New Security Standard for PINS Will Give Retailers Less Costly Processing Options

New Security Standard for PINS Will Give Retailers Less Costly Processing Options. A new standard published by the Payment Card Industry Security Standards Council (“PCI SSC”) may make it easier and less costly for retailers to take advantage of lower cost PIN based transactions in card present scenarios. The new standard addresses security of PIN entry…

Washington Has Made It Harder for You to Sue Your Credit Card Company. What Now?

On Nov. 1, President Donald Trump signed a congressional resolution that can make it virtually impossible for customers to file class-action lawsuits against financial institutions, such as your neighborhood bank or credit card issuer, making it near impossible to sue your credit card company. The signing was done without fanfare; that is, in private, in…