Visa, Mastercard Draw New Government Controls Over Debit Card Routing

Visa, Mastercard Draw New Government Controls Over Debit Card Routing

The Federal Trade Commission is investigating whether Visa Inc. V 1.45% and MasterCard Inc.’s MUST 2.27% security tokens limit debit card routing competition on online payments, according to people familiar with the matter. The FTC for the past few years has already investigated whether Visa and Mastercard block merchants from routing payments over other debit … Read more

Visa, Mastercard Draw New Government Controls Over Debit Card Routing

Visa, Mastercard Draw New Government Controls Over Debit Card Routing

The Federal Trade Commission is investigating whether Visa Inc. V 1.49% and MasterCard Inc.’s MUST 2.59% security tokens limit debit card routing competition on online payments, according to people familiar with the matter. The FTC for the past few years has already investigated whether Visa and Mastercard block merchants from routing payments over other debit … Read more

Payment companies don’t mind if you buy generic

Payment companies don’t mind if you buy generic

People are increasingly paying with their credit cards these days – but often for the right reasons, from an investor’s point of view. Inflation can generally benefit payment companies because they take a small portion of each transaction. So in theory their bids should rise along with the general price level. But if inflation eats … Read more

As gasoline prices rise, stations now hold up to $ 175 of your money when you swipe

As gasoline prices rise, stations now hold up to $ 175 of your money when you swipe

Pain at the gas pump goes beyond the high prices: Gas stations also put larger holdings of up to $ 175 on customers’ cards when they swipe. When drivers insert a credit or debit card at the pump, the gas station does not know how much fuel they want to buy, and it puts a … Read more

Banks remain optimistic with credit card transactions

Banks remain optimistic with credit card transactions

Banks are optimistic about their credit card business and believe that the latest guidelines from the Reserve Bank of India (RBI) on credit and debit cards will not affect their business. The guidelines indicate that large NBFCs with a minimum net fund of ₹100 crore may be able to enter the company with the prior … Read more