Credit Card Dispute
Litigation a Way of Life in Payments Processing Industry
On Oct. 12, 2011, MasterCard and Visa, the two largest credit cards and payment networks, were sued by the National ATM Counsel, Inc., a trade group representing operators of automated teller machines. The trade group claims that Visa and MasterCard fix prices and suppress competition between ATM networks. In October 2010, the U.S. Department of Justice [...]
Credit Card Processing — Entrepreneurs take Legal Action
The credit card is the beating heart of the “payment card” industry (PCI), which denotes credit, debit, prepaid, e-purse, ATM and POS cards, along with associated businesses. And it’s a really big heart. Total U.S. revolving debt (98 percent of which is made up of credit card debt) amounted to $793.1 billion, as of May 2011 [...]
How to File a Credit Card Dispute
You’ve read our past blogs on identity theft and know the importance of monitoring not only your annual credit report, but your monthly credit card statements. While conducting your monthly due diligence, a charge on your credit card statement pops out at you. You don’t remember making that charge. What should you do? First, you [...]
Could You Be a Credit Card Thief’s Next Victim?
Use caution and common sense, and you’ll minimize your chances of falling victim to a credit card scammer. Credit card fraud is fast on the rise, thanks to more and more people shopping online. But fraud happens in person, too; an unscrupulous restaurant server could easily jot down your credit card information when you pay [...]
Five Easy Ways to Avoid Credit Card Fraud
Credit Card fraud is increasing because of growing scams and hackers causing financial distress for online shoppers. Practicing discretion when making online purchases and being wary of easy to spot scams will prevent credit card fraud. Always Use Discretion Much online fraud occurs from easy-to-avoid scams. Avoid opening emails that offer you credit cards or [...]
How Credit Card Fraud Works
Paying with a credit card should not be an experience that leaves you with apprehension. However, more and more Americans are finding themselves caught up in a credit card dispute after becoming victims of credit card fraud. Often times a simple transaction is responsible for a crime that can potentially turn a credit card holder’s [...]
Taking Your Life Back After Credit Card Fraud
The phrase “It can happen to you” has become a popular warning associated with identity theft. However, until it actually does “happen to you,” the devastating results of credit card fraud can’t be fully imagined. When the identity and purchasing power an individual may have worked an entire lifetime building and protecting is stolen, this [...]
Pass on Data Pass: Murky Credit Card Tactic Banned
By Jason Beahm Watch out for the data pass. Online credit card rules have changed. If your company operates online, now would be a good time to check to make sure that you comply with the new rules. Visa now requires that all web merchants ask consumers to enter all 16 digits of their credit card number [...]
Credit Card Dispute Laws
By Barb Nefer, eHow Contributing Writer There are consumer protection laws for credit card users who dispute certain payments on their monthly statements. In fact, some credit card issuers offer enhanced protection for their customers over and above the legal requirements. If you know the laws, you can have additional confidence when you use your [...]
