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Visa, Mastercard draw FTC inquiry over debit card transactions

Payments Source

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

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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. And investors seek late-stage investments. DoorDash Adds Another $100M To $2B Coffer. Investors from the U.S.

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FICO’s Take On Debit Security

PYMNTS

The data of 4 million breached debit and credit cards was even posted for sale in late 2019, stolen from four restaurant chains between April and September 2019, and recently made available for purchase on Joker’s Stash, an online black market. Card issuers, networks and retailers all must play a part in defending against such breaches.

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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.