The National Grocers Association (NGA), an original plaintiff in the Visa and Mastercard class action suit filed in 2005, has expressed concerns about the proposed settlement. While NGA is reviewing the text of the proposal filed Nov. 10, it noted the revised deal fails to address the underlying problem of anticompetitive price-setting in the credit […]
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Visa To Pilot Payment Cards With On-Card Fingerprint Sensors
Visa, with Mountain America Credit Union and Bank of Cyprus, soon will begin piloting a new EMV dual-interface (chip- and contactless-enabled) payment card that uses an on-card fingerprint sensor. According to the company, these will be the first commercial pilots of an on-card biometric for contactless payments. With biometric authentication gaining momentum and the EMV […]