Browsing: Credit cards
MasterCard Settlement Not Accepted
MasterCard today said that not enough MasterCard-issuing banks accepted the proposed $19 million settlement with Target by the May 20 deadline.
ABA Finds Limited Credit Availability, Higher Credit Costs Since CARD Act
Surface benefits for consumers from the 2009 Credit CARD Act have been offset by significant negative effects, ABA told the Consumer Financial Protection Bureau yesterday.
MasterCard Settlement Acceptance Deadline is Wednesday
The deadline for MasterCard-issuing banks to determine whether they will accept the network’s $19 million settlement with Target related to losses from Target’s 2013 data breach is Wednesday, May 20.
Visa to Boost, Tier Reimbursements for Reissued Cards
ABA played a lead role in securing higher post-data breach reimbursement levels for banks of banks of all sizes.
Chase Survey Finds More Education Needed on Chip Cards
Nearly two-thirds of consumers have not heard of chip card technology — also known as EMV — even though 80 percent are concerned about the security of their debit and credit transactions, according to a recent survey commissioned by Chase, which said it will have converted more than 70 percent of its cards to EMV by the end of 2015.
Survey: Card Rewards Grow More Prevalent, Popular
Rewards credit cards are growing in popularity and consumer value, according to new Ipsos polling data published in the latest issue of ABA’s The Credit Line newsletter.
MasterCard Inks $19 Million Data Breach 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.
CFPB Temporarily Suspends Card Agreement Submissions
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.
California Federal Court Rules ‘No Surcharge’ Law Unconstitutional
Circuits are split on the constitutionality of laws prohibiting merchants from imposing a surcharge on customers for using a credit card.