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]
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Walmart Executive: Chip-And-Signature Credit Cards Not Enough To Protect Consumers
By 4.3.15
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
By 3.25.15
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]
Visa And Pizza Hut Want You To Order And Pay For Pizza With Your Car
By 3.2.15
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]
Costco Announces New Credit Card Partnership With Citi, Visa
By 3.2.15
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]
American Express Loses Antitrust Lawsuit Over Merchant Rules
By 2.19.15
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]
New Visa Feature Uses Smartphone Location Tracker To Prevent Fraud By Knowing Where You Are At All Times
By 2.18.15
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
By 2.13.15
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
By 11.26.14
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
By 10.27.14
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]
Why Did CVS & Rite-Aid Stop Taking Apple Pay?
By 10.27.14
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]
What The Numbers On Your Credit Card Indicate
By 9.2.14
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]
Visa’s New Fraud Protection System Detects Credit Card User’s Risk At The Gas Pump
By 8.20.14
This year credit card companies have sought out ways to make credit card use safer and more secure for consumers. While we’re still waiting for the widespread implementation of chip-and-pin cards, Visa is attempting to tackle fraud at one of its more common sources: the gas pump. [More]
10 Answers To Credit Card Questions We Get Asked All The Time
By 7.19.14
Credit cards come with a lot of fine print. But the scene isn’t just complicated for cardholders; it’s complicated for the retailers that accept them, too. What needs signing, and what doesn’t? When can a store ask for ID? Are they allowed to charge different prices for cash and credit? [More]
P.F. Chang’s Credit Card Breach May Have Started In September 2013
By 6.18.14
Chain fusion bistro P.F. Chang’s confirmed last week that its payment system had been breached, and the company’s official statement is that they’re investigating when and how the breach started. Unofficially, we may have an answer to the first half of that question: the breach may have started in September of 2013. [More]
Walmart Slaps Visa With $5B Lawsuit For Allegedly Fixing Card Swipe Fees
By 3.28.14
Thought retailers were done fighting credit card companies over those credit and debit card swipe fees? You thought wrong! Or not wrong, because no one can predict the future, but Walmart is steamed up and suing mad at Visa, alleging in a new lawsuit that the card company set ridiculously high card swipe fees. [More]
MasterCard, Visa Form Industry Group To Address Payment Security Issues
By 3.7.14
In the wake of numerous high-profile data breaches and growing concerns about identity theft, credit card competitors Visa and MasterCard are teaming up to launch a cross-industry effort aimed at improving payment security for consumers. [More]
Visa, MasterCard Endorsement Of Tap-And-Pay Could Replace Your Wallet With A Smartphone
By 2.19.14
We use our smartphones for everything, from taking photos and video to mobile banking. So why not replace your wallet with your phone? That’s a change that could be coming sooner rather than later now that MasterCard and Visa have endorsed a new mobile payment technology. [More]
