Substantial Payout to Retailers Looms for Visa, MasterCard

Credit Cards

Substantial Payout to Retailers Looms for Visa, MasterCard

Substantial Payout to Retailers Looms for Visa, MasterCard

The controversial settlement between a number of retail groups and the world’s two largest processors of debit and credit card payments is set to move forward after receiving preliminary approval, but objections to the deal still linger. U.S. District Court Judge John Gleeson recently said that the antitrust settlement between merchants groups and both Visa… Read More

Verizon’s $2 Fee: Can They Do That?

Credit Cards

Verizon’s $2 Fee: Can They Do That?

Verizon’s $2 Fee: Can They Do That?

When I heard today about Verizon’s announcement that it will charge a $2 convenience fee for debit and credit card payments made online or by phone, my first reaction was one of outrage. I am a Verizon customer who pays online with plastic, and I don’t want to pay an extra $24 a year for… Read More

Visa’s Mobile Payment System Will Start This Fall

Credit Cards

Visa’s Mobile Payment System Will Start This Fall

Visa’s Mobile Payment System Will Start This Fall

Visa recently announced that its mobile wallet credit and debit card payment system will formally launch in both the U.S. and Canada later this year, according to a report from the tech news site Computer World. With this system in place, consumers who have a Visa-branded card will be able to load their payment information… Read More

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