The May issue of ABA Bank Marketing and Sales magazine, now available online for subscribers, features a cover story with strategies for banks to position their credit and debit cards as a customer’s first choice in mobile wallets like Apple Pay.
Customers deserve the same level of protection whether they do business with nonbank payment startups or banks, ABA President and CEO Frank Keating said in an American Banker op-ed today. Keating was responding to arguments by former Treasury Secretary Larry Summers that nonbanks are at a regulatory disadvantage. “Banks provide extensive protections to consumers on
Balances held in Google Wallet — the mobile payment service offered by the California tech giant — will now be protected by federal deposit insurance, according to press reports this week.
Will 90 percent of MasterCard-issuing financial institutions accept the network’s settlement with Target?
MasterCard and Target today announced a $19 million settlement of claims by MasterCard and its card issuers related to losses from Target’s 2013 data breach.
The Consumer Financial Protection Bureau today finalized a rule that would suspend the requirement for credit card issuers to submit card agreements to the bureau while it develops a more streamlined automated submission system.
The Consumer Financial Protection Bureau yesterday announced it had filed a lawsuit against several individuals and companies involved in what it said was a robo-calling phantom debt collection operation.
Circuits are split on the constitutionality of laws prohibiting merchants from imposing a surcharge on customers for using a credit card.