Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high. The plaintiffs’ lawyers revealed the proposed accord on Wednesday in …
A team of computer scientists at the University of California, San Diego and the University of Illinois has developed an app that allows state and federal inspectors to detect devices that steal consumer credit and debit card data at gas …
Payment networks, retailers and banks will continue to face significant costs to address fraud as hackers find new ways to steal data, according to Byron Pollitt, chief financial officer of Visa Inc. “This is an investment cycle that never ends,” …
Independent ATM operators are accusing MasterCard and Visa of fixing prices and forcing them to charge consumers set fees. A lawsuit that the ATM operators filed Wednesday in federal court in Washington, D.C. claims MasterCard and Visa require them to …