More than six months after he announced he would eventually be ending his nearly two-decade reign atop the world’s largest soccer organization, FIFA president Sepp Blatter has been banned from the sport for eight years. [More]
Mobile payment at the gas pump using NFC technology like Apple Pay, Samsung Pay, or Android Pay? What is this technological wizardry? Yes, Chevron is starting to experiment with making the hottest technology of 2014 available at the pumps in its gas stations, starting with 20 stations in California. [More]
Over the past few months, you may have noticed more retailers adorning their checkout stands with shiny new credit card readers. While those systems still have an area along the side where you swipe your card’s magnetic strip, they also have a smaller slot (typically) on the front where you simply
jam gently insert your card. This is all part of the country’s shift toward more secure, but far from perfect, chip-enabled cards that kicks into high-gear today. [More]
International travel is great! There are millions of great places to see, people to meet, and foods to try waiting out there in the world. Unfortunately, there are also crooks and fraudsters everywhere. Most of us know how to handle a sticky situation when we’re on our home turf, but what do you do when someone in a place where you don’t speak the language is taking advantage of your wallet in a way you didn’t agree to? [More]
It’s hard to believe that it’s been nearly two years since cybercriminals breached Target’s in-store payment network and stole credit card data for millions of customers during the year’s busiest shopping season. Credit card issuers went after the retailer because they had to pay for the huge number of replacement cards that were issued to affected customers. Now it looks like Target and Visa have reached an accord that will put $67 million back in those card issuers’ hands. [More]
Following a string of high-profile data breaches last year, Visa and MasterCard handed down a requirement that all merchants transition to the more secure chip-enabled credit card payment system by October of this year. While several major retailers have already made or are in the process of making the switch, a new report finds that many small business owners don’t even know about the deadline – or the potentially costly consequence of not meeting it. [More]
More than two years after a federal court dismissed price-fixing lawsuits against Visa, MasterCard, Bank of America, JPMorgan Chase, and Wells Fargo, a federal appeals court has revived the cases that involve allegations that these banks and payment networks illegally and anticompetitively established fee levels for out-of-network ATM use. [More]
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]
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]
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.
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]
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.
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]
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]
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]
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]
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.