credit Cards Not Enough To Protect Consumers

The long-awaited move from traditional magnetic stripe credit cards to cards equipped with computer chips has been touted as a safer, more secure method of payment for consumers. But a top executives at the country’s largest retailers says all the hype surrounding the new cards will likely be a security letdown without the use of PIN requirements. [More]

American Express To Fight Court Ruling That Would Let Retailers Encourage Use Of Competing Cards

American Express To Fight Court Ruling That Would Let Retailers Encourage Use Of Competing Cards

Back in February, a federal court ruled that American Express merchant agreements violate antitrust laws, resulting in higher costs for consumers, by forbidding retailers that accept AmEx from encouraging customers to use competing cards like those from Visa, MasterCard, and Discover. Today, the credit card company’s CEO said the company is asking the court to stay this ruling. [More]

(Adam A. Koch)

Visa And Pizza Hut Want You To Order And Pay For Pizza With Your Car

Have you ever had one of those days where you just want pizza to come to you as easily as possible, using as few tools to procure said pizza as possible? Then you might be into a new concept from Visa and Pizza Hut, that wants to get drivers to order and pay for their pizza without ever leaving their cars — or picking up their smartphones, for that matter. [More]

(Rick Takagi)

Costco Announces New Credit Card Partnership With Citi, Visa

It seems Costco is not one to sit around pining for old flames very long, as the shopping club announced today that it’s rebounding from the end of its relationship with American Express with a new partnership with Citigroup and Visa. [More]

(The.Comedian)

American Express Loses Antitrust Lawsuit Over Merchant Rules

After nearly five years of legal battles, a federal court has ruled that American Express’s merchant agreements violate antitrust laws and has resulted in higher costs for consumers. [More]

(Misfit Photographer)

New Visa Feature Uses Smartphone Location Tracker To Prevent Fraud By Knowing Where You Are At All Times

Forgetting to tell your bank that you’ll be traveling far outside of your normal spending zone can often lead to frustrations like having transactions rejected out of concern that your card is being used fraudulently. In an attempt to make the lives of frequent travelers easier – and prevent fraud – Visa plans to launch a new service this spring that automatically informs banks where you are. [More]

Visa, MasterCard Working On Security Improvements To Make Data Breaches Suck Less

Visa, MasterCard Working On Security Improvements To Make Data Breaches Suck Less

The data breaches, major and minor, that we’ve seen over the past few years aren’t going anywhere. Payment system and database hacks are, for now, basically inevitable. And that’s why Visa and MasterCard have both announced plans to expand their security features for online shopping. [More]

Senator Pressures Visa, MasterCard To Stop Serving File-Sharing Sites

Senator Pressures Visa, MasterCard To Stop Serving File-Sharing Sites

File-sharing and copyright infringement have been a bugaboo among lawmakers since internet speeds got fast enough to swap music in the late 1990s. No tactic so far has actually yet stopped audiences from swapping music and movies among themselves, and while some sites and services have been shuttered, another two or three are always ready to pop up. So now a lawmaker is trying a new strategy: appealing to the middlemen who actually move the money. [More]

Bogus Credit Card Charges Look Like They Were Made With Chip-Enabled Cards

Bogus Credit Card Charges Look Like They Were Made With Chip-Enabled Cards

As banks begin rolling out new credit cards embedded with microchips intended to help prevent fraudulent use, some financial institutions are reportedly seeing a spike in bogus transaction charges that appear to be coming from these newer cards, even though chip-enabled cards have yet to be sent out. [More]

(zipsonic)

Why Did CVS & Rite-Aid Stop Taking Apple Pay?

After nearly a week of accepting payment via the recently launched Apple Pay system, both CVS and Rite-Aid suddenly stopped offering this option to shoppers over the weekend. And neither retailer is giving a reason why, though it appears to be part of a retail-industry effort to eventually roll out its own payment system. [More]

(Alan Rappa)

What The Numbers On Your Credit Card Indicate

Over the years, countless people have looked at 16-digit credit card numbers and said things like “Why do they need so many numbers? It’s not like there are 9.999 quadrillion bank accounts out there.” Well, that’s true. But the numbers on your card aren’t just about how many accounts or cardholders exist. They also indicate information about your card issuer, its network and tells processors whether or not the number is valid. [More]