SiliconANGLE

FTC orders Mastercard to change debit card practices

The U.S. Federal Trade Commission on Friday ordered Mastercard Inc. to change how it processes transactions that consumers make using debit cards. In particular, the order focuses on debit cards ...
American Banker

FTC orders Mastercard to open tokens to rival debit networks

Mastercard must provide competing debit networks with the keys needed to convert tokenized card account information — which has been encoded for security purposes — back to the original account number ...
Engadget

FTC orders Mastercard to open debit transactions to competing payment networks

The Federal Trade Commission has ordered Mastercard to start providing competing payment networks with the information they need to process debit card payments. In a proposed enforcement action ...
JD Supra

FTC orders card company to let merchants use other debit networks

On December 23, the FTC ordered a payment card company to stop blocking merchants from using competing debit payment networks. According to an agency investigation, the company allegedly violated ...
WFTV

‘Very frustrated’: Scammers order 60 nightstands using consumer’s debit card

DELTONA, Fla. — A Deltona family suddenly had $3,500 wiped from their bank account after some bizarre transactions with Walmart. Their debit card was hit with fifteen different charges from Walmart’s ...