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- 1Lawsuit claims Fiserv call center reactivated stolen cards▼Fiserv call center reactivated stolen cards, lawsuit alleges FiCare alleges the people holding the stolen cards are havi
A lawsuit alleges that a Fiserv call center reactivated stolen cards, allowing people holding compromised cards to have fraud controls removed. According to FiCare, which brought the claim, controls meant to contain compromised cards were lifted, exposing cardholders to further losses. The allegation has drawn attention in banking circles, raising questions about card security practices and call center procedures at the payments processor.
- 2Technology Tools Aim to Lift High-Risk Merchant Authorization Rates▼How Technology Can Help High Risk Merchants Improve Authorization Rates
A new report examines how technology can help high-risk merchants improve their payment authorization rates. Businesses classified as high-risk, such as those in gaming, travel or subscription services, often face declined transactions and stricter processor scrutiny. The piece argues that tools like better fraud screening, tokenization and data-driven routing can reduce false declines and recover lost revenue for these merchants.
- 3FTC Cracks Down on Two Payment Processing Companies●Calling payment processors ‘crucial intermediaries between businesses and consumers,’ FTC cracks down on two companies
The Federal Trade Commission has taken enforcement action against two payment processing companies, describing payment processors as crucial intermediaries between businesses and consumers. The move signals heightened regulatory scrutiny of firms that handle transactions on behalf of merchants, with the agency focusing on how these companies treat the businesses and consumers that depend on them. Details of the specific companies and allegations were not immediately available.
- 4Merchant's card surcharge rules spark cardholder complaints●Added card-surcharging logic for a US merchant: debit cards skip the 3% fee, credit cards get it, per the usual state ru
A developer working on payment systems for a US merchant described implementing surcharging logic: debit cards are exempt from a 3% fee while credit cards carry it, following standard state regulations. Card type detection relies on a static BIN range table updated quarterly from the payment processor. Complaints from cardholders unhappy about the fee have begun arriving, with some disputing the charge.
- 5Online censorship is crushing indie webcomics●Online #censorship is crushing indie webcomics -- From #socialmedia platforms to payment processors, new restrictions ar
Independent webcomic artists say they are being squeezed out of existence by a wave of new restrictions across the internet. According to an Xtra Magazine report, limits imposed by social media platforms and payment processors are making it harder for creators to publish their work and earn money from it, with adult and queer-leaning comics often hit hardest by content moderation and financial gatekeeping.
- 6MacWall developer's Stripe account reinstated after public complaint●MacWall Developer Gets Stripe Account Reinstated After Public Complaint
The developer behind MacWall had a Stripe account terminated, but after publicly raising the complaint, Stripe reinstated the account. The case is drawing attention among independent developers who worry about sudden payment processor shutdowns cutting off revenue with little explanation. Many are citing it as an example of how public pressure on social media can be the fastest route to getting a platform decision reversed.
- 7Stripe Alums Launch a Wave of New Payments Startups●Stripe alums spark new payments plays The digital processor has become a founders’ factory with former employees seeding
Former Stripe employees are seeding a growing wave of startups across the financial technology field, prompting commentary that the digital payments processor has become a founders' factory. Observers note the company's alumni network is shaping the next generation of payments ventures, much as early employees of other tech giants went on to build influential companies of their own.