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Prepaid Debit Card Fees Are Wildly Inconsistent, Not Always Disclosed Up Front
The Federal Reserve says that prepaid debit cards are the fastest-growing non-cash way to pay. All that competition to get customers has led to an overall decrease in the fees associated with these...
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MasterCard, Visa Warn Banks Of Possible Data Breach
MasterCard has notified law enforcement and banks that issue its cards of a possible data breach at a third-party payment processing company. The company says “certain MasterCard accounts that are...
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MasterCard, Visa Payment Processor Says Violation Occurred In Early March;...
Earlier today, we wrote about how MasterCard and Visa had begun notifying banks about a possible data breach at a third-party company that processes credit card payments. Now more information has come...
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Payment Processor: Up To 1.5 Million Credit Card Numbers Stolen
The news from the hacked third-party payment processor for MasterCard and Visa got worse over the weekend, as early reported estimates of around 50,000 card numbers put at risk turned out to be wrong...
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Visa, MasterCard Don't Want You Knowing Which Companies Are Failing At...
If your bank tells you that your credit card information was stolen from an online merchant you bought something from, it only makes sense that the bank also tell you which e-tailer failed at...
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Get Ready To Pay Surcharge Every Time You Pay With Credit Card
Visa and MasterCard know there is nothing that American consumers love more than fees and surcharges. That’s why the credit card companies are reportedly looking to do away with longstanding rules that...
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Visa, MasterCard Agree To Let Merchants Add Surcharges To Credit Card Purchases
Earlier this week, we told you that a settlement in a huge lawsuit between merchants and Visa and MasterCard was in the offing and that it could open the door to retailers tacking on surcharges to...
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Walmart Comes Out Against Credit Card Swipe Fee Settlement
Earlier this month, when the Visa and MasterCard announced a massive settlement in the legal battle over credit card swipe fees, it looked like the seven-year-old dispute had finally come to an end —...
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MasterCard’s New MasterPass Seeks To Cut Out That Annoying “Waiting To...
(dooley) Who needs a physical wallet anymore? Those old things made of leather or duct tape or whatever? Eww. MasterCard is banking on the popularity of other digital wallet systems with the...
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Capital One Sends Me Across London To Get My Debit Card To Work
(frankieleon)Lucky reader Twila is enjoying a European vacation right now. Only she has one sort of inconvenient problem: her Capital One debit card won’t work in many of the places she’s visiting....
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