Monday, July 28, 2014





FTC seeks details from Visa on debit card service


February 19. 2013 5:41PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) The Federal Trade Commission is looking at the details of one of Visa's debit card programs to see if it complies with new rules under the 2010 financial regulatory reform.


Visa Inc. says in a regulatory filing that the FTC asked for information about a voluntary program for merchants that accept debit cards with the Visa logo, on Sept. 21.


The request focuses on information related to the purposes, implementation, and impact of the optional PIN Debit Gateway Service, the San Francisco-based payment processor says in Friday's Securities and Exchange Commission filing.


The request indicates the FTC wants to determine if the program violates a provision of the financial reform known as the Durbin Amendment, which limits how much merchants who accept cards can be charged to process the payments.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds