Law and Regulation

Cantaloupe Inc. announced early Tuesday it will install its Cheq point-of-sale platform at professional soccer club Detroit City FC’s home stadium for all games and live events. Cantaloupe will begin providing POS services at the stadium in June as part of a multi-year deal. The deal builds on Cantaloupe’s acquisition …

FreedomPay Inc. said Big 5 Sporting Goods has signed with the company to process payments at its 424 stores throughout the U.S. market. Canada-based identity platform Trulioo said it will work with Mastercard to offer identity-verification services in onboarding both merchants and consumers to help prevent fraud. The Consumer Financial Protection Bureau finalized a rule …

With summer travel on the rise, fraudsters are readier than ever to take advantage of unwary motorists. Toll-road fraud is generating complaints in at least a dozen states, says the Identity Theft Resource Center in a report issued this month. The latest scam involves text messages impersonating a toll authority …

PayIt LLC announced on Tuesday it is processing payments for fishing licenses for the Eastern Band of Cherokee Indians in North Carolina. The deal, which was consummated March 20 but not announced immediately, is the latest for PayIt, an 11-year-old Kansas City, Mo.-based platform that specializes in digital payments for …

Merchants have been granted a 90-day extension to file a monetary claim as part of the settlement of a nearly two-decades-old interchange lawsuit filed against Visa and Mastercard. Merchants now have until Aug. 30 to file their claims, the court overseeing the settlement has ruled. A settlement between Visa and …

The onset of the covid pandemic spurred deployers and developers to bring contactless technology to the ATM, and now industry organizations are offering guidelines on the matter as deployers look to widen acceptance of contactless cards and mobile devices. Calling contactless technology “table stakes” for most consumers, the Redwood City, …

Claims by banks that merchants won’t pass along savings from the Credit Card Competition Act to consumers are grossly misleading and do not reflect the economic realities merchants face, argues the Merchants Payments Coalition, a lobbying group representing sellers on payments-acceptance matters. Passing along cost savings or at least holding …

The Consumer Financial Protection Bureau on Wednesday issued an interpretive rule that buy now, pay later users are entitled to some of the same rights and protections of the Truth in Lending Act that apply to credit cards. Protections the CFPB says consumers are entitled to include the right to …

Despite some claims to the contrary, the odds are long that merchants would pass on any potential savings to consumers from the Credit Card Competition Act, payments experts say. One argument for this is that merchants price products on a line-item basis, which means the savings on a single product …

A bill containing a provision that would raise the asset threshold for debit card issuers covered by the Durbin Amendment narrowly passed in a vote late Thursday by the House Financial Services Committee. The committee voted 24-22 in favor of advancing the bill, called the Bank Resilience and Regulatory Improvement …