Payments/Credit/Debit

Visa USA has warned its tier I and tier II merchants that they have until Oct. 1 to proof their compliance with the industry's card security data standards or lose their most favorable interchange rates.

The battle over whether cash or cards will rule the payment world has almost always gone to cash, but here and there some restaurants have begun to turn away from the bills and coins.

STERLING HEIGHTS, Mich. -- A man seeking to install a camera on an ATM in a way that would let him skim or collect cardholders' personal identification numbers apparently forgot the camera was on and left the police with his own picture.

In a move which some have criticized as too little, too late and self-serving, the American Bankers Association has rolled out a guide that it hopes will help consumers better understand their credit cards and better evaluate credit card offers.

Fidelity National Information Services faces a lawsuit stemming from a data breach that was alleged to have been caused by a former employee in its Certegy check verification division.

Credit unions seeking to market their credit cards more effectively to their entrepreneurial members or credit card issuers looking for a competitive boost for the small business cards should consider offering one with a cash back and/or gasoline discount reward structure.