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There’s a Push to Ban Junk Fees. Does It Affect Credit Card Surcharging?

Stax

This trend is poised to continue, with a survey from the consultancy CMSPI finding that cost reduction is the top payments priority for 60% of businesses. The Minnesota law will go into effect on January 1, 2025. Other states are likely to consider drip pricing legislation in 2025 and beyond.

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Why small banks may shun Zelle

Payments Dive

Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Why small banks may shun Zelle The peer-to-peer payment network charges comparatively higher transaction rates, but also offers the potential for new customers, consultants say.

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Mastercard, Visa play down stablecoin threat

Payments Dive

The network is also providing consulting services related to stablecoins and building an infrastructure to support clients in creating their own stablecoins. It also offers cards that let consumers use their stablecoins to pay for purchases and enable cross-border transactions backed by the digital assets.

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Apple CEO Wants FTC To Let Consumers Control Their Data

PYMNTS

Federal Trade Commission (FTC) to put in place a new framework to increase the transparency of companies that handle user data. Cook called on the FTC to create a “data-broker clearinghouse” to control the flow of data. Subsequent data breaches at Facebook and Google have prompted Cook to call for the FTC action.

FTC
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FTC Split On Size, Scope Of Facebook Fine

PYMNTS

With Facebook and the Federal Trade Commission in the final stages of settlement talks, disagreements between the five-member FTC panel are complicating the discussions. Facebook is in talks with the FTC to settle a lawsuit stemming from its scandal with Cambridge Analytica.

FTC
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Victims Of Tech Support Scam To Get Refunds From FTC

PYMNTS

The decision is part of a settlement with the FTC and the alleged scammers, who were charged with tricking people into believing their computers were infected with malware and viruses, and then aggressively asking for hundreds of dollars for repairs. Sometimes, the alleged bad guys would install malware.

FTC
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Advocacy Groups Call On FTC To Break Up Facebook

PYMNTS

The Wall Street Journal , citing a draft letter from the advocacy groups, reported that among the fixes in light of the Cambridge Analytica scandal in which the now-defunct political consulting firm accessed the data on 87 million users without their permission, is to spin out WhatsApp and Instagram.

FTC