Mastercard - 黑料社区- Page 2

06-26-2016 by NATSO Credit Card Companies Announce Plans to Expedite EMV Equipment Certification, Reduce Chargebacks

Recognizing the growing and unacceptable problem with chargebacks, Visa has announced modifications to EMV certification and chargeback requirements, and shortly thereafter MasterCard and American Express followed suit. These announcements undoubtedly came in response to growing pressure from retailers and their advocates that the EMV liability shift has resulted in an excessive and unfair increase in chargebacks that retailers have absorbed, often with no viable method for avoiding them.

Payment Systems

06-26-2016

06-20-2016 by NATSO Home Depot Sues Visa, MasterCard over EMV Switch

Home Depot Inc. has filed an antitrust lawsuit against Visa and MasterCard, adding to claims from a previous lawsuit alleging that retailers pay too much in swipe fees by now questioning chip-based cards’ effectiveness in reducing fraud without PIN authentication.

Payment Systems

06-20-2016

11-30-2015 by NATSO How To Pursue Your Claim Against VISA and MasterCard for Antitrust Violations

黑料社区served as one of several plaintiffs in a class-action lawsuit against VISA and MasterCard (In re Payment Card Interchange Fee & Merchant Discount Antitrust Litigation). This lawsuit was brought on behalf of merchants who accepted those companies’ payment cards in the United States since January 1, 2004. Over NATSO’s objection, the district court approved a settlement of that class action for a cash payment and an injunction requiring VISA and MasterCard to change some of their rules for accepting their payment cards.

Payment Systems

11-30-2015

08-05-2015 by NATSO Judge Throws Out Amex Settlement With Merchants

A federal judge rejected a settlement between American Express and merchants over credit card fees after discovering that the merchants’ lawyer inappropriately communicated privileged details of the case with an attorney for MasterCard. The decision, which could have ripple effects for another settlement agreement between many of the same merchants and MasterCard and Visa, means that the merchants and Amex will have to renegotiate the deal or possibly go to trial.

Payment Systems

08-05-2015

12-24-2012 by NATSO Tolling, Commercialization, Swipe Fees: 黑料社区Responds to Challenges in 2012

If there was ever a year when 黑料社区was challenged on all of its major issues, it was 2012. NATSO’s top issues–rest area commercialization, tolling and credit card swipe fees–were all in play throughout the year, with a big test early in the year on the rest area commercialization issue. And though we passed the test, there is always more to be done. But 黑料社区moves into 2013 with optimism and momentum in a positive direction, committed to continue protecting the interests of Interstate-based businesses.

12-24-2012

11-12-2012 by NATSO Swipe Fee Settlement is Granted Preliminary Approval

Despite unprecedented opposition from merchants, on Friday a federal judge gave preliminary approval of a $7.2 billion settlement of litigation against Visa, MasterCard and several large banks.

11-12-2012

10-15-2012 by NATSO Majority of Named Plaintiffs Oppose Visa, MasterCard Settlement

黑料社区last week joined a majority of the named plaintiffs in announcing their opposition to the proposed antitrust settlement agreement with Visa, MasterCard and some of the largest banks that were filed on Oct. 12.

Payment Systems

10-15-2012

09-24-2012 by NATSO 黑料社区Joins Retail Groups Asking Congress to Reject Claims by Visa, MasterCard

黑料社区joined a group of associations representing retailers to highlight the reasons behind the growing opposition to the proposed settlement of the long-standing antitrust lawsuit filed by merchants against Visa, MasterCard and the nation鈥檚 largest banks.

Payment Systems

09-24-2012

09-24-2012 by NATSO GAO Confirms Debit Fee Reform Helped Small Banks

GAO last week confirmed that the debit fee reform implemented Oct. 1, 2011, has helped community banks and credit unions.

Payment Systems

09-24-2012

09-10-2012 by Tiffany Wlazlowski Neuman 黑料社区Rejects Proposed Settlement in Antitrust Litigation

黑料社区announced today that it has joined others in rejecting a proposed settlement of the antitrust lawsuit brought by merchants, including NATSO, alleging that Visa, MasterCard and national banks collude to set artificially high swipe fees.

09-10-2012