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In the case above, the plaintiff had a discover card in their name and a Visa and Mastercard in the name of the defendant. [read post]
19 Sep 2019, 7:00 am by Race to the Bottom
Libra is a forthcoming cryptocurrency offered by the Libra Association, a Swiss non-profit formed by 28 investors, including Facebook’s subsidiary Calibra, Visa, Mastercard, and Uber. [read post]
18 Sep 2019, 9:52 pm by Kevin LaCroix
The Payment Card Industry Security Standards Council (PCI SSC), an international organization founded by American Express, Discover Financial Services, JCB International, MasterCard Worldwide, and Visa Inc. in 2006, develops and manages certain credit card industry standards, including the PCI-DSS. [read post]
3 Sep 2019, 8:59 am by Elizabeth Craig
  To simplify matters, the Commission recommends that anyone expecting a fee obligation of $25,000.00 or more should consider using Visa or MasterCard debit cards, wire transfer, or an ACH debit from a bank account. [read post]
29 Aug 2019, 6:56 am by Jonathan Fitchen
Given that the UK Supreme Court has given permission to hear a third appeal concerning collective actions – two of which have direct cross-border relevance (Merricks v MasterCard Inc [2019] EWCA Civ 674; Okpabi and others v Royal Dutch Shell Plc and Shell Petroleum Development Company of Nigeria Ltd [2018] EWCA Civ 191; and Wm Morrisons Supermarkets Plc v Various Claimants [2018] EWCA Civ 2339) – it may be timely to also reflect on the development of border-crossing collective… [read post]
28 Aug 2019, 5:24 am by Kristian Soltes
Commentary: Visa Next Only Solves Part of the ProblemDigital Transctions News – August 26, 2019  Following Klarna’s recent raise of $460 million looking to expand its payments presence in the United States, and Mastercard Inc. [read post]
21 Aug 2019, 10:05 pm by Jeff Richardson
  The Apple Card is a MasterCard, so it is widely accepted. [read post]
21 Aug 2019, 6:02 am by Kristian Soltes
Mauritius: Regulator Says Visa and Mastercard Interchange Fees Are AnticompetitiveCompetition Policy International – August 15, 2019 The Competition Commission of Mauritius has ordered Visa and MasterCard to cap their interchange fees after finding the credit card issuers abused their dominance by setting unreasonably high rates. [read post]
18 Aug 2019, 11:02 am by Kevin LaCroix
In 2016, shortly after the new CAT procedures went into effect, a former chief ombudsman of the Financial Ombudsman Service, launched a CAT action against MasterCard, based on a 2014 European Court of Appeal ruling that dismissed MasterCard’s appeal  of a lower court ruling that the credit card company had used its dominant position to extract excess fees, resulting in consumers being overcharged. [read post]
14 Aug 2019, 4:34 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: UK’s Financial Conduct Authority to Delay PSD2’s SCA, FT ReportsThe Paypers – August 8, 2019 The UK’s Financial Conduct Authority is set to delay enforcement of PSD2’s SCA by more than 18 months, after warnings that the rules would threat online sales. [read post]
7 Aug 2019, 9:23 am by Kristian Soltes
Nexo Launches MasterCard-branded Crypto Credit CardCointelegraph – August 2, 2019 Instant crypto loans firm Nexo is launching a MasterCard-branded cryptocurrency credit card. [read post]
7 Aug 2019, 2:06 am
The global payments' giant is seeking a takeover of a part of Dutch company Nets Group. [read post]
1 Aug 2019, 3:00 am by D Daniel Sokol
Sari Suurnäkki Jaime Rodríguez-Toquero Aymerich describe MasterCard II: The Commission Pursues Its Antitrust Enforcement in Cross-Border Payments. [read post]
31 Jul 2019, 7:02 am by Kristian Soltes
The Key Issues To Watch In UK Mastercard Class Action CaseLaw360 – July 29, 2019 (subscription required) The U.K. [read post]
23 Jul 2019, 5:53 am by Kellie McTammany
When traveling pre-purchase a credit gift card through MasterCard or Visa and use this for online purchase for access to airport Wi-Fi to protect your data and do not do banking or internet shopping from any public hot spot unless you are sure the connection is secure as it is not worth the risk. [read post]
17 Jul 2019, 10:32 am by Kristian Soltes
In a heavily redacted filing that was made public Tuesday, the proposed class of merchants ditched the open-ended timeline they had laid out to encompass the damage that Visa, AmEx, Mastercard and Discover allegedly inflicted when they shifted the risk amid the rollout of chip-enabled cards. . . . [read post]
14 Jul 2019, 5:11 pm by Kevin LaCroix
(The MasterCard action is discussed at length here). [read post]