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Visa, Mastercard draw FTC inquiry over debit card transactions

Payments Source

antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks. Visa and Mastercard are once again in the crosshairs of U.S.

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Top Payments News: DoorDash Bolsters Its Treasure Chest; Policymakers Target Big Tech Over Data; Feds Probe Debit Card Practices

PYMNTS

In today’s top news, DoorDash keeps growing and Visa and Mastercard face big questions over their debit card programs. FTC Probing Visa, Mastercard About Debit Card Practices. Three billion credit and debit cards. And investors seek late-stage investments. Investors from the U.S.

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FICO’s Take On Debit Security

PYMNTS

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards. The solution is.

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FTC Probing Visa, Mastercard About Debit Card Practices

PYMNTS

antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg.