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.
ABA played a lead role in securing higher post-data breach reimbursement levels for banks of banks of all sizes.
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.
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 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.
Circuits are split on the constitutionality of laws prohibiting merchants from imposing a surcharge on customers for using a credit card.