As if there is not enough controversy over Interchange Rates charged to merchants, we now have to deal with consumer credit cards interest rates increasing drastically without notice. Some consumer spending experts say this may hinder spending even more this holiday season. What is our government doing to fix the issue? Federal regulators jumped into action and […]
It seems as though anytime a company gets large enough, there will always be people who feel it is unfair and begin to wage war on what they don’t know. I have talked about Visa and MasterCard having to pay large settlements to Discover after a long anti-trust battle. Although Visa lost that battle, the war on […]
Secure Electronic Transactions Or (SET) Secure Electronic Transactions (SET) is an open protocol which has the potential to play a large role and dominate the market in providing secure electronic transactions. Jointly, Visa and MasterCard and vendors such as IBM have worked to create SET as an open standard for protecting the privacy, and ensuring […]
