At a U.S. Senate hearing Wednesday (May 4), Visa and Mastercard defended their credit card fees while retailers and consumer groups accused the card networks of behaving like a duopoly. Sen. Dirk Durbin, D-Illinois, chairman of the Senate Judiciary Committee, opened the hearing with a...
While most Americans were probably ready to focus on a news event other than the presidential election, the tragic events of the EgyptAir crash were certainly not the way anyone wanted to get there. And it is with sadness that PYMNTS notes the international aviation tragedy, and our thoughts go out to...
Dick Durbin is not very pleased with EMVCo. Ars Technica reports that, last week, the Illinois senator sent a strongly worded letter to the chip card consortium (whose member companies are American Express, Discover, JCB, MasterCard, UnionPay and Visa) with regards to its handling of...
In the United Kingdom and all across Europe, the debate over card fees, and card fee caps, continues. SkyNews reported that U.K. businesses should be able to “save millions” due to a new card fee cap, mandated as of today (Dec. 9) by the European Union....
May 17, 2016
Dick Durbin is not very pleased with EMVCo. Ars Technica reports that, last week, the Illinois senator sent a strongly worded letter to the chip card consortium (whose member companies are American Express, Discover, JCB, MasterCard, UnionPay and Visa) with regards to its handling of the card rollout in the U.S. Among the issues Sen. […]
November 26, 2014
Discover on Tuesday (Nov. 25) sued Visa, slamming the card brand with antitrust violation accusations. The court’s issue: Is Visa just an aggressive company or did it cross the line?...
