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CFPB Takes Aim at Big Tech Wallets; Shift4’s M&A Embrace; Chargebacks911 in FTC Settlement
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Chargebacks911 in FTC Settlement And Other Digital Transactions News briefs from 11/8/23
The Federal Trade Commission and the state of Florida reached a settlement with Chargebacks911 in a lawsuit they filed in April alleging the company and its owners use multiple unfair techniques to prevent consumers from winning chargeback disputes. The settlement would prohibit them from providing chargeback mitigation services to high-risk clients that use affiliate …
Read More »What the Surcharge Cap Reduction Could Harbor; Chargebacks911 Says FTC Is Wrong; Plus Weekly Recap
A2A Payments’ Increasing Impact; A Better Way To Track Gun Sales; The FTC’s ‘Click to Cancel’ Button
The FTC’s ‘Click to Cancel’ Button And Other Digital Transactions News briefs from 3/23/23
The Federal Trade Commission issued a proposed rule that would require sellers to offer a “click to cancel” button that customers could use to more easily stop subscriptions and recurring payments. A global survey on cross-border payments found 29% of mid-size and large U.S. businesses cite high transaction cost as a challenge, …
Read More »Why the FTC Singled Out Mastercard
The Federal Trade Commission announced two days before Christmas it had leveled a preliminary consent order against Mastercard Inc. The order—issued to correct what the agency saw as roadblocks the card company had erected against routing online debit transactions to competing networks—may have surprised at least some observers. That’s because …
Read More »Why The FTC Singled Out Mastercard; A Record Online Shopping Season; What’s in ACI’s Future?
Why the FTC Isolated Mastercard With Its Pre-Christmas Consent Order
When the Federal Trade Commission announced two days before Christmas it had leveled a preliminary consent order against Mastercard Inc. to correct what the agency saw as roadblocks the card company had erected against routing online debit transactions to competing networks, the move may have surprised at least some observers. …
Read More »Square Unveils New Apps for Terminal; Recurly’s New Subscription Model; FTC Probes Tokens and Routing
FTC Probes Tokens and Routing And Other Digital Transactions News briefs from 10/18/22
The Federal Trade Commission has launched a probe into whether security tokens issued by Visa Inc. and Mastercard Inc. interfere with the ability of processors to route debit card transactions to alternative networks, according to The Wall Street Journal. Network choice for debit card transactions is mandated by the Durbin Amendment to the 2011 …
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