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CFPB seeks to end open banking case

Payments Dive

The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn't be considered lawful.

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Minimum Charge for Credit Card Purchase

Cardfellow

You’ll have to follow applicable rules as well. It is acceptable for you to set a minimum charge on credit card purchases as long as you abide by the stipulations as set forth in your processing agreement with Visa, Mastercard and Discover. The longer answer is that it depends on the type of card. Credit cards: Yes.

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Preparing for Surcharge Compliance: A Checklist for Businesses

EBizCharge

Between card network rules, signage requirements, and state regulations, there’s a lot to keep track of. This article walks you through what credit card surcharge compliance really means and provides a practical checklist to help your business stay on the right side of the rules. Here are three important rules to be aware of: 1.

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Credit Card Surcharges in Canada: A Legal Guide

EBizCharge

This guide will walk you through the basics of credit card surcharging in Canada, from legal background and card network rules to disclosure requirements and best practices. In Canada, the answer is yes—but with some rules and responsibilities attached. That’s where surcharging comes in. Can I surcharge in Canada?

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Innovate Finance Outlines New Collaborative Anti-Fraud Strategy to ‘Smash Fraud’ in the UK

The Fintech Times

In the anti-fraud strategy, Innovate Finance advocates for a data-sharing approach across sectors, regulators and the law enforcement industry, to industrialise the UKs use of technology to spot and stop fraud and enable all financial firms to access and use these solutions. per cent of all reports received.

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Tensec raises $12M to boost growth

Payments Dive

By Patrick Cooley • July 25, 2024 Justin Sullivan via Getty Images Visa CEO ‘strongly’ disagrees with class settlement ruling The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins.

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Visa, Mastercard trials postponed

Payments Dive

antitrust law — seemingly make Visa and Mastercard “highly motivated to settle,” he said. “If A settlement can occur at any point before, during or even after the trial,” Visa CEO Ryan McInerney told investors in a conference call last July, discussing the agreement that Brodie rejected. “So, Distracted jurors Ha d the trial begun Oct.

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