PaymentsSource

Payments Industry Regulation News

• Little Rock, Oakland Protest Visa, MasterCard Swipe Deal

  PaymentsSource | May 17, 2013

  Little Rock, Arkansas and Oakland, California objected to a multibillion-dollar settlement of a price-fixing case against Visa Inc. and MasterCard Inc. over the fees charged to merchants to process credit-card transactions.

• Homeland Security Seizes Funds from Dwolla in Bitcoin Probe

  PaymentsSource | May 15, 2013

  The Department of Homeland Security (DHS) issued a court order to the alternative payment provider Dwolla to cease operations with Mt. Gox, the largest Bitcoin exchange, which it accuses of operating as an unlicensed money transmitter.

• Visa Europe Offers to Cap Credit-Card Fees to End EU Probe

  PaymentsSource | May 14, 2013

  Visa Europe Ltd. plans to "significantly" reduce the fees it sets for processing cross- border credit-card payments in a bid to allay European Union competition concerns, the bloc's antitrust watchdog said.

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  The Problem with Prepaid: $45 Million ATM Heist Edition

  PaymentsSource | May 10, 2013

  The masterminds behind the recent crime spree that netted $45 million in fraudulent ATM withdrawals focused their attention on prepaid cards, highlighting yet another risk banks face when offering such products.

• MasterCard, Nigeria to Test National Identity Payment Card

  PaymentsSource | May 9, 2013

  MasterCard delivered its biggest commitment to financial inclusion to date, announcing the rollout of 13 million smart cards that would also serve as national identity cards for Nigerians.

• WikiLeaks Sees Credit Card Donations Return After Court Ruling

  PaymentsSource | May 9, 2013

  Anti-secrecy website WikiLeaks can again accept credit card donations after Valitor hf, the Icelandic partner of MasterCard Inc. and Visa Europe Ltd., began processing payments after losing a court case.