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antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg.
retail locations still haven’t upgraded their payment terminals to accept chipcards, with some small and midsize businesses citing the difficulty of getting their equipment tested and certified by appropriate organizations. More than seven months after the EMV liability shift, the majority of U.S.
retail locations still haven’t upgraded their payment terminals to accept chipcards, with some small and midsize businesses citing the difficulty of getting their equipment tested and certified by appropriate organizations. More than seven months after the EMV liability shift, the majority of U.S.
The technology, itself through the reader, plugs directly into iOS and Android devices, which, in turn, allows the merchants to accept payments across both EMV chipcards and magnetic stripe cards. Dick Durbin is less than impressed with EMV’s progress in the U.S. That was the gist of a letter Sen. Durbin was writing last week.
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