Topics: Payment Systems

Prepare Now to Meet EMV Deadlines

Prepare Now to Meet EMV Deadlines

Credit cards are now being issued with an EMV chip, and business owners across the country have updated their point-of-sale systems to accommodate chip cards. The first point-of-sale requirements took effect in 2015, but another deadline is on the horizon—the EMV liability shift—and it will affect retailers. More

How to Upgrade to Meet the October 2020 EMV Shift [Podcast]

How to Upgrade to Meet the October 2020 EMV Shift [Podcast]

Podcast guest Dan Witkemper, Director, North America Payment at Gilbarco Veeder-Root, tells us what truckstops and travel centers should know about EMV chip technology to ensure they're ready by the 2020 deadline. More

Is Your Truckstop or Travel Center Ready for EMV?

Is Your Truckstop or Travel Center Ready for EMV?

Credit cards are now being issued with a small chip (called the EMV chip), and business owners across the country have had to update their point-of-sale systems to accommodate chip cards. The first point-of-sale requirements took effect in 2015, but another deadline is on the horizon. Fuel retailers have until Oct. 1, 2020, to install EMV chip-card readers at automated fuel dispensers. Here’s what you should know about EMV chip technology to ensure you’re ready by the 2020 deadline. More

Guidance on Visa, Mastercard Swipe Fee Class-Action Settlement

A federal Court has preliminarily approved a proposed settlement of a maximum of approximately $6.24 billion and a minimum of at least $5.54 billion in a class action lawsuit, called In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720 (MKB) (JO). The lawsuit is about claims that merchants paid excessive fees to accept Visa and Mastercard cards because Visa and Mastercard, individually, and together with their respective member banks, violated the antitrust laws. A number of NATSO members who may be a part of this class have sought guidance as to how this process will proceed and what steps they should take as part of this process. More

NATSO Joins Letter on Data Security Policy Ahead of Privacy Hearings

NATSO recently joined a number of other consumer-facing retail trade associations in sending a letter to lawmakers articulating retailers' top principles for any legislation affecting the protection of consumer data privacy. The letter urges Congress to establish a single, uniform, nationwide data privacy law. "Our members have no higher priority than relationships with their customers," the letter states. "To comprehensively protect Americans, any federal data privacy legislation should apply to all industry sectors . . . .All of the companies involved in handling that chain of data should have legal obligations to properly guard it under privacy law, and the law should not solely rely on private contracts to create those legal obligations." More

NATSO Submits Letter to FTC Outlining Data Security Principles

NATSO joined more than 10 retail trade associations in sending a letter to the Federal Trade Commission (FTC) outlining the groups' principles on data security standards and consumer notification requirements in the event of breaches of sensitive data. The letter was in response to the FTC's request for input on the current state of competition and consumer protection law. More

Visa, Mastercard Face Next Fight In $6.2 Billion Settlement

In the largest-ever class-action settlement of a U.S. antitrust case, Visa and Mastercard agreed to pay between $5.54 billion and $6.24 billion to a class of more than 12 million merchants who accept the payment networks’ cards, according to a regulatory filing on Tuesday. More

House Committee Approves Data Breach Legislation

The House Financial Services Committee on Sept. 13 favorably reported legislation that would preempt the patchwork of state data breach notification requirements and establish a single national standard. More

American Express Prevails in Supreme Court Case

The U.S. Supreme Court on June 25 handed down a decision in the case of Ohio v. American Express, ruling that American Express did not violate the Sherman Antitrust Act. The decision comes after a long battle that started in 2010 when the U.S. Department of Justice (DOJ), in conjunction with several state attorneys general, brought the case against Visa, Mastercard and American Express arguing that the rules promulgated by the card networks preventing merchants from offering discounts were a violation of antitrust laws. More

NATSO Expresses Concerns With Draft Data Breach Notification Legislation

NATSO urged members of the House Committee on Financial Services to continue discussions with stakeholders before moving draft data breach notification legislation to a markup because the draft bill would be less effective than existing law. More

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