Monday , September 26, 2022

Liability Shift Claims Solicited And Other Digital Transactions News briefs from 7/5/22

  • The U.S. District Court for the Eastern District of New York announced merchants that incurred an unreimbursed EMV or chip fraud liability shift chargeback from Oct. 1, 2015, through Sept. 30, 2017, on a Visa, Mastercard, Discover, or American Express credit or debit card transaction can submit a claim in a pending class action lawsuit.
  • Businesses in the United Kingdom have sustained an average 37% increase in payment-decline rates since the Financial Conduct Authority’s Strong Customer Authentication rules began being enforced March 14, according to a survey of 750 payments decision makers by EML Payments Ltd.’s Nuapay, an open-banking provider.
  • Popular Inc. said its Banco Popular de Puerto Rico unit has closed on its acquisition of certain assets of the processor Evertec Group LLC, a unit of Evertec Inc. In the deal, BPPR delivered to Evertec Group Evertec common stock valued on June 30 at $169 million.
  • Web3 Ventures Inc., an incubator for companies specializing in the so-called decentralized Web, appointed Zach Rosen to its advisory board. Rosen founded Brydge, a firm that enables decentralized apps to work on one blockchain and accept payments from other blockchains.

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